upper level job

How much does a Risk Manager make?

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.

Risk Manager Salaries by Percentile
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

Average Salary

25% $115,337 10% $102,749 90% $159,382 75% $144,981 $129,163 50%(Median) Didn’t find job title? Click
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How much does a Risk Manager make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Risk Manager salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Risk Manager hourly pay, weekly pay, monthly pay and so on.

Last Updated on March 01, 2025
Last Updated on March 01, 2025

How Does Experience Level Affect a Risk Manager's Salary?

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
$121,321 0 yr
$121,896 < 2 yrs
$123,238 2-4 yrs
$124,771 5-8 yrs
$127,641 > 8 yrs
Last Updated on March 01, 2025
Entry Level 6%
Mid Level 6%
Senior Level 5%
Top Level 3%
Experienced 1%
View as graph
Last Updated on March 01, 2025

How much does salary of Risk Manager vary from city to city?

Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.

For example, as of March 01, 2025:
  • In San Francisco, CA, the average yearly salary for a Risk Manager is $161,454.
  • In New York, NY, the average annual salary is $150,863.
  • In Boston, MA, a Risk Manager earns $144,792 per year.

What is the salary trend of Risk Manager?

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.

Average Annual Salary of Risk Manager Over Time

2020
$???
2021
$???
2022
$???
$117,933
2023
$118,053
2024
$117,300
2025
2026
$???
Last Updated on March 01, 2025
2020
$???
2021
$???
2022
$???
2023
$117,933
2024
$118,053
2025
$117,300
2026
$???
Last Updated on March 01, 2025

Risk Manager Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $117,933
2024 $118,053
2025 $117,300
2026 View More
Last Updated on March 01, 2025

Job Openings of Risk Manager

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.

Based on HR-reported data: a national average with a geographic differential
Base Salary 67.0%
Bonuses 5.7%
Social Security 5.6%
401k/403b 3.1%
Disability 1.5%
Healthcare 4.3%
Pension 3.9%
Time Off 9.0%
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%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on March 01, 2025

What are the salaries of a Risk Manager with different levels of education?

Salaries for Risk Manager with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Risk Manager with a Bachelor's Degree is $120,938 - $128,296. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Risk Manager Salaries by Degree Level

Last Updated on March 01, 2025
Typical Education for Risk Manager
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%
Typical Education for Risk Manager
No Diploma 0.1%
High School 6.6%
Associates 6.2%
Bachelors 46.7%
Masters 32.6%
Doctorate 7.8%
view as table

Risk Manager Salaries by Degree Level

Last Updated on March 01, 2025

What Am I Worth?

FAQ about Risk Manager

1. What is the average salary of a Risk Manager?

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.

2. Where can a Risk Manager earn the most?

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.

3. What is the highest pay for Risk Manager?

The highest pay for Risk Manager is $159,382.

4. What is the lowest pay for Risk Manager?

The lowest pay for Risk Manager is $102,749.

5. What are the responsibilities of Risk Manager?

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.

6. What are the skills of Risk Manager

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.

1.)

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.

2.)

Accounting: Creating financial statements and reports based on the summary of financial and business transactions.

3.)

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.

About Our Data

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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The average salary for a Risk Manager is $129,163 per year in the United States, updated at March 01, 2025.
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