Home > Salary > Estonia > Risk Management Specialist
A risk management specialist is responsible for identifying, assessing, and minimizing potential risks that may impact an organization's operations, financial stability, reputation, or compliance with regulations. They analyze data, conduct risk assessments, and develop strategies to mitigate risks. These professionals collaborate with various departments within the organization to create risk management plans, policies, and procedures. They also monitor and evaluate the effectiveness of risk management activities, making recommendations for improvement when necessary. Additionally, risk management specialists stay updated on industry trends, regulatory requirements, and emerging risks to ensure the organization remains prepared and resilient.
Estimated Yearly Salary: 39,001 EUR
Estimated Monthly Salary: 3,250 EUR
Estimated Weekly Salary: 750 EUR per week
Estimated Hourly Salary: 19 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,138 EUR
Estimated Weekly Salary: 724 EUR per week
Estimated Hourly Salary: 18 EUR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 39,116 USD
Estimated Monthly Salary: 3,260 USD
Estimated Weekly Salary: 752 USD per week
Estimated Hourly Salary: 19 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 39,001 EUR
Estimated Monthly Salary: 3,250 EUR
Estimated Weekly Salary: 750 EUR per week
Estimated Hourly Salary: 19 EUR per hour
By working as Risk Management Specialist a person can save up to 2,154 USD per month or 25,849 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Estonia, see costs of living in Estonia.
Estimated Yearly Salary for Risk Management Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Risk Management Specialist salary in Estonia
Average Yearly Salary of Risk Management Specialist in Estonia is approximately 39,001 EUR (39,116 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Risk Management Specialist do?
A risk management specialist is responsible for identifying, assessing, and minimizing potential risks that may impact an organization's operations, financial stability, reputation, or compliance with regulations. They analyze data, conduct risk assessments, and develop strategies to mitigate risks. These professionals collaborate with various departments within the organization to create risk management plans, policies, and procedures. They also monitor and evaluate the effectiveness of risk management activities, making recommendations for improvement when necessary. Additionally, risk management specialists stay updated on industry trends, regulatory requirements, and emerging risks to ensure the organization remains prepared and resilient.
Skills: Risk management, Risk assessment, Data analysis, Compliance, Mitigation strategies, Industry trends.
Job industry: Finance
Job industry: Finance
How much does Risk Management Specialist make?
Salary details
How much does Risk Management Specialist make?Estimated Yearly Salary: 39,001 EUR
Estimated Monthly Salary: 3,250 EUR
Estimated Weekly Salary: 750 EUR per week
Estimated Hourly Salary: 19 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 37,660 EUREstimated Monthly Salary: 3,138 EUR
Estimated Weekly Salary: 724 EUR per week
Estimated Hourly Salary: 18 EUR per hour
Last revision of data: 2024-01-06Risk Management Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 39,116 USD
Estimated Monthly Salary: 3,260 USD
Estimated Weekly Salary: 752 USD per week
Estimated Hourly Salary: 19 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Estonia, located in Northern Europe, is a small country with a population of approximately 1.3 million people. It covers an area of around 45,000 square kilometers, making it one of the smallest countries in the European Union. Despite its size, Estonia has made significant advancements in technology and digital innovation, earning it the nickname "e-Estonia."
Estimated national average yearly salary is 25,152 EUR (27,640 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Specialist job salary compared to average salary in Estonia.
Comparison shows that a person working as Risk Management Specialist in Estonia earns on average:
1.55 times the average salary (or 155% of average salary).
Estimated national average yearly salary is 25,152 EUR (27,640 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Specialist job salary compared to average salary in Estonia.
Comparison shows that a person working as Risk Management Specialist in Estonia earns on average:
1.55 times the average salary (or 155% of average salary).
Is Risk Management Specialist a well paid job?
Yes, our data shows that Risk Management Specialist is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Risk Management Specialist?
High salary for Risk Management Specialist would be somewhere between 42,901 EUR and 56,551 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Risk Management Specialist in Estonia?
Living in Estonia the approximate monthly expenses are: 1,106 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 39,001 EUR
Estimated Monthly Salary: 3,250 EUR
Estimated Weekly Salary: 750 EUR per week
Estimated Hourly Salary: 19 EUR per hour
By working as Risk Management Specialist a person can save up to 2,154 USD per month or 25,849 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Estonia, see costs of living in Estonia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Russia, Latvia, Finland.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Risk Management Specialist
Russia is 18,104 USD
Latvia is 30,335 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Estonia
(288,066 EUR per year, pre-tax.)
2. Cardiologist
(240,102 EUR per year, pre-tax.)
(231,505 EUR per year, pre-tax.)
4. Neurosurgeon
(224,746 EUR per year, pre-tax.)
(224,064 EUR per year, pre-tax.)
(219,685 EUR per year, pre-tax.)
(218,978 EUR per year, pre-tax.)
8. Urologist
(218,750 EUR per year, pre-tax.)
(218,678 EUR per year, pre-tax.)
10. Dermatologist
(218,557 EUR per year, pre-tax.)
Data as of 2025Random salary:
Particle physicist (53,071 EUR per year, pre-tax.)
Office lead (12,890 EUR per year, pre-tax.)
Child care center director (23,801 EUR per year, pre-tax.)
Editorial photographer (28,019 EUR per year, pre-tax.)
Hr department supervisor (18,679 EUR per year, pre-tax.)
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Please note:The salary figures presented here are intended for informational purposes solely.
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