Average Risk Modeling Manager Salary in Arequipa, Peru for 2026

In this article, we will look at the average Risk Modeling Manager salary for 2026 in Arequipa 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 Peruvian sol. To keep things simple, we are using the PEN currency code instead of the currency symbol S/ .

How Much Does a Risk Modeling Manager Make in Arequipa?

A Risk Modeling Manager working in Arequipa will typically earn around 185,100 PEN per year, and this can range from the lowest average salary of about 95,980 PEN to the highest average salary of 279,400 PEN.

Average Annual Salary185,100 PEN

Average Monthly Salary15,425 PEN

Average Lowest Salary95,980 PEN

Lowest Monthly Salary7,998 PEN

Average Highest Salary279,400 PEN

Highest Monthly Salary23,283 PEN

These are average salaries for a Risk Modeling Manager in Arequipa 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 Arequipa

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

Salary ranges

We already know that a Risk Modeling Manager can earn between 95,980 PEN and 279,400 PEN on average in Arequipa. 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 Arequipa is 172,400 PEN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 172,400 PEN, and 50% of the population earn more than 172,400 PEN.

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 Arequipa, 25% of the population are earning less than 123,400 PEN while 75% of the population earn more than 123,400 PEN.

75% of the population earn less than 212,500 PEN, and 25% of the population earn more than 212,500 PEN.

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 Arequipa

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 Arequipa that has less than two years of experience can expect to earn somewhere in the region of 112,620 PEN.
2 - 5 Years Experience. With two to five years of experience the average Risk Modeling Manager salary would increase to 139,100 PEN.
5 - 10 Years Experience. From five to ten years of experience as a Risk Modeling Manager, the average salary would be 196,800 PEN.
10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 227,600 PEN.
15 - 20 Years Experience. A Risk Modeling Manager with 15 to 20 years of experience can earn an average of 249,600 PEN.
20+ Years Experience. For a Risk Modeling Manager with more than 20 years, the expected average salary increases to 265,000 PEN.

Average Salary by Experience Chart

0-2 Years	-	112,620 PEN
2-5 Years	+23%	139,100 PEN
5-10 Years	+42%	196,800 PEN
10-15 Years	+17%	227,600 PEN
15-20 Years	+10%	249,600 PEN
20+ Years	+6%	265,000 PEN

Risk Modeling Manager Salary by Education Level in Arequipa

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 Arequipa 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 Arequipa with a bachelor's degree education can earn an average salary of 125,700 PEN.
Master's Degree. A Risk Modeling Manager in Arequipa with a master's degree education can earn an average salary of 246,200 PEN.

Average Salary by Education Chart

Bachelor's Degree	-	125,700 PEN
Master's Degree	+93%	246,200 PEN

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 Peru is around 37,700 to 113,000 PEN 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 Arequipa, a male risk modeling manager will earn an average of 174,000 PEN, while a female risk modeling manager will earn around 159,400 PEN.

This means that a male risk modeling manager earns approximately 9% more than a female risk modeling manager for performing the same job.

Average Salary by Gender Chart in Arequipa

Male	-	174,000 PEN
Female	-9%	159,400 PEN

Risk Modeling Manager Average Pay Raise in Arequipa

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 Arequipa is around 13% every 19 months.

The national average pay raise across all professions and industries in Peru 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 = ( 13 ÷ 19 ) × 12  = 8%

What this means is that a Risk Modeling Manager in Arequipa can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Arequipa for 2026

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

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

Banking	-	8%
Energy	-	7%
Information Technology	-	6%
Healthcare	-	5%
Travel	-	4%
Construction	-	3%
Education	-	2%

Risk Modeling Manager Bonus and Incentive Rates in Arequipa

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 high bonus based job, with 84% of employees reporting at least one bonus in the last 12 months.

16% 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	-	84%
No Bonus	-	16%

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

Public Sector	-	93,880 PEN
Private Sector	-10%	85,700 PEN

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 Arequipa.

