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Risk Analyst Salary (United States)

Slightly less than two-thirds of Risk Analysts report fewer than five years in the field, and the median pay in this field is about $58K per year. Total cash compensation to Risk Analysts approaches anywhere from $37K on the lower end to $95K on the higher end; in exceptional cases, this can include more than $10K from bonuses and upwards of $9K from profit sharing. Compensation for this group is mainly affected by location, but tenure and the individual firm are influential factors as well. Nearly all enjoy medical while a solid majority get dental coverage. Vision coverage is also available to more than half. Men working as Risk Analysts just barely outnumber women at 58 percent. Job satisfaction is high and work is enjoyable for most Risk Analysts. The data in this summary comes from the PayScale salary survey.
Risk Analyst Salary (?
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.
)
$39,707 - $87,905
(Median)
40K
49K
58K
72K
88K
MEDIAN: $58,362
10%
25%
50%
75%
90%
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Risk Analyst Salary (?
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.
)
$11.80 - $30.68
(Median)
12
17
24
31
MEDIAN: $17.00
10%
50%
75%
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
$39,707 - $87,905  
   
Bonus
$0.00 - $10,350  
Profit Sharing
$986 - $8,940  
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).
)
$36,935 - $95,176  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 722
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
$11.80 - $30.68  
   
Overtime
$15.36 - $44.61  
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 - $10,350  
   
Profit Sharing
$986 - $8,940  
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).
)
$36,935 - $95,176  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 70
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Location:
Years in Field/Career:
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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.

Risk Analyst Job Listings

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Popular Employer Salaries for Risk Analyst

Bank of America Corp. (BOFA) offers the largest salaries in town — $82K on average. For Risk Analysts, below-average salaries can be found at J.P. Morgan Chase & Co. (JPMCC); in fact, typical earnings are around $61K, the lowest in the area, though the difference in the company's lowest and highest employee paychecks ($28K versus $92K) is great. Bank of America Corp. (BOFA) is another employer with a reputation for below-average pay.

Popular Skills for Risk Analyst

Survey results suggest that Risk Analysts use a fairly large toolkit of professional skills. Most notably, facility with SAS, SQL, and Microsoft Office are correlated to pay that is significantly above average, leading to increases of 22 percent, 13 percent, and 8 percent, respectively. 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.
Risk Analysts with a lot of experience do not necessarily enjoy more money. People who have worked for fewer than five years bring home $57K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $65K. People with 10 to 20 years of experience make an average of about $71K in this role. Risk Analysts who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $85K. A fair portion of the workforce has between one and nine years of experience. Experienced employees who have 10-20 years of experience make up less than one-tenth of the workforce; inexperienced individuals who have been working for less than one year comprise about a tenth, and senior people with more than 20 years under their belt fill out the remaining less than two percent.

Pay Difference By Location

up arrow 34%
Wilmington
up arrow 21%
Stamford
up arrow 21%
Boston
up arrow 17%
up arrow 12%
Minneapolis
up arrow 12%
Charlotte
up arrow 9%
Washington
up arrow 6%
up arrow 2%
National Average
$59,000
Philadelphia
up arrow 11%
up arrow 13%
Phoenix
up arrow 13%
up arrow 21%
Larger circles over a city indicate a job is popular in that location.
For Risk Analysts, working in the bustling city of New York has its advantages, including an above-average pay rate. Risk Analysts can also look forward to large paychecks in cities like Wilmington (+21 percent), Stamford (+21 percent), Boston (+17 percent), and Minneapolis (+12 percent). Location is a huge contributor to overall pay, with Risk Analysts in Atlanta earning a whopping 21 percent below the national average. Employers also pay below the national average in Dallas and Phoenix (13 percent lower).

Related Job Salaries

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Experience Affects Risk Analyst Salaries

Late-Career
up arrow 44%
National Average
$59,000

Skills That Affect Risk Analyst Salaries

SAS
up arrow 22%
SQL
up arrow 13%
Microsoft Office
up arrow 8%
Risk Management / Risk Control
up arrow 4%
Financial Analysis
up arrow 2%
Microsoft Excel
up arrow 1%
National Average
$59,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 176 votes.

Gender

Female
42%
female alumni
 
Male
58%
male alumni

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: 82%
vision benefits Vision: 69% employee benefits None: 8%