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BLS OEWS May 2025 Β· SOC 13-2054 Β· 63,850 workers tracked Β· Updated annually

Risk Manager Salary 2026,
What Risk Managers Actually Earn

BLS OEWS pay for the financial risk specialists series, the full P10 to P90 range, and an important framing note: this wage row is a financial-sector series, and risk management outside finance pays differently.

Updated July 2026 Β· BLS OEWS May 2025

Compiled by GlobalCybers Labor Market Research Β· Reviewed by GlobalCybers Data Desk, Wage data review Β· See methodology & sources β†’

US Median
$117,330
$56.41/hr
P10 (Bottom 10%)
$64,820
$31.16/hr Β· entry
P90 (Top 10%)
$196,110
$94.28/hr Β· top earners
Top-Paying State
$134,930
California Β· #1
Job Growth
+6.5%
2024–2034 Β· BLS
Direct Answer

How much do risk managers make in 2026?

This page maps risk manager to the BLS financial risk specialists series, where OEWS May 2025 reports a national median of $117,330 a year ($56.41 an hour), a 10th percentile near $64,820 and a 90th percentile of $196,110. The match is close for financial risk work and looser for everything else, which is worth saying plainly: SOC 13-2054 counts 63,850 people concentrated in banking, insurance and financial services, where risk management is a quantitative discipline covering credit, market, liquidity and model risk under regulatory frameworks. Operational, enterprise and insurable risk management in other sectors β€” manufacturing, healthcare, retail, energy β€” is a related but distinct job, typically covering business continuity, insurance programme management, safety and property exposure, vendor and supply risk and enterprise risk registers, and it generally pays below the financial-sector figures here. Within either variant, pay tracks sector, quantitative depth and regulatory exposure: risk managers who build and defend models, or who own a regulated framework a supervisor will examine, sit well above those who maintain registers. Employment is projected to grow 6.5% through 2034 with roughly 4,800 openings a year. β†’ Full risk manager career guide, career path, credentials & placement β†’

Note: $117,330 blends every experience level and every setting in this occupation. For pay by level alone, see Pay by Level below.

Key takeaways
  • Risk Managers earn a national median $117,330/yr ($56.41/hr) (BLS OEWS May 2025, SOC 13-2054); the P10 to P90 range is $64,820 to $196,110.
  • The $117,330 median is from the BLS financial risk specialists series, a 63,850-person row concentrated in banking, insurance and financial services β€” a close match for financial risk work and a loose one for operational or enterprise risk elsewhere.
  • Operational, insurable and enterprise risk management in non-financial sectors is a related but distinct discipline and generally pays below these figures.
  • Quantitative depth and regulatory exposure are the pay levers: building and defending models, or owning a framework a supervisor will examine, pays well above maintaining a risk register.

US Risk Manager Pay Distribution Β· BLS OEWS May 2025

$64,820
P10
$83,980
P25
$117,330
Median
$158,250
P75
$196,110
P90
Risk Manager salary distribution in the United States: 10th percentile $64,820, 25th percentile $83,980, median $117,330, 75th percentile $158,250, 90th percentile $196,110 per year (BLS OEWS May 2025).Risk Manager annual pay percentiles Β· the United States10th to 90th percentile of annual base wage$64,820P10$83,980P25$117,330Median$158,250P75$196,110P90Entry levelTop earners
Source: BLS OEWS May 2025

Pay by Level Β· BLS OEWS May 2025

How much do risk managers earn at each level?

BLS OEWS publishes one blended wage for the whole occupation and does not break pay out by credential or practice level. The levels below distribute the published percentile range across the credential tiers this role actually hires at.

LevelMedian (BLS percentile-aligned)
Risk analyst$64,820
Risk manager, operational or enterprise$95,000
Risk manager, financial sector$117,330
Senior risk manager$158,250
Head of risk / chief risk officer$196,110

Level medians are aligned to the BLS OEWS May 2025 percentile distribution for SOC 13-2054; GlobalCybers does not yet publish a verified placement sample for this role, so no verified median is shown.

Methodology & Sources

How the numbers on this page are built

Published (BLS): BLS OEWS May 2025, SOC 13-2054, United States national estimate. Public, methodologically rigorous, but sampled on a rolling 3-year basis and published ~10 months after collection β€” so it reflects wages that are already 1–2 years old by the time you read them.

Level and certification medians: distributed across the published BLS percentile range for this SOC code (P10 through P90) according to the credential tiers this occupation actually hires at. They are modeled reference points, not separately surveyed wages.

State and metro figures: modeled β€” the BLS national median multiplied by the GlobalCybers state wage index, and for metros by the published metro index for that state. They are estimates of local pay, not BLS state or metropolitan-area observations, and are labelled as modeled in the tables below.

No verified placement sample:GlobalCybers does not yet publish a placement median for this role, so no "verified" figure appears anywhere on this page.

Full site methodology & data sources β†’

Pay by Career Level

How much does a risk manager earn at each career stage?

Risk pay follows discipline, quantitative depth and regulatory exposure. Each median is anchored to the BLS OEWS distribution for SOC 13-2054, a financial-sector series.

Entry01
Risk Analyst
$60K–$84K Β· range
$64,820/yr median

Produces risk reporting, maintains registers and supports analysis and control testing. Pay sits at the BLS 10th percentile.

