Home > Salary > South Africa > Risk Management Consultant
A risk management consultant is responsible for identifying, assessing, and mitigating potential risks that may impact an organization's operations, financial stability, or reputation. They analyze data, conduct risk assessments, and develop strategies to minimize potential threats. Additionally, they provide guidance and recommendations to senior management on risk management policies, procedures, and best practices.
Risk management consultants work closely with various departments within an organization, such as finance, legal, and compliance, to ensure that appropriate risk management measures are implemented. They also collaborate with external stakeholders, such as insurance providers and regulatory agencies, to stay updated on industry standards and regulations.
Estimated Yearly Salary: 206,426 ZAR
Estimated Monthly Salary: 17,202 ZAR
Estimated Weekly Salary: 3,970 ZAR per week
Estimated Hourly Salary: 99 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 16,628 ZAR
Estimated Weekly Salary: 3,837 ZAR per week
Estimated Hourly Salary: 96 ZAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 10,292 USD
Estimated Monthly Salary: 858 USD
Estimated Weekly Salary: 198 USD per week
Estimated Hourly Salary: 5 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 206,426 ZAR
Estimated Monthly Salary: 17,202 ZAR
Estimated Weekly Salary: 3,970 ZAR per week
Estimated Hourly Salary: 99 ZAR per hour
By working as Risk Management Consultant a person can save up to 586 USD per month or 7,038 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 South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Risk Management Consultant
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Longshore equipment operator (69,557 ZAR per year, pre-tax.)
Office administrator (78,720 ZAR per year, pre-tax.)
Chief pharmacist (330,031 ZAR per year, pre-tax.)
Sales director (275,557 ZAR per year, pre-tax.)
Brokerage clerk (90,867 ZAR per year, pre-tax.)
Risk Management Consultant salary in South Africa
Average Yearly Salary of Risk Management Consultant in South Africa is approximately 206,426 ZAR (10,292 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 Consultant do?
A risk management consultant is responsible for identifying, assessing, and mitigating potential risks that may impact an organization's operations, financial stability, or reputation. They analyze data, conduct risk assessments, and develop strategies to minimize potential threats. Additionally, they provide guidance and recommendations to senior management on risk management policies, procedures, and best practices.
Risk management consultants work closely with various departments within an organization, such as finance, legal, and compliance, to ensure that appropriate risk management measures are implemented. They also collaborate with external stakeholders, such as insurance providers and regulatory agencies, to stay updated on industry standards and regulations.
Skills: Risk management, Consultant, Risk assessment, Mitigation strategies, Policy development, Compliance.
Job industry: Consulting
Job industry: Consulting
How much does Risk Management Consultant make?
Salary details
How much does Risk Management Consultant make?Estimated Yearly Salary: 206,426 ZAR
Estimated Monthly Salary: 17,202 ZAR
Estimated Weekly Salary: 3,970 ZAR per week
Estimated Hourly Salary: 99 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 199,540 ZAREstimated Monthly Salary: 16,628 ZAR
Estimated Weekly Salary: 3,837 ZAR per week
Estimated Hourly Salary: 96 ZAR per hour
Last revision of data: 2024-01-08Risk Management Consultant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 10,292 USD
Estimated Monthly Salary: 858 USD
Estimated Weekly Salary: 198 USD per week
Estimated Hourly Salary: 5 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Consultant job salary compared to average salary in South Africa.
Comparison shows that a person working as Risk Management Consultant in South Africa earns on average:
1.63 times the average salary (or 163% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Consultant job salary compared to average salary in South Africa.
Comparison shows that a person working as Risk Management Consultant in South Africa earns on average:
1.63 times the average salary (or 163% of average salary).
Is Risk Management Consultant a well paid job?
Yes, our data shows that Risk Management Consultant 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 Consultant?
High salary for Risk Management Consultant would be somewhere between 227,069 ZAR and 299,318 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Risk Management Consultant in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 206,426 ZAR
Estimated Monthly Salary: 17,202 ZAR
Estimated Weekly Salary: 3,970 ZAR per week
Estimated Hourly Salary: 99 ZAR per hour
By working as Risk Management Consultant a person can save up to 586 USD per month or 7,038 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. 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 Consultant
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 South Africa
(1,412,867 ZAR per year, pre-tax.)
2. Cardiologist
(1,176,011 ZAR per year, pre-tax.)
(1,138,908 ZAR per year, pre-tax.)
(1,102,268 ZAR per year, pre-tax.)
5. Neurosurgeon
(1,100,784 ZAR per year, pre-tax.)
(1,077,960 ZAR per year, pre-tax.)
(1,073,792 ZAR per year, pre-tax.)
(1,073,439 ZAR per year, pre-tax.)
9. Oncologist
(1,071,922 ZAR per year, pre-tax.)
10. Urologist
(1,071,632 ZAR per year, pre-tax.)
Data as of 2025Random salary:
Longshore equipment operator (69,557 ZAR per year, pre-tax.)
Office administrator (78,720 ZAR per year, pre-tax.)
Chief pharmacist (330,031 ZAR per year, pre-tax.)
Sales director (275,557 ZAR per year, pre-tax.)
Brokerage clerk (90,867 ZAR per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=south-africa&job=risk-management-consultant'><img src='https://optisalary.com/wp-content/graphs/salary/risk-management-consultant-salary-in-south-africa-2025.jpg' alt='risk management consultant salary in south africa 2025' title='risk management consultant salary in south africa 2025' /></a>
Please note:The salary data presented here are intended for informational purposes solely.
optisalary.com aggregates salary information for educational purposes only. While we strive to deliver correct figures, we do not ensure their full reliability. Users are strongly advised to check with additional sources before finalizing career-related decisions. Salary figures vary based on several factors, such as location, job role, and individual qualifications. We make no guarantees as to the correctness of the provided data. Your access of this site acknowledges acceptance of this disclaimer.
optisalary.com offers salary estimates for educational purposes exclusively. While we collect data from various sources, we do not guarantee full accuracy. Users are encouraged to consult trusted organizations before making major financial moves. Salaries shift due to various factors, such as market demand, employer policies, and geographic location. We cannot provide guarantee regarding the correctness of the displayed salary figures. Your continued access of this site confirms your understanding of these terms.