Explore More Salaries
Browse our database for salaries in other careers or locations.
Risk Manager Salary in Johannesburg, South Africa
How much does a Risk Manager make in Johannesburg, South Africa?
R1,413,775 (ZAR)/year
Average Bonus
R116,636 (ZAR)
per Year
Total Compensation
R1,511,823.44
Entry Level
R993,690
Median
R1,395,187
Senior Level
R1,627,364
As of July, 23, 2026, the average risk manager gross salary in Johannesburg, South Africa is R1,413,775 or an equivalent hourly rate of R604. In addition, risk managers earn an average bonus of R116,636. An entry level risk manager with 1-3 years of experience earns an average salary of R993,690. At the higher end of the pay range, a senior level risk manager with 8+ years of experience earns an average salary of R1,627,364. Salary estimates are based on salary survey data collected directly from employers in Johannesburg, South Africa.
Data powered by ERI
Salary Potential for a Risk Manager
Explore the estimated salary growth for a Risk Manager in Johannesburg, South Africa for up to 5 years. The estimated salary of a Risk Manager will be R1,455,648 in 1 year and R1,635,916 in 5 years.
View Salary by Year
Estimated Salary
R1,498,762
Average Growth
6.0%
The estimated salary for a Risk Manager in 2 years is R1,498,762, which is 6.0% average growth. This information is based on ERI's compensation database.
Typical Risk Manager Education
This chart displays the highest level of education for Risk Managers.
- 0% of Risk Managers have less than a High School Diploma
- 7% of Risk Managers have a High School Diploma
- 4% of Risk Managers have an Associate's Degree
- 38% of Risk Managers have a Bachelor's Degree
- 51% of Risk Managers have a Master's Degree
- 0% of Risk Managers have a Doctorate Degree
The typical field of study for a Risk Manager is Finance.
See how education can impact your salaryPopular Skills for a Risk Manager
Presents reports
67%
Information analysis
58%
Advises management
55%
Develops reports
55%
Reviews reports
48%
Establishes policies
45%
These are the most popular skills for Risk Managers. About 67% of Risk Managers have a skill in Presents reports. The top 3 most popular skills for Risk Managers are presents reports, information analysis, and advises management.
See how skills can impact your salaryAre you getting paid what you're worth?
Discover your true earning potential. Get a personalized salary report and negotiate pay with confidence.
Where can a Risk Manager earn more?
Discover where a Risk Manager earns the most and choose a location that maximizes your career potential.
Risk Manager Salaries in Other Locations
Salaries for Similar Job Titles in Johannesburg, South Africa
Risk Manager Jobs
View moreCost of Living in Johannesburg, South Africa
The cost of living in Johannesburg, South Africa is 16% higher than the national average.
16% higher
than the national average
Whether you're planning to move or just want to see the cost of living in different locations, our cost-of-living calculator is the place to start. Compare salaries for other locations by city, U.S. ZIP code, state, or country.
Explore Cost-of-Living Calculator
Frequently Asked Questions
What does a Risk Manager do?
Manages, plans, and coordinates risk and insurance programs of establishment to control risks and losses. Identifies, evaluates, and implements corrective action against risks that may result in injury, property loss, damage, or legal liability. Analyzes and classifies risks as to frequency and potential severity, and measures financial impact of risk on company.
How much does a Risk Manager make in Johannesburg, South Africa?
The average salary for a Risk Manager is R1,413,775 per year or R604.18 per hour in Johannesburg, South Africa. Top earners have reported making up to R1,627,364. However, the typical pay range in Johannesburg, South Africa is between R993,690 and R1,627,364 annually.
What is the salary trajectory for a Risk Manager?
Risk Manager is projected to see a 15.7 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Risk Manager salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
For Employers
See How Employers Price Risk Manager
Explore how ERI's compensation data and analytics can help you benchmark salaries with ease and build competitive offers to maximize every pay decision.
Get Started