"procedures," "oversight," and "regulatory agencies" aren't the only skills we found risk managers list on their resumes. In fact, there's a whole list of risk manager responsibilities that we found, including:
After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming a risk manager. We found that 66.2% of risk managers have graduated with a bachelor's degree and 17.0% of people in this position have earned their master's degrees. While most risk managers have a college degree, you may find it's also true that generally it's possible to be successful in this career with only a high school degree. In fact, our research shows that one out of every nine risk managers were not college graduates.
Those risk managers who do attend college, typically earn either a business degree or a finance degree. Less commonly earned degrees for risk managers include a nursing degree or a accounting degree.
Once you're ready to become a risk manager, you should explore the companies that typically hire risk managers. According to risk manager resumes that we searched through, risk managers are hired the most by Accenture, Alight Solutions, and Amazon.com. Currently, Accenture has 43 risk manager job openings, while there are 37 at Alight Solutions and 34 at Amazon.com.
But if you're interested in companies where you might earn a high salary, risk managers tend to earn the biggest salaries at Ge Capital Montgomery Ward, Steward Health Care System, and Accenture. Take Ge Capital Montgomery Ward for example. The median risk manager salary is $177,375. At Steward Health Care System, risk managers earn an average of $169,092, while the average at Accenture is $167,952. You should take into consideration how difficult it might be to secure a job with one of these companies.
Some other companies you might be interested in as a risk manager include JPMorgan Chase, Citi, and Wells Fargo. These three companies were found to hire the most risk managers from the top 100 U.S. educational institutions.
The industries that risk managers fulfill the most roles in are the finance and health care industries. But the highest risk manager annual salary is in the health care industry, averaging $129,951. In the manufacturing industry they make $125,815 and average about $117,748 in the hospitality industry. In conclusion, risk managers who work in the health care industry earn a 51.4% higher salary than risk managers in the agriculture industry.