Risk Management Specialist Salary (United States)

For Risk Management Specialists, commissions account for a significant portion of income and add up to around three in five of their $49,977 annual pay. Pay starts at $34,064 and can approach $91,537 per year on the higher side. Location and tenure each impact pay for this group, with the former having the largest influence. A solid majority report receiving medical coverage from their employers and most collect dental insurance. Men are solidly outnumbered in the field, with women representing 71 percent of workers. Job satisfaction is high and work is enjoyable for most Risk Management Specialists. This report is based on responses to the PayScale salary survey.
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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Location:
United States (change)
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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 is not a major factor in determining pay, and incremental pay growth is standard. After five to 10 years, compensation can go from $48K to $53K. After 10 to 20 years, compensation comes in at $63K. Once they've gotten two decades of experience under their belts, Risk Management Specialists encounter slower salary growth; at this point, they earn $67K annually. Experienced employees who have 10-20 years of experience make up about one in five of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining less than five percent. One to nine years of experience is standard for most employees in this area; most of respondents fit between this range.

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). With compensation 8 percent below the national average, Houston is not known for hefty paychecks and actually represents the lowest-paying market.

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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