▼32%
$113,012
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$86k
MEDIAN
$113k
90%
$157k
The average salary for a Risk Manager is $113,012 in 2025
Base Salary
$86k - $157k
Bonus
$817 - $32k
Profit Sharing
$0 - $26k
Total Pay
$92k - $189k
Is Average Experienced Risk Manager Salary in Chicago, Illinois your job title? Find out what you should be paid
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What is the Pay by Experience Level for Risk Managers?
What Do Risk Managers Do?
Find your market worth – how it works:
Common Health Benefits for a Risk Manager
Medical
90%
Dental
80%
Vision
80%
None
10%
Gender Breakdown for Risk Managers
Female
83.3%
Male
16.7%
This data is based on 6 survey responses. Learn more about the gender pay gap.
FAQs About Risk Managers
What is the highest pay for Risk Managers in Chicago?
Our data indicates that the highest pay for a Risk Manager in Chicago is $157k / year
What is the lowest pay for Risk Managers in Chicago?
Our data indicates that the lowest pay for a Risk Manager in Chicago is $86k / year
How can Risk Managers increase their salary?
Increasing your pay as a Risk Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Risk Manager that oversees more junior Risk Managers, this experience can increase the likelihood to earn more.