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Risk Management Director Average Salary in Brazil 2024

How much money does a person working as Risk Management Director make in Brazil?


Average Monthly Salary
16,900 BRL
( 203,000 BRL yearly)

LOW
8,790
BRL
AVERAGE
16,900
BRL
HIGH
25,900
BRL
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Risk Management Director in Brazil typically earns around 16,900 BRL. Salaries range from 8,790 BRL (lowest) to 25,900 BRL (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Risk Management Director salaries in Brazil vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Risk Management Director Pay Scale and Salaries in Brazil

Median and salary distribution Brazil Risk Management Director monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
15,300 BRL or more
10% of people earn
13,600 to 15,300 BRL
20% of people earn
9,950 BRL or less
65% of people earn
9,950 to 13,600 BRL
Minimum Salary
8,790 BRL
Median
15,400 BRL
Maximum
25,900 BRL




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Risk Management Director in Brazil range from 8,790 BRL (starting salary) to 25,900 BRL (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 15,400 BRL, half of the professionals who work as Risk Management Director in Brazil earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Risk Management Director in Brazil earn less than 12,700 BRL, while 75% earn more. Similarly, the chart shows that 75% earn less than 17,400 BRL while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Risk Management Director in Brazil compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 9,950 BRL to 13,600 BRL. About 20% of salaries are below the 9,950 BRL mark, while 10% fall within the range of 13,600 BRL to 15,300 BRL. Only 5% of individuals have salaries exceeding 15,300 BRL.

Salary Comparison by Years of Experience / Risk Management Director / Brazil

How do experience and age affect pay?

0 - 2 Years
9,980 BRL
2 - 5 Years+34%
13,400 BRL
5 - 10 Years+30%
17,400 BRL
10 - 15 Years+21%
21,100 BRL
15 - 20 Years+9%
23,000 BRL
20+ Years+5%
24,200 BRL
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Brazil Risk Management Director
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Risk Management Director and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 9,980 BRL.

While someone with an experience level between two and five years is expected to earn 13,400 BRL, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 17,400 BRL, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 21,100 BRL, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 23,000 BRL, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 24,200 BRL, 5% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Risk Management Director / Brazil

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Risk Management Director.

Bachelor's Degree
14,100 BRL
Master's Degree+39%
19,500 BRL
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Brazil Risk Management Director
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Risk Management Director in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 14,100 BRL.


Level 2: Master's Degree

At this level, the average salary becomes 19,500 BRL, 39% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Brazil costs anywhere from 43,000 BRL to 129,000 BRL and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Risk Management Director / Brazil

Salary comparison by gender Brazil Risk Management Director monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Risk Management Director in Brazil, the average difference between the salary of male and female employees is 10%.

Male
17,800 BRL
Female-9%
16,300 BRL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Brazil for all Careers

Salary comparison by gender monthly Brazil
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Average Annual Salary Increment Percentage / Risk Management Director / Brazil

How much are annual salary increments in Brazil for individuals working as Risk Management Director? How often do employees get salary raises?

Individuals working as Risk Management Director in Brazil are likely to observe a salary increase of approximately 13% every 18 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Brazil Risk Management Director
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Brazil / All Professions

Annual Salary Increment Rate Brazil
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Brazil is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Risk Management Director / Brazil

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Brazil Risk Management Director
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20% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
80%
No Bonus
20%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Risk Management Director / Brazil


