Average Risk Management Supervisor Salary in South Korea for 2024

In this article, we will look at the average Risk Management Supervisor salary for 2024 in South Korea 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 South Korean won. To keep things simple, we are using the KRW currency code instead of the currency symbol โ‚ฉ.

How Much Does a Risk Management Supervisor Make in South Korea?

A Risk Management Supervisor working in South Korea will typically earn around 66,481,700 KRW per year, and this can range from the lowest average salary of about 30,600,900 KRW to the highest average salary of 105,600,200 KRW.

Average Annual Salary
66,481,700 KRW
Average Monthly Salary
5,540,141 KRW

Lowest Annual Salary
30,600,900 KRW
Lowest Monthly Salary
2,550,075 KRW

Highest Annual Salary
105,600,200 KRW
Highest Monthly Salary
8,800,016 KRW

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

Risk Management Supervisor 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 Supervisor Salaries in South Korea

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

Salary ranges

We already know that a Risk Management Supervisor can earn between 30,600,900 KRW and 105,600,200 KRW on average in South Korea. 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 Supervisor in South Korea is 71,761,200 KRW. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 71,761,200 KRW, and 50% of the population earn more than 71,761,200 KRW.

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 Supervisor salary in South Korea, 25% of the population are earning less than 46,080,100 KRW while 75% of the population earn more than 46,080,100 KRW.

75% of the population earn less than 95,759,900 KRW, and 25% of the population earn more than 95,759,900 KRW.

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 Supervisor Salary by Experience Level in South Korea

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 supervisor 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 Supervisor in South Korea that has less than two years of experience can expect to earn somewhere in the region of 34,679,400 KRW.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Management Supervisor salary would increase to 46,319,900 KRW.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Management Supervisor, the average salary would be 68,518,700 KRW.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 83,521,700 KRW.
  • 15 - 20 Years Experience. A Risk Management Supervisor with 15 to 20 years of experience can earn an average of 90,958,900 KRW.
  • 20+ Years Experience. For a Risk Management Supervisor with more than 20 years, the expected average salary increases to 98,520,900 KRW.

Average Salary by Experience Chart

0-2 Years
34,679,400 KRW
2-5 Years +34%
46,319,900 KRW
5-10 Years +48%
68,518,700 KRW
10-15 Years +22%
83,521,700 KRW
15-20 Years +9%
90,958,900 KRW
20+ Years +8%
98,520,900 KRW

Risk Management Supervisor Salary by Education Level in South Korea

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 Supervisor in South Korea based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Risk Management Supervisor in South Korea with a high school education can earn an average salary of 42,601,100 KRW.

  • Certificate or Diploma. A Risk Management Supervisor in South Korea with a certificate or diploma education can earn an average salary of 50,039,800 KRW.

  • Bachelor's Degree. A Risk Management Supervisor in South Korea with a bachelor's degree education can earn an average salary of 72,601,900 KRW.

  • Master's Degree. A Risk Management Supervisor in South Korea with a master's degree education can earn an average salary of 95,161,700 KRW.

Average Salary by Education Chart

High School
42,601,100 KRW
Certificate or Diploma +18%
50,039,800 KRW
Bachelor's Degree +45%
72,601,900 KRW
Master's Degree +31%
95,161,700 KRW

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 South Korea is around 19,400,000 to 58,300,000 KRW 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 Supervisor 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 South Korea, a male risk management supervisor will earn an average of 68,878,700 KRW, while a female risk management supervisor will earn around 63,959,400 KRW.

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

Average Salary by Gender Chart in South Korea

Male
68,878,700 KRW
Female -8%
63,959,400 KRW

Risk Management Supervisor Average Pay Raise in South Korea

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 Supervisor in South Korea is around 13% every 16 months.

The national average pay raise across all professions and industries in South Korea 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 = ( 13 ÷ 16 ) × 12  = 10%

What this means is that a Risk Management Supervisor in South Korea can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in South Korea for 2024

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

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

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

Risk Management Supervisor Bonus and Incentive Rates in South Korea

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 Supervisor is a high bonus based job, with 85% of employees reporting at least one bonus in the last 12 months.

15% 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 5% to 9%.

Received Bonus
85%
No Bonus
15%

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 South Korea earn approximately 6% more than private sector employees in the same role.

