Risk Analyst Salary

Risk Analysts in the United States can expect wages of $59K annually on average. Total cash earnings of Risk Analysts range from $39K on the low end to $93K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $12K and $10K, respectively. Compensation for this group is mainly affected by location, but experience level and the individual firm are influential factors as well. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Work is enjoyable for Risk Analysts, who typically claim high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$40,820 - $88,099
(Median)
$41K
$59K
$88K
MEDIAN: $59,456
10%
50%
90%

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$13.14 - $30.44
(Median)
$13
$19
$30
MEDIAN: $19.00
10%
50%
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
$40,820 - $88,099  
   
Bonus
$0.00 - $11,792  
Profit Sharing
$191.39 - $9,696  
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).
)
$39,135 - $93,379  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 916
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
$13.14 - $30.44  
   
Overtime
$16.79 - $44.34  
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 - $11,792  
   
Profit Sharing
$191.39 - $9,696  
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).
)
$39,135 - $93,379  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 93
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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.

Common Career Paths for Risk Analyst


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As Risk Analysts transition into upper-level roles such as Senior Risk Manager, they may see a strong upturn in salary. Senior Risk Managers earn $112K on average per year.

Risk Analyst Job Listings

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Popular Employer Salaries for Risk Analyst


While select J.P. Morgan Chase & Co. (JPMCC) employees may bring in up to $94K, a median salary of only $62K — the lowest in the field — suggests a serious lag in the earnings department.

Popular Skills for Risk Analyst


Risk Analysts report using a diverse set of skills on the job. Most notably, skills in SAS, Financial Modeling, SQL, and Microsoft Office are correlated to pay that is above average, with boosts between 11 percent and 19 percent. Most people skilled in Data Analysis are similarly competent 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, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Salaries of relatively inexperienced workers fall in the neighborhood of $57K, but folks who have racked up five to 10 years see a notably higher median of $67K. Risk Analysts see a median salary of $73K after reaching one to two decades on the job. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $80K.

Pay Difference by Location


Risk Analysts will find that New York offers an impressive pay rate, one which exceeds the national average by 30 percent. Risk Analysts can also look forward to large paychecks in cities like Charlotte (+25 percent), Stamford (+20 percent), Boston (+18 percent), and Minneapolis (+14 percent). With compensation 15 percent below the national average, Atlanta is not known for hefty paychecks and actually represents the lowest-paying market. Employers in Phoenix and Dallas also lean toward paying below-median salaries (14 percent lower and 12 percent lower, respectively).

Related Job Salaries

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Experience Affects Risk Analyst Salaries

Late-Career
up arrow 33%



National Average
$60,000


Skills That Affect Risk Analyst Salaries

SAS
up arrow 19%

Financial Modeling
up arrow 16%

SQL
up arrow 11%

Microsoft Office
up arrow 7%

Data Analysis
up arrow 4%

Financial Analysis
up arrow 3%

Risk Management / Risk Control
up arrow 1%

Microsoft Excel
up arrow 1%

National Average
$60,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 169 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
11%
1-4 years
54%
5-9 years
24%
10-19 years
9%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 83%
vision benefits Vision: 69% employee benefits None: 8%
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