The average salary for a risk management specialist in Michigan is around $75,560 per year.
Avg Salary
Risk management specialists earn an average yearly salary of $75,560.
Wages typically start from $46,700 and go up to $126,930.
21% above national average Updated in 2021
Risk management specialist earnings by seniority
Top-level risk management specialist earnings begin at:
$61.02 per hour
$126,930 per year
Senior-level risk management specialist earnings begin at:
$48.07 per hour
$99,980 per year
Mid-level risk management specialist earnings begin at:
$36.33 per hour
$75,560 per year
Junior-level risk management specialist earnings begin at:
$24.59 per hour
$51,150 per year
Starting level risk management specialist earnings begin at:
$22.45 per hour
$46,700 per year
Approximate values based on highest and lowest earning segments.
Risk management specialist salary by state
| State Name | Average Salary |
|---|---|
| Maryland | $87,190 |
| New York | $81,960 |
| Connecticut | $81,090 |
| Virginia | $80,950 |
| New Jersey | $80,510 |
| Ohio | $80,290 |
| Colorado | $79,830 |
| Oregon | $79,030 |
| Rhode Island | $78,870 |
| Indiana | $78,120 |
| Pennsylvania | $78,080 |
| Massachusetts | $77,740 |
| South Carolina | $77,560 |
| Hawaii | $77,450 |
| Illinois | $77,450 |
| California | $77,420 |
| North Carolina | $76,570 |
| Alaska | $76,540 |
| Utah | $76,450 |
| Michigan | $75,560 |
| North Dakota | $75,420 |
| Georgia | $75,090 |
| Minnesota | $74,670 |
| Alabama | $73,510 |
| Delaware | $73,080 |
| Guam | $71,410 |
| West Virginia | $71,240 |
| Washington | $70,800 |
| Arizona | $69,200 |
| New Hampshire | $68,870 |
| Oklahoma | $66,790 |
| Maine | $63,830 |
| Vermont | $63,470 |
| New Mexico | $62,710 |
| Montana | $62,340 |
| Texas | $61,570 |
| Missouri | $61,170 |
| Iowa | $60,970 |
| Arkansas | $60,830 |
| Tennessee | $60,390 |
| Louisiana | $57,760 |
| Nebraska | $55,390 |
| Kentucky | $53,410 |
| Wyoming | $53,410 |
| Idaho | $50,990 |
| Wisconsin | $50,120 |
| Mississippi | $49,490 |
| South Dakota | $48,300 |
| Florida | $48,270 |
| Kansas | $48,060 |
| Nevada | $39,780 |
| Puerto Rico | $30,470 |
| District of Columbia | $107,540 |
How do risk management specialist salaries compare to similar careers?
Risk management specialists earn about the same as related careers in Michigan. On average, they make less than business analysts but more than auditors.
| Career | Median Salary |
|---|---|
| Business analyst salary | $80K |
| Actuary salary | $80K |
| Financial analyst salary | $79K |
| Consultant salary | $79K |
| Budget analyst salary | $79K |
| Investment banker salary | $76K |
| Fraud analyst salary | $76K |
| Financial quantitative analyst salary | $76K |
| Risk management specialist salary | $76K |
| Auditor salary | $72K |
Source: CareerExplorer (Aggregated)