Average Risk Management Director Salary in Rio de Janeiro, Brazil for 2026

In this article, we will look at the average Risk Management Director salary for 2026 in Rio de Janeiro and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Brazilian real. To keep things simple, we are using the BRL currency code instead of the currency symbol R$.

How Much Does a Risk Management Director Make in Rio De Janeiro?

A Risk Management Director working in Rio de Janeiro will typically earn around 232,400 BRL per year, and this can range from the lowest average salary of about 106,360 BRL to the highest average salary of 369,900 BRL.

Average Annual Salary232,400 BRL
Average Monthly Salary19,366 BRL
Average Lowest Salary106,360 BRL
Lowest Monthly Salary8,863 BRL
Average Highest Salary369,900 BRL
Highest Monthly Salary30,825 BRL

These are average salaries for a Risk Management Director in Rio de Janeiro and include benefits such as housing and transport. It's also possible for a Risk Management Director to earn more or less than the average salaries shown above.

Risk Management Director salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Risk Management Director Salaries in Rio de Janeiro

So we've looked at the average salaries a Risk Management Director will earn in Rio de Janeiro. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Risk Management Director can earn between 106,360 BRL and 369,900 BRL on average in Rio de Janeiro. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Risk Management Director in Rio de Janeiro is 253,400 BRL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 253,400 BRL, and 50% of the population earn more than 253,400 BRL.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Risk Management Director salary in Rio de Janeiro, 25% of the population are earning less than 159,500 BRL while 75% of the population earn more than 159,500 BRL.

75% of the population earn less than 335,800 BRL, and 25% of the population earn more than 335,800 BRL.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Risk Management Director Salary by Experience Level in Rio de Janeiro

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Risk Management Director salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Risk Management Director in Rio de Janeiro that has less than two years of experience can expect to earn somewhere in the region of 119,900 BRL.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Management Director salary would increase to 161,300 BRL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Management Director, the average salary would be 239,000 BRL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 294,700 BRL.
  • 15 - 20 Years Experience. A Risk Management Director with 15 to 20 years of experience can earn an average of 317,700 BRL.
  • 20+ Years Experience. For a Risk Management Director with more than 20 years, the expected average salary increases to 344,600 BRL.

Average Salary by Experience Chart

0-2 Years-
119,900 BRL
2-5 Years+34%
161,300 BRL
5-10 Years+48%
239,000 BRL
10-15 Years+22%
294,700 BRL
15-20 Years+9%
317,700 BRL
20+ Years+8%
344,600 BRL

Risk Management Director Salary by Education Level in Rio de Janeiro

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Risk Management Director in Rio de Janeiro based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Risk Management Director in Rio de Janeiro with a bachelor's degree education can earn an average salary of 142,300 BRL.
  • Master's Degree. A Risk Management Director in Rio de Janeiro with a master's degree education can earn an average salary of 273,300 BRL.

Average Salary by Education Chart

Bachelor's Degree-
142,300 BRL
Master's Degree+93%
273,300 BRL

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Brazil is around 42,800 to 128,000 BRL and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Risk Management Director Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Rio de Janeiro, a male risk management director will earn an average of 212,500 BRL, while a female risk management director will earn around 196,800 BRL.

This means that a male risk management director earns approximately 8% more than a female risk management director for performing the same job.

Average Salary by Gender Chart in Rio de Janeiro

Male-
212,500 BRL
Female-8%
196,800 BRL

Risk Management Director Average Pay Raise in Rio de Janeiro

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Risk Management Director in Rio de Janeiro is around 14% every 18 months.

The national average pay raise across all professions and industries in Brazil is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 14 ÷ 18 ) × 12  = 9%

What this means is that a Risk Management Director in Rio de Janeiro can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Rio de Janeiro for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Brazil.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking-
3%
Energy-
6%
Information Technology-
9%
Healthcare-
3%
Travel-
6%
Construction-
9%
Education-
3%

Risk Management Director Bonus and Incentive Rates in Rio de Janeiro

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Risk Management Director is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus-
81%
No Bonus-
19%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Brazil earn approximately 7% more than private sector employees in the same role.

Public Sector-
106,500 BRL
Private Sector-7%
99,460 BRL

Salaries for Jobs Similar to a Risk Management Director

In the table below, we have salary information for jobs that are similar to a Risk Management Director in Rio de Janeiro.

