How much does a Risk Management Manager make?
Risk Management Managers play an essential role in organizations by identifying, assessing, and mitigating risks. Their expertise in risk management leads to competitive salaries. The average yearly salary for a Risk Management Manager is around $130,011. This figure includes a range of salaries, from those just starting in the field to seasoned professionals.
The salary range for Risk Management Managers shows a clear path for growth. Entry-level professionals can expect to earn around $53,820. As experience grows, so does the salary, with some professionals earning more than $200,000 annually. This growth potential makes the role attractive to many job seekers. Factors like industry, company size, and geographic location also influence salaries. Higher salaries often come with more responsibilities and complex risk management tasks.
What are the highest paying cities for a Risk Management Manager?
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San Francisco, CA
Average Salary: $174,286
In San Francisco, managing risk involves navigating a vibrant tech landscape. Companies like Google and Salesforce value robust risk strategies, making this a key role. The city’s innovation-driven environment requires sharp analytical skills.
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Seattle, WA
Average Salary: $172,668
Seattle’s risk managers work in a region known for tech giants like Amazon and Microsoft. They ensure company security and data integrity. The fast-paced environment demands proactive and detailed-oriented professionals.
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San Jose, CA
Average Salary: $166,551
San Jose offers a dynamic setting with many tech companies. Risk managers here focus on cybersecurity and compliance. Working closely with IT departments, they keep sensitive data safe.
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Dallas, TX
Average Salary: $166,485
In Dallas, managing risk is vital for the energy and finance sectors. Companies such as AT&T and JPMorgan Chase look for reliable risk managers. The city’s business culture values thorough risk assessments.
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Buffalo, NY
Average Salary: $157,408
Buffalo’s risk managers operate in a mix of industries, including finance and manufacturing. They ensure companies like KeyBank and M&T Bank follow safety protocols. The region’s stability provides a steady environment for risk analysis.
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Boston, MA
Average Salary: $155,577
Boston's risk managers support a diverse business landscape. Working for firms like Fidelity and State Street, they manage investment risks and regulatory compliance. The city’s rich history of finance shapes their approach.
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Washington, DC
Average Salary: $154,829
In Washington, DC, risk managers play a crucial role in the political and defense sectors. Companies like Lockheed Martin and Deloitte value their expertise. The city’s focus on policy makes risk management a key priority.
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Cincinnati, OH
Average Salary: $154,389
Cincinnati offers a unique blend of manufacturing and finance. Risk managers here, working for companies like Procter & Gamble, focus on operational safety and compliance. The city’s corporate culture values meticulous planning.
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Tampa, FL
Average Salary: $152,081
Tampa’s risk managers operate in a growing tech and healthcare sector. With companies like TTEC and AdventHealth, they ensure data security and regulatory adherence. The region’s warm climate adds to the appeal.
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Portland, OR
Average Salary: $151,849
In Portland, risk managers support a vibrant startup scene. Working with companies like Nike and Providence, they manage financial and operational risks. The city’s innovative spirit aligns well with dynamic risk management.
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What are the best companies a Risk Management Manager can work for?
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PwC
Average Salary: $198,000
PwC offers Risk Management Manager jobs with a focus on providing audit, assurance, and tax services to their clients. The company operates in many countries worldwide, including the United States, the United Kingdom, and Canada.
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Intuit
Average Salary: $189,203
At Intuit, Risk Management Manager roles involve overseeing financial and operational risks. Intuit is well-known for its tax and accounting software products like TurboTax and QuickBooks. They operate globally, with a strong presence in the United States, Canada, and the United Kingdom.
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EY
Average Salary: $166,047
EY offers Risk Management Manager positions that focus on providing assurance, tax, transaction, and advisory services. EY operates in more than 70 countries, with major offices in the United States, the United Kingdom, and China.
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KPMG
Average Salary: $163,608
KPMG's Risk Management Manager jobs involve managing risks across audit, tax, and advisory services. KPMG operates in over 80 countries and has a strong presence in the United States, the United Kingdom, and Germany.
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Deloitte
Average Salary: $162,270
Deloitte offers Risk Management Manager roles with a focus on audit and assurance services. The company operates in more than 150 countries, with significant operations in the United States, the United Kingdom, and India.
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Google
Average Salary: $159,083
Google offers Risk Management Manager jobs focusing on managing cyber and data risks for its vast network of services. Google operates globally, with major offices in the United States, Canada, and Ireland.
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Amazon.com
Average Salary: $152,833
At Amazon, Risk Management Manager roles involve overseeing supply chain and operational risks. The company operates in many countries, with a strong presence in the United States, the United Kingdom, and Germany.
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Rsm
Average Salary: $152,000
Rsm offers Risk Management Manager positions focused on audit and consulting services. The company operates in the United States and has offices across the country.
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City National Bank
Average Salary: $147,435
City National Bank offers Risk Management Manager jobs focusing on mitigating financial risks for clients. They operate primarily in California, with offices in Los Angeles, San Francisco, and Orange County.
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U.S. Bank
Average Salary: $144,138
U.S. Bank offers Risk Management Manager roles focusing on managing credit, market, and operational risks. The bank operates across the United States with a strong presence in the Midwest and West Coast.
How to earn more as a Risk Management Manager?
To earn more as a Risk Management Manager, consider these key strategies. Each one offers a clear path to increase earning potential.
First, gaining specialized certifications can significantly boost earning power. Credentials like the Certified Risk Manager (CRM) or the Financial Risk Manager (FRM) demonstrate expertise and can lead to higher salaries. Continuing education helps keep skills current and competitive.
Second, expanding experience in multiple industries can open up better-paying opportunities. Diverse experience makes a candidate more valuable to employers who seek versatile risk management professionals. Gaining experience in finance, healthcare, or technology can increase marketability.
- Gain specialized certifications
- Expand industry experience
- Leverage professional networks
- Seek leadership roles
- Negotiate salary effectively
Third, leveraging professional networks can uncover higher-paying job opportunities. Networking with peers and attending industry conferences can lead to new roles and salary advancements. Active participation in professional organizations often results in job leads.
Fourth, taking on leadership roles within risk management teams can lead to higher earnings. Managers who demonstrate strong leadership and project management skills often receive higher compensation. Leading a team successfully can result in salary increases and bonuses.
Finally, negotiating salary effectively is crucial. Researching market rates and understanding the value of one's skills can lead to better compensation. Confidence in negotiation can result in salary increases and other benefits.
