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As of September 01, 2026, the average salary for a Manager, Risk Management in Illinois is $137,978 per year, which breaks down to an hourly rate of $66.
However, a Manager, Risk Management's salary can vary significantly. Here’s a look at the typical salary range:
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Manager, Risk Management Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $150,352 | $12,529 | $2,891 | $72 |
| Average | $137,978 | $11,498 | $2,653 | $66 |
| 25th Percentile | $126,910 | $10,576 | $2,441 | $61 |
J.P. Morgan - Chicago, IL
Equity LifeStyle Properties - Chicago, IL
DMG MORI - Hoffman Estates, IL
COMMUNITY HEALTH PARTNERSHIP OF ILLINOIS - Chicago, IL
A Manager, Risk Management'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 Manager, Risk Management'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 |
|---|---|
| Risk Anal... Level Manager, Risk Management | $163,527 |
| Risk Mana... Level Manager, Risk Management | $115,670 |
| Manager, ... Level Manager, Risk Management | $137,067 |
| Senior Ri... Level Manager, Risk Management | $159,401 |
| Risk Mana... Level Manager, Risk Management | $192,687 |
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 Manager, Risk Managements. 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 Manager, Risk Management roles, the industry you choose can affect earning potential by as much as 52% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Business Services sectors offer the strongest compensation, at 30% above the average. In contrast, Manager, Risk Management positions in Biotechnology or Chemicals typically offer lower base pay, as these industries often view Manager, Risk Management as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $179,371 | $86.0 | 30% |
| Business Services | $158,674 | $76.0 | 15% |
| Construction | $151,775 | $73.0 | 10% |
| Retail & Wholesale | $149,016 | $72.0 | 8% |
| Energy & Utilities | $147,636 | $71.0 | 7% |
Understanding how a Manager, Risk Management'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 | $150,352 | $12,529 | $2,891 | $72 |
| Average | $137,978 | $11,498 | $2,653 | $66 |
| 25th Percentile | $126,910 | $10,576 | $2,441 | $61 |
Ready to take the next step in your career? Browse thousands of current Manager, Risk Management job openings on our job board. Use the search bar below to find your perfect match.
Blue Owl
Chicago, IL
Blue Owl | Chicago, IL
Risk Management Professional. Blue Owl is a leading asset manager that is redefining alternatives. With over $319 billion in assets under management as of ... more
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DTI (Diversified Technology Inc.)
Chicago, IL
DTI (Diversified Technology Inc.) | Chicago, IL
DTI has an immediate need for a Remote - ServiceNow Business Analyst ServiceNow Developer ServiceNow ArchitectResponsibilities :Updates and develops annota... more
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Confidential
Chicago, IL
Confidential | Chicago, IL
Vice President, Operational Risk Management. About the Company. Ambitious credit asset management firm. Industry. Financial Services. Type. Privately Held,... more
6 Days Ago
AbbVie
North Chicago, IL
AbbVie | North Chicago, IL
Job Description. Job Description. Company Description. About AbbVie. AbbVie's mission is to discover and deliver innovative medicines and solutions that so... more
8 Days Ago
Imperium Commodity Search
Chicago, IL
Imperium Commodity Search | Chicago, IL
Agricultural & Soft Commodity Hedging Broker – Futures & Options (US). Location. United States. Compensation. $100–200K Draw + Commission. Imperium Commodi... more
6 Days Ago
Confidential
Chicago, IL
Confidential | Chicago, IL
Vice President, Operational Enterprise Risk Management. About the Company. Prominent investment firm with a diverse portfolio of business interests. Indust... more
8 Days Ago
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