PMI RMP Salaries in 2024.


Increase in Salary


rewarding jobs


Salary Packages

What is the salary scope of the RMP Certificate?

Managing risks is one of the most important aspects of running a successful project. Failing to recognize and plan for risks can bring failure to the project. PMI RMP Certification holders are entrusted with managing risk. These professionals possess the skills and experience necessary to identify, evaluate and mitigate risks in projects.

Before deciding whether this is the perfect career choice for candidates, it is critical for them to understand how much salary they can anticipate in this field. Risk management can be a gratifying career, depending on the country they work in, their experience level, and the industry they operate within.

How much do RMP certified professionals earn?

Risk Management is a leading profession where individuals are highly rewarded for their contribution and hard work. Possessing RMP Certificate can increase professionals’ salaries by 14 percent. Typically, they earn an annual average salary of USD 113,000. However, an RMP professional's salary is influenced by various factors.

Salary based on experience

Experience translates into higher paychecks for those who invest their time wisely. The more experience a candidate has, the higher their expected compensation. As individuals progress on risk management skills, their level of pay increases accordingly. For example, executive-level positions, which demand higher qualifications to enter, pay higher salaries than entry-level risk management jobs.

Experience level Salary(USD) Salary(EUR) Salary(GBP)
Entry level USD 104,868 EURO 103,958 GBP 87,985
Mid level USD 124,359 EURO 123,270 GBP 104,335
Senior Level USD 156,850 EURO 155,477 GBP 131,595

Salary based on the job title

The title of one's job plays a significant role in determining their pay. RMP Certificate offers several job roles in the risk management field. The certification holders' salaries may range dependent on their job titles, since each job role has different roles and responsibilities.

Job Title Salary(USD)
Risk Manager USD 125,000
Operations Manager USD 85,000
Program Manager USD 130,000
Project Management Office (PMO) Manager USD 140,000
Chief Investment Officer USD 86,000
Project Engineer USD 128,451
Risk Management Specialist USD 140,000
Risk Analyst USD 100,000

Salary based on Industry

RMP aspirants choose to work in an industry that can have a significant impact on their salary. Fast-growing industries that depend heavily on technology and project management roles are paid the most on an average. However, there may be valid salary variations amongst companies in the same sectors. RMP practitioners can work in a wide range of fields, the following are among the highest paying.

Job Title Salary(USD) Salary(EUR) Salary(GBP)
Finance USD 133,466 EURO 132,618 GBP 112597
Engineering USD 118,000 EURO 117,250 GBP 99549
Construction USD 165,000 EURO 163,952 GBP 139200
Information Technology (IT) USD 126,675 EURO 125,870 GBP 106868
Consultation USD 119,732 EURO 118,971 GBP 101,010

Salary based on country

Locations is one of the most important factors in wage determination. The compensation is also influenced by living expenses and work demand. Therefore, if there is a high demand for RMP professionals in that area, businesses are more willing to invest their money and offer greater compensation with better packages. The table demonstrates how wages for RMP practitioners vary between nations.

Nation Salary(local currency) Salary(in USD)
USA USD 113,000 USD 113,000
United Kingdom GBP 50,0000 USD 59,185
India INR 11,00,000 USD 13,768
Canada CAD 98,000 USD 75,460
Australia AUD 115,000 USD 79226
China CNY 391,000 USD 57370
Japan JPY 989,000 USD 7,223
Brazil BRL 237,000 USD 45,854
Germany EUR 79,000 USD 79,462
Saudi Arabia SAR 247,000 USD 65,771
UAE AED 198,000 USD 52,906

Salary based on Companies

Individuals with RMP Certificates are preferred in most companies to manage risk is associated with the projects. In addition to location, country, job title, and experience, the size of the companies in which individuals work, affects the salaries of candidates. In general, the average annual salary for RMP practitioners tends to increase with organisation size.

