What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Risk Manager Salary

Pay for Risk Managers in the United States sits in the ballpark of $82K annually. Cash earnings for Risk Managers — which occasionally include more than $25K from bonuses and more than $10K from profit sharing — stretch from around $52K to approximately $135K. Location is the biggest factor affecting pay for this group, followed by career duration. Male Risk Managers are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 51 percent of the field. Medical benefits are awarded to most, and a strong majority earn dental coverage. Most Risk Managers like their work and job satisfaction is high. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Read More
$52,125 - $121,712
(Median)
$52K
$82K
$120K
MEDIAN: $81,680
10%
50%
90%

Add this chart to your site: 640px    300px

$17.98 - $41.41
(Median)
$18
$27
$41
MEDIAN: $26.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$50K$100K$150K
Salary
$52,125 - $121,712  
   
Bonus
$0.00 - $24,770  
Profit Sharing
$227.85 - $10,332  
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).
)
$51,731 - $134,555  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,167
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$25$50$75
Hourly Rate
$17.98 - $41.41  
   
Overtime
$0.00 - $53.36  
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$50K$100K$150K
Bonus
$0.00 - $24,770  
   
Profit Sharing
$227.85 - $10,332  
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).
)
$51,731 - $134,555  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 64

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Risk Manager

A risk manager is someone who is responsible for handling the threats that are directed toward the progress of a business or organization. Risk managers not only protect the company, but they also protect the company's assets, income, employees, reputation, and shareholders. In some companies, risk managers set up procedures and handle the legal risks, and some of them specialize in data risk and technology. Risk managers help to design, implement, oversee, and manage the risk management plan. They coordinate risk management activities in order to prevent or isolate liabilities. Risk managers also review existing safety policies and update them to comply with legislation. They also investigate and troubleshoot individual or organization-wide issues. They must identify trouble before it occurs and communicate their findings to other people within the organization. Risk managers construct their reports according to the needs of their audience. They can report their findings to the board of directors and even the employees. The board of directors' report could be more general and help the members better understand the threats. The employees can receive a report to help them better understand and acknowledge the possible risks that may be created by their job. Risk managers protect the organization from any legal costs, and they can also provide training to company managers on how to stay within proper legal boundaries when running their company. The managers must have a certain level of education and experience in order to do their jobs well. In any company, there are always risks. A risk manager's career is very attainable and is an occupation that will forever be in high demand.


Risk Manager Tasks

  • Review existing safety policies and update them to comply with legislation.
  • Coordinate risk management activities in order to prevent or isolate liabilities.
  • Design, implement, oversee, and manage the risk management plan.
  • Investigate and troubleshoot individual or organization-wide issues.

Common Career Paths for Risk Manager


Add this chart to your site:   640px 640px    300px 300px


Risk Managers often transition into Senior Risk Manager positions, for which compensation tends to be much higher. On average, Senior Risk Managers earn $113K per year.

Risk Manager Job Listings

Jobs by Simply Hired
jobs by Indeed job search

Search for more jobs:

Popular Skills for Risk Manager


Survey participants wield an impressively varied skill set on the job. Lucky workers who know Risk Consulting can expect a significant pay bump, scoring salaries 76 percent above average. Security Risk Management and SQL are also correlated to pay that is above average, with increases between 42 percent and 76 percent. Skills that seem to negatively impact pay include OSHA Compliance, Safety Compliance, and Claim Handling. Most people skilled in Insurance are similarly competent in Claim Handling.

Pay by Experience Level for Risk Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Risk Managers with a lot of experience do not necessarily enjoy more money. Respondents with less than five years' experience take home $71K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $87K. Risk Managers who work for 10 to 20 years in their occupation tend to earn about $95K. Risk Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $98K.

Pay Difference by Location


New York offers some of the highest pay in the country for Risk Managers, 45 percent above the national average. Risk Managers can also look forward to large paychecks in cities like San Francisco (+38 percent), Houston (+32 percent), Boston (+26 percent), and Washington (+26 percent). The lowest-paying market is Tampa, which sits 9 percent below the national average.

Related Job Salaries

 
ADVERTISEMENT
United States (change)

Experience Affects Risk Manager Salaries




National Average
$84,000


Skills That Affect Risk Manager Salaries

Risk Consulting
up arrow 76%

Security Risk Management
up arrow 42%

SQL
up arrow 42%

SAS
up arrow 22%

Financial Analysis
up arrow 22%

Data Analysis
up arrow 12%

Internal Audit
up arrow 7%

Regulatory Compliance
up arrow 4%

Risk Management / Risk Control
up arrow 3%

Project Management
up arrow 2%

National Average
$84,000

Implementation Analyst
up arrow 3%





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 234 votes.

Gender

Female
49 %
Male
51 %

Years of Experience

Less than 1 year
2%
1-4 years
21%
5-9 years
29%
10-19 years
31%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 80%
vision benefits Vision: 68% employee benefits None: 9%
ADVERTISEMENT