Risk Management Analysts in the United States can expect to earn an average of $62K per year. Total cash earnings of Risk Management Analysts range from $41K on the low end to $100K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $12K and $9K, respectively. The most influential factor affecting pay for this group is geography, though the company and years of experience have a (lesser) impact as well. Job satisfaction for Risk Management Analysts is high. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. The data in this summary comes from the PayScale salary survey.
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$41,952 - $97,075
$42K
$62K
$97K
MEDIAN: $61,948
10%
50%
90%

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$15.38 - $34.20
$15
$23
$34
MEDIAN: $23.00
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$50K$100K$150K
Salary
$41,952 - $97,075  
   
Bonus
$501 - $11,976  
Profit Sharing
$206.08 - $8,726  
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).
)
$41,121 - $100,279  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 314
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$25$50$75
Hourly Rate
$15.38 - $34.20  
   
Overtime
$27.75 - $50.14  
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$50K$100K$150K
Bonus
$501 - $11,976  
   
Profit Sharing
$206.08 - $8,726  
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).
)
$41,121 - $100,279  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 49

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

  • 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 may progress into high-paying roles like Risk Manager, where median compensation is $86K annually. Risk Management Analysts most often move into positions as Risk Management Managers or Risk Management Consultants; those groups report median salaries that are $22K higher and $13K 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 suggest that Risk Management Analysts put a wide range of professional skills to use. 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. Those proficient in Microsoft Excel are, more often than not, 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 $59K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $71K. Risk Management Analysts claiming one to two decades of experience make an estimated median of $67K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $73K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $62,156

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

For Risk Management Analysts, busy San Francisco offers a higher-than-average pay rate, 30 percent above the national average. Risk Management Analysts will also find cushy salaries in New York (+25 percent), Chicago (+13 percent), Minneapolis (+9 percent), and Boston (+5 percent). Risk Management Analysts in St. Louis earn salaries far below the national average by 31 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Two other places where employers offer below-median salaries are Dallas (16 percent less) and Philadelphia (10 percent less).

Related Job Salaries

Key Stats for Risk Management Analyst

Gender

Female
59 %
Male
41 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 56 votes.
Less than 1 year
9%
1-4 years
51%
5-9 years
20%
10-19 years
15%
20 years or more
5%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Risk Management Analyst Salaries

Late-Career
up arrow 17%



National Average
$62,000


Skills That Affect Risk Management Analyst Salaries


Financial Analysis
up arrow 1%

National Average
$62,000



Claim Handling
up arrow 22%

Insurance
up arrow 23%

Microsoft Office
up arrow 26%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 56 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
9%
1-4 years
51%
5-9 years
20%
10-19 years
15%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 85%
vision benefits
Vision: 74%
dental benefits
None: 6%
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