As of July 01, 2026, the average salary for a Risk Management Advisor in Michigan is $122,594 per year, which breaks down to an hourly rate of $59.
However, a Risk Management Advisor's salary can vary significantly. Here’s a look at the typical salary range:
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Risk Management Advisor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $132,564 | $11,047 | $2,549 | $64 |
| Average | $122,594 | $10,216 | $2,358 | $59 |
| 25th Percentile | $114,019 | $9,502 | $2,193 | $55 |
USI Insurance Services - Grand Rapids, MI
Chase - Portage, MI
JPMorgan Chase - Rochester, MI
JPMorgan Chase - Grand Rapids, MI
A Risk Management Advisor'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 Advisor'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 Risk Management Advisor | $79,867 |
| Risk Anal... Level Risk Management Advisor | $97,198 |
| Risk Mana... Level Risk Management Advisor | $123,189 |
| Risk Anal... Level Risk Management Advisor | $156,594 |
| Risk Mana... Level Risk Management Advisor | $110,784 |
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 Advisors. 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 Advisor roles, the industry you choose can affect earning potential by as much as 76% (the gap between the highest and lowest paying industries). Data shows that the Transportation and Telecom sectors offer the strongest compensation, at 38% above the average. In contrast, Risk Management Advisor positions in Aerospace & Defense or Biotechnology typically offer lower base pay, as these industries often view Risk Management Advisor as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Transportation | $169,179 | $81.0 | 38% |
| Telecom | $164,276 | $79.0 | 34% |
| Software & Networking | $159,372 | $77.0 | 30% |
| Retail & Wholesale | $154,468 | $74.0 | 26% |
| Pharmaceuticals | $149,564 | $72.0 | 22% |
Understanding how a Risk Management Advisor'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 | $132,564 | $11,047 | $2,549 | $64 |
| Average | $122,594 | $10,216 | $2,358 | $59 |
| 25th Percentile | $114,019 | $9,502 | $2,193 | $55 |
Ready to take the next step in your career? Browse thousands of current Risk Management Advisor job openings on our job board. Use the search bar below to find your perfect match.
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