How much does a Head of Risk Management make?

As of April 01, 2025, the average annual salary for a Head of Risk Management in the United States is $269,290. Salary.com reports that pay typically ranges from $248,100 to $297,020, with most professionals earning between $228,808 and $322,267.

Head of Risk Management Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $297,020 $24,752 $5,712 $143
Average $269,290 $22,441 $5,179 $129
25th Percentile $248,100 $20,675 $4,771 $119

Average Salary

25% $248,100 10% $228,808 90% $322,267 75% $297,020 $269,290 50%(Median)
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How much does a Head of Risk Management make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Head of Risk Management salary data based on specialized databases to help you get a fairer salary. The average annual pay for a Head of Risk Management is about $269,290 a year, this translates to an approximate hourly rate of $129, a monthly salary of about $22,441, and a weekly pay of around $5,179 . Click the switch button below to see more details about Head of Risk Management hourly pay, weekly pay, monthly pay, and so on.

Last Updated on April 01, 2025

How Does Experience Level Affect a Head of Risk Management's Salary?

An entry-level Head of Risk Management with less than 1 year of experience earns about $256,323. With 1-2 years of experience, the average salary increases to $258,221. For 2-4 years of experience, the pay typically rises to $260,751. Senior-level professionals with 5-8 years of experience earn around $264,546, and those with over 8 years of experience can expect an average of $269,290.

Levels Salary
Entry Level Head of Risk Management $256,323
Intermediate Level Head of Risk Management $258,221
Senior Level Head of Risk Management $260,751
Specialist Level Head of Risk Management $264,546
Expert Level Head of Risk Management $269,290
$256,323 0 yr
$258,221 < 2 yrs
$260,751 2-4 yrs
$264,546 5-8 yrs
$269,290 > 8 yrs
Last Updated on April 01, 2025
Entry Level 5%
Mid Level 4%
Senior Level 3%
Top Level 2%
Experienced 0%
View as graph
Last Updated on April 01, 2025

How much does salary of Head of Risk Management vary from city to city?

Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.

For example, as of April 01, 2025:
  • In San Francisco, CA, the average yearly salary for a Head of Risk Management is $336,320.
  • In New York, NY, the average annual salary is $312,080.
  • In Boston, MA, a Head of Risk Management earns $300,340 per year.

What is the salary trend of Head of Risk Management?

As of April 01, 2025, our research reveals a significant shift in Head of Risk Management compensation over the past six years. For example, the median salary increased from $274,621 in 2023 to approximately $271,071 in 2024. (For a detailed analysis of Head of Risk Management salary trends, click here.)

Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.

Average Annual Salary of Head of Risk Management Over Time

2020
$???
2021
$???
2022
$???
$274,621
2023
$271,071
2024
$264,255
2025
2026
$???
Last Updated on April 01, 2025
2020
$???
2021
$???
2022
$???
2023
$274,621
2024
$271,071
2025
$264,255
2026
$???
Last Updated on April 01, 2025

Head of Risk Management Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $274,621
2024 $271,071
2025 $264,255
2026 View More
Last Updated on April 01, 2025

Job Openings of Head of Risk Management

Salary.com job board provides millions of Head of Risk Management information for you to search for. Click on search button below to see Head of Risk Management job openings or enter a new job title here.

Most Common Benefits for Head of Risk Management

Based on HR-reported data: a national average with a geographic differential
Base Salary 76.0%
Bonuses 0.0%
Social Security 4.0%
401k/403b 3.0%
Disability 1.5%
Healthcare 2.4%
Pension 3.8%
Time Off 9.3%
Core Compensation
Core Compensation Median % of Total
Base Salary $269,290 76.0%
Bonus $0 0.0%
Value of Benefits
Core Compensation Median % of Total
Social Security $14,358 4.0%
401K/403B $10,500 3.0%
Disability $5,386 1.5%
Healthcare $8,352 2.4%
Pension $13,500 3.8%
Time Off $33,143 9.3%
Total Compensation $354,529 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on April 01, 2025

What are the salaries of a Head of Risk Management with different levels of education?

Salaries for Head of Risk Management with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Head of Risk Management with a Bachelor's Degree is $261,204 - $283,487. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Head of Risk Management Salaries by Degree Level

Last Updated on April 01, 2025
Typical Education for Head of Risk Management
Degree Level % of user with this level of education
No Diploma 0.6%
High School 3.1%
Associates 2.5%
Bachelors 40.9%
Masters 44.7%
Doctorate 8.2%
Typical Education for Head of Risk Management
No Diploma 0.6%
High School 3.1%
Associates 2.5%
Bachelors 40.9%
Masters 44.7%
Doctorate 8.2%
view as table

Head of Risk Management Salaries by Degree Level

Last Updated on April 01, 2025

What Am I Worth?

FAQ about Head of Risk Management

1. What is the salary of Risk Manager VP?

The salary for a Head of Risk Management typically ranges from a minimum of $240,720 to a maximum of $323,910, with a mid-point salary of $280,770. This reflects the competitive nature of the role, especially in major financial hubs like London, where salaries for similar positions can vary significantly.

2. What are the highest salaries in risk management?

The highest salaries in risk management for the Head of Risk Management position range from a minimum of $240,720 to a maximum of $323,910 annually. The mid-salary is approximately $280,770, reflecting the competitive compensation in this field.

3. What is the highest position in risk management?

The highest position in risk management is typically the Chief Risk Officer (CRO). Other senior roles include Director of Risk Management and Head of Risk Management. Salaries for the Head of Risk Management range from $240,720 to $323,910, with a median salary of $280,770, reflecting the expertise and responsibility associated with these leadership roles.

4. Are risk managers in high demand?

Risk management roles are in high demand as companies navigate increasing challenges in areas like cybersecurity, regulatory compliance, and operational risks. The salary for a Head of Risk Management typically ranges from $240,720 to $323,910, with a median salary of $280,770, reflecting the critical importance of these positions in today's business landscape.

5. Is risk manager a stressful job?

Risk Management professionals often navigate complex uncertainties and must anticipate potential threats, which can be inherently stressful. However, with a salary range from $240,720 to $323,910, the financial rewards can be significant. By employing robust analytical frameworks and maintaining a proactive approach to risk assessment, they can mitigate stress effectively.

6. Is a master's in risk management worth it?

A master's in risk management can be worth it, as it equips graduates with specialized knowledge and skills, enhancing their prospects for senior roles. With salaries ranging from $240,720 to $323,910 for positions like Head of Risk Management, the investment in education can lead to significant financial rewards, job security, and overall job satisfaction.

About Our Data

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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The average salary for a Head of Risk Management is $269,290 per year in the United States, updated at April 01, 2025.
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