Browse Categories

Risk Management Specialist Salary

For Risk Management Specialists, yearly average wages total $52K annually. Total cash compensation to Risk Management Specialists approaches anywhere from $34K on the lower end to $87K on the higher end; in exceptional cases, this can include more than $10K from bonuses and upwards of $4K from profit sharing. Location is the biggest factor affecting pay for this group, followed by career length. Most Risk Management Specialists survey respondents are women (72 percent). Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most Risk Management Specialists like their work and job satisfaction is high. This report is based on answers to PayScale's salary questionnaire.
$36,368 - $88,617
(Median)
36K
44K
52K
67K
89K
MEDIAN: $52,341
10%
25%
50%
75%
90%

Add this chart to your site: 640px    300px

$13.35 - $24.00
(Median)
13
16
18
22
24
MEDIAN: $18.00
10%
25%
50%
75%
90%

Add this chart to your site: 640px    300px

National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Salary
$36,368 - $88,617  
   
Bonus
$0.00 - $9,863  
Profit Sharing
$0.00 - $3,915  
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).
)
$33,965 - $87,399  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 224
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$13.35 - $24.00  
   
Overtime
$0.00 - $34.77  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $9,863  
   
Profit Sharing
$0.00 - $3,915  
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).
)
$33,965 - $87,399  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 79
United States (change)

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.

Read More...

Risk Management Specialist Tasks

  • 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.
  • Conduct statistical and in-person analyses to identify and categorize risk and potential risk.
  • Assist in developing risk mitigation strategies and implementing them.

Risk Management Specialist Job Listings

Search for more jobs:


Job skills reported by Risk Management Specialists are limited. Those who have experience with Risk Management / Risk Control, Insurance, and Claim Handling can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, include Claim Handling and Insurance. Insurance and Risk Management / Risk Control are correlating skills — those who know the former usually know the latter.

Pay by Experience Level for Risk Management Specialist

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


For Risk Management Specialists, experience does not seem to be a major factor in determining pay. Folks with fewer than five years of experience take home $47K on average, and those who have worked for five to 10 years see a bigger median salary of $52K. On average, Risk Management Specialists make $59K following one to two decades on the job. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $62K.

Related Job Salaries

Experience Affects Risk Management Specialist Salaries

Late-Career
up arrow 25%

Experienced
up arrow 20%

Mid-Career
up arrow 4%

National Average
$50,000

Entry-Level
up arrow 5%

Skills That Affect Risk Management Specialist Salaries

Risk Management / Risk Control
0%

National Average
$50,000

Insurance
up arrow 4%

Claim Handling
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 66 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
3%
1-4 years
39%
5-9 years
34%
10-19 years
20%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 74%
vision benefits Vision: 62% employee benefits None: 12%