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Risk Management Analyst Salary (United States)

Approximately three-fifths of Risk Management Analysts report less than five years' experience, making for a field full of relatively fresh workers who earn around $59K per year on average. Including potential for bonuses and profit sharing — peaking near $13K and $5K, respectively — total cash payment to Risk Management Analysts can bottom out near $38K or peak near $88K depending on individual performance. Location and tenure each impact pay for this group, with the former having the largest influence. The vast majority get medical and dental insurance, and a fair portion get vision plans, too. Women are just slightly outnumbered, with male Risk Management Analysts making up 51 percent of workers. Most Risk Management Analysts report high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
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  
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  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 54
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Years in Field/Career:
Location:
Years in Field/Career:
United States (change)

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

Overall, survey participants reported applying a fair number of skills to their work. 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 seem to negatively impact pay include Insurance, Claim Handling, and Financial Analysis. 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.
Although individuals who have less than five years' experience earn $56K on average, people with five to 10 years benefit from a notably larger average of $67K. The average pay reported by folks with 10 to 20 years of experience is around $72K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $67K on average. Most employees in this workforce have between one and nine years of experience; most of those surveyed fall within this distribution. Experienced employees who have 10-20 years of experience make up close to a seventh 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 fewer than one in twenty.

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.
With a pay rate for Risk Management Analysts that is 31 percent greater than the national average, New York offers a comfortable salary for those in this profession. 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). Location is a huge contributor to overall pay, with Risk Management Analysts in St. Louis earning a whopping 29 percent below the national average. Employers pay around 5 percent less in Chicago and 2 percent less in Houston, below-median salaries for those in this field.

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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%