Risk Management Specialist Salary (United States)

Salaries for Risk Management Specialists in the United States sit in the ballpark of $49,977 per year. Compensation generally starts at $34,064 and does not exceed $91,537 per year. Including potential for bonuses and profit sharing—peaking near $10,181 and $3,915, respectively—total cash payment can bottom out near $36,489 or peak near $91,425. Location is the biggest factor affecting pay for this group, followed by years of experience. Medical and dental benefits are awarded to most, and a majority earn vision coverage. Men are in the minority in the field, with female Risk Management Specialists making up 71 percent of workers. The majority of Risk Management Specialists claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
Risk Management Specialist Salary (?
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.
)
$36,489 - $91,425
(Median)
36K
44K
53K
70K
91K
MEDIAN: $52,896
10%
25%
50%
75%
90%
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Risk Management Specialist Salary (?
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.
)
$12.82 - $24.07
(Median)
13
16
18
22
24
MEDIAN: $18.00
10%
25%
50%
75%
90%
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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$31K$62K$93K
Salary
$36,489 - $91,425  
   
Bonus
$0.00 - $10,181  
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).
)
$34,064 - $91,537  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 236
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$16$32$48
Hourly Rate
$12.82 - $24.07  
   
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$32K$64K$96K
Bonus
$0.00 - $10,181  
   
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).
)
$34,064 - $91,537  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 77
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Job Description for Risk Management Specialist

  • 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

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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.
For Risk Management Specialists, experience in the field does not tend to play a major role in salary decisions; in general, pay does not go up drastically with more experience, and earnings grow incrementally instead. Starting at around $48K, salaries see a boost to $53K after five to 10 years. Compensation is $63K after 10 to 20 years. After 20 years in the field, Risk Management Specialists see their salaries growing more slowly, eventually averaging out to $67K. Experienced employees who have 10-20 years of experience make up 21 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining less than five. Workers in this area tend to have one to nine years of experience.

Pay Difference By Location

New York
up arrow 83%
San Diego
up arrow 12%
National Average
$50,000
Seattle
up arrow 2%
Houston
up arrow 8%
Larger circles over a city indicate a job is popular in that location.
For Risk Management Specialists, New York provides a pay rate that is 83 percent greater than the national average. Risk Management Specialists will also find cushy salaries in San Diego (+12 percent). Houston is the lowest-paying area, 8 percent south of the national average.

Related Job Salaries

Experience Affects Risk Management Specialist Salaries

Late-Career
up arrow 35%
Experienced
up arrow 25%
Mid-Career
up arrow 5%
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
Claim Handling
up arrow 7%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 73 votes.

Gender

Female
71%
female alumni
 
Male
29%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
40%
5-9 years
33%
10-19 years
21%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 76%
vision benefits Vision: 63% employee benefits None: 12%
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