The average salary for a Risk Management Consultant is $75,779.
Risk Management Consultant by
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What Do Risk Management Consultants Do?
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 r…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.
Job Satisfaction for Risk Management Consultant
Popular Employer Salaries for Risk Management Consultant
The top respondents for the job title Risk Management Consultant are from the companies Wells Fargo & Co., Wells Fargo Bank and Deloitte & Touche LLP. Reported salaries are highest at Wells Fargo Bank where the average pay is $85,606. Other companies that offer high salaries for this role include Wells Fargo & Co. and KPMG, LLP, earning around $82,562 and $74,000, respectively. Protiviti Incorporated pays the lowest at around $62,145. Deloitte and Crowe, Chizek and Company LLP also pay on the lower end of the scale, paying $64,131 and $64,921, respectively.
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Risk Management Consultant
Director, Risk Management / Risk Control
Somewhat common (8 - 20%)
Risk Management Consultant Job Listings
What Are Popular Skills for Risk Management Consultants?
Skills in Risk Management / Risk Control, Project Management and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include Regulatory Compliance and Risk Consulting.
What is the Pay by Experience Level for Risk Management Consultants?
An entry-level Risk Management Consultant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $63,637 based on 67 salaries. An early career Risk Management Consultant with 1-4 years of experience earns an average total compensation of $69,736 based on 231 salaries. A mid-career Risk Management Consultant with 5-9 years of experience earns an average total compensation of $88,245 based on 134 salaries. An experienced Risk Management Consultant with 10-19 years of experience earns an average total compensation of $94,512 based on 101 salaries. In their late career (20 years and higher), employees earn an average total compensation of $113,563.
Pay Difference by Location
Employees with Risk Management Consultant in their job title in San Francisco, California earn an average of 11.8% more than the national average. These job titles also find higher than average salaries in Minneapolis, Minnesota (11.5% more) and Charlotte, North Carolina (8.6% more). The lowest salaries can be found in Chicago, Illinois (6.7% less) and Atlanta, Georgia (1.7% less).
Years of Experience
This data is based on 584 survey responses.