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Risk management specialist salary
Average risk management specialist salary
$69,819
Understanding Risk Management Specialist Salaries
A Risk Management Specialist plays a critical role in identifying and mitigating risks within organizations, ensuring compliance with regulations and safeguarding assets. As of October 2025, the average salary for this position is approximately $69,819 per year, translating to about $34 per hour. Salaries can vary significantly based on factors such as geographic location and level of experience.
Highest Paying States
Specialists in states like California, New York, and Texas tend to earn higher salaries due to the demand for skilled professionals in these regions. Furthermore, industries such as finance and insurance often provide the most competitive compensation packages.
Career Opportunities
For those considering a career in risk management, this field offers numerous opportunities for advancement. With experience, Risk Management Specialists can move into senior roles or specialize in areas like compliance or forensic risk analysis, often resulting in increased earning potential.
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Where can a Risk Management Specialist earn more?
Risk management specialist salary estimates from across the web
Average risk management specialist salary by state
The highest-paying states for risk management specialists are New Jersey, New York, and Massachusetts. The lowest average risk management specialist salary states are Nebraska, Mississippi, and Colorado.
- State view
- County view
Highest paying states for risk management specialists
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $106,626 | $51.26 |
| 2 | New York | $103,468 | $49.74 |
| 3 | Delaware | $92,414 | $44.43 |
| 4 | Massachusetts | $97,824 | $47.03 |
| 5 | District of Columbia | $103,201 | $49.62 |
| 6 | Connecticut | $97,279 | $46.77 |
| 7 | Pennsylvania | $88,588 | $42.59 |
| 8 | North Carolina | $82,680 | $39.75 |
| 9 | West Virginia | $83,911 | $40.34 |
| 10 | New Hampshire | $94,804 | $45.58 |
| 11 | Maryland | $88,356 | $42.48 |
| 12 | North Dakota | $76,390 | $36.73 |
| 13 | Vermont | $95,581 | $45.95 |
| 14 | Ohio | $81,827 | $39.34 |
| 15 | Tennessee | $82,365 | $39.60 |
| 16 | Michigan | $82,596 | $39.71 |
| 17 | Nevada | $75,340 | $36.22 |
| 18 | Alaska | $74,228 | $35.69 |
| 19 | Maine | $84,793 | $40.77 |
| 20 | Alabama | $79,189 | $38.07 |
| 21 | Virginia | $87,321 | $41.98 |
| 22 | California | $78,232 | $37.61 |
| 23 | Illinois | $71,692 | $34.47 |
| 24 | Kentucky | $76,981 | $37.01 |
| 25 | Arizona | $69,834 | $33.57 |
| 26 | Washington | $72,970 | $35.08 |
| 27 | Wisconsin | $75,999 | $36.54 |
| 28 | Rhode Island | $80,644 | $38.77 |
| 29 | Indiana | $71,872 | $34.55 |
| 30 | Oregon | $68,318 | $32.85 |
| 31 | Iowa | $66,041 | $31.75 |
| 32 | South Carolina | $73,629 | $35.40 |
| 33 | Texas | $65,164 | $31.33 |
| 34 | Hawaii | $68,057 | $32.72 |
| 35 | Georgia | $69,686 | $33.50 |
| 36 | Louisiana | $68,175 | $32.78 |
| 37 | Missouri | $67,444 | $32.42 |
| 38 | Arkansas | $62,836 | $30.21 |
| 39 | Florida | $64,457 | $30.99 |
| 40 | South Dakota | $64,074 | $30.80 |
| 41 | Kansas | $64,701 | $31.11 |
| 42 | Minnesota | $65,629 | $31.55 |
| 43 | New Mexico | $62,767 | $30.18 |
| 44 | Nebraska | $61,677 | $29.65 |
| 45 | Oklahoma | $63,329 | $30.45 |
| 46 | Montana | $62,869 | $30.23 |
| 47 | Colorado | $56,988 | $27.40 |
| 48 | Wyoming | $54,867 | $26.38 |
| 49 | Mississippi | $59,237 | $28.48 |
| 50 | Idaho | $56,691 | $27.26 |
| 51 | Utah | $53,574 | $25.76 |
Highest paying cities for risk management specialists
The highest-paying cities for risk management specialists are Hoboken, NJ, Harrison, NY, and Washington, DC.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Hoboken, NJ | $106,947 | $51.42 |
| 2 | Harrison, NY | $103,836 | $49.92 |
| 3 | Washington, DC | $103,290 | $49.66 |
| 4 | Boston, MA | $98,010 | $47.12 |
| 5 | Hartford, CT | $97,584 | $46.92 |
| 6 | Philadelphia, PA | $89,425 | $42.99 |
| 7 | Baltimore, MD | $88,645 | $42.62 |
| 8 | McLean, VA | $88,382 | $42.49 |
| 9 | Cleveland, OH | $84,851 | $40.79 |
| 10 | Chattanooga, TN | $84,066 | $40.42 |
| 11 | San Francisco, CA | $83,338 | $40.07 |
| 12 | Charlotte, NC | $80,064 | $38.49 |
| 13 | Milwaukee, WI | $76,312 | $36.69 |
| 14 | Seattle, WA | $73,875 | $35.52 |
| 15 | Chicago, IL | $72,188 | $34.71 |
| 16 | Alpharetta, GA | $70,076 | $33.69 |
| 17 | Tempe, AZ | $69,775 | $33.55 |
| 18 | Saint Louis, MO | $69,618 | $33.47 |
| 19 | San Antonio, TX | $67,066 | $32.24 |
| 20 | Minneapolis, MN | $65,572 | $31.52 |
Risk management specialist salary details
A risk management specialist's salary ranges from $40,000 a year at the 10th percentile to $119,000 at the 90th percentile.