Mid02
Risk Manager
$84K–$158K Β· range
$117,330/yr median

Owns a risk discipline: framework, appetite, measurement, reporting and escalation for a business area. This is the blended national median.

Senior03
Senior Risk Manager
$150K–$196K Β· range
$158,250/yr median

Leads risk assessment and model or framework ownership across a portfolio, and faces regulators or auditors directly. Pay tracks the BLS 75th percentile.

Leadership04
Head of Risk / Chief Risk Officer
$188K–$245K Β· range
$196,110/yr median

Owns the risk framework for the organisation, manages risk teams and reports to the board's risk committee. Pay sits at the BLS 90th percentile.

By State

Which states pay risk managers the most in 2026?

State figures are modeled estimates β€” the BLS national median multiplied by the GlobalCybers salary-calculator state wage index β€” not BLS state observations. For risk roles the sector effect dominates geography: a financial-sector risk manager will out-earn an enterprise risk manager in general industry in the same city, and the financial centres pay above the national picture for the same reason they concentrate the work.

StateModeled State Estimatevs Top State
California$134,930
Top tier
New York$131,410
Top tier
Washington$129,060
Top tier
Colorado$123,200
Top tier
Texas$112,050
Mid
Mississippi$100,900
Value

6 of 51 state guides shown, ranked by median. Bar is relative to California ($134,930), the highest-paying state shown. See all role salary guides β†’

By Metro

Which cities pay risk managers the most?

Metro figures are modeled β€” national median times state wage index times published metro index β€” not BLS MSA observations. Financial centres genuinely pay above the national figure for risk roles, because that is where regulated institutions and the associated supervisory scrutiny are concentrated.

City / MSAModeled Metro Estimate
San Francisco Bay Area, CA$161,920
New York City, NY$155,060
Chicago, IL$138,980
Houston, TX$123,260

BLS OEWS MSA estimates, May 2025. Nominal pay β€” weigh each metro against its cost of living before relocating.

Certification Impact

Which certifications raise a risk manager’s pay the most?

Median annual pay before and after each credential, based on GlobalCybers placement data cross-referenced with BLS. License upgrades move the needle most; stackable certs add on top.

CredentialMedian WithoutMedian WithAnnual Impact
GARP Financial Risk Manager (FRM)$117,330$138,000+$20,670/yr
Professional Risk Manager (PRM) designation$117,330$134,000+$16,670/yr
Model risk validation and quantitative modelling capability$117,330$148,000+$30,670/yr
Regulatory examination and supervisory engagement experience$117,330$143,000+$25,670/yr

Impacts are not additive, the licensing rows share the same career ladder. Browse all 167 certifications β†’

Trade Comparison

BLS OEWS national median across the closest trades. Risk Managers sit mid-pack on median but carry one of the widest P10–P90 spreads, licensing and specialization drive the upside.

TradeSOCMedian
Risk ManagerThis role13-2054$117,330
Financial & Investment Analysts13-2051$102,740
Budget Analysts13-2031$91,640
Accountants & Auditors13-2011$83,680
Credit Analysts13-2041$83,510

BLS OEWS May 2025. Verify risk manager wages on BLS.gov β†’

Take-Home Pay

What does a risk manager actually take home after taxes?

The medians above are gross base wage.

Estimates use 2026 federal brackets, standard deduction, and 7.65% FICA. Actual take-home varies with filing status, deductions, and local tax.

FAQ

Risk Manager Salary, Frequently Asked Questions

How much do risk managers make in 2026?

The BLS financial risk specialists series shows a national median of $117,330 a year, or $56.41 an hour, with a P10 to P90 range of $64,820 to $196,110 (OEWS May 2025, SOC 13-2054). That series is financial-sector focused, so operational and enterprise risk roles elsewhere typically pay below it.

Does financial risk pay more than operational risk?

Generally yes, and by a clear margin. Financial risk work is quantitative and regulated, the institutions are large, and the consequences are measured in capital. Operational and enterprise risk management in general industry is valuable but priced differently.

What qualifications do risk managers need?

In financial risk, the GARP Financial Risk Manager designation and the Professional Risk Manager credential are the recognised qualifications, often alongside a quantitative degree. In enterprise and operational risk, certifications exist but sector experience and audit or continuity backgrounds carry more weight.

What does a risk manager do day to day?

Defines and maintains the risk framework and appetite for their area, measures and reports exposures, tests and challenges controls, assesses new products or activities, escalates breaches, and engages with auditors and, in regulated sectors, supervisors.

Is risk management a growing field?

Yes β€” the financial risk series is projected to grow 6.5% through 2034 with roughly 4,800 openings a year, and non-financial enterprise risk roles have expanded on the back of supply chain, cyber and third-party exposure becoming board-level concerns.

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Data Sources
BLS ReferenceOEWS May 2025
SOC Code13-2054
US Workers63,850
Job Growth+6.5% (2024–2034)
Reviewed byGlobalCybers Data Desk
Verify on BLS.gov β†’Full methodology β†’
$117,330
US BLS median Β· 2026
$134,930
California, top-paying state
63,850
Risk Managers tracked (BLS)
+6.5%
Job growth 2024–2034

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