Average Risk Modeling Manager Salary in American Samoa for 2024

In this article, we will look at the average Risk Modeling Manager salary for 2024 in American Samoa 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Risk Modeling Manager Make in American Samoa?

A Risk Modeling Manager working in American Samoa will typically earn around 39,640 USD per year, and this can range from the lowest average salary of about 19,360 USD to the highest average salary of 58,520 USD.

Average Annual Salary
39,640 USD
Average Monthly Salary
3,303 USD

Lowest Annual Salary
19,360 USD
Lowest Monthly Salary
1,613 USD

Highest Annual Salary
58,520 USD
Highest Monthly Salary
4,876 USD

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

Risk Modeling 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 Modeling Manager Salaries in American Samoa

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

Salary ranges

We already know that a Risk Modeling Manager can earn between 19,360 USD and 58,520 USD on average in American Samoa. 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 Modeling Manager in American Samoa is 39,640 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 39,640 USD, and 50% of the population earn more than 39,640 USD.

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 Modeling Manager salary in American Samoa, 25% of the population are earning less than 27,380 USD while 75% of the population earn more than 27,380 USD.

75% of the population earn less than 46,880 USD, and 25% of the population earn more than 46,880 USD.

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 Modeling Manager Salary by Experience Level in American Samoa

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 modeling 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 Modeling Manager in American Samoa that has less than two years of experience can expect to earn somewhere in the region of 21,300 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Modeling Manager salary would increase to 29,640 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Modeling Manager, the average salary would be 39,420 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 47,720 USD.
  • 15 - 20 Years Experience. A Risk Modeling Manager with 15 to 20 years of experience can earn an average of 50,560 USD.
  • 20+ Years Experience. For a Risk Modeling Manager with more than 20 years, the expected average salary increases to 54,280 USD.

Average Salary by Experience Chart

0-2 Years
21,300 USD
2-5 Years +32%
29,640 USD
5-10 Years +34%
39,420 USD
10-15 Years +19%
47,720 USD
15-20 Years +8%
50,560 USD
20+ Years +7%
54,280 USD

Risk Modeling Manager Salary by Education Level in American Samoa

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 Modeling Manager in American Samoa 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 Modeling Manager in American Samoa with a bachelor's degree education can earn an average salary of 31,040 USD.

  • Master's Degree. A Risk Modeling Manager in American Samoa with a master's degree education can earn an average salary of 50,660 USD.

Average Salary by Education Chart

Bachelor's Degree
31,040 USD
Master's Degree +58%
50,660 USD

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 American Samoa is around 7,820 to 23,500 USD 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 Modeling 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 American Samoa, a male risk modeling manager will earn an average of 39,800 USD, while a female risk modeling manager will earn around 36,020 USD.

This means that a male risk modeling manager earns approximately 10% more than a female risk modeling manager for performing the same job.

Average Salary by Gender Chart in American Samoa

Male
39,800 USD
Female -10%
36,020 USD

Risk Modeling Manager Average Pay Raise in American Samoa

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 Modeling Manager in American Samoa is around 8% every 31 months.

The national average pay raise across all professions and industries in American Samoa is around 4% every 29 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 = ( 8 ÷ 31 ) × 12  = 3%

What this means is that a Risk Modeling Manager in American Samoa can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in American Samoa for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Risk Modeling Manager Bonus and Incentive Rates in American Samoa

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 Modeling Manager is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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 8%.

Received Bonus
65%
No Bonus
35%

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 American Samoa earn approximately 1% less than private sector employees in the same role.

Public Sector
19,020 USD
Private Sector +1%
19,200 USD

Salaries for Jobs Similar to a Risk Modeling Manager

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

Job Title Category Salary
Actuarial Analyst Insurance 25,680 USD
Actuarial Assistant Insurance 17,860 USD
Actuarial Specialist Insurance 19,220 USD
Actuary Insurance 26,500 USD
Adjustment Insurance Clerk Insurance 6,760 USD
Assistant Broker Insurance 12,120 USD
Assistant Claims Manager Insurance 19,940 USD
Associate Insurance Representative Insurance 9,460 USD
Auditing Insurance Manager Insurance 28,660 USD
Broker Insurance 19,480 USD
Claim Advocacy Professional Insurance 20,500 USD
Claims Adjuster Insurance 6,760 USD
Claims Analyst Insurance 9,140 USD
Claims Examiner Insurance 9,460 USD
Claims Manager Insurance 28,820 USD
Claims Processor Insurance 6,200 USD
Claims Representative Insurance 8,780 USD
Claims Resolution Specialist Insurance 21,560 USD
Claims Supervisor Insurance 18,900 USD
Complaints Specialist Insurance 17,860 USD
Compliance Examiner Insurance 19,640 USD
Compliance Officer Insurance 16,880 USD
Compliance Reviewer Insurance 19,220 USD
Consultant Insurance 18,900 USD
Eligibility Interviewer Insurance 21,560 USD
Eligibility Specialist Insurance 19,860 USD
Insurance Account Manager Insurance 24,280 USD
Insurance Accounts Executive Insurance 21,560 USD
Insurance Adjuster Insurance 19,640 USD
Insurance Agent Insurance 10,000 USD
Insurance Analyst Insurance 18,900 USD
Insurance Appraiser Insurance 19,480 USD
Insurance Claims Clerk Insurance 7,620 USD
Insurance Examiner Insurance 19,220 USD
Insurance Investigator Insurance 20,120 USD
Insurance Manager Insurance 34,160 USD
Insurance Operations Manager Insurance 33,980 USD
Insurance Policy Processing Clerk Insurance 7,040 USD
Insurance Pricing Assistant Insurance 14,820 USD
Insurance Program Manager Insurance 25,160 USD
Insurance Project Manager Insurance 23,080 USD
Insurance Quality Assurance Agent Insurance 18,260 USD
Insurance Sales Agent Insurance 12,180 USD
Insurance Sales Director Insurance 31,940 USD
Insurance Sales Manager Insurance 25,660 USD
Insurance Sales Representative Insurance 9,740 USD
Insurance Team Leader Insurance 19,980 USD
Insurance Underwriter Insurance 14,840 USD
Loss Control Specialist Insurance 20,500 USD
Loss Prevention Investigator Insurance 21,560 USD
Loss Prevention Manager Insurance 29,040 USD
Loss Prevention Specialist Insurance 21,540 USD
Marine Underwriter Insurance 14,200 USD
Medical Auditor Insurance 19,480 USD
Monitoring and Performance Officer Insurance 13,960 USD
Payment Services Specialist Insurance 20,940 USD
Policy Change Director Insurance 30,220 USD
Policy Change Supervisor Insurance 21,560 USD
Policy Change Technician Insurance 8,100 USD
Risk Analyst Insurance 22,420 USD
Risk Management Director Insurance 39,800 USD
Risk Management Supervisor Insurance 27,020 USD
Risk Manager Insurance 36,700 USD
Title Insurance Typist Insurance 15,700 USD
Training Manager Insurance 23,400 USD

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