98 BRL per hour

The average hourly wage (pay per hour) for individuals working as Risk Management Director in Brazil is 98 BRL.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Risk Management Director in Brazil is 51 BRL. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Insurance-100%
Actuarial Analyst11,500 BRL-32%
Actuarial Assistant8,320 BRL-51%
Actuarial Specialist8,680 BRL-49%
Actuary11,700 BRL-31%
Adjustment Insurance Clerk3,090 BRL-82%
Assistant Broker5,530 BRL-67%
Assistant Claims Manager9,710 BRL-43%
Associate Insurance Representative4,410 BRL-74%
Auditing Insurance Manager12,700 BRL-25%
Blockchain Insurance Auditor8,220 BRL-51%
Broker8,340 BRL-51%
Claim Advocacy Professional8,600 BRL-49%
Claims Adjuster3,280 BRL-81%
Claims Analyst4,730 BRL-72%
Claims Examiner4,410 BRL-74%
Claims Manager12,400 BRL-27%
Claims Processor3,350 BRL-80%
Claims Representative3,710 BRL-78%
Claims Resolution Specialist9,520 BRL-44%
Claims Supervisor8,320 BRL-51%
Complaints Specialist7,700 BRL-54%
Compliance Examiner7,900 BRL-53%
Compliance Officer7,320 BRL-57%
Compliance Reviewer8,040 BRL-52%
Consultant8,320 BRL-51%
Drone Claims Adjuster4,020 BRL-76%
Eligibility Interviewer9,040 BRL-47%
Eligibility Specialist8,690 BRL-49%
Insurance Account Manager11,200 BRL-34%
Insurance Accounts Executive9,520 BRL-44%
Insurance Adjuster8,290 BRL-51%
Insurance Agent5,200 BRL-69%
Insurance Analyst8,730 BRL-48%
Insurance Appraiser8,950 BRL-47%
Insurance Claims Clerk3,090 BRL-82%
Insurance Compliance Officer9,780 BRL-42%
Insurance Data Scientist8,220 BRL-51%
Insurance Examiner7,860 BRL-53%
Insurance Fraud Investigator6,920 BRL-59%
Insurance Investigator8,320 BRL-51%
Insurance Manager14,800 BRL-12%
Insurance Operations Manager15,400 BRL-9%
Insurance Policy Processing Clerk3,380 BRL-80%
Insurance Pricing Assistant7,170 BRL-58%
Insurance Product Manager10,100 BRL-40%
Insurance Program Manager11,900 BRL-30%
Insurance Project Manager10,600 BRL-37%
Insurance Quality Assurance Agent7,540 BRL-55%
Insurance Sales Agent5,040 BRL-70%
Insurance Sales Director14,400 BRL-15%
Insurance Sales Manager11,600 BRL-31%
Insurance Sales Representative4,550 BRL-73%
Insurance Team Leader9,120 BRL-46%
Insurance Underwriter6,370 BRL-62%
Insurtech Analyst8,140 BRL-52%
Loss Control Specialist8,370 BRL-50%
Loss Prevention Investigator9,280 BRL-45%
Loss Prevention Manager12,100 BRL-28%
Loss Prevention Specialist9,130 BRL-46%
Marine Underwriter6,240 BRL-63%
Medical Auditor8,750 BRL-48%
Monitoring and Performance Officer6,180 BRL-63%
Parametric Insurance Specialist8,970 BRL-47%
Payment Services Specialist8,950 BRL-47%
Peer-to-Peer Insurance Manager11,000 BRL-35%
Policy Change Director13,000 BRL-23%
Policy Change Supervisor9,240 BRL-45%
Policy Change Technician4,270 BRL-75%
Risk Analyst9,460 BRL-44%
Risk Management Director16,900 BRL=
Risk Management Supervisor11,200 BRL-34%
Risk Manager15,600 BRL-8%
Risk Modeling Manager16,100 BRL-5%
Social Media Risk Analyst9,010 BRL-47%
Title Insurance Typist7,180 BRL-58%
Training Manager9,640 BRL-43%
Underwriting Assistant4,240 BRL-75%

Salary Comparison By City

CityAverage Salary
Brasilia18,300 BRL
Rio de Janeiro19,400 BRL
Sao Paulo18,100 BRL

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Brazil is 6% on average across all career fields.

Private Sector
8,360 BRL
Public Sector+6%
8,880 BRL
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Risk Management Director in Brazil?

A good and competitive compensation would range anywhere between 15,400 BRL and 17,400 BRL. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Risk Management Director in Brazil ranges from 8,790 BRL to 12,700 BRL. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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