Risk Management Advisor Salaries in Illinois
How Much Does a Risk Management Advisor Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Risk Management Advisor in Illinois is $131,608.
While Salary.com is seeing that Risk Management Advisor salary in IL can go up to $155,692
or down to $106,047, but most earn between $118,229 and $144,215.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Risk Management Advisor
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Similar Job Salaries to Risk Management Advisor by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Árachas Group
Risk Management Advisor
|
$104,545/yr
|
RANGE: $92,840 - $116,250
|
|
farmersbusinessnetwork
Senior Risk Management Advisor
|
$112,577/yr
|
RANGE: $100,013 - $125,141
|
|
farmersbusinessnetwork
Risk Management Advisor
|
$102,422/yr
|
RANGE: $93,617 - $111,227
|
|
Early Warning
Strategic Risk Advisor - Transformation
|
$112,924/yr
|
RANGE: $101,162 - $124,685
|
|
COMMUNITY HEALTH PARTNERSHIP OF ILLINOIS
Director of Quality and Risk Management
|
$210,457/yr
|
RANGE: $190,408 - $230,506
|
|
Morris Hospital
Risk Management Lead
|
$124,774/yr
|
RANGE: $113,106 - $136,443
|
|
Saint Mary of Nazareth Hospital
Risk Management Manager
|
$103,110/yr
|
RANGE: $93,904 - $112,316
|
|
GRETEL
Risk Management Specialist
|
$88,546/yr
|
RANGE: $80,247 - $96,846
|
|
AMLI Management Company
Manager, Legal and Risk Management
|
$149,237/yr
|
RANGE: $133,767 - $164,707
|
|
Sonsoft Inc
Risk Management with Hyperion Essbase)
|
$91,056/yr
|
RANGE: $82,587 - $99,526
|
Top 10 Highest Paying Cities For Risk Management Advisor Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Risk Management Advisor can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Risk Management Advisor job salaries in Illinois.
Some cities can pay higher salaries for Risk Management Advisor jobs, which can indicate that there is a large demand for Risk Management Advisor positions in this city.
The following table shows top 10 cities where the Risk Management Advisor salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Risk Management Advisor salary is $133,429 in Chicago,
which is higher than the national average. There are 20 cities' Risk Management Advisor salary higher than national average in Illinois.
The average salary for a Risk Management Advisor in Illinois is $131,608,
but we found that the city with the highest salary for Risk Management Advisor jobs is Chicago, IL, and it is higher than Cicero.
Risk Management Advisor jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $133,429 | $11,119 | $2,566 | $64 |
| Cicero | $133,429 | $11,119 | $2,566 | $64 |
| Oak Park | $133,429 | $11,119 | $2,566 | $64 |
| Evanston | $133,377 | $11,115 | $2,565 | $64 |
| Skokie | $133,377 | $11,115 | $2,565 | $64 |
| Oak Lawn | $133,274 | $11,106 | $2,563 | $64 |
| Des Plaines | $133,067 | $11,089 | $2,559 | $64 |
| Mount Prospect | $132,964 | $11,080 | $2,557 | $64 |
| Aurora | $132,396 | $11,033 | $2,546 | $64 |
| Hoffman Estates | $132,280 | $11,023 | $2,544 | $64 |
What Does a Risk Management Advisor Do?
Is a complex cross-disciplinary academic field that is part of risk management and related to fields like.
Updated November 05, 2021
“Each of these concepts connects to the other and understanding the accounting impact is really the starting point for building a good currency risk management program,” Braun says.
Updated December 19, 2021
– Risk sources may be internal or external to the system that is the target of risk management (use mitigation instead of management since by its own definition risk deals with factors of decision-making that cannot be managed).
Updated December 16, 2021
Here we also discuss the introduction and techniques of credit risk management along with advantages and disadvantages.
Updated December 13, 2021
If you are interested in talking with a risk management consultant to help manage your business risks.
Updated December 13, 2021
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Explore JobArchitectFrequently Asked Questions About a Risk Management Advisor Salaries
What is the average of a Risk Management Advisor in Illinois?
The Risk Management Advisor salary range is from $118,229 to $144,215, and the average Risk Management Advisor salary is $131,608/year in Illinois.
The Risk Management Advisor's salary will change in different locations.
Which location pays the highest Risk Management Advisor salary in the United States?
The Risk Management Advisor salary in San Jose, CA is $162,854
which is the highest in the US.
What kinds of reasons will influence the Risk Management Advisor's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Risk Management Advisor.
What is the growth rate of the Risk Management Advisor's salary?
If you are thinking of becoming a Risk Management Advisor or planning the next step in your career, find the detailed salary report of a Risk Management Advisor.
