Risk Manager Salary (2025)
Risk managers identify and mitigate organizational risks.
The median Risk Manager salary is $113,000 per year ($54/hour). Entry-level Risk Managers earn around $75,000 while experienced Risk Managers earn $170,000 or more annually.
Risk Manager salaries vary based on experience, industry, and geographic location. Specializations in financial services or cybersecurity often command higher salaries, with senior roles reaching up to $170,000. Regions like New York and San Francisco typically offer higher compensation due to cost of living and demand, often exceeding the national median of $113,000.
AI-generated insight based on BLS data · For reference only
Salary Range
Median: $113,000 — positioned between entry and senior
Top Paying States for Risk Managers
| State | Est. Annual Salary | vs. National |
|---|---|---|
| Hawaii | $160,000 | +42% |
| California | $156,000 | +38% |
| New York | $145,000 | +28% |
| Alaska | $141,000 | +25% |
| Massachusetts | $141,000 | +25% |
| New Jersey | $136,000 | +20% |
| Connecticut | $133,000 | +18% |
| Washington | $130,000 | +15% |
Estimates based on cost-of-living index adjustments. Actual salaries vary by employer and experience.
How to Become a Risk Manager
Most Risk Manager positions require: Bachelor's in Finance + FRM certification. Salaries typically increase significantly with experience and specialization.
Risk Manager Salary by State
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Frequently Asked Questions
What is the average Risk Manager salary?
The median Risk Manager salary is $113,000 per year, which works out to approximately $54/hour based on a 40-hour work week.
How much does an entry-level Risk Manager make?
Entry-level Risk Managers typically earn around $75,000 per year. Salaries grow significantly with experience and specialization.
What is a senior Risk Manager's salary?
Experienced Risk Managers can earn up to $170,000 or more annually depending on location, employer, and specialization.
What education is required to become a Risk Manager?
Most Risk Manager positions require: Bachelor's in Finance + FRM certification.