How much does a risk manager make?

The average risk manager salary in the United States is $116,072. Risk manager salaries typically range between $84,000 and $160,000 yearly. The average hourly rate for risk managers is $55.8 per hour. Risk manager salary is impacted by location, education, and experience. Risk managers earn the highest average salary in California.

Risk manager salary

Q: What state pays Risk Managers the most?

California pays Risk Managers the most in the United States, with an average salary of $125,209 per year, or $60.20 per hour.

Q: How do I know if I'm being paid fairly as a risk manager?

You know if you are being paid fairly as a risk manager if your pay is close to the average pay for the state you live in. For example, if you live in New York you should be paid close to $122,848 per year.

Q: Do risk managers make good money?

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.

Q: How much does a risk control director make?

A risk control director makes about $130,000 yearly. That's about $10,845 monthly or $63 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 $87,000, typically for entry-level positions or low-paying states like Florida and Wisconsin. On the higher end, they can earn more than $194,000.

Average risk manager salary

$116,072

$55.8 hourly rate

Entry-level risk manager salary

$84,000 yearly salary

Updated January 8, 2025

Understanding Risk Manager Salaries

The average salary for a Risk Manager is approximately $116,072 per year, translating to about $56 per hour. Salaries can fluctuate based on numerous factors such as geographic location, years of experience, and the specific industry.

Salary by State

Certain states offer higher pay for Risk Managers. For example, states like California and New York typically report salaries above the national average. In contrast, regions with lower costs of living may offer reduced salaries.

Experience Level

Entry-level Risk Managers can expect to earn less than their more experienced counterparts. As professionals gain experience, their earning potential increases significantly. It's common for seasoned Risk Managers to command salaries exceeding $150,000 annually.

Job Opportunities

Risk Managers are in demand across various sectors, including finance, healthcare, and technology. Understanding salary trends and job opportunities can empower you to make informed career decisions.

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Risk manager salary by:

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Where can a Risk Manager earn more?

Compare salary by location

149k

129k

109k

89k

69k

Columbus, OH$135,721

Minneapolis, MN$99,003

Compare salary by company

188k

168k

148k

128k

108k

Credit Karma$165,496

Western Alliance Bank$138,187

Risk manager salaries by experience level

Experience level	Avg. salary	Hourly rate
Entry-level risk manager	$79,800	$38.37
Mid-level risk manager	$124,000	$59.38
Senior-level risk manager	$190,000	$91.27

Risk manager salary estimates from across the web

Based on the latest salary information compiled by Zippia, Salary.com, Indeed, SalaryExpert, Comparably and Payscale, the average salary for a risk manager typically falls between $94,218 and $150,000.

zippia

$116,072yearly

indeed[1]

$106,994yearly

comparably[2]

$150,000yearly

Salary.com[3]

$123,937yearly

payscale[4]

$94,218yearly

SalaryExpert[5]

$141,683yearly

Average risk manager salary by state

The highest-paying states for risk managers are California, New York, and Connecticut. The lowest average risk manager salary states are Florida, Montana, and Kansas.

State view
County view

Average salary:

