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As of August 01, 2026, the average salary for an Assistant Risk Manager in Illinois is $112,264 per year, which breaks down to an hourly rate of $54.
However, an Assistant Risk Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Assistant Risk Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $121,133 | $10,094 | $2,329 | $58 |
| Average | $112,264 | $9,355 | $2,159 | $54 |
| 25th Percentile | $102,893 | $8,574 | $1,979 | $49 |
Arrive Logistics - Chicago, IL
Solutions Driven - Montgomery, IL
Deloitte - Chicago, IL
Kraft Heinz Company - Chicago, IL
An Assistant 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 and company size can directly affect your earning potential.
Experience is a primary driver of an Assistant 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:
| Levels | Salary |
|---|---|
| Risk Anal... Level Assistant Risk Manager | $125,560 |
| Risk Anal... Level Assistant Risk Manager | $159,618 |
| Assistant... Level Assistant Risk Manager | $112,914 |
| Risk Mana... Level Assistant Risk Manager | $133,803 |
| Senior Ri... Level Assistant Risk Manager | $155,615 |
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 Assistant Risk Managers. 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 Assistant Risk Manager roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Business Services sectors offer the strongest compensation, at 20% above the average. In contrast, Assistant Risk Manager positions in Transportation or Software & Networking typically offer lower base pay, as these industries often view Assistant Risk Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $134,716 | $65.0 | 20% |
| Business Services | $134,716 | $65.0 | 20% |
| Construction | $134,716 | $65.0 | 20% |
| Energy & Utilities | $134,716 | $65.0 | 20% |
| Healthcare | $134,716 | $65.0 | 20% |
Understanding how an Assistant 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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $121,133 | $10,094 | $2,329 | $58 |
| Average | $112,264 | $9,355 | $2,159 | $54 |
| 25th Percentile | $102,893 | $8,574 | $1,979 | $49 |
Ready to take the next step in your career? Browse thousands of current Assistant Risk Manager job openings on our job board. Use the search bar below to find your perfect match.
SS&C Technologies Holdings
Chicago, IL
SS&C Technologies Holdings | Chicago, IL
Associate Manager, Risk Operations. Locations: Chicago | NYC | Florida | Hybrid. SS&C, through our partnership with Lighthouse Investment Partners, LLC is ... more
9 Days Ago
Paylocity
Schaumburg, IL
Paylocity | Schaumburg, IL
Job Description. Job Description. Description. Paylocity is an award-winning provider of cloud-based HR and payroll software solutions, offering the most c... more
7 Days Ago
BMO Financial
Chicago, IL
BMO Financial | Chicago, IL
Application Deadline:07/23/2026 Address:320 S Canal Street Job Family Group:Data Analytics & Reporting The Data Scientist / Portfolio Risk Manager provides... more
9 Days Ago
USG Corporation
Chicago, IL
USG Corporation | Chicago, IL
Job Description. Job Description. POSITION SUMMARY. This position is responsible for the Corporation’s real estate function and risk management functions. ... more
8 Days Ago
Dollar General
Springfield, IL
Dollar General | Springfield, IL
Work Where You Matter. At Dollar General, our mission is Serving Others. We value each and every one of our employees. Whether you are looking to launch a ... more
7 Days Ago
Buchheit
Jacksonville, IL
Buchheit | Jacksonville, IL
Assistant Store Manager. Assistant Store Managers are responsible for driving company objectives in profit and loss control, sales performance, customer sa... more
11 Days Ago
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