Average Risk Management Specialist Salary in Egypt for 2024

In this article, we will look at the average Risk Management Specialist salary for 2024 in Egypt 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 Egyptian pound. To keep things simple, we are using the EGP currency code instead of the currency symbol £.

How Much Does a Risk Management Specialist Make in Egypt?

A Risk Management Specialist working in Egypt will typically earn around 128,900 EGP per year, and this can range from the lowest average salary of about 67,800 EGP to the highest average salary of 197,600 EGP.

Average Annual Salary
128,900 EGP
Average Monthly Salary
10,741 EGP

Lowest Annual Salary
67,800 EGP
Lowest Monthly Salary
5,650 EGP

Highest Annual Salary
197,600 EGP
Highest Monthly Salary
16,466 EGP

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

Risk Management Specialist 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 Specialist Salaries in Egypt

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

Salary ranges

We already know that a Risk Management Specialist can earn between 67,800 EGP and 197,600 EGP on average in Egypt. 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 Specialist in Egypt is 125,100 EGP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 125,100 EGP, and 50% of the population earn more than 125,100 EGP.

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 Specialist salary in Egypt, 25% of the population are earning less than 85,760 EGP while 75% of the population earn more than 85,760 EGP.

75% of the population earn less than 152,100 EGP, and 25% of the population earn more than 152,100 EGP.

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 Specialist Salary by Experience Level in Egypt

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 specialist 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 Specialist in Egypt that has less than two years of experience can expect to earn somewhere in the region of 78,120 EGP.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Management Specialist salary would increase to 99,560 EGP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Management Specialist, the average salary would be 138,200 EGP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 161,300 EGP.
  • 15 - 20 Years Experience. A Risk Management Specialist with 15 to 20 years of experience can earn an average of 180,300 EGP.
  • 20+ Years Experience. For a Risk Management Specialist with more than 20 years, the expected average salary increases to 190,500 EGP.

Average Salary by Experience Chart

0-2 Years
78,120 EGP
2-5 Years +23%
99,560 EGP
5-10 Years +42%
138,200 EGP
10-15 Years +17%
161,300 EGP
15-20 Years +10%
180,300 EGP
20+ Years +6%
190,500 EGP

Risk Management Specialist Salary by Education Level in Egypt

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 Specialist in Egypt 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 Specialist in Egypt with a bachelor's degree education can earn an average salary of 89,460 EGP.

  • Master's Degree. A Risk Management Specialist in Egypt with a master's degree education can earn an average salary of 174,000 EGP.

Average Salary by Education Chart

Bachelor's Degree
89,460 EGP
Master's Degree +93%
174,000 EGP

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 Egypt is around 46,000 to 138,000 EGP 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 Specialist 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 Egypt, a male risk management specialist will earn an average of 139,100 EGP, while a female risk management specialist will earn around 117,440 EGP.

This means that a male risk management specialist earns approximately 18% more than a female risk management specialist for performing the same job.

Average Salary by Gender Chart in Egypt

Male
139,100 EGP
Female -18%
117,440 EGP

Risk Management Specialist Average Pay Raise in Egypt

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 Specialist in Egypt is around 14% every 16 months.

The national average pay raise across all professions and industries in Egypt is around 9% every 17 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 ÷ 16 ) × 12  = 11%

What this means is that a Risk Management Specialist in Egypt can expect to receive an average pay raise of around 11% every 12 months.

Annual Pay Raise by Industry in Egypt for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Risk Management Specialist Bonus and Incentive Rates in Egypt

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 Specialist is a high bonus based job, with 77% of employees reporting at least one bonus in the last 12 months.

23% 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
77%
No Bonus
23%

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

Public Sector
114,380 EGP
Private Sector -7%
106,600 EGP

Salaries for Jobs Similar to a Risk Management Specialist

In the table below, we have salary information for jobs that are similar to a Risk Management Specialist in Egypt.

Job Title Category Salary
Assistant Business Development Manager Business Planning 148,300 EGP
Assistant Merchandise Planner Business Planning 85,020 EGP
Business Advisor Business Planning 130,400 EGP
Business Analyst Business Planning 138,200 EGP
Business Consultant Business Planning 128,900 EGP
Business Continuity Associate Business Planning 81,880 EGP
Business Developer Business Planning 88,620 EGP
Business Development Analyst Business Planning 99,920 EGP
Business Development Associate Business Planning 65,080 EGP
Business Development Coordinator Business Planning 79,600 EGP
Business Development Director Business Planning 185,100 EGP
Business Development Engineer Business Planning 107,880 EGP
Business Development Executive Business Planning 139,100 EGP
Business Development Manager Business Planning 167,100 EGP
Business Development Specialist Business Planning 130,400 EGP
Business Manager Business Planning 150,000 EGP
Business Operations Specialist Business Planning 128,500 EGP
Business Process Writer Business Planning 74,560 EGP
Business Systems Analyst Business Planning 138,800 EGP
Capacity Planner Business Planning 97,060 EGP
Capacity Planning Supervisor Business Planning 124,400 EGP
Change Communications Analyst Business Planning 116,780 EGP
Change Control Analyst Business Planning 128,500 EGP
Change Impact Analyst Business Planning 127,700 EGP
Contracts Executive Business Planning 124,400 EGP
Corporate Strategy Analyst Business Planning 138,800 EGP
Cost Control Engineer Business Planning 88,600 EGP
Cost Controller Business Planning 97,760 EGP
Cost Estimator Business Planning 89,120 EGP
Data Executive Business Planning 67,020 EGP
Data Manager Business Planning 100,580 EGP
Data Processing Manager Business Planning 123,400 EGP
Development Researcher Business Planning 99,560 EGP
Director of Business Development Business Planning 185,100 EGP
Director of Production Planning Business Planning 159,100 EGP
Due Diligence Analyst Business Planning 148,300 EGP
Estimating Manager Business Planning 139,100 EGP
General Manager Business Planning 161,600 EGP
Incident Handler Business Planning 93,660 EGP
Incident Specialist Business Planning 108,080 EGP
Lean Consultant Business Planning 99,340 EGP
Manager Business Planning 176,800 EGP
Marketing and Business Development Manager Business Planning 168,100 EGP
Materials Planner Business Planning 58,000 EGP
Merchandise Assistant Business Planning 56,640 EGP
Merchandise Controller Business Planning 56,100 EGP
Merchandise Planner Business Planning 56,640 EGP
Operations Analyst Business Planning 119,700 EGP
Operations Manager Business Planning 137,400 EGP
Operations Research Analyst Business Planning 77,860 EGP
Planning and Reporting Manager Business Planning 139,100 EGP
Planning Director Business Planning 183,600 EGP
Project Administrator Business Planning 87,000 EGP
Project Manager Business Planning 138,200 EGP
Project Planner Business Planning 80,280 EGP
Research Assistant Business Planning 73,820 EGP
Research Engineer Business Planning 85,760 EGP
Research Officer Business Planning 68,360 EGP
Scholarship Coordinator Business Planning 66,120 EGP
Store Planner Business Planning 67,560 EGP
Strategy Director Business Planning 183,600 EGP
Top Research and Development Executive Business Planning 190,500 EGP

Salary Comparison by City

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

City Average Salary
Alexandria 124,400 EGP
Cairo 142,300 EGP
Sharm el-Sheikh 109,520 EGP

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