Risk Management Specialist Salary

Risk Management Specialists in the United States pull down an average of $63K annually. In the world of Risk Management Specialists, total cash compensation can vary between $38K and $99K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $16K and $13K, respectively. Residence is the biggest factor affecting pay for this group, followed by career length. There are more female Risk Management Specialists who answered the questionnaire than male, making up 61 percent. Medical benefits are awarded to most, and a large number earn dental coverage. Most workers in this position report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
Read More
$40,671 - $96,906
$41K
$63K
$97K
MEDIAN: $62,604
10%
50%
90%

Add this chart to your site: 640px    300px

$14.75 - $29.15
$15
$20
$29
MEDIAN: $20.15
10%
50%
90%

Add this chart to your site: 640px    300px

$0$99K
Salary $40,671 - $96,906
Bonus $486.45 - $15,604
Profit Sharing $489.36 - $13,277
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).
)
$37,614 - $99,231
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 168
Hourly Data $0$37
Hourly Rate $14.75 - $29.15
Overtime $22.92 - $37.57
Annual Data $0$99K
Bonus $486.45 - $15,604
Profit Sharing $489.36 - $13,277
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).
)
$37,614 - $99,231
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 48

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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

Pay by Experience Level for Risk Management Specialist

Pay by Experience for a Risk Management Specialist has a positive trend. An entry-level Risk Management Specialist with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 121 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Management Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $66,000 based on 62 salaries. An experienced Risk Management Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 41 salaries. A Risk Management Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $66,000 based on 13 salaries.

Risk Management Specialist Reviews

Q: What is it like working as a Risk Management Specialist?

Risk Management Specialist in Fort Lauderdale:
"Hectic."
Pros: Opportunity for growth and exposure to learn more.
Cons: Unclear job duties.

Related Job Salaries

Key Stats for Risk Management Specialist

Gender

Female
61 %
Male
39 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.
Less than 1 year
7%
1-4 years
41%
5-9 years
28%
10-19 years
17%
20 years or more
7%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Specialist Salaries

▲20%

▲11%

▲11%

National Average
$60,000

▼13%

Skills That Affect Risk Management Specialist Salaries

Claim Handling
▲7%

Data Analysis
▲5%

▲3%

National Average
$60,000

Risk Management / Risk Control
▼3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
7%
1-4 years
41%
5-9 years
28%
10-19 years
17%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 84%
vision benefits
Vision: 74%
no benefits
None: 7%
ADVERTISEMENT