Average Risk Management Specialists in the United States make around $61K per year. Geography and tenure each impact pay for this group, with the former having the largest influence. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. Female Risk Management Specialists make up most of the survey respondents at 73 percent. For the most part, Risk Management Specialists enjoy their work and report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$39,593 - $94,726
(Median)
$40K
$61K
$95K
MEDIAN: $60,695
10%
50%
90%

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$14.40 - $29.15
(Median)
$14
$19
$29
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$33K$66K$99K
Salary
$39,593 - $94,726  
   
Bonus
$-0.49 - $14,116  
Profit Sharing
$1,221  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,037 - $97,094  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 147
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17$34$51
Hourly Rate
$14.40 - $29.15  
   
Overtime
$27.49  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$-0.49 - $14,116  
   
Profit Sharing
$1,221  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,037 - $97,094  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 43

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United States (change)

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Job Description for Risk Management Specialist

Risk management specialists work to minimize many forms of risks to their companies' financial standings, and may focus on areas such as safety or material loss. In any case, they must develop comprehensive plans for risk management and direct them for implementation.

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Risk Management Specialist Tasks

  • Conduct statistical and in-person analyses to identify and categorize risk and potential risk.
  • Assist in developing risk mitigation strategies and implementing them.
  • Process and respond to workers' compensation, liability, and other legal and insurance filings and adjustments.
  • Present risk analyses to consumers, decision-makers or management, making recommendations for action.

Risk Management Specialist Job Listings

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Pay by Experience Level for Risk Management Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries for the relatively untried average out to around $51K, but survey participants with five to 10 years of experience earn a significantly higher median of $63K. Risk Management Specialists see a median salary of $67K after reaching one to two decades on the job. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $62K on average.

Related Job Salaries

Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Specialist Salaries

Experienced
up arrow 21%

Mid-Career
up arrow 14%

Late-Career
up arrow 11%

National Average
$56,000

Entry-Level
up arrow 8%

Skills That Affect Risk Management Specialist Salaries

Claim Handling
up arrow 15%

National Average
$56,000

Insurance
up arrow 1%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
7%
1-4 years
39%
5-9 years
23%
10-19 years
22%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 81%
medical benefits
Vision: 72%
dental benefits
None: 8%
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