Mutual Fund Risk Managers
A mutual fund is a professionally managed investment pool that is sold to the public through the sale of shares representing an ownership interest. Risk managers identify, study, and work to reduce risks (e.g., risky investment strategies, weaknesses in computer security, etc.) at mutual fund companies. They are also known as risk officers, chief risk officers, and risk analysts.
Minimum Education Level
In March 2020, mid-career chief risk officers earned an average salary of $153,550, according to PayScale.com. Salaries ranged from $99,000 or less to $241,000 or more.
According to Robert Half’s 2020 Salary Guide: Accounting and Finance, risk analysts with three to five years of experience had the following salary ranges based on specialty:
- credit risk ana...
Risk management professionals work in typical office settings with access to the latest computer technology and office equipment. They usually work 40 or more hours per week, according to the U.S. Department of Labor. Most risk managers find the careers to be extremely rewarding, although they may encounter stressful situations when their colleagues or managers disagree with their risk-manageme...
Job opportunities for financial managers (an occupational category that includes risk managers) who work for firms that manage funds, trusts, and other financial vehicles will increase by 16 percent through 2028, according to the U.S. Department of Labor, or much faster than the average for all careers. According to the DOL, some specialties within the financial management field will be in part...