Public Sector
47,880,300 KRW
Private Sector -6%
45,239,100 KRW

Salaries for Jobs Similar to a Risk Management Supervisor

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

Job Title Category Salary
Account Examiner Accounting and Finance 25,200,800 KRW
Account Executive Accounting and Finance 42,719,800 KRW
Accountant Accounting and Finance 33,841,700 KRW
Accounting Analyst Accounting and Finance 43,800,600 KRW
Accounting Assistant Accounting and Finance 26,880,900 KRW
Accounting Associate Accounting and Finance 24,841,800 KRW
Accounting Clerk Accounting and Finance 20,518,900 KRW
Accounting Coordinator Accounting and Finance 30,119,100 KRW
Accounting Head Accounting and Finance 67,558,400 KRW
Accounting Manager Accounting and Finance 69,359,500 KRW
Accounting Officer Accounting and Finance 24,239,000 KRW
Accounting Specialist Accounting and Finance 44,998,200 KRW
Accounting Supervisor Accounting and Finance 48,721,100 KRW
Accounting Technician Accounting and Finance 23,638,700 KRW
Accounting Unit Controller Accounting and Finance 54,719,600 KRW
Accounts Executive Accounting and Finance 42,479,000 KRW
Accounts Officer Accounting and Finance 26,399,200 KRW
Accounts Payable and Receivable Specialist Accounting and Finance 35,640,500 KRW
Accounts Payable Assistant Accounting and Finance 27,601,100 KRW
Accounts Payable Associate Accounting and Finance 31,800,300 KRW
Accounts Payable Clerk Accounting and Finance 24,599,500 KRW
Accounts Payable Manager Accounting and Finance 66,481,700 KRW
Accounts Receivable Administrator Accounting and Finance 47,519,800 KRW
Accounts Receivable Clerk Accounting and Finance 25,321,400 KRW
Accounts Receivable Financial Analyst Accounting and Finance 47,158,400 KRW
Accounts Receivable Manager Accounting and Finance 67,200,800 KRW
Accounts Receivable Team Leader Accounting and Finance 49,919,200 KRW
Assistant Accountant Accounting and Finance 25,679,100 KRW
Assistant Accounting Manager Accounting and Finance 65,759,500 KRW
Assistant Auditor Accounting and Finance 32,519,500 KRW
Assistant Corporate Controller Accounting and Finance 46,800,400 KRW
Assistant Finance Manager Accounting and Finance 68,639,200 KRW
Assistant Financial Controller Accounting and Finance 46,199,800 KRW
Audit Director Accounting and Finance 75,838,700 KRW
Audit Supervisor Accounting and Finance 61,321,600 KRW
Auditing Clerk Accounting and Finance 26,399,200 KRW
Auditing Manager Accounting and Finance 73,801,300 KRW
Billing Clerk Accounting and Finance 24,718,600 KRW
Billing Coordinator Accounting and Finance 30,001,600 KRW
Billing Specialist Accounting and Finance 34,799,800 KRW
Billing Supervisor Accounting and Finance 51,238,900 KRW
Bookkeeper Accounting and Finance 22,321,900 KRW
Bookkeeping Specialist Accounting and Finance 32,161,000 KRW
Budget Analyst Accounting and Finance 59,281,600 KRW
Budget Manager Accounting and Finance 71,878,800 KRW
Business Support Analyst Accounting and Finance 36,718,100 KRW
Capital Markets Associate Accounting and Finance 52,078,500 KRW
Cash Flow Analyst Accounting and Finance 53,398,300 KRW
Cash Management Manager Accounting and Finance 64,198,300 KRW
Cash Management Officer Accounting and Finance 37,800,500 KRW
Cashbook Clerk Accounting and Finance 21,961,700 KRW
Chartered Accountant Accounting and Finance 42,601,100 KRW
Chief Accountant Accounting and Finance 52,681,700 KRW
Collections Clerk Accounting and Finance 21,719,900 KRW
Collections Representative Accounting and Finance 29,161,000 KRW
Collections Specialist Accounting and Finance 33,001,000 KRW
Corporate Controller Accounting and Finance 56,158,300 KRW
Corporate Treasurer Accounting and Finance 61,919,600 KRW
Cost Accountant Accounting and Finance 34,561,900 KRW
Cost Accounting Manager Accounting and Finance 65,280,600 KRW
Cost Accounting Supervisor Accounting and Finance 55,801,900 KRW
Cost Analyst Accounting and Finance 53,158,700 KRW
Credit and Collection Manager Accounting and Finance 69,721,100 KRW
