Risk Management Analyst Salary

Median pay for Risk Management Analysts in the United States lies in the neighborhood of $62K per year. With some bonuses approaching $12K and certain profit sharing proceeds approaching $9K, overall incomes of Risk Management Analysts spread between $42K and $100K depending on individual performance. Compensation for this group is mainly affected by geography, but the company and experience level are influential factors as well. Women Risk Management Analysts who took the survey just slightly outnumber men. Most Risk Management Analysts report high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$44,286 - $97,292
$44K
$62K
$97K
MEDIAN: $61,704
10%
50%
90%

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$14.87 - $33.56
$15
$23
$34
MEDIAN: $22.76
10%
50%
90%

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$0$99K
Salary $44,286 - $97,292
Bonus $515 - $12,199
Profit Sharing $503 - $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).
)
$41,590 - $99,843
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 320
Hourly Data $0$51
Hourly Rate $14.87 - $33.56
Overtime $26.32 - $51.80
Annual Data $0$99K
Bonus $515 - $12,199
Profit Sharing $503 - $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).
)
$41,590 - $99,843
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 46

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • 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.
  • Maintain and implement the risk management plan.
  • Analyze portfolio trends, score cut offs, loss trends, and portfolio dynamics.

Common Career Paths for Risk Management Analyst


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Risk Management Analysts who go on to become Risk Managers may see their salaries climb quite a bit. Median pay for Risk Managers is $86K annually. Risk Management Analysts typically move into roles as Risk Management Managers or Risk Management Consultants, and those positions pay $22K more and $13K more, respectively.

Risk Management Analyst Job Listings

Popular Employer Salaries for Risk Management Analyst


Popular Skills for Risk Management Analyst


Risk Management Analysts seem to require a number of specific skills. Most notably, skills in Risk Management / Risk Control, Financial Analysis, Microsoft Excel, and Data Analysis are correlated to pay that is above average. Those listing Microsoft Office as a skill should be prepared for drastically lower pay. Insurance and Claim Handling also typically command lower compensation. The majority of those who know Microsoft Excel also know Financial Analysis.

Pay by Experience Level for Risk Management Analyst

Pay by Experience for a Risk Management Analyst has a positive trend. An entry-level Risk Management Analyst with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 239 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Management Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $73,000 based on 92 salaries. An experienced Risk Management Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $69,000 based on 58 salaries. A Risk Management Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $73,000 based on 19 salaries.

Pay Difference by Location

National Average: $61,719

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

Home to some of the best pay for Risk Management Analysts, San Francisco offers exceptional salaries, 31 percent above the national average. Risk Management Analysts will also find cushy salaries in Charlotte (+29 percent), New York (+26 percent), Chicago (+14 percent), and Columbus (+13 percent). Risk Management Analysts in St. Louis report much lower salaries than the rest of the country — 30 percent below the national average — proving that residence is a major factor in overall pay. Two other places where employers offer below-median salaries are Dallas (15 percent less) and Philadelphia (9 percent less).

Risk Management Analyst Reviews

Q: What is it like working as a Risk Management Analyst?

Risk Management Analyst in Philadelphia:
"Risk."
Pros: My job is consistent with opportunity to be creative.
Cons: My job is at time routine with little changes to daily work.

Related Job Salaries

Key Stats for Risk Management Analyst

Gender

Female
58 %
Male
42 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 63 votes.
Less than 1 year
10%
1-4 years
50%
5-9 years
22%
10-19 years
12%
20 years or more
6%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Analyst Salaries

Late-Career
▲19%

▲18%

▲12%

National Average
$62,000

▼3%

Skills That Affect Risk Management Analyst Salaries


Financial Analysis
▲2%

National Average
$62,000



Claim Handling
▼21%

Insurance
▼23%

Microsoft Office
▼25%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 63 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
10%
1-4 years
50%
5-9 years
22%
10-19 years
12%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 86%
vision benefits
Vision: 75%
no benefits
None: 6%
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