The average salary for a Risk Manager is $86,840.
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What Do Risk Managers Do?
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.
Job Satisfaction for Risk Manager
Popular Employer Salaries for Risk Manager
The top respondents for the job title Risk Manager are from the companies Capital One Financial Corp, J.P. Morgan Chase & Co. (JPMCC) and Amazon.com Inc. 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 J.P. Morgan Chase & Co. (JPMCC), earning around $120,942 and $117,916, respectively. Huntington Bancshares Inc pays the lowest at around $79,498. U.S. Bank and Amazon.com Inc also pay on the lower end of the scale, paying $87,150 and $91,295, respectively.
Risk Manager Job Listings
What Are Popular Skills for Risk Managers?
Skills in Risk Management / Risk Control and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include Claim Handling, Regulatory Compliance and Insurance.
What is the Pay by Experience Level for Risk Managers?
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 $64,671 based on 50 salaries. An early career Risk Manager with 1-4 years of experience earns an average total compensation of $75,276 based on 490 salaries. A mid-career Risk Manager with 5-9 years of experience earns an average total compensation of $89,760 based on 481 salaries. An experienced Risk Manager with 10-19 years of experience earns an average total compensation of $94,441 based on 588 salaries. In their late career (20 years and higher), employees earn an average total compensation of $95,172.
Pay Difference by Location
Employees with Risk Manager in their job title in New York, New York earn an average of 27.9% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (12.8% more) and Dallas, Texas (9.1% more). The lowest salaries can be found in Minneapolis, Minnesota (2.8% less) and Atlanta, Georgia (2.2% less).
Years of Experience
This data is based on 1,905 survey responses.