Commissions comprise a big part of overall income for Risk Managers. The median take-home amount in this area is around $86K, and on average, slightly less than three-fifths of that final number comes from commissions. Risk Managers can also look forward to large paychecks in cities like New York (+38 percent), Wilmington (+28 percent), Houston (+28 percent), and Atlanta (+24 percent). This snapshot results from replies to PayScale's salary survey.
Read More
$54,112 - $125,587
(Median)
$54K
$83K
$130K
MEDIAN: $83,267
10%
50%
90%

Add this chart to your site: 640px    300px

$18.02 - $43.04
(Median)
$18
$29
$43
MEDIAN: $29.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$50K$100K$150K
Salary
$54,112 - $125,587  
   
Bonus
$1,908 - $25,126  
Profit Sharing
$0.00 - $10,391  
Commission
$49,132  
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).
)
$53,805 - $137,958  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,012
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$50K$100K$150K
Hourly Rate
$18.02 - $43.04  
   
Overtime
$26.54 - $136,113  
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$100M$200M$300M
Bonus
$1,908 - $25,126  
   
Commission
$49,132  
Profit Sharing
$0.00 - $10,391  
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).
)
$53,805 - $137,958  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 48
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Job Description for Risk Manager

A risk manager works directly for a company or provides risk consulting to various companies. The risk manager may deal with financial or material risks. The risk manager will carry out audits and spontaneous checks to make sure that various staff members are adhering to safety rules. The risk manager may also recommend changes to safety policies when necessary, as well as training when widespread problems are detected.

Read More...

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 may progress into high-paying roles like Director of Risk Management, where median compensation is $120K annually. Senior Risk Managers or Risk Management Directors are common next-step roles for Risk Managers moving up in their careers; annual pay for Senior Risk Managers is $28K higher on average, and it's $31K higher for Risk Management Directors.

Risk Manager Job Listings

Search for more jobs:

Popular Employer Salaries for Risk Manager


Risk Managers fill the offices of leading firms Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Citigroup, Inc., Citibank, and American Express Co. (AMEX). Microsoft Corp attracts talent by shelling out the biggest paychecks in the area — the median in that office is $128K.

Bringing up the rear, Bank of America Corp. (BOFA)'s median pay of $102K is the lowest in town; however, employee salaries widely range, with some making up to $137K.

Popular Skills for Risk Manager


Survey takers working as Risk Managers report using a large range of professional skills. Most notably, facility with SQL, SAS, and Data Analysis are correlated to pay that is significantly above average, leading to increases of 36 percent, 28 percent, and 17 percent, respectively. Skills that seem to negatively impact pay include OSHA Compliance, Safety Compliance, and Implementation Analyst. The majority of those who know Insurance also know Claim Handling.

Pay by Experience Level for Risk Manager

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


Relatively untried employees who have less than five years' experience make $70K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $87K. Risk Managers with one to two decades of relevant experience report an average salary of approximately $97K. Survey participants with more than twenty years of experience only make around $96K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Pay Difference by Location

National Average: $86,136

Larger city markers indicate a job is popular in that location.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Experience Affects Risk Manager Salaries




National Average
$86,000


Skills That Affect Risk Manager Salaries

SQL
up arrow 36%

SAS
up arrow 28%

Data Analysis
up arrow 17%

Risk Consulting
up arrow 16%


Internal Audit
up arrow 4%

Risk Management / Risk Control
up arrow 1%

Project Management
up arrow 1%

National Average
$86,000

Microsoft Excel
up arrow 1%


up arrow 10%





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 149 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
3%
1-4 years
22%
5-9 years
24%
10-19 years
34%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 78%
medical benefits
Vision: 68%
dental benefits
None: 9%
ADVERTISEMENT