Risk Management Specialist Salary

The average pay for a Risk Management Specialist is $62,297 per year. A skill in Claim Handling is associated with high pay for this job. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience. Most people move on to other jobs if they have more than 20 years' experience in this career.
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$39,901 - $94,414
$40K
$62K
$94K
MEDIAN: $62,297
10%
50%
90%

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$14.57 - $29.09
$15
$20
$29
MEDIAN: $19.71
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
$39,901 - $94,414  
   
Bonus
$202.03 - $13,786  
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).
)
$34,983 - $96,781  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 161
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
$14.57 - $29.09  
   
Overtime
$26.62  
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
$202.03 - $13,786  
   
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).
)
$34,983 - $96,781  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | 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

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.

Related Job Salaries

Key Stats for Risk Management Specialist

Gender

Female
65 %
Male
35 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.
Less than 1 year
7%
1-4 years
43%
5-9 years
25%
10-19 years
18%
20 years or more
6%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Specialist Salaries

▲24%

▲15%

▲14%

National Average
$58,000

▼10%

Skills That Affect Risk Management Specialist Salaries

Claim Handling
▲11%

Data Analysis
▲9%

▲6%

Risk Management / Risk Control
▼0%

National Average
$58,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
7%
1-4 years
43%
5-9 years
25%
10-19 years
18%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 84%
vision benefits
Vision: 75%
no benefits
None: 7%