How Much Do Risk Management Specialists Make in 2020 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

Annual Salary, Salary Range, and Highest Paying States

Average Salary

Annual salary
$77580 per year

Hourly wage
$37 per hour

One of the most popular questions we get from our readers here is how much do Risk Management Specialists make per year and their hourly wage.

Starting Salary

Entry-level annual salary
$38030 to $51100 per year

Entry-level hourly wage
$18 to $25 per hour

Entry-level Risk Management Specialists with little to no experience can expect to make anywhere between $38030 to $51100 per year or $18 to $25 per hour.

Just like any other job, the salary of a Risk Management Specialist will increase as they become more experienced.

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Salary Rank

Salary rank

We wanted to make it easy for our readers to compare the salary of a Risk Management Specialist to all the other careers out there. So we created Salary Rank. We compare the salary of all careers then we give them a rank of A, B, C or D depending on where their average salary sits in comparison to other careers.

After comparing how much do Risk Management Specialists make with other careers, they have a salary rank of B.

Salary range

Level Hourly Yearly
Highest (Top 10%) $59 $123360
Senior (Top 25%) $45 $94580
Middle (Mid 50%) $34 $70280
Junior (Bottom 25%) $25 $51100
No experience (Bottom 10%) $18 $38030

Highest paying states

State Hourly Annual
DC $ 52 $ 107,760
NY $ 46 $ 96,480
IL $ 45 $ 93,200
MA $ 42 $ 88,370
VA $ 42 $ 87,810
GA $ 41 $ 85,610
CO $ 40 $ 83,800
AZ $ 40 $ 82,200
NJ $ 39 $ 81,660
DE $ 39 $ 80,950

Another simple way to increase your salary as a Risk Management Specialist is to move to a higher paying state. However moving to a higher paying state like DC doesn’t guarantee that you will make more because the expenses at DC might be much higher than where you are currently living at right now.

According to BLS, the highest paid Risk Management Specialists are in the states of DC, NY, IL, MA and VA.

Learn more about Risk Management Specialists

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