The average salary for a risk management specialist in Indiana is around $92,410 per year.
Avg Salary
Risk management specialists earn an average yearly salary of $92,410.
Wages typically start from $55,290 and go up to $132,510.
42% above national average Updated in 2025
Risk management specialist earnings by seniority
Top-level risk management specialist earnings begin at:
$63.71 per hour
$132,510 per year
Senior-level risk management specialist earnings begin at:
$54.47 per hour
$113,300 per year
Mid-level risk management specialist earnings begin at:
$44.43 per hour
$92,410 per year
Junior-level risk management specialist earnings begin at:
$34.94 per hour
$72,670 per year
Starting level risk management specialist earnings begin at:
$26.58 per hour
$55,290 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 Indiana. On average, they make less than mathematicians but more than financial analysts.
| Career | Median Salary |
|---|---|
| Mathematician salary | $88K |
| Investment fund manager salary | $80K |
| Economist salary | $81K |
| Securities and commodities broker salary | $68K |
| Stock trader salary | $68K |
| Investment banker salary | $92K |
| Fraud analyst salary | $92K |
| Financial quantitative analyst salary | $92K |
| Risk management specialist salary | $92K |
| Financial analyst salary | $82K |
Source: CareerExplorer (Aggregated)