What is a risk management specialist's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $119,000 | $9,917 | $57 |
| 75th Percentile | $92,000 | $7,667 | $44 |
| Average | $69,819 | $5,818 | $34 |
| 25th Percentile | $52,000 | $4,333 | $25 |
| 10th Percentile | $40,000 | $3,333 | $19 |
Highest paying risk management specialist jobs
The highest paying types of risk management specialists are global risk management director, risk management director, and risk manager.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Risk Manager | $116,072 | $9,673 | $55.80 | 75,795 |
| Global Risk Management Director | $145,350 | $12,113 | $69.88 | 89,985 |
| Risk Management Director | $133,286 | $11,107 | $64.08 | 80,337 |
Top companies hiring risk management specialists now:
Which companies pay risk management specialists the most?
Risk management specialist salaries at PayPal and eBay are the highest-paying according to our most recent salary estimates. In addition, the average risk management specialist salary at companies like Zeta and Cisco are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | PayPal | $130,419 | $62.70 |
| 2 | eBay | $115,460 | $55.51 |
| 3 | Zeta | $114,497 | $55.05 |
| 4 | Cisco | $113,650 | $54.64 |
| 5 | SAP | $111,968 | $53.83 |
| 6 | Huntington Hospital | $110,321 | $53.04 |
| 7 | Citi | $105,353 | $50.65 |
| 8 | W. R. Berkley | $103,573 | $49.79 |
| 9 | Federal Reserve Bank | $100,407 | $48.27 |
| 10 | BNY Mellon | $100,320 | $48.23 |
| 11 | Barclays | $97,518 | $46.88 |
| 12 | Sun West Mortgage Company | $97,152 | $46.71 |
| 13 | Federal Reserve | $96,299 | $46.30 |
| 14 | Goldman Sachs | $95,613 | $45.97 |
| 15 | Peabody Energy | $95,462 | $45.90 |
| 16 | Eaton | $94,945 | $45.65 |
| 17 | CIBC World Markets | $94,681 | $45.52 |
| 18 | Nasdaq | $93,254 | $44.83 |
| 19 | CTC | $90,814 | $43.66 |
| 20 | AmerisourceBergen | $89,341 | $42.95 |
Wage gap by gender, race and education
Risk Management Specialist salary by industry
The average risk management specialist salary varies across industries:
- The average risk management specialist salary in the professional industry is $80,861, the highest of any industry.
- The average risk management specialist salary in the finance industry is $78,782.
- Risk management specialists in the agriculture industry earn an average salary of $66,826, the lowest of any industry.
Highest paying industries for risk management specialists
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Professional | $80,861 | $38.88 |
| 2 | Finance | $78,782 | $37.88 |
| 3 | Insurance | $71,878 | $34.56 |
| 4 | Agriculture | $66,826 | $32.13 |
High paying risk management specialist jobs
Risk management specialist salary trends
The average risk management specialist salary has risen by $12,872 over the last ten years. In 2014, the average risk management specialist earned $56,947 annually, but today, they earn $69,819 a year. That works out to a 6% change in pay for risk management specialists over the last decade.
Compare risk management specialist salaries for cities or states with the national average over time.
Average risk management specialist salary over time
Compare risk management specialist salaries for individual cities or states with the national average.
Risk management specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $69,800 | $33.57 | +2.6% |
| 2024 | $68,000 | $32.71 | +1.6% |
| 2023 | $66,900 | $32.17 | +1.1% |
| 2022 | $66,200 | $31.82 | +0.1% |
| 2021 | $66,100 | $31.80 | +4.0% |
Recently added risk management specialist salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Capital One | Principal Risk Specialist-FS Tech Well Managed Controls | Plano, TX | 06/30/2025 | $106,700 |
| Logistics Management Institute | Risk Management/Internal Controls Specialist (EO)-Ts/Sci Required | Arlington, VA | 06/29/2025 | $100,000 |
| Synechron | Global Market Risk Management Specialist | Jersey City, NJ | 06/28/2025 | $100,000 |
| Auburn University | Insurance and Risk Management Specialist | Auburn, AL | 06/27/2025 | $59,130 |
| Principal Financial Group | Tech Risk Management Specialist-Director | Des Moines, IA | 06/26/2025 | $137,000 |
| TD Bank | Group Risk Specialist (US), Non-Model Risk Management-Qa/Qc | Charlotte, NC | 06/26/2025 | $86,840 |
| TD Bank | Group Risk Specialist (US), Non-Model Risk Management-Qa/Qc | Greenville, SC | 06/26/2025 | $86,840 |
| TD Bank | Group Risk Specialist (US), Non-Model Risk Management-Qa/Qc | Mount Laurel, NJ | 06/26/2025 | $86,840 |
| TD Bank | Group Risk Specialist (US), Non-Model Risk Management-Qa/Qc | New York, NY | 06/26/2025 | $86,840 |
| State of Florida | Risk Management Program Specialist | Tallahassee, FL | 06/25/2025 | $47,946 |
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