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Business Risk Consultant Salary in the United States

How much does a Business Risk Consultant make in the United States?

As of September 01, 2026, the average salary for a Business Risk Consultant in the United States is $120,440 per year, which breaks down to an hourly rate of $58.

However, a Business Risk Consultant's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $140,838
  • Majority Range (25th-75th percentile): $112,631 to $131,117
  • Entry-Level (10th percentile): $105,521
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Business Risk Consultant Salaries

A Business Risk Consultant'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, education and company size can directly affect your earning potential.

How Experience Level Affects Business Risk Consultant Salaries?

Experience is a primary driver of a Business Risk Consultant'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:

  • Entry-Level (less than 1 year): $77,570
  • Early Career (1-2 years): $94,389
  • Mid-Level (2-4 years): $119,655
  • Senior-Level (5-8 years): $152,122
  • Expert (over 8 years): $107,603
Levels Salary
Risk Anal... Level Business Risk Consultant$77,570
Risk Anal... Level Business Risk Consultant$94,389
Business ... Level Business Risk Consultant$119,655
Risk Anal... Level Business Risk Consultant$152,122
Risk Mana... Level Business Risk Consultant$107,603
View as Graph

How Do Business Risk Consultant Salaries Vary from State to State?

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 Business Risk Consultants. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $133,351.
  • California: $132,845.
  • Massachusetts: $131,075.

Top Paying Cities for Business Risk Consultants

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:

  • San Jose: $151,911
  • San Francisco: $150,248
  • Oakland: $147,081

What Skills Can Increase a Business Risk Consultant's Salary?

Demanded Skills for the Role:

  • Risk Management (Mentioned in 21.52% Job Postings): Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
  • Trading (Mentioned in 1.68% Job Postings): Trading is the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries.
  • Internal Control (Mentioned in 1.04% Job Postings): Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
Skills Demand Percentage
Risk Management 21.52%
Trading 1.68%
Internal Control 1.04%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Business Risk Consultant's salary.

  • Reinsurance: Can increase your salary by up to 11%.
  • Tableau: Can increase your salary by up to 9%.
  • Trading: Can increase your salary by up to 7%.
Skill Salary Salary % Increase
Reinsurance $133,688
11%
Tableau $131,280
9%
Trading $128,871
7%
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Business Risk Consultant Salary by Industry: Top Paying Sectors

For Business Risk Consultant 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, Business Risk Consultant positions in Aerospace & Defense or Biotechnology typically offer lower base pay, as these industries often view Business Risk Consultant as a support function rather than a direct revenue driver.

The top paying industries for a Business Risk Consultant

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Transportation$166,207$80.038%
Telecom$161,390$78.034%
Software & Networking$156,572$75.030%
Retail & Wholesale$151,754$73.026%
Pharmaceuticals$146,937$71.022%

How Education impacts a Business Risk Consultant's Salary?

Your level of education can impact your salary potential. While many Business Risk Consultants enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Business Risk Consultant with a Bachelor's Degree is between $123,173 and $129,878).

Business Risk Consultant Salaries by Degree Level

Typical Education for Business Risk Consultant
Degree Level % of user with this level of education
No Diploma 1.4%
High School 1.4%
Associates 3.5%
Bachelors 32.6%
Masters 52.5%
Doctorate 8.5%
View as Graph

Business Risk Consultant Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Business Risk Consultant'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.

Last Updated on September 01, 2026
$112,631
Average $120,440/year
$131,117
$9,386
Average $10,037/month
$10,926
$2,166
Average $2,316/week
$2,521
$54
Average $58/hour
$63
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $131,117 $10,926 $2,521 $63
Average $120,440 $10,037 $2,316 $58
25th Percentile $112,631 $9,386 $2,166 $54

Most common benefits for Business Risk Consultant

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Business Risk Consultant

Here are companies hiring for Business Risk Consultant and their salaries, click below for more details.

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FAQ about Business Risk Consultant

1. What industry pays the highest salary for Business Risk Consultant?

The Transportation industry offers the highest average compensation for Business Risk Consultant roles, with salaries approximately 38% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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