Working as a Risk Management Specialist

There is more than meets the eye when it comes to being a risk management specialist. For example, did you know that they make an average of $35.97 an hour? That's $74,820 a year!

What Does a Risk Management Specialist Do

There are certain skills that many risk management specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, math skills and writing skills.

When it comes to the most important skills required to be a risk management specialist, we found that a lot of resumes listed 18.1% of risk management specialists included procedures, while 6.4% of resumes included risk management, and 5.1% of resumes included powerpoint. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the risk management specialist job title. But what industry to start with? Most risk management specialists actually find jobs in the finance and health care industries.

How To Become a Risk Management Specialist

If you're interested in becoming a risk management specialist, one of the first things to consider is how much education you need. We've determined that 45.1% of risk management specialists have a bachelor's degree. In terms of higher education levels, we found that 24.6% of risk management specialists have master's degrees. Even though most risk management specialists have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a risk management specialist. When we researched the most common majors for a risk management specialist, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on risk management specialist resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a risk management specialist. In fact, many risk management specialist jobs require experience in a role such as customer service representative. Meanwhile, many risk management specialists also have previous career experience in roles such as administrative assistant or manager.

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Average Salary$74,820
Job Growth Rate%

Risk Management Specialist Jobs

Risk Management Specialist Career Paths

Top Careers Before Risk Management Specialist
Manager5.9 %
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Top Careers After Risk Management Specialist
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Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Risk Management Specialist

Risk Management Specialists in America make an average salary of $74,820 per year or $36 per hour. The top 10 percent makes over $106,000 per year, while the bottom 10 percent under $52,000 per year.
Average Salary
$74,820

Best Paying Cities

City
Average Salary

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Risk Management and Safety Professional (0023)
Risk Management and Safety Professional (0023)
Southwest Florida Water Management District
Southwest Florida Water Management District
07/22/2020
07/22/2020
$64,00007/22/2020
$64,000
Risk Management Specialist
Risk Management Specialist
Risk Management Agency
Risk Management Agency
06/19/2020
06/19/2020
$92,15906/19/2020
$92,159
Risk Management Specialist
Risk Management Specialist
Risk Management Agency
Risk Management Agency
05/25/2020
05/25/2020
$64,00905/25/2020
$64,009
Supervisory Risk Management Specialist
Supervisory Risk Management Specialist
Risk Management Agency
Risk Management Agency
05/25/2020
05/25/2020
$108,90405/25/2020
$108,904
Human Resources/Risk Management Specialist
Human Resources/Risk Management Specialist
Minnesota City Jobs
Minnesota City Jobs
05/17/2020
05/17/2020
$75,85705/17/2020
$75,857
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Risk Management Specialist Demographics

Gender

Female

52.9 %

Male

42.5 %

Unknown

4.6 %
Ethnicity

White

60.9 %

Hispanic or Latino

15.6 %

Black or African American

11.2 %
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Foreign Languages Spoken

Spanish

50.0 %

Chinese

10.0 %

Mandarin

10.0 %
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Risk Management Specialist Education

Schools

Columbia Southern University

8.0 %

Arizona State University

8.0 %

Pennsylvania State University

5.3 %

Regis University

5.3 %
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Majors

Business

34.3 %

Finance

9.3 %

Accounting

7.6 %

Criminal Justice

5.1 %
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Degrees

Bachelors

45.1 %

Masters

24.6 %

Associate

11.3 %

High School Diploma

7.2 %
Show More

Entry Level Jobs For Becoming A Risk Management Specialist

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Full Time
Part Time
Internship
Temporary

Top Skills For a Risk Management Specialist

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 18.1% of risk management specialists listed procedures on their resume, but soft skills such as analytical skills and math skills are important as well.

Best States For a Risk Management Specialist

Some places are better than others when it comes to starting a career as a risk management specialist. The best states for people in this position are Washington, Maine, Rhode Island, and Connecticut. Risk management specialists make the most in Washington with an average salary of $93,996. Whereas in Maine and Rhode Island, they would average $92,084 and $89,460, respectively. While risk management specialists would only make an average of $89,266 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Rhode Island

Total Risk Management Specialist Jobs:
53
Highest 10% Earn:
$144,000
Location Quotient:
1.92
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Delaware

Total Risk Management Specialist Jobs:
47
Highest 10% Earn:
$134,000
Location Quotient:
1.85
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Connecticut

Total Risk Management Specialist Jobs:
111
Highest 10% Earn:
$142,000
Location Quotient:
1.12
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Risk Management Specialist Employers

1. PayPal
4.9
Avg. Salary: 
$106,535
Risk Management Specialists Hired: 
29+
2. Allstate
4.7
Avg. Salary: 
$50,024
Risk Management Specialists Hired: 
24+
3. Citizens Financial Group
4.9
Avg. Salary: 
$46,085
Risk Management Specialists Hired: 
17+
4. Citi
4.9
Avg. Salary: 
$73,912
Risk Management Specialists Hired: 
15+
5. Huntington Bancshares
4.8
Avg. Salary: 
$44,949
Risk Management Specialists Hired: 
15+
6. Bank of America
4.8
Avg. Salary: 
$56,114
Risk Management Specialists Hired: 
13+

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Updated October 2, 2020