How Much Does a Risk Management Advisor Make in Michigan?

Updated March 26, 2024
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Individually reported data submitted by users of our website

Normal Confidence
$123,249/yr
Average Base Pay
Low $111,360
Average $123,249
High $135,396
The average salary for Risk Management Advisor is $123,249 per year in Michigan.

Related Job Titles to Risk Management Advisor

Risk Advisor
$76,860
Michigan
Per Year
Risk Management Director
$184,490
Michigan
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Wealth Management Advisor IV
$105,970
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Wealth Management Advisor III
$85,880
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Similar Job Salaries to Risk Management Advisor by Company

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Company average base salary in (usd) range
ACRISURE
Risk advisor
$101,419/yr
$88,679
$114,158
RANGE: $88,679 - $114,158
StoneCrest Center
Risk Manager - Risk Management
$138,509/yr
$119,433
$157,584
RANGE: $119,433 - $157,584
HNI Risk Services
Risk Advisor (Midwest Platform)
$114,045/yr
$96,941
$131,148
RANGE: $96,941 - $131,148
Central Michigan University
MANAGER/RISK MANAGEMENT
$125,713/yr
$108,273
$143,153
RANGE: $108,273 - $143,153
Comerica Bank
Operational Risk Management Lead
$131,366/yr
$111,906
$150,826
RANGE: $111,906 - $150,826
VERITA TELECOMMUNICATIONS
Risk Management Specialist
$78,166/yr
$65,605
$90,727
RANGE: $65,605 - $90,727
Cintel Inc
Quality Risk Management Specialist
$142,395/yr
$123,395
$161,394
RANGE: $123,395 - $161,394
Capco
Risk Management PMO
$137,535/yr
$119,700
$155,371
RANGE: $119,700 - $155,371

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Top 10 Highest Paying Cities For Risk Management Advisor Jobs in Michigan

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 Michigan. 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 Michigan. Ann Arbor takes first place in this list, followed by Canton, Novi. The Risk Management Advisor salary is $128,119 in Ann Arbor, which is higher than the national average. There are 18 cities' Risk Management Advisor salary higher than national average in Michigan.
The average salary for a Risk Management Advisor in Michigan is $123,249, but we found that the city with the highest salary for Risk Management Advisor jobs is Ann Arbor, MI, and it is higher than Canton. Risk Management Advisor jobs in Ann Arbor can have the opportunity to earn higher salaries than in other cities in Michigan.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Ann Arbor $128,119 $10,677 $2,464 $62
Canton $127,870 $10,656 $2,459 $61
Novi $127,495 $10,625 $2,452 $61
Westland $126,496 $10,541 $2,433 $61
West Bloomfield $125,997 $10,500 $2,423 $61
Detroit $125,872 $10,489 $2,421 $61
Warren $125,872 $10,489 $2,421 $61
Dearborn $125,872 $10,489 $2,421 $61
Waterford $125,872 $10,489 $2,421 $61
Dearborn Heights $125,747 $10,479 $2,418 $60

What Does a Risk Management Advisor Do?

In a financial institution, enterprise risk management is normally thought of as the combination of credit risk.
Updated December 05, 2021
Discovering and listing your various business risk is arguably the most critical step in the risk management process.
Updated December 01, 2021
Some of them may involve trade-offs that are not acceptable to the organization or person making the risk management decisions.
Updated October 20, 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

Frequently Asked Questions About a Risk Management Advisor Salaries

What is the average of a Risk Management Advisor in Michigan?

The Risk Management Advisor salary range is from $111,360 to $135,396, and the average Risk Management Advisor salary is $123,249/year in Michigan. 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 $156,715 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.