$63,452
Avg. Salary
$20.49
Avg. Hourly Rate

Average additional compensation:

$4,501

Bonus

$2,199

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Risk Management Specialist is $20.49 per hour.

The average pay for a Risk Management Specialist is $63,452 per year.

10%
$15.10
10%
$20.49
50%
$30.67
90%
90%
MEDIAN $20.49
10%
$40k
10%
$63k
50%
$98k
90%
90%
MEDIAN $63,452
$40,152 - $97,738
$40K
$63K
$98K
MEDIAN: $63,452
10%
50%
90%

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$15.10 - $30.67
$15
$20
$31
MEDIAN: $20.49
10%
50%
90%

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$0$98K
Salary $40,152 - $97,738
Bonus $201 - $14,274
Profit Sharing $515 - $33,724
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).
)
$38,035 - $98,840
  • Country: United States
  • Currency: USD
  • Updated: 21 Mar 2019
  • Individuals Reporting: 292
Hourly Data $0$37
Hourly Rate $15.10 - $30.67
Overtime $23.08 - $37.81
Annual Data $0$98K
Bonus $201 - $14,274
Profit Sharing $515 - $33,724
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).
)
$38,035 - $98,840
  • Country: United States
  • Currency: USD
  • Updated: 21 Mar 2019
  • Individuals Reporting: 90

Job Description for Risk Management Specialist

Risk management specialists work to minimize many forms of risks to their companies' financial standings, and may focus on areas such as safety or material loss. In any case, they must develop comprehensive plans for risk management and direct them for implementation.

Read More...
Risk Management Specialist Tasks
  • Conduct statistical and in-person analyses to identify and categorize risk and potential risk.
  • Assist in developing risk mitigation strategies and implementing them.
  • 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.

Common Career Paths for Risk Management Specialist


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Risk Management Specialist Job Listings

Pay by Experience Level for Risk Management Specialist

Pay by Experience for a Risk Management Specialist has a positive trend. An entry-level Risk Management Specialist with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 121 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Management Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $66,000 based on 62 salaries. An experienced Risk Management Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 41 salaries. A Risk Management Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $66,000 based on 13 salaries.

Risk Management Specialist Reviews

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

Risk Management Specialist in Houston:
"Lot of work."
Pros: Helping people
Cons: politics

Risk Management Specialist in Sumterville:
"Peaceful."
Pros: No traffic for my commute.
Cons: Distance from my home

Risk Management Specialist in McLean:
"Cpa with big four experiece."
Understand the business process u are supporting.

Risk Management Specialist in Fort Lauderdale:
"Hectic."
Pros: Opportunity for growth and exposure to learn more.
Cons: Unclear job duties.

Related Job Salaries

Key Stats for Risk Management Specialist

Gender

Female
65 %
Male
35 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.
Less than 1 year
6%
1-4 years
42%
5-9 years
25%
10-19 years
19%
20 years or more
8%

Experience Affects Risk Management Specialist Salaries

▲20%

▲12%

▲11%

National Average
$60,000

▼13%

Skills That Affect Risk Management Specialist Salaries

Claim Handling
▲8%

Data Analysis
▲6%

▲3%

National Average
$60,000

Risk Management / Risk Control
▼3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
6%
1-4 years
42%
5-9 years
25%
10-19 years
19%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 82%
vision benefits
Vision: 75%
no benefits
None: 9%