Average Risk Manager Salary in Tunisia for 2024

In this article, we will look at the average Risk Manager salary for 2024 in Tunisia 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 Tunisian dinar. To keep things simple, we are using the TND currency code instead of the currency symbol د.ت.

How Much Does a Risk Manager Make in Tunisia?

A Risk Manager working in Tunisia will typically earn around 87,760 TND per year, and this can range from the lowest average salary of about 40,040 TND to the highest average salary of 142,300 TND.

Average Annual Salary
87,760 TND
Average Monthly Salary
7,313 TND

Lowest Annual Salary
40,040 TND
Lowest Monthly Salary
3,336 TND

Highest Annual Salary
142,300 TND
Highest Monthly Salary
11,858 TND

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

Risk Manager 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 Manager Salaries in Tunisia

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

Salary ranges

We already know that a Risk Manager can earn between 40,040 TND and 142,300 TND on average in Tunisia. 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 Manager in Tunisia is 97,640 TND. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 97,640 TND, and 50% of the population earn more than 97,640 TND.

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 Manager salary in Tunisia, 25% of the population are earning less than 60,600 TND while 75% of the population earn more than 60,600 TND.

75% of the population earn less than 129,000 TND, and 25% of the population earn more than 129,000 TND.

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 Manager Salary by Experience Level in Tunisia

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 manager 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 Manager in Tunisia that has less than two years of experience can expect to earn somewhere in the region of 47,760 TND.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Manager salary would increase to 60,460 TND.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Manager, the average salary would be 92,900 TND.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 112,560 TND.
  • 15 - 20 Years Experience. A Risk Manager with 15 to 20 years of experience can earn an average of 123,400 TND.
  • 20+ Years Experience. For a Risk Manager with more than 20 years, the expected average salary increases to 130,400 TND.

Average Salary by Experience Chart

0-2 Years
47,760 TND
2-5 Years +34%
60,460 TND
5-10 Years +48%
92,900 TND
10-15 Years +22%
112,560 TND
15-20 Years +9%
123,400 TND
20+ Years +8%
130,400 TND

Risk Manager Salary by Education Level in Tunisia

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 Manager in Tunisia 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 Manager in Tunisia with a bachelor's degree education can earn an average salary of 55,220 TND.

  • Master's Degree. A Risk Manager in Tunisia with a master's degree education can earn an average salary of 104,900 TND.

Average Salary by Education Chart

Bachelor's Degree
55,220 TND
Master's Degree +93%
104,900 TND

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 Tunisia is around 19,600 to 58,700 TND 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 Manager 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 Tunisia, a male risk manager will earn an average of 95,720 TND, while a female risk manager will earn around 81,880 TND.

This means that a male risk manager earns approximately 17% more than a female risk manager for performing the same job.

Average Salary by Gender Chart in Tunisia

Male
95,720 TND
Female -17%
81,880 TND

Risk Manager Average Pay Raise in Tunisia

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 Manager in Tunisia is around 12% every 21 months.

The national average pay raise across all professions and industries in Tunisia is around 8% every 19 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 = ( 12 ÷ 21 ) × 12  = 7%

What this means is that a Risk Manager in Tunisia can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Tunisia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Risk Manager Bonus and Incentive Rates in Tunisia

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 Manager is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.

18% 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
82%
No Bonus
18%

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 Tunisia earn approximately 10% more than private sector employees in the same role.

Public Sector
50,240 TND
Private Sector -10%
45,560 TND

Salaries for Jobs Similar to a Risk Manager

In the table below, we have salary information for jobs that are similar to a Risk Manager in Tunisia.

Job Title Category Salary
Actuarial Analyst Insurance 61,580 TND
Actuarial Assistant Insurance 46,720 TND
Actuarial Specialist Insurance 46,980 TND
Actuary Insurance 62,060 TND
Adjustment Insurance Clerk Insurance 17,560 TND
Assistant Broker Insurance 30,840 TND
Assistant Claims Manager Insurance 50,340 TND
Associate Insurance Representative Insurance 24,720 TND
Auditing Insurance Manager Insurance 69,540 TND
Broker Insurance 45,000 TND
Claim Advocacy Professional Insurance 45,260 TND
Claims Adjuster Insurance 18,780 TND
Claims Analyst Insurance 25,940 TND
Claims Examiner Insurance 24,720 TND
Claims Manager Insurance 65,940 TND
Claims Processor Insurance 15,920 TND
Claims Representative Insurance 21,020 TND
Claims Resolution Specialist Insurance 53,120 TND
Claims Supervisor Insurance 45,720 TND
Complaints Specialist Insurance 43,520 TND
Compliance Examiner Insurance 46,720 TND
Compliance Officer Insurance 40,560 TND
Compliance Reviewer Insurance 44,780 TND
Consultant Insurance 45,720 TND
Eligibility Interviewer Insurance 53,660 TND
Eligibility Specialist Insurance 50,580 TND
Insurance Account Manager Insurance 61,400 TND
Insurance Accounts Executive Insurance 53,120 TND
Insurance Adjuster Insurance 47,120 TND
Insurance Agent Insurance 26,660 TND
Insurance Analyst Insurance 48,640 TND
Insurance Appraiser Insurance 50,240 TND
Insurance Claims Clerk Insurance 17,560 TND
Insurance Examiner Insurance 41,480 TND
Insurance Investigator Insurance 46,720 TND
Insurance Manager Insurance 80,280 TND
Insurance Operations Manager Insurance 80,480 TND
Insurance Policy Processing Clerk Insurance 19,640 TND
Insurance Pricing Assistant Insurance 36,720 TND
Insurance Program Manager Insurance 64,560 TND
Insurance Project Manager Insurance 58,800 TND
Insurance Quality Assurance Agent Insurance 38,620 TND
Insurance Sales Agent Insurance 31,540 TND
Insurance Sales Director Insurance 78,160 TND
Insurance Sales Manager Insurance 66,820 TND
Insurance Sales Representative Insurance 22,400 TND
Insurance Team Leader Insurance 52,180 TND
Insurance Underwriter Insurance 35,520 TND
Loss Control Specialist Insurance 45,580 TND
Loss Prevention Investigator Insurance 50,560 TND
Loss Prevention Manager Insurance 66,680 TND
Loss Prevention Specialist Insurance 50,240 TND
Marine Underwriter Insurance 35,340 TND
Medical Auditor Insurance 46,880 TND
Monitoring and Performance Officer Insurance 31,520 TND
Payment Services Specialist Insurance 50,240 TND
Policy Change Director Insurance 70,880 TND
Policy Change Supervisor Insurance 50,340 TND
Policy Change Technician Insurance 22,660 TND
Risk Analyst Insurance 54,280 TND
Risk Management Director Insurance 88,020 TND
Risk Management Supervisor Insurance 60,480 TND
Risk Modeling Manager Insurance 90,660 TND
Title Insurance Typist Insurance 40,040 TND
Training Manager Insurance 52,460 TND

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Risk Manager Salary in Tunisia for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-risk-manager-salary-in-tunisia/.

  • "Average Risk Manager Salary in Tunisia for 2024". World Salaries, https://worldsalaries.com/average-risk-manager-salary-in-tunisia/. Accessed 28 March, 2024

  • Average Risk Manager Salary in Tunisia for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-risk-manager-salary-in-tunisia/.