Risk Management Specialists: Salary, Job Description, How To Be One and More

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Risk Management Specialists career information
pros and cons of being a Risk Management Specialist

Risk Management Specialists

analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.

$77580
Salary
70%
Job Satisfaction
Hard
Becoming One
Low
Job Growth
Suitable Personality

Risk Management Specialists

Salary, Job Description, How To Be One and More


In this career summary, you will find out what the job of a Risk Management Specialist is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Risk Management Specialists analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.


    Read more about what does a Risk Management Specialist really do at work and what is it like being and working as one.




    Become one

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    Salary

    Average salary
    $77580 per year

    Average hourly wage
    $37 per hour


    Risk Management Specialists with little to no experience tend to make between $38030 and $51100 while the more experienced ones can earn over $94580 per year.

    Top 5 paying statesHourlyAnnual
    DC$52$107,760
    NY$46$96,480
    IL$45$93,200
    MA$42$88,370
    VA$42$87,810

    One of the easiest ways to increase your salary as a Risk Management Specialist is to move to a higher paying state like DC. Right now, the highest paying states for Risk Management Specialists are DC, NY, IL, MA and VA.

    However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.

    Three other factors that can increase your salary as a Risk Management Specialist is the degree you hold, the industry you work in and lastly the company you work for.



    Requirements

    Recommended degree level
    Bachelor’s Degree

    We asked other Risk Management Specialists what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a Post-Baccalaureate Certificate.

    Other than that, we also asked them what did they major in and here are the most popular majors that came up.

    Financial Mathematics
    Finance, General

    Read more about how to become a Risk Management Specialist and the degree, training and education you need.



    Pros and Cons

    Here are some of the pros and cons of being a Risk Management Specialist.

    PROS
    Suitable for people who likes to follow routines
    Suitable for people who values achievements and are results-oriented
    This career is perfect for people who love to work indoors.
    Very good salary
    CONS
    Not suitable for people who likes to help and teach others
    It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.
    Long working hours (More than 40 hours per week)



    What is the job like

    Job satisfaction
    70%

    Is this job meaningful
    47%


    70% of Risk Management Specialists said they were satisfied with their job and 47% said they feel like their job is making other people’s lives better.



    Is this right for me

    Best personality for this career
    The Organizers and The Entrepreneurs


    You can read more about these career personality types here.

    People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..

    They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



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