The salary of a Risk Manager in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of March 01, 2025, the average annual salary for a Risk Manager in the United States is $129,163. Salary.com reports that pay typically ranges from $115,337 to $144,981, with most professionals earning between $102,749 and $159,382.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $144,981 | $12,082 | $2,788 | $70 |
| Average | $129,163 | $10,764 | $2,484 | $62 |
| 25th Percentile | $115,337 | $9,611 | $2,218 | $55 |
An entry-level Risk Manager with less than 1 year of experience earns about $121,321. With 1-2 years of experience, the average salary increases to $121,896. For 2-4 years of experience, the pay typically rises to $123,238. Senior-level professionals with 5-8 years of experience earn around $124,771, and those with over 8 years of experience can expect an average of $127,641.
| Levels | Salary |
|---|---|
| Entry Level Risk Manager | $121,321 |
| Intermediate Level Risk Manager | $121,896 |
| Senior Level Risk Manager | $123,238 |
| Specialist Level Risk Manager | $124,771 |
| Expert Level Risk Manager | $127,641 |
| Entry Level | 6% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 3% |
| Experienced | 1% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Risk Manager compensation over the past six years. For example, the median salary increased from $117,933 in 2023 to approximately $118,053 in 2024. (For a detailed analysis of Risk Manager salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Risk Manager information for you to search for. Click on search button below to see Risk Manager job openings or enter a new job title here.
Here are companies hiring for Risk Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $129,163 | 67.0% | ||
| Bonus | $11,087 | 5.7% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $10,729 | 5.6% | ||
| 401K/403B | $5,891 | 3.1% | ||
| Disability | $2,805 | 1.5% | ||
| Healthcare | $8,352 | 4.3% | ||
| Pension | $7,574 | 3.9% | ||
| Time Off | $17,262 | 9.0% | ||
| Total Compensation | $192,863 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.1% |
| High School | 6.6% |
| Associates | 6.2% |
| Bachelors | 46.7% |
| Masters | 32.6% |
| Doctorate | 7.8% |
What Am I Worth?
The average annual salary of Risk Manager is $129,163. In case you are finding an easy salary calculator, the average hourly pay of Risk Manager is $62; the average weekly pay of Risk Manager is $2,484; the average monthly pay of Risk Manager is $10,764.
A Risk Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Risk Manager earns the most in San Jose, CA, where the annual salary of a Risk Manager is $162,100.
The highest pay for Risk Manager is $159,382.
The lowest pay for Risk Manager is $102,749.
Risk Manager manages and administers an organization's risk-management programs. Implements policies, procedures, and controls to monitor and minimize the risk exposure of assets. Being a Risk Manager researches internal and external risk factors including economic, market, and regulatory risks that may affect the organization. Routinely evaluates the effectiveness of procedures and collaborates with internal stakeholders to monitor changes in the business environment. Additionally, Risk Manager manages statistical analysis and designing of financial models to predict the risk exposure of an organization's assets. Reviews risk analysis reports to ensure risks are identified and managed effectively. Requires a bachelor's degree. Typically reports to a director. The Risk Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Risk Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
Root Cause Analysis: In science and engineering, root cause analysis (RCA) is a method of problem solving used for identifying the root causes of faults or problems. It is widely used in IT operations, telecommunications, industrial process control, accident analysis (e.g., in aviation, rail transport, or nuclear plants), medicine (for medical diagnosis), healthcare industry (e.g., for epidemiology), etc. RCA can be decomposed into four steps: Identify and describe clearly the problem. Establish a timeline from the normal situation up to the time the problem occurred. Distinguish between the root cause and other causal factors (e.g., using event correlation). Establish a causal graph between the root cause and the problem.RCA generally serves as input to a remediation process whereby corrective actions are taken to prevent the problem from reoccurring. The name of this process varies from one application domain to another.
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