The average salary for a risk management specialist in Michigan is around $75,040 per year.
Avg Salary
Risk management specialists earn an average yearly salary of $75,040.
Wages typically start from $45,980 and go up to $139,480.
23% above national average Updated in 2025
Risk management specialist earnings by seniority
Top-level risk management specialist earnings begin at:
$67.06 per hour
$139,480 per year
Senior-level risk management specialist earnings begin at:
$48.67 per hour
$101,240 per year
Mid-level risk management specialist earnings begin at:
$36.08 per hour
$75,040 per year
Junior-level risk management specialist earnings begin at:
$27.08 per hour
$56,330 per year
Starting level risk management specialist earnings begin at:
$22.10 per hour
$45,980 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 Michigan. On average, they make less than securities and commodities brokers but more than cost estimators.
| Career | Median Salary |
|---|---|
| Securities and commodities broker salary | $73K |
| Stock trader salary | $73K |
| Auditor salary | $79K |
| Accountant salary | $79K |
| Loan officer salary | $74K |
| Risk management specialist salary | $75K |
| Investment banker salary | $75K |
| Financial quantitative analyst salary | $75K |
| Fraud analyst salary | $75K |
| Cost estimator salary | $78K |
Source: CareerExplorer (Aggregated)