The average salary for a Risk Manager is $85,773.
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$56k - $129k
$2k - $25k
$1 - $16k
$0 - $12k
$55k - $143k
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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. The risk manager will also check the facilities to make sure that no hazar…Read more
Risk Manager Tasks
- Design, implement, oversee, and manage the risk management plan.
- Investigate and troubleshoot individual or organization-wide issues.
- Review existing safety policies and update them to comply with legislation.
- Coordinate risk management activities in order to prevent or isolate liabilities.
Popular Employer Salaries for Risk Manager
The top respondents for the job title Risk Manager are from the companies J.P. Morgan Chase & Co. (JPMCC), American Express Co. (AMEX) and Morgan Stanley. Reported salaries are highest at Microsoft Corp where the average pay is $121,656. Other companies that offer high salaries for this role include Capital One Financial Corp and Citibank, earning around $110,000 and $107,500, respectively. Bank of America Corp. (BOFA) pays the lowest at around $95,327. American Express Co. (AMEX) and J.P. Morgan Chase & Co. (JPMCC) also pay on the lower end of the scale, paying $97,534 and $98,649, respectively.
Explore the most common career paths for Risk Manager. Thickness and color of lines indicates how common a path is.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Risk Manager Job Listings
Popular Skills for Risk Manager
Skills in Risk Management / Risk Control and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Claim Handling, Regulatory Compliance and Insurance.
Pay by Experience Level for Risk Manager
An entry-level Risk Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $64,529 based on 180 salaries. An early career Risk Manager with 1-4 years of experience earns an average total compensation of $74,553 based on 583 salaries. A mid-career Risk Manager with 5-9 years of experience earns an average total compensation of $87,908 based on 636 salaries. An experienced Risk Manager with 10-19 years of experience earns an average total compensation of $92,333 based on 699 salaries. In their late career (20 years and higher), employees earn an average total compensation of $93,679.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Risk Manager in their job title in New York, New York earn an average of 24.7% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (20.3% more) and Dallas, Texas (9.0% more). The lowest salaries can be found in Minneapolis, Minnesota (2.9% less) and Atlanta, Georgia (0.4% less).
Years of Experience
This data is based on 2,395 survey responses.
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