  • J.P Morgan:RMP professionals working at J.P Morgan help the firm understand, manage and anticipate risks. They work across business functions such as operational risk, credit, and market risk. These professionals are responsible for conducting risk assessments and monitoring business systems to identify potential risks. Furthermore, they mitigate potential risks and propose appropriate solutions. The average salary of RMP professionals at J.P Morgan is USD 111,067 per year.
  • PayPal:Risk managers at PayPal oversee the activities of the risk management team and provide analytical and operational guidance to the team. They work closely with product managers and other risk analytical teams to identify practical solutions for risk prevention. Moreover, these professionals work with the technical team to improve systems and implement risk processes. Risk managers at PayPal earn USD 142,701 per year.
  • Bank of America:The responsibility of risk management experts at Bank of America is to manage all facets of risk, including reputational, operational, operational model, market, compliance, liquidity, and strategic risks to promote profitable, sustainable business growth. It also includes managing the bank's compliance risk and communicating the organization's risk policies and procedures. Moreover, they provide hands-on development of risk models and analytical support to assure controls are operating effectively. RMP professionals at Bank of America make USD 110,801 a year.
  • Deloitte:RMP specialists analyze complex business risks, risk-reducing internal controls, and opportunities to enhance internal controls. They execute capacity gap assessments, create recommended future states, and layout implementation strategies. Collaborating with subject matter experts in key risk management domains is also one of their responsibilties. RMP professionals at Deloitte earn an average yearly compensation of USD 114,995.

In the next 10 years, there will likely be an increase in the demand for individuals with risk management experience, creating an estimated 2 million new employment annually. Earning RMP Certification can help candidates position themselves as a potential candidate to fill these highly sought-after roles and earn lucrative salary packages.

An occurrence of a project risk is bound to impact a minimum of one of the project’s goals if not more. Project management is incomplete without risk quantification and estimation for which organizations recruit certified individuals. They segregate project risks from organizational risks. This trait sets them apart from non-certified professionals. No wonder certified individuals deserve and receive a relatively higher remuneration. No project is devoid of risk which further magnifies the need for professionals who have mastered its management.

The certification enables individuals with all the means of addressing project risks. These are namely, prevention, avoidance, reduction, transfer, and acceptance. They keep track of all known risks without missing out on the unknown ones. Such professionals lay the foundation for identifying risks and evaluating their consequences. The impact assessment is incomplete without the establishment of a framework. Predicting risks that are not visible but call for rigorous discovery is one of the potential skills that demand an impressive salary.

Entry-level RMP professionals earn an average pay of USD 104,868 annually, Senior level professionals make USD 156,850, while professionals with mid-level experience receive USD 124,359 annually.

Risk management is applied in various industries including finance, information technology, construction, and manufacturing. These industries require RMP professionals to manage risk in their projects. As the demand is high, companies offer them high salary packages. Therefore risk management is a rewarding career.

Risk management is getting popular and is expected to fulfill 2 million new employees annually. Earning RMP Certification can help candidates position themselves as a potential candidate to fill these highly sought-after roles and earn lucrative salary packages.

Unwanted risks in projects can lead to failure. So organizations need skilled professionals to manage those risks. RMP have skill and experience in managing potential risks. So companies are offering high salaries to RMP professionals.

The salary of an RMP Certificate varies due to geographical location, experience, job title, company, and industries they work in.

No, possessing RMP Certificate not only increases the salary of professionals but also provides various benefits. It helps in increasing career opportunities, improving professional status, boosting knowledge and expertise, improving project success rates, and helping organizations with risk management

Yes, If the demand for risk management professionals increases in the country, it will definitely increase their salary. For example, there is a great demand for RMP specialists in the USA, thus businesses pay them USD 113,000 per year. On the other hand, demand is lower in UAE compared to the USA, hence companies only provide USD 53906 to professionals.

Yes, obtaining RMP after PMP is advantageous and it is like having a double major. It boosts the value of the PMP Certificate and increases the earning potential.

Professionals with RMP Certificate can expect an average salary of USD 113,000 per year. However, it may vary due to location, job roles, experience, and so on.

According to the survey, RMP Certificate has the potential to increase a professional’s salary by 14%.

The certification enables individuals with all the means of addressing project risks. These are namely, prevention, avoidance, reduction, transfer, and acceptance.

Increase in project scope and low accuracy in project cost estimations result in cost risk. The outcome is escalation of the project’s expenses.