Salary for Risk Management Specialists

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Risk management specialists observe, record and communicate operational and enterprise risk that an organization faces. They work to mitigate these risks by gathering data and assembling risk-assessment models and methodologies. Additionally, these professionals maintain input and data quality for risk assessment systems, and produce reports that demonstrate the risks they have identified, as well as potential mitigation strategies. A minimum of a Bachelor's degree is required for this position, although a large number of risk management specialists have Master's degrees, and some have their doctorates in related specialties.

A Risk Management Specialist will most likely earn a pay level on a scale from 48000 and 72000 depending on the level of education. Risk Management Specialists will most likely earn an average compensation of Sixty Five Thousand Three Hundred dollars annually.

Risk Management Specialists can make the most money in the District of Columbia, where they receive an average salary rate of approximating $90410. People with these jobs can obtain the highest compensation in Manufacturing, where they get an average salary rate of $86080.

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The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 17.67 percent nationwide in that time.
Risk Management Specialists tend to make the most in the following industries
Mining, Quarrying, and Oil and Gas Extraction $86,080
Manufacturing $76,110
Real Estate and Rental and Leasing $75,930
Professional, Scientific, and Technical Services $73,660
Utilities $72,770
Retail Trade $72,470
In general, they earn less within the industries below
Other Services (except Public Administration) $51,440
Health Care and Social Assistance $57,490
Accommodation and Food Services $57,830
Arts, Entertainment, and Recreation $61,500
Construction $64,250
Finance and Insurance $64,300