Know your market value with insights across roles — from individual contributors to executive pay and overall company compensation trends.
Access a suite of powerful calculators to make data-driven career decisions.
Automate pay cycles, manage job architectures, and ensure pay equity with AI-powered compensation platforms.
Access validated salary benchmarks, labor market trends, and minimum wage data to stay competitive.
Participate in and purchase industry-specific salary surveys to obtain the most accurate, peer-reported pay data.
As of August 01, 2026, the average salary for a Risk Management Professional in Minnesota is $83,476 per year, which breaks down to an hourly rate of $40.
However, a Risk Management Professional's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
AI Onboarding
AI-Powered HR
Risk Management Professional Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $92,482 | $7,707 | $1,778 | $44 |
| Average | $83,476 | $6,956 | $1,605 | $40 |
| 25th Percentile | $73,759 | $6,147 | $1,418 | $35 |
Minnesota Jobs - Saint Paul, MN
Atmosphere Commercial Interiors - Minneapolis, MN
New York Life (Minnesota) - Minneapolis, MN
Cottingham & Butler - Minneapolis, MN
A Risk Management Professional'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 and company size can directly affect your earning potential.
Experience is a primary driver of a Risk Management Professional'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:
| Levels | Salary |
|---|---|
| Banking O... Level Risk Management Professional | $65,865 |
| Banking O... Level Risk Management Professional | $64,394 |
| Banking O... Level Risk Management Professional | $73,650 |
| Risk Mana... Level Risk Management Professional | $85,501 |
| Banking O... Level Risk Management Professional | $134,286 |
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 Management Professionals. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Risk Management Professional roles, the industry you choose can affect earning potential by as much as 35% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Insurance sectors offer the strongest compensation, at 20% above the average. In contrast, Risk Management Professional positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Risk Management Professional as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $100,172 | $48.0 | 20% |
| Insurance | $91,824 | $44.0 | 10% |
Understanding how a Risk Management Professional'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $92,482 | $7,707 | $1,778 | $44 |
| Average | $83,476 | $6,956 | $1,605 | $40 |
| 25th Percentile | $73,759 | $6,147 | $1,418 | $35 |
Ready to take the next step in your career? Browse thousands of current Risk Management Professional job openings on our job board. Use the search bar below to find your perfect match.
Cottingham & Butler
Edina, MN
Cottingham & Butler | Edina, MN
Job Description. Job Description. We are seeking an experienced Risk Management Insurance Broker with at least 3 years' experience of B2B sales in the P&C ... more
8 Days Ago
Avera Health
MITCHELL, SD
Avera Health | MITCHELL, SD
Location: Avera Queen of Peace Hospital Worker Type: Regular Work Shift: Day Shift (United States of America) Position Highlights You Belong at Avera Be pa... more
5 Days Ago
Kaiser Permanente
WAKE ISLAND, HI
Kaiser Permanente | WAKE ISLAND, HI
Job Summary: Work as part of a team in the Crisis and Triage Advice Line to provide telephonic triage, screening and crisis intervention for members seekin... more
5 Days Ago
Baptist Health
LITTLE ROCK, AR
Baptist Health | LITTLE ROCK, AR
Job Description. Department: Patient Fin. Services\n. \n. \nShift: Day\n. \n. \nWorking Hours: 80\n. \n. \nSummary:\n. \nThe Contract Management Analyst wo... more
14 Days Ago
Baptist Health
NORTH LITTLE ROCK, AR
Baptist Health | NORTH LITTLE ROCK, AR
Job Description. Department: Patient Fin. Services\n. \n. \nShift: Day\n. \n. \nWorking Hours: 80\n. \n. \nSummary:\n. \nThe Contract Management Analyst wo... more
24 Days Ago
Baptist Health
GRAVEL RIDGE, AR
Baptist Health | GRAVEL RIDGE, AR
Job Description. Department: Patient Fin. Services\n. \n. \nShift: Day\n. \n. \nWorking Hours: 80\n. \n. \nSummary:\n. \nThe Contract Management Analyst wo... more
24 Days Ago
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.
Explore Cost of Living CalculatorSalary.com experts will help you thrive your workplaces.
Salary.com provides salary survey data for thousands of industry Jobs.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary.com's CompAnalyst platform offers:
