The average salary for a risk management specialist in Illinois is around $81,180 per year.
Avg Salary
Risk management specialists earn an average yearly salary of $81,180.
Wages typically start from $50,240 and go up to $147,230.
26% above national average Updated in 2025
Risk management specialist earnings by seniority
Top-level risk management specialist earnings begin at:
$70.78 per hour
$147,230 per year
Senior-level risk management specialist earnings begin at:
$50.22 per hour
$104,460 per year
Mid-level risk management specialist earnings begin at:
$39.03 per hour
$81,180 per year
Junior-level risk management specialist earnings begin at:
$30.12 per hour
$62,650 per year
Starting level risk management specialist earnings begin at:
$24.15 per hour
$50,240 per year
Approximate values based on highest and lowest earning segments.
Risk management specialist salary by state
| State Name | Average Salary |
|---|---|
| Massachusetts | $99,970 |
| New Jersey | $98,630 |
| Virginia | $92,930 |
| Indiana | $92,410 |
| Ohio | $90,060 |
| Colorado | $87,430 |
| Alabama | $87,110 |
| South Dakota | $86,260 |
| West Virginia | $86,200 |
| New Hampshire | $83,590 |
| Minnesota | $83,280 |
| Oregon | $83,080 |
| Arizona | $81,180 |
| Illinois | $81,180 |
| Connecticut | $81,090 |
| Washington | $80,930 |
| North Carolina | $80,900 |
| California | $80,810 |
| Delaware | $80,610 |
| New Mexico | $80,610 |
| Idaho | $79,440 |
| Iowa | $79,390 |
| Rhode Island | $78,990 |
| Pennsylvania | $78,610 |
| North Dakota | $78,260 |
| Georgia | $77,540 |
| Hawaii | $77,190 |
| Alaska | $77,070 |
| Oklahoma | $76,980 |
| Utah | $76,530 |
| South Carolina | $76,400 |
| Montana | $76,350 |
| Wyoming | $75,810 |
| Missouri | $75,800 |
| Vermont | $75,270 |
| Michigan | $75,040 |
| Mississippi | $73,920 |
| Texas | $71,650 |
| Guam | $71,410 |
| Tennessee | $69,240 |
| Nebraska | $66,290 |
| Kentucky | $65,690 |
| Wisconsin | $64,420 |
| Nevada | $61,930 |
| Florida | $61,660 |
| Arkansas | $60,600 |
| Louisiana | $59,860 |
| Kansas | $51,160 |
| Puerto Rico | $30,470 |
| District of Columbia | $125,110 |
| Maine | $109,060 |
| New York | $107,490 |
| Maryland | $101,400 |
How do risk management specialist salaries compare to similar careers?
Risk management specialists earn about the same as related careers in Illinois. On average, they make less than financial analysts but more than loan officers.
| Career | Median Salary |
|---|---|
| Financial analyst salary | $101K |
| Credit analyst salary | $85K |
| Underwriter salary | $90K |
| Budget analyst salary | $95K |
| Consultant salary | $82K |
| Risk management specialist salary | $81K |
| Investment banker salary | $81K |
| Financial quantitative analyst salary | $81K |
| Fraud analyst salary | $81K |
| Loan officer salary | $79K |
Source: CareerExplorer (Aggregated)