Risk Analyst Salary

The average Risk Analyst in the United States can expect to rake in roughly $60K per year. Total cash compensation to Risk Analysts bottoms out near $40K and approaches $94K on the high end; the biggest paychecks include approximately $12K from bonuses and almost $10K from profit sharing. The most influential factor affecting pay for this group is geography, though experience level and the specific company have a (lesser) impact as well. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to more than half. Most Risk Analysts report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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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 experience a large salary bump if they progress into a role such as Senior Risk Manager. The latter position pays an average of $114K annually.

Risk Analyst Job Listings

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Popular Employer Salaries for Risk Analyst


Risk Analysts flock to Bank of America Corp. (BOFA) for generous paychecks, where average earnings of $82K lead the pack in compensation.

Popular Skills for Risk Analyst


Risk Analysts report using a diverse set of skills on the job. 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. Skills that pay less than market rate include Project Management and Insurance. Most people experienced in Data Analysis also know 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.


More years of relevant experience do not necessarily translate to higher paychecks. Salaries of relatively inexperienced workers fall in the neighborhood of $58K, but folks who have racked up five to 10 years see a notably higher median of $68K. Risk Analysts with one to two decades of relevant experience report an average salary of approximately $77K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $82K.

Pay Difference by Location

National Average: $60,295

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

For Risk Analysts, busy Wilmington offers a higher-than-average pay rate, 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). Trailing the national average by 12 percent, Phoenix is the market with the smallest paychecks. Employers pay around 9 percent less in Philadelphia and 7 percent less in Dallas, below-median salaries for those in this field.

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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