Credit and Collection Staff Accounting and Finance 26,040,800 KRW
Credit and Loans Officer Accounting and Finance 24,478,500 KRW
Credit Controller Accounting and Finance 48,239,000 KRW
Credit Manager Accounting and Finance 71,400,600 KRW
Debt Adviser Accounting and Finance 58,079,300 KRW
Debt Collector Accounting and Finance 28,679,900 KRW
Debtors Clerk Accounting and Finance 22,799,000 KRW
Debtors Controller Accounting and Finance 24,239,000 KRW
Deputy CFO Accounting and Finance 88,921,600 KRW
Deputy Head of Finance Accounting and Finance 91,560,700 KRW
Derivative Trader Accounting and Finance 60,720,600 KRW
Director of Finance Accounting and Finance 99,241,400 KRW
Economist Accounting and Finance 79,558,700 KRW
Equity Analyst Accounting and Finance 58,559,300 KRW
Escrow Assistant Accounting and Finance 31,081,900 KRW
Executive Accountant Accounting and Finance 37,318,700 KRW
External Auditor Accounting and Finance 45,599,600 KRW
Finance Administrator Accounting and Finance 40,921,600 KRW
Finance Analyst Accounting and Finance 58,798,900 KRW
Finance Associate Accounting and Finance 30,961,800 KRW
Finance Director Accounting and Finance 96,240,700 KRW
Finance Executive Accounting and Finance 69,119,600 KRW
Finance Licensing Clerk Accounting and Finance 25,440,400 KRW
Finance Licensing Manager Accounting and Finance 61,678,300 KRW
Finance Licensing Specialist Accounting and Finance 35,521,100 KRW
Finance Manager Accounting and Finance 92,758,800 KRW
Finance Officer Accounting and Finance 30,841,400 KRW
Finance President Accounting and Finance 97,321,300 KRW
Finance Relationship Manager Accounting and Finance 77,278,600 KRW
Finance Release Analyst Accounting and Finance 39,001,000 KRW
Finance Specialist Accounting and Finance 55,560,400 KRW
Finance Team Leader Accounting and Finance 75,479,500 KRW
Financial Accountant Accounting and Finance 32,519,500 KRW
Financial Actuary Accounting and Finance 54,239,900 KRW
Financial Administrator Accounting and Finance 58,680,100 KRW
Financial Advisor Accounting and Finance 61,799,000 KRW
Financial Analyst Accounting and Finance 63,120,600 KRW
Financial Applications Specialist Accounting and Finance 41,520,800 KRW
Financial Assistant Accounting and Finance 27,118,300 KRW
Financial Associate Accounting and Finance 27,601,100 KRW
Financial Associate Accounting and Finance 33,001,000 KRW
Financial Claims Analyst Accounting and Finance 45,719,900 KRW
Financial Claims Manager Accounting and Finance 61,321,600 KRW
Financial Claims Supervisor Accounting and Finance 57,719,800 KRW
Financial Clerk Accounting and Finance 26,158,200 KRW
Financial Commercial Analyst Accounting and Finance 50,039,800 KRW
Financial Compliance Analyst Accounting and Finance 54,118,500 KRW
Financial Consultant Accounting and Finance 44,760,700 KRW
Financial Controller Accounting and Finance 54,239,900 KRW
Financial Controller Accounting and Finance 55,921,200 KRW
Financial Coordinator Accounting and Finance 30,001,600 KRW
Financial Customer Service Manager Accounting and Finance 63,481,200 KRW
Financial Dealer and Broker Accounting and Finance 37,441,100 KRW
Financial Director Accounting and Finance 103,081,100 KRW
Financial Encoder Accounting and Finance 27,721,300 KRW
Financial Manager Accounting and Finance 90,241,700 KRW
Financial Manager Accounting and Finance 99,601,100 KRW
Financial Operations Manager Accounting and Finance 86,519,600 KRW
Financial Policy Analyst Accounting and Finance 54,479,300 KRW
Financial Project Manager Accounting and Finance 67,798,800 KRW
Financial Quantitative Analyst Accounting and Finance 59,640,200 KRW
Financial Reporting Consultant Accounting and Finance 50,998,800 KRW
Financial Reporting Manager Accounting and Finance 67,079,700 KRW
Financial Section Head Accounting and Finance 67,798,800 KRW
Financial Services Manager Accounting and Finance 83,160,200 KRW
Financial Services Sales Agent Accounting and Finance 35,521,100 KRW
Fixed Assets Administrator Accounting and Finance 35,398,900 KRW