Highest paying states for risk managers

Rank	State	Avg. salary	Hourly rate
1	Connecticut	$121,325	$58.33
2	New York	$122,848	$59.06
3	Delaware	$117,402	$56.44
4	Massachusetts	$119,866	$57.63
5	California	$125,209	$60.20
6	Washington	$113,219	$54.43
7	Ohio	$111,045	$53.39
8	New Jersey	$115,287	$55.43
9	Virginia	$113,630	$54.63
10	Illinois	$107,915	$51.88
11	Pennsylvania	$105,082	$50.52
12	Rhode Island	$109,611	$52.70
13	Michigan	$106,551	$51.23
14	District of Columbia	$113,962	$54.79
15	North Carolina	$105,255	$50.60
16	West Virginia	$108,427	$52.13
17	Maryland	$106,965	$51.43
18	Nevada	$102,185	$49.13
19	Wisconsin	$103,925	$49.96
20	Arizona	$98,357	$47.29
21	Georgia	$99,700	$47.93
22	Maine	$104,260	$50.13
23	New Hampshire	$105,278	$50.61
24	Oregon	$101,720	$48.90
25	Iowa	$99,193	$47.69
26	Arkansas	$96,134	$46.22
27	Minnesota	$99,044	$47.62
28	North Dakota	$100,896	$48.51
29	Texas	$92,873	$44.65
30	Indiana	$95,732	$46.02
31	Tennessee	$94,288	$45.33
32	Utah	$93,409	$44.91
33	Vermont	$98,746	$47.47
34	South Dakota	$95,934	$46.12
35	Kentucky	$90,203	$43.37
36	Missouri	$89,166	$42.87
37	Colorado	$89,707	$43.13
38	Louisiana	$92,107	$44.28
39	South Carolina	$88,954	$42.77
40	Alaska	$91,381	$43.93
41	Idaho	$92,202	$44.33
42	Wyoming	$89,752	$43.15
43	Florida	$86,708	$41.69
44	New Mexico	$89,068	$42.82
45	Alabama	$87,062	$41.86
46	Nebraska	$87,262	$41.95
47	Montana	$86,420	$41.55
48	Hawaii	$73,889	$35.52
49	Kansas	$85,849	$41.27
50	Oklahoma	$85,489	$41.10
51	Mississippi	$85,179	$40.95

Top risk manager jobs near you

Highest paying cities for risk managers

The highest-paying cities for risk managers are San Francisco, CA, Albany, NY, and Hartford, CT.

Rank	City	Avg. salary	Hourly rate
1	San Francisco, CA	$135,721	$65.25
2	Albany, NY	$123,640	$59.44
3	Hartford, CT	$121,662	$58.49
4	Boston, MA	$119,966	$57.68
5	Wilmington, DE	$117,699	$56.59
6	Jersey City, NJ	$115,505	$55.53
7	Arlington, VA	$115,266	$55.42
8	Seattle, WA	$114,233	$54.92
9	Washington, DC	$114,006	$54.81
10	Cleveland, OH	$113,042	$54.35
11	Chicago, IL	$108,327	$52.08
12	Baltimore, MD	$107,225	$51.55
13	Detroit, MI	$106,893	$51.39
14	Raleigh, NC	$106,632	$51.27
15	Philadelphia, PA	$105,491	$50.72
16	Portland, ME	$104,710	$50.34
17	Las Vegas, NV	$101,459	$48.78
18	Portland, OR	$100,920	$48.52
19	Atlanta, GA	$99,843	$48.00
20	Minneapolis, MN	$99,003	$47.60

Risk Managers are the most in-demand in these five cities:

Risk manager salary details

A risk manager's salary ranges from $84,000 a year at the 10th percentile to $160,000 at the 90th percentile.

Average risk manager salary graph, trends, and summary

What is a risk manager's salary?

Percentile	Annual salary	Monthly salary	Hourly rate
90th Percentile	$160,000	$13,333	$77
75th Percentile	$137,000	$11,417	$66
Average	$116,072	$9,673	$56
25th Percentile	$97,000	$8,083	$47
10th Percentile	$84,000	$7,000	$40

Highest paying risk manager jobs

The highest paying types of risk managers are risk management director, banking center manager, and audit manager.

Job title	Annual salary	Monthly salary	Hourly rate	Job openings
Credit And Collection Manager	$71,775	$5,981	$34.51	38,683
Administrative & Finance Manager	$76,989	$6,416	$37.01	143,109
Management Accounts Manager	$91,681	$7,640	$44.08	113,871
Finance And Insurance Manager	$92,250	$7,687	$44.35	136,188
Finance Center Manager	$58,763	$4,897	$28.25	151,642
Banking Center Manager	$128,585	$10,715	$61.82	87,078

Top companies hiring risk managers now:

Which companies pay risk managers the most?

