Risk Analyst Salary

Median pay for Risk Analysts in the United States is around $60K per year. Cash earnings for Risk Analysts — including $11K in bonuses and $9K in profit sharing proceeds near the top of the pay scale — generally stretch from $39K to $92K depending on individual performance. Earnings for this group are mostly affected by geography, followed by tenure and the particular employer. Job satisfaction for Risk Analysts is high. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$41,038 - $87,259

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$13.07 - $30.37

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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$31K$62K$93K
Salary
$41,038 - $87,259  
   
Bonus
$0.00 - $10,864  
Profit Sharing
$194.15 - $9,274  
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).
)
$39,248 - $92,068  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 922
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
$13.07 - $30.37  
   
Overtime
$16.93 - $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 - $10,864  
   
Profit Sharing
$194.15 - $9,274  
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).
)
$39,248 - $92,068  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 94
United States (change)

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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 who go on to become Senior Risk Managers may see their salaries climb quite a bit. Median pay for Senior Risk Managers is $113K annually.

Risk Analyst Job Listings

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Popular Employer Salaries for Risk Analyst


Offering only $63K on average, J.P. Morgan Chase & Co. (JPMCC) seems to pay the least. Moreover, the pay scale seems pretty narrow there; employees make $28K on the lower end and $94K on the higher end.

Popular Skills for Risk Analyst


Survey results imply that Risk Analysts put a diverse skill set to use. Most notably, skills in SAS, Financial Modeling, SQL, and Microsoft Office are correlated to pay that is above average, with boosts between 12 percent and 20 percent. Those educated in Data Analysis tend to be well versed 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. Survey participants with less than five years' experience pocket $57K on average, but those with five to 10 years of experience enjoy a much bigger median of $67K. On average, Risk Analysts make $75K following one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $81K.

Pay Difference by Location


For those looking to make money, Risk Analysts in Wilmington enjoy an exceptional pay rate, 30 percent above the national average. Risk Analysts will also find cushy salaries in New York (+28 percent), Charlotte (+25 percent), Boston (+17 percent), and Columbus (+12 percent). Those in the field find the lowest salaries in Phoenix, 12 percent below the national average. Two other places where employers offer below-median salaries are Dallas (11 percent less) and Atlanta (9 percent less).

Related Job Salaries

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Experience Affects Risk Analyst Salaries

Late-Career
up arrow 36%



National Average
$60,000


Skills That Affect Risk Analyst Salaries

SAS
up arrow 20%

Financial Modeling
up arrow 16%

SQL
up arrow 12%

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%

National Average
$60,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 167 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
11%
1-4 years
53%
5-9 years
24%
10-19 years
10%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 83%
vision benefits Vision: 69% employee benefits None: 8%
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