The average salary for a risk management specialist in Minnesota is around $83,280 per year.
Avg Salary
Risk management specialists earn an average yearly salary of $83,280.
Wages typically start from $60,680 and go up to $132,080.
26% above national average Updated in 2025
Risk management specialist earnings by seniority
Top-level risk management specialist earnings begin at:
$63.50 per hour
$132,080 per year
Senior-level risk management specialist earnings begin at:
$54.19 per hour
$112,720 per year
Mid-level risk management specialist earnings begin at:
$40.04 per hour
$83,280 per year
Junior-level risk management specialist earnings begin at:
$33.45 per hour
$69,570 per year
Starting level risk management specialist earnings begin at:
$29.17 per hour
$60,680 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 Minnesota. On average, they make less than underwriters but more than credit analysts.
| Career | Median Salary |
|---|---|
| Underwriter salary | $81K |
| Budget analyst salary | $86K |
| Market research analyst salary | $88K |
| Accountant salary | $82K |
| Auditor salary | $82K |
| Financial quantitative analyst salary | $83K |
| Fraud analyst salary | $83K |
| Risk management specialist salary | $83K |
| Investment banker salary | $83K |
| Credit analyst salary | $83K |
Source: CareerExplorer (Aggregated)