This question is about risk manager salaries and risk manager.

Do risk managers make good money?

By Zippia Team - Dec. 17, 2021

Yes, risk managers make good money. On average, they make $121,000 yearly (about $10,110 monthly or $58 hourly).

As most jobs go, factors like location, industry, and experience can determine your exact pay. On the lower end of the salary range, they can make about $86,000, typically for entry-level positions. On the higher end, they can earn more than $171,000.

Some of the top-paying states are New York (average salary: $132,778), New Jersey ($122,929), and Hawaii ($118,213). Some of the top-paying industries have to do with health care (average salary: $129,951), manufacturing ($125,815), and hospitality ($117,748).

As with many jobs, the higher your education, the higher your salary. Those with a master's degree can earn around $134,650 compared to those with a bachelor's degree at $119,661 or those with an associate's degree at $102,100.

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