Risk Management Analyst Salary

The average salary for Risk Management Analysts in the United States is $60K per year, and pay runs especially high in New York, where the average is $78K. Risk Management Analysts will also find cushy salaries in San Francisco (+13 percent), Boston (+11 percent), Los Angeles (+6 percent), and Chicago (+2 percent). The information for this snapshot was generated by responses to the PayScale salary survey.
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$41,700 - $86,871
(Median)
$42K
$60K
$87K
MEDIAN: $60,154
10%
50%
90%

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$14.38 - $26.89
(Median)
$14
$20
$27
MEDIAN: $19.00
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$31K$62K$93K
Salary
$41,700 - $86,871  
   
Bonus
$496.65 - $12,462  
Profit Sharing
$-0.50 - $4,470  
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).
)
$39,866 - $90,208  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 371
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
$14.38 - $26.89  
   
Overtime
$17.64 - $36.00  
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
$496.65 - $12,462  
   
Profit Sharing
$-0.50 - $4,470  
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).
)
$39,866 - $90,208  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 50

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

Risk Management Analyst Job Listings

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Popular Employer Salaries for Risk Management Analyst


Popular Skills for Risk Management Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Data Analysis, Financial Analysis, Risk Management / Risk Control, and Microsoft Excel are correlated to pay that is above average, with boosts between 4 percent and 18 percent. Insurance and Claim Handling, on the other hand, are typically associated with much lower pay. It is often found that people who know Microsoft Excel are also skilled in Financial Analysis.

Pay by Experience Level for Risk Management Analyst

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


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 $67K. On average, Risk Management Analysts make $69K following one to two decades on the job. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $67K.

Pay Difference by Location

Related Job Salaries

United States (change)

Experience Affects Risk Management Analyst Salaries

Experienced
up arrow 15%


Late-Career
up arrow 11%

National Average
$60,000


Skills That Affect Risk Management Analyst Salaries

Data Analysis
up arrow 18%

Financial Analysis
up arrow 5%

Risk Management / Risk Control
up arrow 4%

Microsoft Excel
0%

National Average
$60,000

Claim Handling
up arrow 19%

Insurance
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 81 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
9%
1-4 years
45%
5-9 years
26%
10-19 years
15%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 70% employee benefits None: 8%