Risk management consultant vs risk management director

The differences between risk management consultants and risk management directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a risk management consultant, becoming a risk management director takes usually requires 4-6 years. Additionally, a risk management director has an average salary of $133,286, which is higher than the $91,520 average annual salary of a risk management consultant.

The top three skills for a risk management consultant include project management, infrastructure and risk assessments. The most important skills for a risk management director are oversight, risk assessments, and governance.

Risk management consultant vs risk management director overview

	Risk Management Consultant	Risk Management Director
Yearly salary	$91,520	$133,286
Hourly rate	$44.00	$64.08
Growth rate	11%	17%
Number of jobs	122,293	80,337
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 61%
Average age	44	43
Years of experience	4	6

What does a risk management consultant do?

A Risk Management Consultant is responsible for identifying potential risks that may affect the company's performance and strategize techniques to mitigate risks. Risk management consultants evaluate the operational processes and ensure adherence to business requirements and regulations. They also identify opportunities that would increase the company's brand image to the market and generate more revenue resources to improve profitability. A Risk Management Consultant facilitates training programs and activities for the employees and implements policies to prevent operational delays and process failures.

What does a risk management director do?

A risk management director is responsible for ensuring the safety and security of all the people, assets, and processes across the organization. Risk management directors facilitate risk management programs to mitigate company risks that may affect the organization's reputation and stability. They coordinate with upper management to identify a strategic approach and strengthen risk management policies. A risk management director must have excellent communication and organizational skills, especially in writing and investigating incident reports and resolving internal escalations immediately and efficiently.

Risk management consultant vs risk management director salary

Risk management consultants and risk management directors have different pay scales, as shown below.

	Risk Management Consultant	Risk Management Director
Average salary	$91,520	$133,286
Salary range	Between $68,000 And $123,000	Between $95,000 And $185,000
Highest paying City	Jersey City, NJ	Washington, DC
Highest paying state	New Jersey	Vermont
Best paying company	Riskmetrics Group Holdings LLC	Conning
Best paying industry	Insurance	Hospitality

Differences between risk management consultant and risk management director education

There are a few differences between a risk management consultant and a risk management director in terms of educational background:

	Risk Management Consultant	Risk Management Director
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Risk management consultant vs risk management director demographics

Here are the differences between risk management consultants' and risk management directors' demographics:

	Risk Management Consultant	Risk Management Director
Average age	44	43
Gender ratio	Male, 66.1% Female, 33.9%	Male, 59.4% Female, 40.6%
Race ratio	Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 14.4% White, 64.5% American Indian and Alaska Native, 0.2%	Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3%
LGBT Percentage	12%	4%

Differences between risk management consultant and risk management director duties and responsibilities

Risk management consultant example responsibilities.

Lead clients in establishing information security policies and procedures to establish SOX compliance.
Analyze and manage implementation of operational and organizational structures and technology architectures in addition to ERP package selection.
Manage a team responsible for designing service-orient application architecture, standards and best practices guidelines, security and data access frameworks.
Conduct data-mining training sessions using SAS for managers and support personnel at major financial institutions.
Correct audit deficiencies to be GAAP compliant.
Develop accurate and reliable financial reports that comply with GAAP.

Risk management director example responsibilities.

Manage budget process and ensure a positive ROI.
Manage all Sarbanes-Oxley, financial, internal and ad-hoc audit activities.
Manage Fujitsu-Siemens relationship for the Americas.
Enhance CRM analytics for managing consumer interactions during multi-channel service transactions.
Manage an establish insurance program, including super vision and oversight of safety management programs.
Manage customer expectations and assist customers and partners in understanding the required project steps and deliverables for a successful CRM implementation.

Risk management consultant vs risk management director skills

Common risk management consultant skills

Project Management, 9%
Infrastructure, 8%
Risk Assessments, 6%
NIST, 5%
Internal Controls, 5%
Healthcare, 5%

Common risk management director skills

Oversight, 11%
Risk Assessments, 8%
Governance, 8%
Risk Management, 7%
Project Management, 5%
Patient Safety, 4%

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Risk Management Consultant
Risk Management Consultant vs Risk Management Director

Updated January 8, 2025

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