As of April 01, 2025, the average annual salary for an Insurance Risk Manager in New Jersey is $140,789. Salary.com reports that pay typically ranges from $127,726 to $149,382, with most professionals earning between $115,832 and $157,206.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $149,382 | $12,449 | $2,873 | $72 |
| Average | $140,789 | $11,732 | $2,707 | $68 |
| 25th Percentile | $127,726 | $10,644 | $2,456 | $61 |
An entry-level Insurance Risk Manager with under 1 year experience makes about $135,915. With less than 2 years of experience, a mid-level Insurance Risk Manager makes around $136,499. After 2-4 years, the Insurance Risk Manager pay rises to about $138,449. Those senior Insurance Risk Manager with 5-8 years of experience earn roughly $140,789, and those Insurance Risk Manager having 8 years or more experience are expected to earn about $142,969 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Risk Manager | $135,915 |
| Intermediate Level Insurance Risk Manager | $136,499 |
| Senior Level Insurance Risk Manager | $138,449 |
| Specialist Level Insurance Risk Manager | $140,789 |
| Expert Level Insurance Risk Manager | $142,969 |
| Entry Level | 5% |
| Mid Level | 5% |
| Senior Level | 7% |
| Top Level | 8% |
| Experienced | 10% |
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Insurance Risk Manager salary varies from city to city. Compared with national average salary of Insurance Risk Manager, the highest Insurance Risk Manager salary is in San Francisco, CA, where the Insurance Risk Manager salary is 24.9% above. The lowest Insurance Risk Manager salary is in Miami, FL, where the Insurance Risk Manager salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $162,221 |
24.9%
|
| Washington, DC | $143,815 |
10.7%
|
| Miami, FL | $124,799 |
|
| Chicago, IL | $134,229 |
3.3%
|
| Boston, MA | $144,867 |
11.5%
|
| New York, NY | $150,531 |
15.9%
|
