Business
What you can do with Risk Management
Assessing and pricing risk, and managing the insurance that protects people and companies.
- Careers
- 5
- Early career
- $70,000
- Mid-career
- $112,000
- Growing fast
- 2 of 5
How these numbers work: A major does not have its own salary. Early and mid-career pay is what people who hold this degree earn at the start of their careers and midway through them. Career pay comes from the 5 careers a Risk Management degree commonly leads to, and counts everyone in those jobs, including people who have been doing them for thirty years. The two answer different questions, which is why they do not match.
The New York Fed does not report Risk Management on its own. Its early and mid-career figures here are for Finance, the broader group it places this major in.
2 of 5 careers this degree leads to are projected to grow faster than average from 2024 to 2034. Of those, Financial Risk Specialist has the most openings, about 4,800 a year.
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5 careers this degree leads to
Actuary
$130,000Analyze the financial costs of risk and uncertainty using mathematics, statistics, and financial theory.
- Middle half of workers
- $97,680 to $170,650
- Growth
- Much faster than average
- Openings a year
- 2,400
Work-life78Remote80Satisfaction76- Statistical Modeling
- Risk Assessment
- Financial Mathematics
- Programming (R/Python)
Financial Risk Specialist
$117,330Measure and manage the financial risks a company faces, from markets to credit to operations.
- Middle half of workers
- $83,980 to $158,250
- Growth
- Much faster than average
- Openings a year
- 4,800
- Quantitative Analysis
- Modeling
- Statistics
- Communication
Insurance Underwriter
$81,370Decide which risks an insurer should take and at what price by evaluating applications against data and judgment.
- Middle half of workers
- $64,620 to $110,390
- Growth
- Declining
- Openings a year
- 8,200
Work-life67Remote73- Risk Assessment
- Data Analysis
- Attention to Detail
- Critical Thinking
Claims Adjuster / Examiner
$78,000Investigate insurance claims, decide what the policy covers and settle what is owed.
- Middle half of workers
- $61,160 to $98,030
- Growth
- Declining
- Openings a year
- 21,100
- Investigation
- Negotiation
- Policy Knowledge
- Attention to Detail
Insurance Sales Agent
$62,280Match people and businesses with the insurance coverage they need, building a book of long-term clients.
- Middle half of workers
- $46,870 to $96,950
- Growth
- About average
- Openings a year
- 47,000
Work-life44Remote70- Consultative Sales
- Needs Assessment
- Relationship Building
- Product Knowledge
Related majors
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Where these pay figures come from
Early and mid-career pay is the median annual wage of full-time workers who hold a bachelor's degree in that major, ages 22 to 27 and ages 35 to 45, from 2024 data. Source: U.S. Census Bureau, American Community Survey (IPUMS). Published as Outcomes by Major by the Federal Reserve Bank of New York.
Career pay is the annual wage of everyone working in that occupation, not only recent graduates, so it includes people who have done the job for decades. The middle half is the 25th to the 75th percentile. U.S. Bureau of Labor Statistics and O*NET OnLine (median and percentile annual wages May 2025; employment projections 2024-2034).
All figures are national. What you earn depends on where you work, who you work for, and how far you take the degree.