Risk Analyst Salary (United States)

A relatively young group of workers, approximately two-thirds of Risk Analysts report fewer than five years on the job; the group as a whole earns roughly $59,124 annually on average. The range in pay spans from $36,935 to $95,176 per year. With some bonuses approaching $10,350 and certain profit sharing proceeds close to $8,940, overall incomes in the Risk Analysts from $39,707 to $87,905 depending on individual performance. While tenure and the particular employer impact pay for this group, geography is the most influential factor. Benefits are common in this line of work, with nearly all reporting medical and dental coverage and more than half collecting vision insurance. Men make up a slight majority of Risk Analysts (58 percent). Most Risk Analysts report high levels of job satisfaction. Replies to PayScale's salary questionnaire form the basis for this summary.
Risk Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$39,707 - $87,905
(Median)
40K
49K
58K
72K
88K
MEDIAN: $58,362
10%
25%
50%
75%
90%
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Risk Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$11.80 - $30.68
(Median)
12
17
24
31
MEDIAN: $17.00
10%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Salary
$39,707 - $87,905  
   
Bonus
$0.00 - $10,350  
Profit Sharing
$986 - $8,940  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,935 - $95,176  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 722
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16$32$48
Hourly Rate
$11.80 - $30.68  
   
Overtime
$15.36 - $44.61  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Bonus
$0.00 - $10,350  
   
Profit Sharing
$986 - $8,940  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,935 - $95,176  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 70
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Job Description for Risk Analyst

  • Audit data and establish quality control measures.
  • Create reports and summaries, and document processes and procedures.
  • Analyze data to calculate risks and outcomes.
  • Aggregate and transform data from multiple sources to produce consistent results.

Risk Analyst Job Listings

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Popular Employer Salaries for Risk Analyst

The biggest paychecks can be found at Bank of America Corp. (BOFA)—the median salary there is $82,118. Employees of J.P. Morgan Chase & Co. (JPMCC) can expect to make the least, with the company offering a median salary of $60,573; however, pay is widely dispersed from top to bottom, ranging from $28K to $100K.

Popular Skills for Risk Analyst

Survey results show that Risk Analysts use a fair number of skills. Most notably, facility with SAS, SQL, and Microsoft Office are correlated to pay that is significantly above average, leading to increases of 22 percent, 13 percent, and 8 percent, respectively. Most people experienced in Data Analysis also know Microsoft Excel and Financial Analysis.

Pay by Experience Level for Risk Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Risk Analysts, experience is not a major factor in determining pay, and incremental pay growth is standard. After five to 10 years, the typical starting salary of $57K climbs to $65K. Those who spend a decent amount of time in this profession—one to two decades—usually make about $71K. Though minimal, Risk Analysts continue to experience salary development even after two decades, and pay is estimated at $85K. Experienced employees who have 10-20 years of experience make up less than 10 of the workforce; inexperienced individuals who have been working for less than one year comprise 10 percent, and senior people with more than 20 years under their belt fill out the remaining 2 percent. In this field, workers tend to have anywhere from one to nine years of experience—of those surveyed, most land within this range.

Pay Difference By Location

up arrow 34%
Wilmington
up arrow 21%
Stamford
up arrow 21%
Boston
up arrow 17%
up arrow 12%
Minneapolis
up arrow 12%
Charlotte
up arrow 9%
Washington
up arrow 6%
up arrow 2%
National Average
$59,000
Philadelphia
up arrow 11%
up arrow 13%
Phoenix
up arrow 13%
up arrow 21%
Larger circles over a city indicate a job is popular in that location.
Surpassing the national average by 34 percent, Risk Analysts in New York receive some of the highest pay in the country. Wilmington, Stamford, Boston, and Minneapolis are a few other cities that offer generous salaries, with Risk Analysts earning around 21 percent, 21 percent, 17 percent, and 12 percent more than average. Risk Analysts in Atlanta earn salaries far below the national average by 21 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Dallas and Phoenix are a couple other places where companies are known to pay below the median—salaries hover around -13 percent and -13 percent, respectively.

Related Job Salaries

Experience Affects Risk Analyst Salaries

Late-Career
up arrow 44%
National Average
$59,000

Skills That Affect Risk Analyst Salaries

SAS
up arrow 22%
SQL
up arrow 13%
Microsoft Office
up arrow 8%
Risk Management / Risk Control
up arrow 4%
Financial Analysis
up arrow 2%
Microsoft Excel
up arrow 1%
National Average
$59,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 176 votes.

Gender

Female
42%
female alumni
 
Male
58%
male alumni

Years of Experience

Less than 1 year
10%
1-4 years
54%
5-9 years
25%
10-19 years
9%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 82%
vision benefits Vision: 69% employee benefits None: 8%
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