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Risk Manager Salary in 2025: A Complete Salary Guide
Sophia Ellis 12 February 2025Do you know how much a Risk Manager earns? A Risk Manager identifies, assesses, and mitigates potential risks affecting an organisation's operations or finances. They also build strategies. Read this blog to learn about a Risk Manager Salary and gain insight into top hiring companies you can start a career with.
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Table of Contents
Risk management extends beyond mitigating threats; it encompasses understanding the financial benefits tied to the role. Familiarising oneself with the landscape of Risk Manager salaries offers clarity and motivation. This comprehensive blog explores Risk Manager Salary across diverse regions and experience levels, while also highlighting top companies and career prospects within the field.
Table of Contents
1) Risk Manager Salary Based on Location
a) Risk Manager Salary in the United Kingdom
b) Risk Manager Salary in the United States
c) Risk Manager Salary in India
3) Top Companies Hiring a Risk Manager
4) Conclusion
Risk Manager Salary Based on Location
The salary of a Risk Manager varies significantly based on location as it reflects industry demands. Wages in countries like the UK, the US, and India may be higher. Let's explore the Risk Manager Salary according to their locations.
Risk Manager Salary in the United Kingdom
Risk managers earn £71,898 per year in the United Kingdom, depending on industry, company size, and experience level. London and other major cities often provide high salaries because of the cost of living and demand for skilled professionals in financial services.
Given below is the average annual salary of Risk Manager in UK based on the expertise level:
|
Experience Level |
Annual Salary Range |
|
Annual Salary Range |
£30,000 - £45,000 |
|
Intermediate Level (3-7 years) |
£30,000 - £45,000 |
|
Senior Level (7-10+ years) |
£65,000 - £85,000 |
|
Expert Level (10+ years) |
£85,000 - £110,000+ |
Source: Glassdoor
Risk Manager Salary in the United States
The average annual salary for Risk Managers in the USA is $141,958. Salaries vary significantly based on geographic location, with significant financial hubs like New York and San Francisco offering higher compensation packages. Industries such as banking, healthcare, and technology are critical employers of Risk Managers nationwide.
Given below is the average annual salary of Risk Manager in USA based on the expertise level:
|
Experience Level |
Annual Salary Range |
|
Annual Salary Range |
$60,000 - $80,000 |
|
Intermediate Level (3-7 years) |
$80,000 - $110,000 |
|
Senior Level (7-10+ years) |
$110,000 - $140,000 |
|
Expert Level (10+ years) |
$140,000 - $180,000+ |
Source: Glassdoor
Risk Manager Salary in India
In India, Risk Managers earn an average of ₹ 14,50,002 per annum. Factors such as the city of employment, company profile, and the candidate's skill set affect salaries. Cities like Mumbai, Delhi, and Bangalore offer competitive salaries, particularly in the banking, IT, and consulting sectors.
Given below is the average annual salary of Risk Manager in India based on the expertise level:
|
Experience Level |
Annual Salary Range |
|
Annual Salary Range |
₹4,00,000 - ₹8,00,000 |
|
Intermediate Level (3-7 years) |
₹8,00,000 - ₹15,00,000 |
|
Senior Level (7-10+ years) |
₹15,00,000 - ₹25,00,000 |
|
Expert Level (10+ years) |
₹25,00,000 - ₹40,00,000+ |
Source: Glassdoor
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Top Companies Hiring a Risk Manager
Various top companies hire Risk Manager to navigate through complex market dynamics. Here are some of them:
1) JPMorgan Chase: JPMorgan Chase hires Risk Managers to ensure proper risk management across its banking and investment divisions. It also focuses on economic stability and regulatory compliance.
2) HSBC: This banking giant is looking for Risk Managers to handle operational risks, enhance risk controls, and sustain compliance standards across its international operations.
3) Morgan Stanley: Morgan Stanley needs Risk Managers to monitor market risks and optimise risk-adjusted returns for clients and stakeholders.
4) Amazon: The company is known for its innovation in e-commerce and cloud computing. Amazon relies on Risk Managers to bolster its risk management frameworks, ensuring operational resilience and customer trust.
5) Microsoft: Microsoft seeks Risk Managers to look after risk strategies, cybersecurity measures, and compliance initiatives vital for sustaining growth and protecting data integrity.
6) KPMG: KPMG recruits Risk Managers to implement risk frameworks, perform risk assessments, and advise clients on compliance and governance best practices.
Conclusion
We hope this blog has given you valuable insights and understanding of a Risk Manager's salary worldwide. It also highlights the importance of strategic risk management in today's business landscape. Whether you're considering a career in risk management or aiming to advance within the field, we've provided key insights into earning potential. Additionally, preparing for risk management interviews is essential for career progression. Be sure to check out our Risk Management Interview Questions blog to help you get ready for your next opportunity.
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Frequently Asked Questions
What Certifications are Beneficial for a Risk Management Career?
Designations like Certified Risk Manager (CRM), Financial Risk Manager (FRM) and Project Management Professional (PMP) are very important. They demonstrate the skills needed to improve chances of employment within the risk management field.
What Industries Employ Risk Managers?
Different industries hire risk managers, among them being finance, insurance, healthcare, IT, manufacturing and consulting. All of them have specialised fields. Skilled professionals need to be employed in each sector to pinpoint, evaluate and control risks.
How is the Job Outlook for Risk Management Professionals?
The job outlook for professionals in Risk Management is strong. The demand is expected increase across various industries. Individuals with right skill set in regulatory compliance may find abundant opportunities.
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