Risk managers earned median annual salaries of $111,765 in 2020, according to Salary.com. Earnings ranged from $83,348 to $142,656 or more. According to RIMS-The Risk Management Society, risk professionals at all levels saw their base compensation decline an average of 1.7 percent from 2017 to 2019. Chief risk officers, who earned median annual salaries of $198,900 in 2019, were an exception; they experienced a 4 percent increase during this time frame.
Risk managers receive benefits such as paid vacation and sick days, health and life insurance, pensions, and stock options. Benefits can be very generous at top investment banks. Some offer flexible work schedules and job sharing, family-focused programs (e.g., adoption leave, childcare services, eldercare services), on-site fitness centers, work/life coaching, and employee discounts on various products and services (such as bank and insurance products).
- Chief Information Officers
- Financial Quantitative Analysts
- Tax Managers
- Wealth Management Accountants
- Wealth Management Analysts
- Wealth Management Associates
- Wealth Management Compliance Professionals
- Wealth Management Investor Relations Specialists
- Wealth Management Lawyers
- Wealth Management Managing Directors
- Wealth Management Vice Presidents
