Risk Management Analyst Salary (United States)

A relatively junior crowd, more than half of Risk Management Analysts have fewer than five years of experience under their belt and the average salary for the field is $58,965 annually. The range in pay spans from $38,143 to $88,297 per year. Overall cash allowance—including $12,854 bonuses and $4,750 profit sharing proceeds—ranges between $40,344 and $84,100. Geography and experience level each impact pay for this group, with the former having the largest influence. Benefits are plentiful in this line of work; the vast majority people have both medical and dental plans, and most have vision insurance. Men make up a slight majority of Risk Management Analysts (51 percent). The majority of Risk Management Analysts claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
Risk Management 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.
)
$40,344 - $84,100
(Median)
40K
50K
59K
71K
84K
MEDIAN: $59,153
10%
25%
50%
75%
90%
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Risk Management 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.
)
$12.70 - $23.96
(Median)
13
15
18
22
24
MEDIAN: $17.00
10%
25%
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$30K$60K$90K
Salary
$40,344 - $84,100  
   
Bonus
$971 - $12,854  
Profit Sharing
$200.00 - $4,750  
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).
)
$38,143 - $88,297  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 434
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$15$30$45
Hourly Rate
$12.70 - $23.96  
   
Overtime
$17.70 - $34.17  
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$30K$60K$90K
Bonus
$971 - $12,854  
   
Profit Sharing
$200.00 - $4,750  
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).
)
$38,143 - $88,297  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 54
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United States (change)
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Job Description for Risk Management Analyst

  • 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.

Risk Management Analyst Job Listings

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Popular Skills for Risk Management Analyst

Risk Management Analysts seem to require a number of specific skills. Most notably, facility with Data Analysis and Risk Management / Risk Control are correlated to pay that is significantly above average, leading to increases of 25 percent and 6 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Insurance, Claim Handling, and Financial Analysis. For most people, competency in Microsoft Excel indicates knowledge of Financial Analysis.

Pay by Experience Level for Risk Management Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.
New salaries start at $56K and reach $67K in five to 10 years. Those with one to two decades of experience under their belt tend to see salaries around $77K. After 20 years on the job, salaries actually take a dive for Risk Management Analysts, averaging around $67K. Experienced employees who have 10-20 years of experience make up 14 percent of the workforce; inexperienced individuals who have been working for less than one year comprise 11 percent, and senior people with more than 20 years under their belt fill out the remaining less than five. Most of respondents report having between one and nine years of experience in this field.

Pay Difference By Location

New York
up arrow 31%
San Francisco
up arrow 16%
Boston
up arrow 6%
Atlanta
up arrow 4%
Dallas
up arrow 3%
National Average
$59,000
Houston
up arrow 2%
Chicago
up arrow 5%
St. Louis
up arrow 29%
Larger circles over a city indicate a job is popular in that location.
For Risk Management Analysts, busy New York offers a higher-than-average pay rate, 31 percent above the national average. Those in search of high salaries should also consider checking out cities like San Francisco, Boston, Atlanta, and Dallas, top-paying markets where Risk Management Analysts rake in more than the national norm (+16 percent, +6 percent, +4 percent, and +3 percent). Risk Management Analysts in St. Louis report much lower salaries than the rest of the country—29 percent below the national average—proving that residency is a major factor in overall pay. Two other places where employers offer below-median salaries are Chicago (-5 percent) and Houston (-2 percent).

Related Job Salaries

Experience Affects Risk Management Analyst Salaries

Experienced
up arrow 21%
Late-Career
up arrow 14%
National Average
$59,000

Skills That Affect Risk Management Analyst Salaries

Data Analysis
up arrow 25%
National Average
$59,000
Microsoft Excel
up arrow 1%
Financial Analysis
up arrow 5%
Claim Handling
up arrow 17%
Insurance
up arrow 19%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 133 votes.

Gender

Female
49%
female alumni
 
Male
51%
male alumni

Years of Experience

Less than 1 year
11%
1-4 years
48%
5-9 years
23%
10-19 years
14%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 86%
vision benefits Vision: 70% employee benefits None: 8%
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