Annual Salary, Salary Range, and Highest Paying States
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Risk Management Specialists
analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
Average Salary
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 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
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.
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