Risk Analyst Salary (United States)

A relatively inexperienced group of workers, just under two-thirds of Risk Analysts report fewer than five years of experience; the average pay for this group is around $59,124 annually. The range in pay spans from $36,935 to $95,176 per year. Residency is the main element affecting pay for this group—career duration and the specific company are driving factors as well. Medical benefits are awarded to nearly all, and the greater part earn dental coverage. Women are just slightly outnumbered in the field, with male Risk Analysts making up 58 percent of workers. Work is enjoyable for Risk Analysts, who typically claim high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
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%
Add this chart to your site: 640px    300px
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%
Add this chart to your site: 640px    300px

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
Is Risk Analyst your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

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

Search for more jobs:
job title / company
location

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. J.P. Morgan Chase & Co. (JPMCC) offers the lowest pay in the field, with a median salary of just $60,573.

Popular Skills for Risk Analyst

Risk Analysts report using a wide range of professional 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. It is often found that people who know Data Analysis are also skilled in 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, pay—which begins at $57K—can reach $65K. Pay amounts to $71K after 10 to 20 years. Though salary increases are not as strong, pay continues to grow slightly for Risk Analysts after two decades on the job, and average earnings come to $85K. Experienced employees who have 10-20 years of experience make up less than 10 percent 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. Age distribution in this workforce is concentrated between one and nine years of experience; a strong majority of respondents fall in 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.
For Risk Analysts, working in the bustling city of New York has its advantages, including an above-average pay rate. Also paying near the top of the field are Wilmington, Stamford, Boston, and Minneapolis, where Risk Analysts annually earn 21 percent, 21 percent, 17 percent, and 12 percent more than the national average. Location is a huge contributor to overall pay, with Risk Analysts in Atlanta earning a whopping 21 percent below the national average. Two other places where employers offer below-median salaries are Dallas (-13 percent) and Phoenix (-13 percent).

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%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -