Risk Management Advisor Salary In Oklahoma 2024
Learn everything you need to know about becoming a Risk Management Advisor, including salary, schools, and programs.
Risk Management Advisor Salary in Oklahoma
Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
Annual and Hourly Risk Management Advisor Oklahoma Salary Table:
| Percentile | Annual Salary | Hourly Wage |
|---|---|---|
| 10th | $28,830 | $13.86 |
| 25th | $37,110 | $17.84 |
| Median | $47,000 | $22.6 |
| 75th | $76,890 | $36.97 |
| 90th | $106,710 | $51.3 |
Best Schools to become a Risk Management Advisor in Oklahoma 2024
Oklahoma State University-Main Campus
Southeastern Oklahoma State University
Tulsa Community College
University of Oklahoma-Norman Campus
Rogers State University
Southern Nazarene University
Browse Risk Management Advisor Salaries by the Top Cities in Oklahoma
Risk Management Advisor Salary in Oklahoma FAQs
What factors influence the salary of a Risk Management Advisor in Oklahoma?
Several factors affect the salary of a Risk Management Advisor in Oklahoma, including:
- Experience Level: More experienced advisors typically earn higher salaries due to their developed skills and expertise.
- Education: Holding advanced degrees or professional certifications can lead to higher pay.
- Industry Sector: Different industries may offer varying salary scales due to the complexity of risks associated with their operations.
- Location: Salaries can vary based on geographic location within Oklahoma, with urban areas often offering higher pay than rural regions.
- Company Size: Larger firms may have more resources and budget allocations for risk management roles compared to smaller organizations.
What skills are most valuable for a Risk Management Advisor?
The following skills are highly regarded in the field of risk management:
- Analytical Thinking: The ability to assess data and risks critically is essential.
- Communication Skills: Effectively communicating risk management strategies to stakeholders is crucial.
- Problem-Solving: Developing solutions to mitigate risks requires innovative thinking.
- Project Management: Managing multiple projects while adhering to timelines and budgets is important.
- Industry Knowledge: A strong understanding of regulations and compliance within specific industries enhances effectiveness.
How does certification affect salary potential for Risk Management Advisors?
Holding relevant certifications can positively impact your salary potential in several ways:
- Increased Credibility: Certifications demonstrate a commitment to the profession and enhance your credibility.
- Competitive Edge: They set you apart from other candidates during job searches and can lead to promotional opportunities.
- Knowledge Acquisition: Certification programs often provide in-depth knowledge and skills that can lead to higher efficiency in the role.
What is the typical career progression for a Risk Management Advisor?
Career progression for a Risk Management Advisor often follows these paths:
- Entry-Level Positions: Many start as analysts or junior advisors to gain foundational experience.
- Mid-Level Roles: Advisors advance to senior positions or management roles, overseeing teams and projects.
- Executive Roles: With significant experience and proven results, Risk Management Advisors may transition into executive roles, such as Chief Risk Officer or Vice President of Risk Management.
Are there additional benefits that can affect overall compensation?
Yes, several benefits can enhance the overall compensation package beyond base salary:
- Health Insurance: Employer-provided health coverage is a common benefit.
- Retirement Plans: Many employers offer retirement plans, including 401(k) matching.
- Bonuses and Incentives: Performance-based bonuses can significantly boost total earnings.
- Professional Development: Employers may provide funding for continuing education and certification courses.
- Flexible Work Arrangements: Options for remote work or flexible hours contribute to work-life balance, which can be considered an added value in overall compensation.
How can networking impact salary negotiations?
Networking can play a significant role in salary negotiations by:
- Expanding Opportunities: Connections in the industry can lead to higher-paying positions or insider knowledge about upcoming openings.
- Access to Resources: Networking groups may share salary benchmarks, equipping you with information to negotiate more effectively.
- Mentorship Opportunities: Engaging with more experienced professionals can provide guidance on career advancement and negotiation strategies.
What are some common challenges faced in the role of a Risk Management Advisor?
Risk Management Advisors often face several challenges, including:
- Evolving Regulations: Staying current with changing laws and regulations can be demanding.
- Risk Assessment: Identifying and quantifying risks can be complex, especially in diverse industries.
- Stakeholder Buy-in: Gaining approval for risk strategies from various stakeholders requires strong interpersonal skills and persuasion.
- Economic Factors: Fluctuations in the economy can affect risk management priorities and budget allocations.