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Risk and insurance manager salary
Average risk and insurance manager salary
$90,847
Average Risk and Insurance Manager Salary
The average salary for a Risk and Insurance Manager is $90,847 per year. This figure can vary based on several factors, including location, years of experience, and industry specialization. For those new to the field, salaries might start lower, while experienced professionals can command higher wages.
How Much Does a Risk and Insurance Manager Make?
Factors influencing the salary include the state of employment and local demand for risk management expertise. For example, states like California and New York often offer higher salaries due to the cost of living and demand for skilled professionals. Additionally, urban areas typically present greater opportunities for higher earnings.
Where Can a Risk and Insurance Manager Earn More?
- Highest paying cities: New York, San Francisco, and Boston.
- Highest paying states: California, Texas, and New York.
Understanding these dynamics can help professionals at all levels to make informed career decisions, enhancing their earning potential and job satisfaction.
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Where can a Risk And Insurance Manager earn more?
Risk and insurance manager salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level risk and insurance manager | $62,500 | $30.03 |
| Mid-level risk and insurance manager | $96,700 | $46.48 |
| Senior-level risk and insurance manager | $149,000 | $71.44 |
Average risk and insurance manager salary by state
The average risk and insurance manager salary in New Hampshire, Maryland, and New York are the highest in the U.S. The lowest average risk and insurance manager salary states are Utah, Mississippi, and Florida.
- State view
- County view
Highest paying states for risk and insurance managers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Nevada | $107,280 | $51.58 |
| 2 | New York | $111,459 | $53.59 |
| 3 | District of Columbia | $113,682 | $54.65 |
| 4 | Delaware | $101,386 | $48.74 |
| 5 | Rhode Island | $99,034 | $47.61 |
| 6 | Maryland | $112,540 | $54.11 |
| 7 | New Hampshire | $119,989 | $57.69 |
| 8 | Vermont | $98,131 | $47.18 |
| 9 | Pennsylvania | $100,296 | $48.22 |
| 10 | Texas | $95,402 | $45.87 |
| 11 | California | $108,042 | $51.94 |
| 12 | Arkansas | $92,629 | $44.53 |
| 13 | Connecticut | $100,757 | $48.44 |
| 14 | Montana | $93,931 | $45.16 |
| 15 | Maine | $105,452 | $50.70 |
| 16 | Massachusetts | $104,722 | $50.35 |
| 17 | New Jersey | $102,069 | $49.07 |
| 18 | North Carolina | $97,801 | $47.02 |
| 19 | Illinois | $91,307 | $43.90 |
| 20 | Arizona | $92,799 | $44.61 |
| 21 | Alaska | $92,381 | $44.41 |
| 22 | Ohio | $91,060 | $43.78 |
| 23 | Michigan | $91,592 | $44.03 |
| 24 | West Virginia | $90,060 | $43.30 |
| 25 | South Dakota | $90,308 | $43.42 |
| 26 | Idaho | $90,376 | $43.45 |
| 27 | Washington | $87,975 | $42.30 |
| 28 | Wisconsin | $90,045 | $43.29 |
| 29 | Louisiana | $82,043 | $39.44 |
| 30 | Virginia | $87,935 | $42.28 |
| 31 | Kentucky | $85,049 | $40.89 |
| 32 | Oregon | $87,215 | $41.93 |
| 33 | Indiana | $86,312 | $41.50 |
| 34 | Tennessee | $79,067 | $38.01 |
| 35 | Iowa | $82,069 | $39.46 |
| 36 | New Mexico | $88,341 | $42.47 |
| 37 | Minnesota | $83,563 | $40.17 |
| 38 | South Carolina | $83,159 | $39.98 |
| 39 | North Dakota | $83,622 | $40.20 |
| 40 | Hawaii | $67,008 | $32.22 |
| 41 | Missouri | $79,601 | $38.27 |
| 42 | Alabama | $79,289 | $38.12 |
| 43 | Georgia | $78,221 | $37.61 |
| 44 | Utah | $76,215 | $36.64 |
| 45 | Mississippi | $75,583 | $36.34 |
| 46 | Nebraska | $78,864 | $37.92 |
| 47 | Oklahoma | $78,112 | $37.55 |
| 48 | Florida | $75,526 | $36.31 |
| 49 | Kansas | $77,299 | $37.16 |
| 50 | Colorado | $68,874 | $33.11 |
| 51 | Wyoming | $72,144 | $34.68 |
Highest paying cities for risk and insurance managers
The highest-paying cities for risk and insurance managers are San Francisco, CA, Baltimore, MD, and New York, NY.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $114,793 | $55.19 |
| 2 | Baltimore, MD | $113,023 | $54.34 |
| 3 | New York, NY | $111,763 | $53.73 |
| 4 | Boston, MA | $104,936 | $50.45 |
| 5 | Parsippany-Troy Hills, NJ | $102,177 | $49.12 |
| 6 | Philadelphia, PA | $101,071 | $48.59 |
| 7 | Farmington, CT | $101,023 | $48.57 |
| 8 | San Antonio, TX | $96,890 | $46.58 |
| 9 | Charlotte, NC | $95,534 | $45.93 |
| 10 | Phoenix, AZ | $92,892 | $44.66 |
| 11 | Detroit, MI | $91,942 | $44.20 |
| 12 | Chicago, IL | $91,795 | $44.13 |
| 13 | Columbus, OH | $90,709 | $43.61 |
| 14 | Milwaukee, WI | $90,495 | $43.51 |
| 15 | McLean, VA | $89,313 | $42.94 |
| 16 | Seattle, WA | $88,766 | $42.68 |
| 17 | Farmington, NM | $87,572 | $42.10 |
| 18 | Indianapolis, IN | $85,934 | $41.31 |
| 19 | Minneapolis, MN | $83,615 | $40.20 |
| 20 | Knoxville, TN | $81,628 | $39.24 |
Risk and insurance manager salary details
A risk and insurance manager's salary ranges from $58,000 a year at the 10th percentile to $141,000 at the 90th percentile.
