How much does a Risk Specialist make?
Risk specialists play a crucial role in many industries. They help companies avoid financial losses and manage uncertainties. The average yearly salary for a risk specialist is about $101,631. This figure can vary based on experience, location, and the type of industry.
Some risk specialists earn less than the average. About 11.57% of risk specialists make around $41,000 a year. On the higher end, about 1.71% earn close to $185,545 a year. Most risk specialists, around 14.89%, earn between $69,909 and $79,909 a year. Understanding these numbers can help job seekers set realistic salary expectations and goals.
What are the highest paying cities for a Risk Specialist?

-
Washington, DC
Average Salary: $135,940
Working in Washington, DC, offers a chance to collaborate with government agencies and major corporations. With firms like Accenture and Deloitte nearby, one can expect to manage risk with a focus on regulatory compliance. The city's political environment provides a unique perspective on risk management strategies.
Find Risk Specialist jobs in Washington, DC
-
Charlotte, NC
Average Salary: $126,395
Charlotte boasts a thriving financial sector, making it a prime location for risk management specialists. Companies such as Bank of America and Wells Fargo provide numerous opportunities. Working here means dealing with significant financial risks and ensuring robust security measures.
Find Risk Specialist jobs in Charlotte, NC
-
Boston, MA
Average Salary: $122,267
Boston is known for its strong educational institutions and innovative companies. Risk specialists here often work with tech firms and healthcare companies. The city's dynamic environment allows professionals to stay updated with the latest in risk management practices.
Find Risk Specialist jobs in Boston, MA
-
Chicago, IL
Average Salary: $120,293
Chicago's diverse business landscape offers many opportunities for risk specialists. Working with companies like JPMorgan Chase and Allstate, professionals here manage risks in a bustling financial hub. The city's size and variety of industries provide a rich experience.
Find Risk Specialist jobs in Chicago, IL
-
Seattle, WA
Average Salary: $120,012
Seattle's tech-driven economy creates a unique setting for risk specialists. With companies like Amazon and Microsoft, professionals here focus on cybersecurity and data protection. The innovative culture of the city encourages continuous learning and adaptation.
Find Risk Specialist jobs in Seattle, WA
-
San Francisco, CA
Average Salary: $116,678
In San Francisco, risk specialists often work in the tech industry with giants like Google and Facebook. The focus is on managing risks in rapidly evolving markets. The city's progressive environment allows for creative risk management solutions.
Find Risk Specialist jobs in San Francisco, CA
-
Philadelphia, PA
Average Salary: $111,759
Philadelphia offers a mix of industries, from finance to healthcare. Working with companies like Comcast and Independence Blue Cross, risk specialists here develop comprehensive risk strategies. The city’s rich history provides a stable backdrop for steady professional growth.
Find Risk Specialist jobs in Philadelphia, PA
-
San Diego, CA
Average Salary: $110,752
San Diego's vibrant economy features a mix of military, biotech, and tech companies. Risk specialists here ensure robust risk management practices. The city’s beautiful environment and quality of life make it an attractive place to work.
Find Risk Specialist jobs in San Diego, CA
-
St. Louis, MO
Average Salary: $108,091
St. Louis offers a blend of traditional industries and emerging tech companies. Working with firms like Edward Jones and Centene Corporation, professionals here manage risks effectively. The city’s strong sense of community supports a stable work environment.
Find Risk Specialist jobs in St. Louis, MO
-
Minneapolis, MN
Average Salary: $107,808
Minneapolis provides a solid mix of financial and healthcare sectors. Companies like UnitedHealth Group and Target offer numerous opportunities. The city’s focus on innovation and sustainability shapes risk management practices.
Find Risk Specialist jobs in Minneapolis, MN
What are the best companies a Risk Specialist can work for?

-
KPMG
Average Salary: $169,500
KPMG offers exciting opportunities for Risk Specialists across multiple locations. With offices in major cities, KPMG provides a dynamic environment where you can help clients manage financial and operational risks. KPMG’s focus on innovation and client service makes it an attractive choice for professionals.
-
Wells Fargo
Average Salary: $163,918
Wells Fargo offers competitive salaries for Risk Specialists in many locations. The company values risk management and provides opportunities for career growth. Risk Specialists work to protect the bank from financial and operational risks, helping ensure the company's stability and success.
-
HII
Average Salary: $145,361
HII provides a rewarding career for Risk Specialists, focusing on managing risks in the defense and aerospace sectors. With operations in Virginia and other locations, HII offers a stable environment for professionals looking to make an impact.
-
Deloitte
Average Salary: $136,332
Deloitte is known for its comprehensive approach to risk management. The company offers excellent benefits and opportunities for Risk Specialists in various locations. Deloitte's commitment to innovation and client service makes it an ideal place for professionals.
-
Amazon.com
Average Salary: $123,777
Amazon.com provides a dynamic and fast-paced environment for Risk Specialists. With a presence in many locations, Amazon offers a chance to manage risks in a global tech company. The company’s focus on customer satisfaction drives its need for effective risk management.
-
TD Bank
Average Salary: $111,190
TD Bank offers competitive salaries for Risk Specialists in various locations. The bank values risk management and provides a supportive environment for professionals. Risk Specialists at TD Bank help ensure the bank’s stability and success by managing financial and operational risks.
-
Huntington Bank
Average Salary: $102,066
Huntington Bank offers a stable and rewarding career for Risk Specialists. With operations in multiple locations, the bank provides a chance to manage risks in a supportive environment. Huntington Bank’s focus on community and customer service makes it an attractive choice for professionals.
-
USI Insurance Services
Average Salary: $90,417
USI Insurance Services offers a solid career path for Risk Specialists in the insurance sector. With offices in major cities, the company provides opportunities for managing risks in the insurance industry. USI Insurance Services values innovation and client service, making it a great choice for professionals.
-
U.S. Bank
Average Salary: $70,367
U.S. Bank provides a stable and supportive environment for Risk Specialists. The bank offers opportunities in many locations to manage financial and operational risks. U.S. Bank’s focus on customer service and community involvement makes it an attractive choice for professionals.
How to earn more as a Risk Specialist?
A Risk Specialist plays a key role in identifying, analyzing, and managing risks in an organization. To earn more in this field, one can take several actions that highlight their expertise and commitment to the role. Building a solid reputation and increasing your value in the job market can lead to higher earnings.
To achieve this, consider focusing on the following factors:
- Certifications: Obtain recognized certifications like the Certified Risk Manager (CRM) or Financial Risk Manager (FRM). These credentials show expertise and dedication to the field.
- Experience: Gain experience by working in different industries. Each sector has unique risks, and diverse experience makes a Risk Specialist more valuable.
- Technical Skills: Learn to use risk assessment tools and software. Proficiency in these areas can improve efficiency and effectiveness.
- Networking: Connect with other professionals in the industry. Attending conferences and joining associations can open doors to new opportunities and collaborations.
- Continuous Learning: Stay updated with the latest trends and best practices. Continuing education can lead to higher positions and better pay.



