As of March 01, 2025, the average annual salary for a Risk Manager in Illinois is $132,878. Salary.com reports that pay typically ranges from $120,360 to $140,989, with most professionals earning between $108,963 and $148,373.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $137,819 | $11,485 | $2,650 | $66 |
| Average | $129,891 | $10,824 | $2,498 | $62 |
| 25th Percentile | $117,654 | $9,805 | $2,263 | $57 |
An entry-level Risk Manager with under 1 year experience makes about $128,207. With less than 2 years of experience, a mid-level Risk Manager makes around $128,768. After 2-4 years, the Risk Manager pay rises to about $130,076. Those senior Risk Manager with 5-8 years of experience earn roughly $131,571, and those Risk Manager having 8 years or more experience are expected to earn about $133,726 on average.
| Levels | Salary |
|---|---|
| Entry Level Risk Manager | $128,207 |
| Intermediate Level Risk Manager | $128,768 |
| Senior Level Risk Manager | $130,076 |
| Specialist Level Risk Manager | $131,571 |
| Expert Level Risk Manager | $133,726 |
| Entry Level | 1% |
| Mid Level | 1% |
| Senior Level | 0% |
| Top Level | 1% |
| Experienced | 3% |
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Risk Manager salary varies from city to city. Compared with national average salary of Risk Manager, the highest Risk Manager salary is in San Francisco, CA, where the Risk Manager salary is 25.0% above. The lowest Risk Manager salary is in Miami, FL, where the Risk Manager salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $162,364 |
25.0%
|
| Washington, DC | $144,569 |
11.3%
|
| Miami, FL | $125,345 |
|
| Chicago, IL | $136,256 |
4.9%
|
| Boston, MA | $145,608 |
12.1%
|
| New York, NY | $151,713 |
16.8%
|
