How much does a Risk Management Manager make?
A Risk Management Manager plays a crucial role in protecting a company from financial losses. They assess risks and develop strategies to mitigate them. This important job comes with a rewarding salary. The average yearly salary for a Risk Management Manager is around $139,530. This means many people in this role earn a good living.
The salary for Risk Management Managers can vary based on experience and location. Those with more experience and in larger cities often earn more. The lowest 10% earn about $56,000, while the top 10% earn over $225,000. This range shows that there is good potential for growth and higher earnings. Companies recognize the value of skilled Risk Management Managers and reward them accordingly.
What are the highest paying cities for a Risk Management Manager?
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San Francisco, CA
Average Salary: $168,283
In San Francisco, professionals manage risk for tech giants and startups alike. The city's dynamic tech scene offers many opportunities for those in risk management.
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Tampa, FL
Average Salary: $163,551
Tampa provides a stable environment for risk management roles. Companies here focus on insurance and healthcare, making it a great place for those in the field.
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Seattle, WA
Average Salary: $159,386
Seattle's tech industry thrives, offering many roles in risk management. Companies like Amazon and Microsoft provide excellent opportunities for growth.
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Cincinnati, OH
Average Salary: $154,419
Cincinnati is known for its financial services sector. Risk management professionals here work with banks and insurance companies, ensuring stability and growth.
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Dallas, TX
Average Salary: $151,814
Dallas offers a mix of industries for risk management. Companies in energy, finance, and healthcare provide diverse opportunities for those in the field.
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Buffalo, NY
Average Salary: $150,753
Buffalo has a strong focus on manufacturing and healthcare. Risk management roles here are crucial for ensuring operational safety and compliance.
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Charlotte, NC
Average Salary: $149,108
Charlotte is a financial hub, offering many roles in risk management. Banks and financial institutions here need skilled professionals to manage risks effectively.
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Washington, DC
Average Salary: $148,894
Washington, DC, offers a unique blend of government and private sector opportunities. Risk management roles here focus on policy and compliance, making it a dynamic field.
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Detroit, MI
Average Salary: $147,796
Detroit's automotive industry provides many opportunities for risk management. Companies here focus on safety and regulatory compliance, offering stable career paths.
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Boston, MA
Average Salary: $147,192
Boston's tech and healthcare sectors offer many roles in risk management. The city's vibrant business environment provides excellent opportunities for professionals.
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What are the best companies a Risk Management Manager can work for?
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Synchrony
Average Salary: $227,857
Synchrony offers Risk Management Manager jobs with a focus on financial services. They operate in various locations, including the United States and Canada. The role involves managing financial risks and ensuring compliance.
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Intuit
Average Salary: $190,182
Intuit provides Risk Management Manager positions in the tech industry. They are based in the United States and Canada. The role includes assessing and mitigating risks for software products and services.
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PwC
Average Salary: $185,564
PwC offers Risk Management Manager jobs in the consulting and accounting sector. They operate globally, with major offices in the United States, Europe, and Asia. The role involves risk assessment and strategic planning.
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Baker Tilly
Average Salary: $181,489
Baker Tilly provides Risk Management Manager jobs in the accounting and advisory services field. They have offices in the United States and internationally. The role focuses on risk management and compliance.
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KPMG
Average Salary: $180,165
KPMG offers Risk Management Manager positions in the auditing and consulting industry. They operate worldwide, with significant presence in the United States, Europe, and Asia. The role includes risk evaluation and strategic advice.
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EY
Average Salary: $172,000
EY offers Risk Management Manager jobs in the auditing and consulting sector. They have offices globally, including the United States, Europe, and Asia. The role involves risk assessment and strategic planning.
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Citi
Average Salary: $169,778
Citi provides Risk Management Manager positions in the banking industry. They operate in the United States and internationally. The role includes managing financial risks and ensuring regulatory compliance.
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Huntington Bank
Average Salary: $163,615
Huntington Bank offers Risk Management Manager jobs in the banking sector. They are based in the United States. The role involves managing financial risks and ensuring compliance with banking regulations.
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Rsm
Average Salary: $154,281
Rsm provides Risk Management Manager positions in the accounting and advisory services field. They operate in the United States and internationally. The role focuses on risk assessment and strategic planning.
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Amazon.com
Average Salary: $152,402
Amazon.com offers Risk Management Manager jobs in the e-commerce and technology sector. They operate globally, with major offices in the United States and internationally. The role includes managing operational risks and ensuring compliance.
How to earn more as a Risk Management Manager?
A Risk Management Manager plays a key role in protecting a company's assets and ensuring its long-term success. To earn more in this role, consider these important factors. First, gaining relevant certifications can boost your credibility and salary. Certifications like the Certified Risk Management Professional (CRMP) or the Financial Risk Manager (FRM) can make you more attractive to employers. Second, gaining experience in different industries can open up higher-paying opportunities. Each industry has unique risks, and experience in multiple sectors can make you a valuable asset.
Another way to increase your earnings is by taking on leadership roles. Managers who lead teams and projects often earn more than those who work independently. Developing strong leadership skills and demonstrating the ability to manage teams can lead to higher-paying positions. Additionally, staying updated with the latest risk management trends and technologies can help you perform better. Continuous learning and professional development can lead to better job opportunities and higher salaries. Networking with other professionals in the field can also provide insights into higher-paying roles and industry trends.
Lastly, consider specializing in a high-demand area of risk management. Specializations such as cybersecurity, financial risk, or operational risk can command higher salaries. Focusing on a niche can make you an expert in that area and increase your value to employers. By focusing on these factors, a Risk Management Manager can position themselves for higher earnings and career advancement.
