Avg. Base Salary (USD)
The average salary for a Risk Manager is $106,859 in 2023
What is the Pay by Experience Level for Risk Managers?
An early career Risk Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $84,458 based on 6 salaries. A mid-career Risk Manager with 5-9 years of experience earns an average total compensation of $105,267 based on 14 salaries. An experienced Risk Manager with …Read more
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 …Read more
FAQs About Risk Managers
What is the highest pay for Risk Managers in Chicago?
Our data indicates that the highest pay for a Risk Manager in Chicago is $151k / year
What is the lowest pay for Risk Managers in Chicago?
Our data indicates that the lowest pay for a Risk Manager in Chicago is $76k / year
How can Risk Managers increase their salary?
Increasing your pay as a Risk Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Risk Manager that oversees more junior Risk Managers, this experience can increase the likelihood to earn more.