Job TitleCategorySalary
Actuarial AnalystInsurance139,100 BRL
Actuarial AssistantInsurance99,340 BRL
Actuarial SpecialistInsurance103,260 BRL
ActuaryInsurance138,800 BRL
Adjustment Insurance ClerkInsurance36,580 BRL
Assistant BrokerInsurance68,060 BRL
Assistant Claims ManagerInsurance115,620 BRL
Associate Insurance RepresentativeInsurance51,120 BRL
Auditing Insurance ManagerInsurance152,000 BRL
BrokerInsurance100,580 BRL
Claim Advocacy ProfessionalInsurance104,600 BRL
Claims AdjusterInsurance40,560 BRL
Claims AnalystInsurance56,460 BRL
Claims ExaminerInsurance51,120 BRL
Claims ManagerInsurance150,000 BRL
Claims ProcessorInsurance41,700 BRL
Claims RepresentativeInsurance44,720 BRL
Claims Resolution SpecialistInsurance113,840 BRL
Claims SupervisorInsurance99,340 BRL
Complaints SpecialistInsurance93,100 BRL
Compliance ExaminerInsurance93,600 BRL
Compliance OfficerInsurance86,640 BRL
Compliance ReviewerInsurance96,680 BRL
ConsultantInsurance99,340 BRL
Eligibility InterviewerInsurance106,980 BRL
Eligibility SpecialistInsurance105,980 BRL
Insurance Account ManagerInsurance136,100 BRL
Insurance Accounts ExecutiveInsurance113,840 BRL
Insurance AdjusterInsurance99,280 BRL
Insurance AgentInsurance63,700 BRL
Insurance AnalystInsurance102,960 BRL
Insurance AppraiserInsurance109,000 BRL
Insurance Claims ClerkInsurance36,580 BRL
Insurance ExaminerInsurance93,220 BRL
Insurance InvestigatorInsurance99,340 BRL
Insurance ManagerInsurance175,900 BRL
Insurance Operations ManagerInsurance185,100 BRL
Insurance Policy Processing ClerkInsurance41,660 BRL
Insurance Pricing AssistantInsurance85,440 BRL
Insurance Program ManagerInsurance143,200 BRL
Insurance Project ManagerInsurance125,700 BRL
Insurance Quality Assurance AgentInsurance91,380 BRL
Insurance Sales AgentInsurance60,180 BRL
Insurance Sales DirectorInsurance172,400 BRL
Insurance Sales ManagerInsurance138,200 BRL
Insurance Sales RepresentativeInsurance54,700 BRL
Insurance Team LeaderInsurance111,240 BRL
Insurance UnderwriterInsurance77,640 BRL
Loss Control SpecialistInsurance101,840 BRL
Loss Prevention InvestigatorInsurance112,460 BRL
Loss Prevention ManagerInsurance146,200 BRL
Loss Prevention SpecialistInsurance111,460 BRL
Marine UnderwriterInsurance73,980 BRL
Medical AuditorInsurance105,800 BRL
Monitoring and Performance OfficerInsurance73,760 BRL
Payment Services SpecialistInsurance109,000 BRL
Policy Change DirectorInsurance157,600 BRL
Policy Change SupervisorInsurance110,380 BRL
Policy Change TechnicianInsurance52,540 BRL
Risk AnalystInsurance114,820 BRL
Risk Management SupervisorInsurance136,100 BRL
Risk ManagerInsurance187,300 BRL
Risk Modeling ManagerInsurance191,600 BRL
Title Insurance TypistInsurance84,560 BRL
Training ManagerInsurance116,180 BRL

Salary Comparison by City

If you want to compare salaries with different cities in Brazil, you can use the links below to explore the data for each specific city we have researched.

CityAverage Salary
Aracaju181,900 BRL
Belem195,550 BRL
Belo Horizonte204,500 BRL
Brasilia213,100 BRL
Campinas197,400 BRL
Cuiaba174,850 BRL
Curitiba195,400 BRL
Fortaleza204,100 BRL
Goiania198,100 BRL
Joao Pessoa175,900 BRL
Londrina171,400 BRL
Macapa175,850 BRL
Maceio186,050 BRL
Manaus197,550 BRL
Maringa165,800 BRL
Natal177,700 BRL
Petrolina and Juazeiro164,950 BRL
Porto Alegre193,100 BRL
Recife204,950 BRL
Salvador200,500 BRL
Santos171,350 BRL
Sao Luis184,200 BRL
Sao Paulo204,200 BRL
Teresina183,700 BRL
Vale do Aco174,050 BRL
Vitoria172,450 BRL

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