Risk Analyst Salary

An average Risk Analyst in the United States can expect to take home roughly $60K per year. Total cash compensation for Risk Analysts runs from $40K to $94K depending on bonuses that can occasionally exceed $12K and profit sharing that can reach almost $10K. Earnings for this group are mostly affected by geographic location, followed by years of experience and the specific company. Job satisfaction for Risk Analysts is high. Medical benefits are awarded to almost all, and a large number earn dental coverage. The information for this snapshot was generated by responses to the PayScale salary survey.
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$41,068 - $87,960
(Median)
$41K
$60K
$88K
MEDIAN: $59,773
10%
50%
90%

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$13.39 - $31.71
(Median)
$13
$20
$32
MEDIAN: $19.00
10%
50%
90%

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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
$41,068 - $87,960  
   
Bonus
$0.00 - $12,080  
Profit Sharing
$180.34 - $10,155  
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).
)
$39,568 - $93,780  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,071
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
$13.39 - $31.71  
   
Overtime
$19.58 - $44.26  
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
$0.00 - $12,080  
   
Profit Sharing
$180.34 - $10,155  
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).
)
$39,568 - $93,780  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 105
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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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Risk Analysts may progress into high-paying roles like Senior Risk Manager, where median compensation is $114K annually.

Risk Analyst Job Listings

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Popular Employer Salaries for Risk Analyst


Risk Analysts seeking a sizable paycheck can earn the most at Bank of America Corp. (BOFA), where the average salary comes to $82K.

Popular Skills for Risk Analyst


Risk Analysts generally report applying a varied skill set to their work. Most notably, skills in SAS, SQL, Microsoft Office, and Financial Analysis are correlated to pay that is above average, with boosts between 6 percent and 18 percent. At the other end of the pay range are skills like Project Management and Insurance. For most people, competency in Data Analysis indicates knowledge of 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. Respondents with less than five years' experience take home $58K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $68K. Risk Analysts see a median salary of $77K after reaching one to two decades on the job. People who have worked for more than 20 years report a median income of $82K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $60,295

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

Home to some of the best pay for Risk Analysts, Wilmington offers exceptional salaries, 29 percent above the national average. Risk Analysts will also find cushy salaries in New York (+25 percent), Charlotte (+24 percent), Boston (+17 percent), and San Francisco (+16 percent). Phoenix ranks last in the field for pay, reporting salaries 12 percent below the national average. Workers in Philadelphia and Dallas earn salaries that trail the national average for those in this profession (9 percent less and 7 percent less, respectively).

Related Job Salaries

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Experience Affects Risk Analyst Salaries

Late-Career
up arrow 35%



National Average
$60,000


Skills That Affect Risk Analyst Salaries

SAS
up arrow 18%

SQL
up arrow 11%

Microsoft Office
up arrow 6%

Data Analysis
up arrow 3%

Financial Analysis
up arrow 3%

Risk Management / Risk Control
up arrow 1%

Microsoft Excel
up arrow 1%

Financial Modeling
up arrow 1%

National Average
$60,000

Insurance
up arrow 11%

Project Management
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 180 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
11%
1-4 years
54%
5-9 years
23%
10-19 years
10%
20 years or more
2%

Common Health Benefits

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