Job Title	Category	Salary
Actuarial Analyst	Insurance	119,900 PEN
Actuarial Assistant	Insurance	83,400 PEN
Actuarial Specialist	Insurance	80,760 PEN
Actuary	Insurance	118,200 PEN
Adjustment Insurance Clerk	Insurance	32,620 PEN
Assistant Broker	Insurance	54,560 PEN
Assistant Claims Manager	Insurance	93,280 PEN
Associate Insurance Representative	Insurance	46,040 PEN
Auditing Insurance Manager	Insurance	136,100 PEN
Broker	Insurance	83,100 PEN
Claim Advocacy Professional	Insurance	89,340 PEN
Claims Adjuster	Insurance	31,040 PEN
Claims Analyst	Insurance	45,600 PEN
Claims Examiner	Insurance	46,040 PEN
Claims Manager	Insurance	127,700 PEN
Claims Processor	Insurance	33,440 PEN
Claims Representative	Insurance	37,380 PEN
Claims Resolution Specialist	Insurance	93,600 PEN
Claims Supervisor	Insurance	89,960 PEN
Complaints Specialist	Insurance	85,020 PEN
Compliance Examiner	Insurance	88,580 PEN
Compliance Officer	Insurance	66,840 PEN
Compliance Reviewer	Insurance	84,780 PEN
Consultant	Insurance	89,960 PEN
Eligibility Interviewer	Insurance	98,440 PEN
Eligibility Specialist	Insurance	90,900 PEN
Insurance Account Manager	Insurance	104,620 PEN
Insurance Accounts Executive	Insurance	93,600 PEN
Insurance Adjuster	Insurance	82,480 PEN
Insurance Agent	Insurance	51,800 PEN
Insurance Analyst	Insurance	84,800 PEN
Insurance Appraiser	Insurance	88,260 PEN
Insurance Claims Clerk	Insurance	32,620 PEN
Insurance Examiner	Insurance	83,140 PEN
Insurance Investigator	Insurance	83,400 PEN
Insurance Manager	Insurance	151,800 PEN
Insurance Operations Manager	Insurance	148,300 PEN
Insurance Policy Processing Clerk	Insurance	31,180 PEN
Insurance Pricing Assistant	Insurance	67,900 PEN
Insurance Program Manager	Insurance	112,280 PEN
Insurance Project Manager	Insurance	115,740 PEN
Insurance Quality Assurance Agent	Insurance	78,160 PEN
Insurance Sales Agent	Insurance	53,160 PEN
Insurance Sales Director	Insurance	142,300 PEN
Insurance Sales Manager	Insurance	112,760 PEN
Insurance Sales Representative	Insurance	45,000 PEN
Insurance Team Leader	Insurance	96,340 PEN
Insurance Underwriter	Insurance	65,920 PEN
Loss Control Specialist	Insurance	86,740 PEN
Loss Prevention Investigator	Insurance	92,300 PEN
Loss Prevention Manager	Insurance	123,400 PEN
Loss Prevention Specialist	Insurance	96,680 PEN
Marine Underwriter	Insurance	66,840 PEN
Medical Auditor	Insurance	88,600 PEN
Monitoring and Performance Officer	Insurance	62,460 PEN
Payment Services Specialist	Insurance	88,260 PEN
Policy Change Director	Insurance	130,400 PEN
Policy Change Supervisor	Insurance	96,560 PEN
Policy Change Technician	Insurance	44,180 PEN
Risk Analyst	Insurance	103,600 PEN
Risk Management Director	Insurance	172,200 PEN
Risk Management Supervisor	Insurance	107,320 PEN
Risk Manager	Insurance	172,200 PEN
Title Insurance Typist	Insurance	79,260 PEN
Training Manager	Insurance	98,820 PEN

Salary Comparison by City

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

City	Average Salary
Chiclayo	168,100 PEN
Cusco	161,300 PEN
Huancayo	159,400 PEN
Iquitos	142,300 PEN
Lima	174,000 PEN
Trujillo	174,000 PEN

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