How much does a Risk Management Manager make?
A Risk Management Manager plays a crucial role in protecting a company from financial losses. This job involves identifying, assessing, and managing risks. The average yearly salary for this position is around $139,441. This figure can vary based on experience, location, and the industry.
The salary range for Risk Management Managers can be quite broad. At the lower end, some managers earn around $57,390 per year. As experience and expertise grow, salaries can reach up to $225,621 annually. This wide range reflects the importance of the role and the potential for career growth. Companies often value skilled risk managers who can help them avoid costly mistakes.
What are the highest paying cities for a Risk Management Manager?

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San Francisco, CA
Average Salary: $160,014
In San Francisco, professionals manage risks for tech giants like Google and Salesforce. The city's dynamic environment demands sharp analytical skills. Opportunities for growth are plentiful with the tech boom.
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Tampa, FL
Average Salary: $159,943
Tampa offers a mix of industries for risk management. Companies like Raymond James and TECO Energy provide diverse challenges. The warm climate makes for a pleasant work environment.
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Seattle, WA
Average Salary: $159,508
Seattle, home to Amazon and Microsoft, offers exciting risk management roles. Professionals here focus on tech and e-commerce risks. The city's innovative spirit drives continuous learning.
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Charlotte, NC
Average Salary: $152,216
Charlotte is a financial hub with companies like Bank of America and Wells Fargo. Risk managers here play a crucial role in the banking sector. The city offers a balanced lifestyle with its growing urban scene.
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Cincinnati, OH
Average Salary: $152,013
Cincinnati provides a mix of industry sectors for risk management. Companies like Procter & Gamble and Kroger offer stable environments. The city's affordability makes it an attractive option for professionals.
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Buffalo, NY
Average Salary: $151,649
Buffalo offers a blend of manufacturing and healthcare sectors. Companies like M&T Bank and Highmark Blue Cross Blue Shield need skilled risk managers. The city's rich history and culture add to the experience.
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Washington, DC
Average Salary: $148,787
Washington, DC, is a political and financial center. Risk managers here work with government agencies and financial institutions. The city's vibrant culture and networking opportunities enhance professional growth.
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Indianapolis, IN
Average Salary: $147,934
Indianapolis offers a mix of automotive and healthcare sectors. Companies like Eli Lilly and GM need strong risk management. The city's vibrant arts scene and friendly community make it a great place to live and work.
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Dallas, TX
Average Salary: $147,582
Dallas is a major business hub with companies like AT&T and ExxonMobil. Risk managers here deal with diverse industries. The city's warm climate and strong economy provide a dynamic work environment.
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Detroit, MI
Average Salary: $146,311
Detroit offers a mix of automotive and manufacturing sectors. Companies like Ford and General Motors need skilled risk managers. The city's rich history and revitalization efforts create a unique work atmosphere.
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What are the best companies a Risk Management Manager can work for?

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Synchrony
Average Salary: $230,000
Synchrony offers Risk Management Manager jobs with a focus on financial services. They operate in multiple locations, including the United States and Canada. Their roles emphasize managing financial risks and ensuring compliance.
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KPMG
Average Salary: $195,927
KPMG provides Risk Management Manager jobs with a focus on consulting and advisory services. They have offices worldwide, including the United States, Europe, and Asia. Their roles involve assessing and mitigating risks for clients.
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PwC
Average Salary: $183,119
PwC offers Risk Management Manager jobs with a focus on assurance, tax, and advisory services. They operate globally, with major offices in the United States, the UK, and Australia. Their roles include risk assessment and strategic planning.
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Baker Tilly
Average Salary: $182,399
Baker Tilly provides Risk Management Manager jobs with a focus on accounting and consulting. They have offices in the United States and internationally. Their roles emphasize risk management and financial oversight.
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EY
Average Salary: $171,870
EY offers Risk Management Manager jobs with a focus on assurance, tax, and consulting. They operate in many countries, including the United States, the UK, and India. Their roles involve risk evaluation and strategic risk management.
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Citi
Average Salary: $169,405
Citi provides Risk Management Manager jobs with a focus on banking and financial services. They have a global presence, with major offices in the United States, Europe, and Asia. Their roles include managing financial risks and ensuring regulatory compliance.
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Freddie Mac
Average Salary: $168,000
Freddie Mac offers Risk Management Manager jobs with a focus on mortgage-related services. They operate in the United States. Their roles involve managing credit and market risks in the mortgage industry.
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Huntington Bank
Average Salary: $163,615
Huntington Bank provides Risk Management Manager jobs with a focus on banking services. They operate in the United States, primarily in the Midwest. Their roles include managing financial risks and ensuring operational efficiency.
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Rsm
Average Salary: $155,732
Rsm offers Risk Management Manager jobs with a focus on accounting and consulting. They have offices in the United States and internationally. Their roles emphasize risk management and financial advisory services.
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Amazon.com
Average Salary: $154,942
Amazon.com provides Risk Management Manager jobs with a focus on e-commerce and technology. They operate globally, with major offices in the United States and internationally. Their roles include managing operational and strategic risks.
How to earn more as a Risk Management Manager?
A Risk Management Manager plays a crucial role in protecting an organization from potential threats. To earn more in this role, consider these key factors. Gaining relevant experience and certifications can boost earning potential. Specialized skills in areas like cybersecurity or financial risk management often command higher salaries. Networking within the industry can open doors to higher-paying opportunities. Seeking roles in high-demand sectors, such as finance or healthcare, can also lead to better compensation. Continuous learning and staying updated with industry trends ensure a competitive edge in the job market.
Another important factor is location. Risk Management Managers often earn more in areas with a high cost of living or where demand for risk management is greater. Urban centers and financial hubs typically offer higher salaries. Performance and results also play a significant role. Demonstrating a track record of successful risk management strategies can lead to salary increases or bonuses. Lastly, consider negotiating effectively. Understanding market rates and being prepared to discuss your value can lead to better compensation packages.
Here are five factors to consider for earning more as a Risk Management Manager:
- Gain relevant experience and certifications.
- Develop specialized skills in high-demand areas.
- Network within the industry to find higher-paying opportunities.
- Seek roles in high-demand sectors like finance or healthcare.
- Stay updated with industry trends and continuously learn.