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Risk Analyst Salary

Risk Analysts in the United States take home approximately $59K per year on average. Cash earnings for Risk Analysts — which occasionally include more than $11K from bonuses and more than $10K from profit sharing — stretch from around $38K to approximately $95K. Compensation for this group is mainly affected by geography, but experience level and the individual firm are influential factors as well. Work is enjoyable for Risk Analysts, who typically claim high levels of job satisfaction. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. Women are just slightly outnumbered, with male Risk Analysts making up 58 percent of survey respondents. This report is based on answers to PayScale's salary questionnaire.
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$40,123 - $87,959
(Median)
$40K
$59K
$88K
MEDIAN: $59,137
10%
50%
90%

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$12.26 - $31.20
(Median)
$12
$19
$31
MEDIAN: $18.00
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
$40,123 - $87,959  
   
Bonus
$0.00 - $11,335  
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).
)
$38,344 - $95,105  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 868
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
$12.26 - $31.20  
   
Overtime
$15.83 - $44.63  
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 - $11,335  
   
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).
)
$38,344 - $95,105  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 82

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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 might see a strong upturn in salary after transitioning into upper-level roles such as Risk Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $84K per year.

Risk Analyst Job Listings

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Popular Employer Salaries for Risk Analyst


Though certain workers may see earnings of up to $94K, J.P. Morgan Chase & Co. (JPMCC) still falls short in the compensation department — the median pay is only $61K, the lowest in the field.

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 10 percent and 18 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.


Risk Analysts with a lot of experience do not necessarily enjoy more money. The average worker who claims fewer than five years of experience earns around $57K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $66K. People with 10 to 20 years of experience make an average of about $72K in this role. Risk Analysts who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $81K.

Pay Difference by Location


For Risk Analysts, New York provides a pay rate that is 33 percent greater than the national average. Risk Analysts will also find cushy salaries in Wilmington (+31 percent), Boston (+17 percent), Minneapolis (+11 percent), and Chicago (+10 percent). Atlanta ranks last in the field for pay, reporting salaries 18 percent below the national average. On the whole, employers pay 14 percent below the median salary for those in this field in Philadelphia and Phoenix.

Related Job Salaries

United States (change)

Experience Affects Risk Analyst Salaries

Late-Career
up arrow 36%



National Average
$60,000


Skills That Affect Risk Analyst Salaries

SAS
up arrow 18%

Financial Modeling
up arrow 16%

SQL
up arrow 10%

Microsoft Office
up arrow 7%


Financial Analysis
up arrow 4%

Risk Management / Risk Control
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$60,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 182 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
10%
1-4 years
54%
5-9 years
25%
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%