What is a risk and insurance manager's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $141,000 | $11,750 | $68 |
| 75th Percentile | $114,000 | $9,500 | $55 |
| Average | $90,847 | $7,571 | $44 |
| 25th Percentile | $71,000 | $5,917 | $34 |
| 10th Percentile | $58,000 | $4,833 | $28 |
Highest paying risk and insurance manager jobs
The highest paying types of risk and insurance managers are senior finance manager, banking center manager, and audit manager.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Manager Finance Planning And Analysis | $106,888 | $8,907 | $51.39 | 111,706 |
| Manager/Finance Accounting | $91,315 | $7,610 | $43.90 | 132,824 |
| Credit Manager | $68,583 | $5,715 | $32.97 | 63,898 |
| Banking Center Manager | $128,585 | $10,715 | $61.82 | 87,078 |
| Audit Manager | $121,419 | $10,118 | $58.37 | 70,168 |
| Cash Manager | $93,363 | $7,780 | $44.89 | 60,517 |
Top companies hiring risk and insurance managers now:
Which companies pay risk and insurance managers the most?
Risk and insurance manager salaries at Accenture and CITGO Petroleum are the highest-paying according to our most recent salary estimates. In addition, the average risk and insurance manager salary at companies like Pwc and Joby Aviation are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Accenture | $135,370 | $65.08 |
| 2 | CITGO Petroleum | $134,262 | $64.55 |
| 3 | Pwc | $131,613 | $63.28 |
| 4 | Joby Aviation | $128,150 | $61.61 |
| 5 | Deutsche Bank | $122,656 | $58.97 |
| 6 | Citi | $117,828 | $56.65 |
| 7 | Deloitte | $116,284 | $55.91 |
| 8 | Ãœber | $105,532 | $50.74 |
| 9 | Ascent Resources | $101,161 | $48.64 |
| 10 | The AES | $99,881 | $48.02 |
| 11 | BDO USA | $96,073 | $46.19 |
| 12 | Cook Children's Medical Center | $96,005 | $46.16 |
| 13 | JPMorgan Chase & Co. | $95,542 | $45.93 |
| 14 | Salesforce | $95,294 | $45.81 |
| 15 | FNS | $95,178 | $45.76 |
| 16 | Lear | $94,069 | $45.23 |
| 17 | MassHousing | $93,042 | $44.73 |
| 18 | Faraday Future | $92,177 | $44.32 |
| 19 | Blue Origin | $88,820 | $42.70 |
| 20 | M&T Bank | $88,664 | $42.63 |
Wage gap by gender, race and education
Risk And Insurance Manager salary by industry
The average risk and insurance manager salary varies across industries:
- The average risk and insurance manager salary in the energy industry is $92,918, the highest of any industry.
- The average risk and insurance manager salary in the finance industry is $84,435.
- Risk and insurance managers in the construction industry earn an average salary of $80,878, the lowest of any industry.
Highest paying industries for risk and insurance managers
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Energy | $92,918 | $44.67 |
| 2 | Health Care | $84,435 | $40.59 |
| 3 | Real Estate | $81,239 | $39.06 |
| 4 | Construction | $80,878 | $38.88 |
High paying risk and insurance manager jobs
Risk and insurance manager salary trends
The average risk and insurance manager salary has risen by $18,294 over the last ten years. In 2014, the average risk and insurance manager earned $72,553 annually, but today, they earn $90,847 a year. That works out to a 10% change in pay for risk and insurance managers over the last decade.
Compare risk and insurance manager salaries for cities or states with the national average over time.
Average risk and insurance manager salary over time
Compare risk and insurance manager salaries for individual cities or states with the national average.
Risk and insurance manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $90,800 | $43.68 | +3.2% |
| 2025 | $87,900 | $42.28 | +1.5% |
| 2024 | $86,700 | $41.66 | +2.3% |
| 2023 | $84,700 | $40.71 | +2.7% |
| 2022 | $82,400 | $39.63 | +3.1% |
Recently added risk and insurance manager salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Federal Home Loan Bank of Des Moines | Insurance Company Credit Risk Manager | Des Moines, IA | 06/29/2025 | $149,579 |
| Truity Partners | Manager of Insurance & Corporate Risk | Milwaukee, WI | 06/27/2025 | $150,000 |
| Gate Gourmet | Manager, Insurance NA | Reston, VA | 06/24/2025 | $110,000 |
| NFP | Personal Risk Insurance Account Manager | Southampton, NY | 06/22/2025 | $59,000 |
| National Financial Partners Corp | Personal Risk Insurance Account Manager | Stamford, CT | 06/20/2025 | $59,000 |
| National Financial Partners Corp | Personal Risk Insurance Account Manager | New York, NY | 06/20/2025 | $59,000 |
| Doordash | Manager, Risk and Insurance | Phoenix, AZ | 06/09/2025 | $124,400 |
| Nadap NYS Inc. | Manager of Health Insurance Enrollment | New York, NY | 06/05/2025 | $80,000 |
| Unilever PLC | Ice Cream Regional Insurance & Risk Manager-Americas | Englewood Cliffs, NJ | 06/02/2025 | $99,760 |
| Gate Gourmet | Manager, Insurance NA | Reston, VA | 05/29/2025 | $110,000 |
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