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As of August 01, 2026, the average salary for a Third Party Risk Manager in Illinois is $135,650 per year, which breaks down to an hourly rate of $65.
However, a Third Party Risk Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Third Party Risk Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $146,991 | $12,249 | $2,827 | $71 |
| Average | $135,650 | $11,304 | $2,609 | $65 |
| 25th Percentile | $123,707 | $10,309 | $2,379 | $59 |
Old National Bancorp - Chicago, IL
CME Group - Chicago, IL
Above Lending - Chicago, IL
Kaiser Permanente - COUNTRY PARK ACRES, NC
A Third Party 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 a Third Party 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 Third Party Risk Manager | $162,811 |
| Risk Mana... Level Third Party Risk Manager | $115,173 |
| Third Par... Level Third Party Risk Manager | $136,479 |
| Senior Ri... Level Third Party Risk Manager | $158,728 |
| Risk Mana... Level Third Party Risk Manager | $191,868 |
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 Third Party 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 Third Party Risk Manager 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, Third Party Risk Manager positions in Biotechnology or Chemicals typically offer lower base pay, as these industries often view Third Party 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 | $176,346 | $85.0 | 30% |
| Business Services | $155,998 | $75.0 | 15% |
| Construction | $149,216 | $72.0 | 10% |
| Retail & Wholesale | $146,503 | $70.0 | 8% |
| Energy & Utilities | $145,146 | $70.0 | 7% |
Understanding how a Third Party 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 | $146,991 | $12,249 | $2,827 | $71 |
| Average | $135,650 | $11,304 | $2,609 | $65 |
| 25th Percentile | $123,707 | $10,309 | $2,379 | $59 |
Ready to take the next step in your career? Browse thousands of current Third Party Risk Manager job openings on our job board. Use the search bar below to find your perfect match.
BJC HealthCare
FAIRVIEW HEIGHTS, IL
BJC HealthCare | FAIRVIEW HEIGHTS, IL
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MANCHESTER, MO
BJC HealthCare
MANCHESTER, MO
BJC HealthCare | MANCHESTER, MO
Additional Information About the Role Our High-Risk Cardiology unit is vital to the flow of patients being admitted from the ED, CCU, admitting, procedural... more
6 Days Ago
BJC Healthcare
MANCHESTER, MO
BJC Healthcare | MANCHESTER, MO
Additional Information About the Role Our unit is vital to the flow of patients needing to be admitted from ED, CCU, admitting, procedure areas and other h... more
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BJC HealthCare
FAIRVIEW HEIGHTS, IL
BJC HealthCare | FAIRVIEW HEIGHTS, IL
Additional Information About the Role Unit - High Risk Cardiac (2NE) at Memorial Hospital in Belleville Full Time, Nights Up to $7,500 Sign-On Bonus Compet... more
6 Days Ago
BJC Healthcare
FAIRVIEW HEIGHTS, IL
BJC Healthcare | FAIRVIEW HEIGHTS, IL
Additional Information About the Role Unit - High Risk Cardiac (2NE) at Memorial Hospital in Belleville Part Time, Days Up to $7,500 Sign-On Bonus Competit... more
6 Days Ago
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