$74,391
Avg. Salary
$25.28
Avg. Hourly Rate

Average additional compensation:

$5,961

Bonus

$3,800

Profit Sharing

$5,000

Commission

What am I worth?
How should I pay?

The average pay for a Risk Management Consultant is $25.28 per hour.

The average pay for a Risk Management Consultant is $74,391 per year.

$17.96
10%
$25.28
50%
$99.79
90%
MEDIAN $25.28
$54k
10%
$74k
50%
$117k
90%
MEDIAN $74,391
$54,340 - $117,214
$54K
$74K
$120K
MEDIAN: $74,391
10%
50%
90%

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$17.96 - $99.79
$18
$25
$100
MEDIAN: $25.28
10%
50%
90%

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$0$127K
Salary $54,340 - $117,214
Bonus $1,434 - $15,437
Profit Sharing $890 - $6,818
Commission $5,000
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).
)
$54,018 - $127,704
  • Country: United States
  • Currency: USD
  • Updated: 17 Feb 2019
  • Individuals Reporting: 586
Hourly Data $0$99
Hourly Rate $17.96 - $99.79
Overtime $35.00
Annual Data $0$127K
Bonus $1,434 - $15,437
Commission $5,000
Profit Sharing $890 - $6,818
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).
)
$54,018 - $127,704
  • Country: United States
  • Currency: USD
  • Updated: 17 Feb 2019
  • Individuals Reporting: 28

Job Description for Risk Management Consultant

Risk management consultants analyze all aspects of the company - including financial, technology, and general business - to determine risk levels and opportunities to mitigate them. This involves working directly with stakeholders to determine standards and policies for analysis, litigation, investigations, and policies. On a day-to-day basis, the job mostly consists of activities such as user profiling, auditing, and collaboration with teams such as security operations. The consultant creates reports and analyses based on research, then presents them to management and stakeholders to determine the best available plan of action.

Read More...
Risk Management Consultant Tasks
  • Identify, analyze, and monitor risk.
  • Create solutions and management strategies for potential clients.
  • Evaluate compliance with state and federal policy.
  • Propose best practice and risk mitigation and management strategies.

Risk Management Consultant Pay By Employer

$0$119K

$83,719

Wells Fargo Bank
24 profiles
$84,848

$66,346

$65,083

Deloitte
10 profiles
$65,241

KPMG, LLP
10 profiles
$67,961

$57,500

Common Career Paths for Risk Management Consultant


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Risk Management Consultant Job Listings

Popular Skills for Risk Management Consultant


Survey participants wield an impressively varied skill set on the job. Most notably, facility with SAS, Data Modeling, and Process Improvement are correlated to pay that is significantly above average, leading to increases of 42 percent, 26 percent, and 19 percent, respectively. Skills that seem to negatively impact pay include Microsoft Excel and IT Risk. Those with knowledge of Risk Consulting tend to be skilled in Risk Management / Risk Control as well.

Pay by Experience Level for Risk Management Consultant

Pay by Experience for a Risk Management Consultant has a positive trend. An entry-level Risk Management Consultant with less than 5 years of experience can expect to earn an average total compensation of $66,000 based on 187 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Management Consultant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $92,000 based on 96 salaries. An experienced Risk Management Consultant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $102,000 based on 72 salaries. A Risk Management Consultant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $122,000 based on 27 salaries.

Pay Difference by Location

21%

13%

-3%

-11%

-18%

National Average: $77,542

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

With a pay rate for Risk Management Consultants that is 32 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Risk Management Consultants can also look forward to large paychecks in cities like Los Angeles (+24 percent), Charlotte (+23 percent), Denver (+15 percent), and San Diego (+13 percent). Boston is the lowest-paying area, 19 percent south of the national average. Below-median salaries also turn up in St. Louis and Atlanta (17 percent lower and 16 percent lower, respectively).

Risk Management Consultant Reviews

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

Risk Management Consultant in Milton:
"Interesting."
Pros: Flexibility and variety
Cons: Bureaucracy and extraordinary amounts of red tape

Risk Management Consultant in Philadelphia:
"Great."
Pros: The atmosphere
Cons: Traffic

Related Job Salaries

Key Stats for Risk Management Consultant

Gender

Female
40 %
Male
60 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 92 votes.
Less than 1 year
11%
1-4 years
40%
5-9 years
21%
10-19 years
19%
20 years or more
10%

Experience Affects Risk Management Consultant Salaries

▲57%

▲31%

▲19%

National Average
$78,000

▼15%

Skills That Affect Risk Management Consultant Salaries

SAS
▲40%

Data Modeling
▲24%

Process Improvement
▲17%

Data Analysis
▲6%

Business Analysis
▲6%




National Average
$78,000


IT Risk
▼19%

Microsoft Excel
▼20%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 92 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
11%
1-4 years
40%
5-9 years
21%
10-19 years
19%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 82%
vision benefits
Vision: 73%
no benefits
None: 10%