Risk Analysts in the United States take home an average $61K annually. In the world of Risk Analysts, overall cash allowance can occasionally include more than $14K from bonuses and, in some exceptional cases, $12K from profit sharing, causing incomes to vary widely between $40K and $96K. Compensation for this group is mainly affected by location, but years of experience and the individual firm are influential factors as well. Most Risk Analysts report high levels of job satisfaction. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The numbers in this rundown were provided by PayScale's salary survey participants.
Read More
$42,073 - $90,827
$42K
$61K
$91K
MEDIAN: $61,014
10%
50%
90%

Add this chart to your site: 640px    300px

$14.55 - $30.81
$15
$19
$31
MEDIAN: $19.46
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Salary
$42,073 - $90,827  
   
Bonus
$987 - $13,732  
Profit Sharing
$0.00 - $12,245  
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).
)
$40,342 - $95,892  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 749
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16$32$48
Hourly Rate
$14.55 - $30.81  
   
Overtime
$18.60 - $43.21  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Bonus
$987 - $13,732  
   
Profit Sharing
$0.00 - $12,245  
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).
)
$40,342 - $95,892  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 78

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Risk Analyst

Risk analysts work primarily for banks or insurance companies and their tasks include carefully verifying potential clients' application information, following up on missing documentation and data with applicants or potential clients, and obtaining data from various agencies, such as credit bureaus, to verify data and information submitted by applicants. They must also be able to interpret corporate or merchants' financial statements and/or personal credit reports and maintain good relationships with processors and other staff within the company.

Read More...

Risk Analyst Tasks

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

Common Career Paths for Risk Analyst


Add this chart to your site:   640px 640px    300px 300px


While not commonly seen, Risk Analysts who transition into a Senior Risk Manager position may see a rise in pay. The median salary for Senior Risk Managers is $114K per year. Becoming a Risk Manager is, more often than not, the most common role that Risk Analysts move into when they're ready for the next step in their career. The average salary for the position is $86K. Another frequent advance is for Risk Analysts to assume a Risk Management Analyst role; in this role, workers often earn $57K.

Risk Analyst Job Listings

Search for more jobs:

Popular Employer Salaries for Risk Analyst


J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), Citigroup, Inc., Chase Bank, and Santander are leaders in the field that employ a large number of Risk Analysts. The biggest paychecks can be found at Bank of America Corp. (BOFA) — the median salary there is $82K.

Popular Skills for Risk Analyst


Risk Analysts seem to wield many skills on the job. Most notably, skills in SAS, Risk Consulting, SQL, and Microsoft Office are correlated to pay that is above average, with boosts between 9 percent and 18 percent. At the other end of the pay range are skills like Insurance and Project Management. 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, more experience in the field does not usually mean bigger paychecks. Although individuals who have less than five years' experience earn $60K on average, people with five to 10 years benefit from a notably larger average of $68K. After working for 10 to 20 years, Risk Analysts make a median salary of $77K. 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

National Average: $61,409

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 32 percent, Risk Analysts in San Francisco receive some of the highest pay in the country. Risk Analysts can also look forward to large paychecks in cities like Washington (+26 percent), New York (+20 percent), Stamford (+17 percent), and Houston (+14 percent). Miami is the lowest-paying area, 17 percent south of the national average. Workers in Tampa and Boston earn less than others in this profession; their salaries fall short of the national average by 7 percent.

Related Job Salaries

Key Stats for Risk Analyst

Gender

Female
40 %
Male
60 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 122 votes.
056
Less than 1 year
11%
1-4 years
57%
5-9 years
20%
10-19 years
11%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Analyst Salaries




National Average
$61,000


Skills That Affect Risk Analyst Salaries

SAS
up arrow 18%

SQL
up arrow 9%

Risk Consulting
up arrow 9%

Microsoft Office
up arrow 7%


R
up arrow 6%

Regulatory Compliance
up arrow 6%



Financial Modeling
up arrow 2%

Microsoft Excel
0%

National Average
$61,000

Project Management
up arrow 3%

Insurance
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 122 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
11%
1-4 years
57%
5-9 years
20%
10-19 years
11%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 79%
vision benefits
Vision: 69%
dental benefits
None: 10%
ADVERTISEMENT