As of March 01, 2026, the average salary for a Risk Manager in the United States is $130,645 per year, which breaks down to an hourly rate of $63.
However, a Risk Manager's salary can vary significantly. Here’s a look at the typical salary range:
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A Risk Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Risk Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Risk Analyst V | 7-10 years | $155,784 |
| Risk Management Supervisor | 10+ years | $110,248 |
| Risk Manager | 10+ years | $130,645 |
| Senior Risk Manager | 10+ years | $151,991 |
| Risk Management Director | 10+ years | $183,703 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Risk Managers. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Risk Management | 32.63% |
| Economics | 1.2% |
| Business Continuity | 0.77% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Commitment
|
$138,484 |
6%
|
|
Influencing
|
$138,484 |
6%
|
|
Communication Skills
|
$137,177 |
5%
|
|
Accountability
|
$137,177 |
5%
|
|
Partnering
|
$137,177 |
5%
|
|
Operational Risk
|
$137,177 |
5%
|
Your level of education can impact your salary potential. While many Risk Managers enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Risk Manager with a Bachelor's Degree is between $120,938 and $128,296).
Risk Manager Salaries by Degree Level
| 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% |
Understanding how a Risk Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on March 01, 2026Promotions are the fastest way to increase your earnings. As a Risk Manager, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| E-commerce Risk Director | $156,712 | 20% |
| Insurance Risk Senior Manager | $181,247 | 39% |
| Senior Risk Manager | $151,991 | 16% |
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Compensation PlanningHere are companies hiring for Risk Manager and their salaries, click below for more details.
Ready to take the next step in your career? Browse thousands of current Risk Manager job openings on our job board. Use the search bar below to find your perfect match.
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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 $164,783.
The highest pay for Risk Manager is $152,848.
The lowest pay for Risk Manager is $109,980.
Manages and administers an organization's risk-management programs. Implements policies, procedures, and controls to monitor and minimize the risk exposure of assets. 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. 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. 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. 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.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
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