Risk Management Specialist Salary

Risk Management Specialists in the United States can expect wages of $62K annually on average. Including potential for bonuses and profit sharing — peaking near $14K and $13K, respectively — total cash payment to Risk Management Specialists can bottom out near $34K or peak near $96K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by career length. Job satisfaction is high and work is enjoyable for most Risk Management Specialists. Female Risk Management Specialists survey participants are more prevalent than men — 68 percent of professionals. Medical benefits are awarded to most, and a large number earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$39,939 - $94,259
$40K
$62K
$94K
MEDIAN: $61,550
10%
50%
90%

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$14.31 - $27.45
$14
$19
$27
MEDIAN: $19.41
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
$39,939 - $94,259  
   
Bonus
$196.53 - $13,600  
Profit Sharing
$503 - $12,913  
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).
)
$34,305 - $96,305  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 163
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
$14.31 - $27.45  
   
Overtime
$27.13  
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
$196.53 - $13,600  
   
Profit Sharing
$503 - $12,913  
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).
)
$34,305 - $96,305  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 47

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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.


The average worker who claims fewer than five years of experience earns around $51K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $64K. Risk Management Specialists bring in $67K after working for 10 to 20 years. Individuals who report more than two decades of experience seem to make about the same as folks in the 10-to-20 year range.

Related Job Salaries

Key Stats for Risk Management Specialist

Gender

Female
68 %
Male
32 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.
Less than 1 year
7%
1-4 years
40%
5-9 years
25%
10-19 years
20%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Specialist Salaries

Experienced
▲20%

Late-Career
▲20%

Mid-Career
▲14%

National Average
$56,000

Entry-Level
▼9%

Skills That Affect Risk Management Specialist Salaries

Claim Handling
▲14%

Data Analysis
▲12%

▲4%

National Average
$56,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
7%
1-4 years
40%
5-9 years
25%
10-19 years
20%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 82%
vision benefits
Vision: 73%
dental benefits
None: 9%
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