Average Risk Manager Salary in Canada

The line graph shows Risk Manager salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.

For Risk Manager working less than a year in a company, you notice that their annual salary starts around $72,100.00.

As the years of experience reaches 1 to 4, there is a significant increase of $9,454.16 which would give a total wage of CAD81,554.16.

Once the experience reaches 5-9 years Risk Manager salary would increase again to a total of $94,767.25, adding $13,213.09 from the last salary increase.

After reaching the 10-19 year experience in their career, decrease in salary is noted to a total of $105,255.94.

And finally, once the Risk Manager gains 20 years of experience or more, their salary would reach $102,076.80.

The bar graph data indicates the importance of specific skills which can have a direct impact on Risk Manager's salary. It clearly highlights the skills needed for a post of Risk Manager when hired by an employer.

The most vital skill expected of Risk Manager is Statistical Analysis which impacts the most than the rest of the skills indicated with a staggering 9% comparatively. Therefore, one’s salary would greatly depend on their skills in Statistical Analysis.

The skill least likely to affect one’s pay would be Financial Modeling with 1%. It can be said that Financial Modeling skill will unlikely impact the salary.

This combination of a line and the bar graph shows how the experience affects the salary of Risk Manager. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.

As shown in the trends, lowest earning is $75,392.00 whereas the highest earning is $108,255.00 which clearly shows the salary increases with the level of expertise.

Late Career person will earn the maximum salary of $108,255.00 at 12%. So to summerize, Entry Level earns 22% less than the average salary, Early Career earns 11% less than the average salary, Mid Carrer earns 1% more than the average salary, Late Career earns 12% more than the average salary, Experienced earns 6% more than the average salary.