Principal Consultant Risk Management information
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$25.96 - $32.43
2% of jobs
$32.43 - $38.90
3% of jobs
$38.90 - $45.37
3% of jobs
$45.37 - $51.84
10% of jobs
$54.12 is the 25th percentile. Wages below this are outliers.
$51.84 - $58.30
18% of jobs
The median wage is $64.31 / hr.
$58.30 - $64.77
15% of jobs
$64.77 - $71.24
10% of jobs
$71.24 - $77.71
9% of jobs
$79.87 is the 75th percentile. Wages above this are outliers.
$77.71 - $84.18
13% of jobs
$84.18 - $90.65
8% of jobs
$90.65 - $97.12
8% of jobs
How much do principal consultant risk management jobs pay per hour?
As of Sep 13, 2026, the average hourly pay for principal consultant risk management in the United States is $67.33, according to ZipRecruiter salary data. Most workers in this role earn between $54.33 and $82.21 per hour, depending on experience, location, and employer.
A Principal Consultant in Risk Management is a senior professional who advises organizations on identifying, assessing, and mitigating risks that could impact their operations, reputation, or financial standing. They design and implement risk management frameworks, policies, and procedures tailored to the client's needs. Their role often involves leading teams, managing large projects, and providing strategic guidance to ensure compliance with regulations and industry standards. Principal Consultants typically have extensive experience in risk assessment, regulatory requirements, and consulting practices.
As a Principal Consultant in Risk Management, you will often serve as the primary liaison between the client and your internal team. Your responsibilities include leading risk assessment workshops, aligning stakeholders on risk priorities, and ensuring effective communication throughout the engagement. You may work closely with analysts, subject matter experts, and client executives to design and implement tailored risk mitigation strategies. This role demands both strong project leadership and the ability to foster collaborative, trust-based relationships, ensuring that all parties remain aligned towards shared objectives.
To thrive as a Principal Consultant in Risk Management, you need expertise in risk assessment, regulatory compliance, and strategic planning, often supported by a relevant degree and certifications such as CRM, FRM, or CPA. Familiarity with risk management software, data analytics tools, and governance frameworks like ISO 31000 is typically required. Outstanding communication, leadership, and stakeholder management skills distinguish top performers in this role. These competencies are crucial for delivering effective risk solutions, ensuring regulatory compliance, and guiding clients through complex risk landscapes.
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