Risk manager salaries at Credit Karma and Brex are the highest-paying according to our most recent salary estimates. In addition, the average risk manager salary at companies like Meta and McKinsey & Company Inc are highly competitive.

Rank	Company	Average salary	Hourly rate
1	Credit Karma	$165,496	$79.57
2	Brex	$152,637	$73.38
3	Meta	$152,514	$73.32
4	McKinsey & Company Inc	$150,499	$72.36
5	Apple	$149,764	$72.00
6	Coinbase	$147,768	$71.04
7	Lyft	$146,153	$70.27
8	Fundbox	$144,643	$69.54
9	First Republic Bank	$142,316	$68.42
10	Chime	$141,552	$68.05
11	Bill.com	$140,888	$67.73
12	Pacific Investment Management Company LLC	$140,464	$67.53
13	Tudor Funds	$140,395	$67.50
14	Santander Private Banking International	$140,023	$67.32
15	Better	$139,928	$67.27
16	PayPal	$139,829	$67.23
17	SoFi	$139,720	$67.17
18	Bunge	$139,353	$67.00
19	Southern California Edison	$138,349	$66.51
20	Western Alliance Bank	$138,187	$66.44

Wage gap by gender, race and education

$121,000$119,000$117,000$115,000$113,000$111,000

MaleFemale

Risk Manager salary by industry

The average risk manager salary varies across industries:

The average risk manager salary in the technology industry is $119,668, the highest of any industry.
The average risk manager salary in the finance industry is $118,922.
Risk managers in the health care industry earn an average salary of $104,253, the lowest of any industry.

Highest paying industries for risk managers

Rank	Industry	Average salary	Hourly rate
1	Technology	$119,668	$57.53
2	Agriculture	$118,922	$57.17
3	Finance	$118,481	$56.96
4	Manufacturing	$116,820	$56.16
5	Professional	$112,958	$54.31
6	Health Care	$104,253	$50.12

High paying risk manager jobs

Risk manager salary trends

The average risk manager salary has risen by $23,373 over the last ten years. In 2014, the average risk manager earned $92,699 annually, but today, they earn $116,072 a year. That works out to a 10% change in pay for risk managers over the last decade.

Compare risk manager salaries for cities or states with the national average over time.

Average risk manager salary over time

Compare risk manager salaries for individual cities or states with the national average.

Risk manager salary by year

Year	Avg. salary	Hourly rate	% Change
2025	$116,000	$55.80	+3.2%
2024	$112,000	$54.02	+1.5%
2023	$111,000	$53.23	+2.3%
2022	$108,000	$52.02	+2.7%
2021	$105,000	$50.63	+3.1%

Recently added risk manager salaries

Company	Job	Location	Date added	Salary
Arrow Electronics	Risk Manager	Denver, CO	06/30/2025	$98,900
Capital One	Manager, Change Risk Assessments-International Launch	McLean, VA	06/30/2025	$172,800
Eversource Energy	Manager, Risk Management (Hybrid)	Hartford, CT	06/30/2025	$150,300
EY	Manager, Tax Accounting and Risk Advisory Services (Seasonal)	Washington, DC	06/30/2025	$187,830
Philips Healthcare	Credit Risk Manager	Nashville, TN	06/30/2025	$84,225
Pricewaterhousecoopers	FS R&R-Financial Risk Transformation, Manager	New York, NY	06/30/2025	$100,000
Franklin Templeton	Investment Counterparty Credit Risk Manager	Baltimore, MD	06/30/2025	$145,000
Franklin Templeton	Investment Risk Manager-Fixed Income	Philadelphia, PA	06/30/2025	$135,000
Cantor Fitzgerald	Liquidity Risk Manager	New York, NY	06/29/2025	$200,000
DRW	Junior Risk Manager	Chicago, IL	06/29/2025	$150,000

Risk manager salary FAQs

What state pays Risk Managers the most?

How do I know if I'm being paid fairly as a risk manager?

Do risk managers make good money?

How much does a risk control director make?

Have more questions? See all answers to common executive management questions.

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Updated January 8, 2025

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