What does a Risk Consultant do?

Risk consultants use their business, finance, and mathematics expertise to help firms seeking to decrease or eliminate risk while performing operational, financial, and technological business processes. They help clients to identify, understand, and manage risks related to daily operations. They provide clients with the necessary capacity to improve internal controls and corporate assurance frameworks while tackling the companies’ hazards and identifying risky opportunities.

Risk consultants oversee corporate risk management programs to guarantee minimal loss exposure, and execute compliance and clerical functions. They manage corporate insurance information and create and administer insurance budgets for a company. They help organizations re-evaluate operational procedures and guidelines to ensure that newly-established procedures align with top leadership directives, industry standards, and regulations. Risk consultants also discuss property and liability claims with relevant parties and need a bachelor's degree in business.

Work/Life Balance
3.5 ★
Salary Range--
Career Opportunity
3.7 ★
Avg. Experience2-4 years

Risk Consultant Salaries

Average Base Pay

$76,310 /yr
Same as national average
Not including cash compensation
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Median: $76K
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Glassdoor Estimated Salary

Risk Consultant Career Path

Learn how to become a Risk Consultant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Risk Consultant Insights

Read what Risk Consultant professionals have to say about their job experiences and view top companies for this career.
Risk Consultant
Aug 3, 2021

“Long hours and no extra hour paid.”

Risk Consultant
Nov 16, 2021

“Work load was not that interesting”

Wells FargoWells Fargo
Risk Consultant
Oct 13, 2020

“It is a little bit difficult for career growth”

Wells FargoWells Fargo
Operational Risk Consultant
Jun 24, 2020

“Pay is not the best”

Tech Risk Consultant
Jun 6, 2021

“Agile working with good career prospects”

Tech Risk Consultant
Sep 19, 2021

“pay is not competitive”

Risk Consultant
Oct 25, 2020

“Great team to work with”

Risk Consulting
Sep 17, 2021

“Great experience to work with clients”

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Risk Consultant Interviews

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