Forensic Accountant Accounting and Finance 39,001,000 KRW
Fraud Detection Supervisor Accounting and Finance 43,438,200 KRW
Fraud Prevention Manager Accounting and Finance 65,998,100 KRW
Fund Accountant Accounting and Finance 31,320,700 KRW
Grants Coordinator Accounting and Finance 25,561,400 KRW
Group Financial Manager Accounting and Finance 98,400,200 KRW
Internal Auditor Accounting and Finance 44,161,600 KRW
Internal Control Adviser Accounting and Finance 55,440,900 KRW
Internal Control Officer Accounting and Finance 28,200,200 KRW
International Tax Director Accounting and Finance 82,921,700 KRW
Inventory Accountant Accounting and Finance 33,599,200 KRW
Investment Advisor Accounting and Finance 89,041,300 KRW
Investment Analyst Accounting and Finance 66,720,300 KRW
Investment Associate Accounting and Finance 59,518,100 KRW
Investment Broker Accounting and Finance 57,479,000 KRW
Investment Fund Manager Accounting and Finance 72,601,900 KRW
Investment Operations Manager Accounting and Finance 77,399,200 KRW
Investment Underwriter Accounting and Finance 28,078,900 KRW
Investor Accounting and Finance 45,478,500 KRW
Investor Relations Manager Accounting and Finance 65,041,800 KRW
KYC Team Leader Accounting and Finance 67,920,100 KRW
Loan Processor Accounting and Finance 27,241,100 KRW
Management Accountant Accounting and Finance 38,641,600 KRW
Management Economist Accounting and Finance 75,239,300 KRW
Paymaster Accounting and Finance 27,960,400 KRW
Payroll Administrator Accounting and Finance 43,800,600 KRW
Payroll Benefits Coordinator Accounting and Finance 36,121,000 KRW
Payroll Billing Manager Accounting and Finance 60,598,100 KRW
Payroll Clerk Accounting and Finance 29,399,100 KRW
Payroll Manager Accounting and Finance 62,400,200 KRW
Payroll Officer Accounting and Finance 29,278,200 KRW
Payroll Specialist Accounting and Finance 35,521,100 KRW
Payroll Supervisor Accounting and Finance 44,161,600 KRW
Pensions Administrator Accounting and Finance 34,198,600 KRW
Personal Financial Advisor Accounting and Finance 50,281,100 KRW
Pricing Analyst Accounting and Finance 56,641,700 KRW
Private Equity Analyst Accounting and Finance 57,239,200 KRW
Project Accountant Accounting and Finance 37,318,700 KRW
Proposal Development Coordinator Accounting and Finance 28,679,900 KRW
Receivables Accountant Accounting and Finance 32,519,500 KRW
Regulatory Accountant Accounting and Finance 38,281,500 KRW
Retirement Plan Analyst Accounting and Finance 56,158,300 KRW
Revenue Management Specialist Accounting and Finance 53,521,300 KRW
Revenue Recognition Analyst Accounting and Finance 63,360,300 KRW
Risk Management Director Accounting and Finance 79,558,700 KRW
Staff Accountant Accounting and Finance 33,841,700 KRW
Tax Accountant Accounting and Finance 31,678,800 KRW
Tax Administrator Accounting and Finance 35,640,500 KRW
Tax Advisor Accounting and Finance 51,119,900 KRW
Tax Analyst Accounting and Finance 51,841,000 KRW
Tax Associate Accounting and Finance 28,801,400 KRW
Tax Consultant Accounting and Finance 54,719,600 KRW
Tax Director Accounting and Finance 80,640,500 KRW
Tax Examiner Accounting and Finance 35,758,400 KRW
Tax Manager Accounting and Finance 69,479,600 KRW
Tax Research Manager Accounting and Finance 70,560,500 KRW
Teller Accounting and Finance 20,878,800 KRW
Treasury Accountant Accounting and Finance 35,398,900 KRW
Treasury Analyst Accounting and Finance 57,239,200 KRW
Underwriter Accounting and Finance 23,040,200 KRW
Underwriting Assistant Accounting and Finance 21,961,700 KRW
Vice President of Finance Accounting and Finance 96,600,100 KRW

Salary Comparison by City

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

City Average Salary
Bucheon 58,741,350 KRW
Busan 68,218,550 KRW
Daegu 64,381,050 KRW
Daejeon 64,199,950 KRW
Goyang 60,361,450 KRW
Gwangju 63,660,500 KRW
Incheon 68,041,100 KRW
Seongnam 57,420,000 KRW
Seoul 68,638,950 KRW
Suweon 63,420,050 KRW
Ulsan 60,900,600 KRW

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