Risk Management Analyst Salary

Risk Management Analysts in the United States earn an average of $60K annually, and top pay can be found in San Francisco, where the average is $80K. Risk Management Analysts can also look forward to large paychecks in cities like New York (+27 percent), Boston (+7 percent), Minneapolis (+6 percent), and Los Angeles (+6 percent). This report is based on answers to PayScale's salary questionnaire.
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$42,159 - $88,879
(Median)
$42K
$60K
$89K
MEDIAN: $60,486
10%
50%
90%

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$14.54 - $31.63
(Median)
$15
$21
$32
MEDIAN: $21.00
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$31K$62K$93K
Salary
$42,159 - $88,879  
   
Bonus
$1.14 - $10,645  
Profit Sharing
$0.00 - $4,615  
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).
)
$41,241 - $91,904  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 434
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
$14.54 - $31.63  
   
Overtime
$18.03 - $43.63  
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
$1.14 - $10,645  
   
Profit Sharing
$0.00 - $4,615  
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).
)
$41,241 - $91,904  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 47
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Job Description for Risk Management Analyst

Depending on the field and employer, a risk management analyst may have a variety of responsibilities. Generally speaking, this employee is a person who studies the ways large companies avoid financial risks and potential pitfalls, and makes suggestions to improve these systems and maintain their efficiency.

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Risk Management Analyst Tasks

  • Maintain and implement the risk management plan.
  • Analyze portfolio trends, score cut offs, loss trends, and portfolio dynamics.
  • Assist in preventing, identifying, analyzing, handling, tracking, reducing and controlling risks to customer or company.
  • Monitor for fraud, accounts that are nearing their credit limit, and past due accounts.

Common Career Paths for Risk Management Analyst


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Risk Management Analysts' salaries may rise greatly for those who assume a higher-end position such as a Senior Risk Manager. The average Senior Risk Manager brings home $114K per year. Career advancement for the typical Risk Management Analyst often leads to becoming a Risk Management Manager or a Risk Management Consultant; median salaries in these positions are $23K higher and $14K higher, respectively.

Risk Management Analyst Job Listings

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Popular Employer Salaries for Risk Management Analyst


Popular Skills for Risk Management Analyst


Survey results show that Risk Management Analysts use a fair number of skills. Most notably, skills in Financial Analysis, Risk Management / Risk Control, Data Analysis, and Microsoft Excel are correlated to pay that is above average. Those listing Insurance and Claim Handling as skills, on the other hand, should be prepared for drastically lower pay. Most people skilled in Microsoft Excel are similarly competent in Financial Analysis.

Pay by Experience Level for Risk Management Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


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 $71K. After working for 10 to 20 years, Risk Management Analysts make a median salary of $68K. Risk Management Analysts with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.

Pay Difference by Location

National Average: $61,027

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

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Experience Affects Risk Management Analyst Salaries


Experienced
up arrow 11%

Late-Career
up arrow 11%

National Average
$61,000


Skills That Affect Risk Management Analyst Salaries

Financial Analysis
up arrow 6%

Risk Management / Risk Control
up arrow 3%

Data Analysis
up arrow 3%

Microsoft Excel
up arrow 2%

National Average
$61,000

Claim Handling
up arrow 20%

Insurance
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 78 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
9%
1-4 years
47%
5-9 years
25%
10-19 years
15%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 86%
medical benefits
Vision: 73%
dental benefits
None: 6%
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