Average Risk Manager Salary

$85,773
Avg. SalaryShow Hourly Rate
$9,857
Bonus
$12,000
Commission
$4,429
Profit Sharing
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The average salary for a Risk Manager is $85,773.
10%
$56k
10%
$86k
50%
$129k
90%
90%
MEDIAN $85,773
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United States (change)
Salary
$56k - $129k
Bonus
$2k - $25k
Profit Sharing
$1 - $16k
Commission
$0 - $12k
Total Pay
$55k - $143k

Your Market Worth Over Time

How has your pay changed over time for your market? Find out by taking our salary quiz.

Job Description for Risk Manager

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.
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.

Career Paths

Explore the most common career paths for Risk Manager. Thickness and color of lines indicates how common a path is.
Risk Manager
Director, Risk Management / Risk Control
Senior Risk Manager
Risk Management Director
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.
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.
Entry Level
7.5%
Early Career
24.3%
Mid Career
26.6%
Experienced
29.2%
Late Career
12.4%