Average Salary Range of a Risk Management Specialist

For those interested in a career as a Risk Management Specialist, salary will vary depending on a variety of factors such as experience, education, and geographic location.

According to the Bureau of Labor Statistics, the median annual wage for Risk Management Specialists was $71,520 in May 2019. However, the lowest 10 percent earned less than $44,940, while the highest 10 percent earned more than $127,870.

Salary ranges also depend on the specific industry in which the Risk Management Specialist is employed. For example, Risk Management Specialists working in the insurance industry tend to have higher salaries, with a median annual wage of $82,240 in 2019. Meanwhile, those employed in the finance and insurance industry earned a median wage of $70,210 in May 2019.

Regardless of the industry, experience is an important factor in determining salary range. Risk Management Specialists with more experience typically earn higher wages than those with less experience.

Furthermore, those with a bachelor's or master's degree in risk management may also be able to command a higher salary.

Overall, there is a wide range of salaries for Risk Management Specialists, depending on factors such as experience, education, and industry.

With the right set of skills and experience, Risk Management Specialists can expect to earn a comfortable salary.