Risk Management Analyst Salary

Risk Management Analysts earn around $61K per year on average in the United States, but employers pay the most in New York, offering approximately $78K at the median. Risk Management Analysts will also find cushy salaries in San Francisco (+12 percent), Boston (+10 percent), Los Angeles (+5 percent), and Minneapolis (+5 percent). Respondents to the PayScale salary survey provided the data for this report.
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$42,358 - $87,314
(Median)
$42K
$61K
$87K
MEDIAN: $60,995
10%
50%
90%

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$14.64 - $27.64
(Median)
$15
$21
$28
MEDIAN: $20
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
$42,358 - $87,314  
   
Bonus
$96.96 - $12,071  
Profit Sharing
$0.00 - $4,363  
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).
)
$41,111 - $90,422  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 370
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
$14.64 - $27.64  
   
Overtime
$17.80 - $39.45  
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
$96.96 - $12,071  
   
Profit Sharing
$0.00 - $4,363  
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).
)
$41,111 - $90,422  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 49
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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 do not often transition into Risk Management Manager roles. The role averages $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, facility with Data Analysis and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 20 percent and 6 percent, respectively. Insurance and Claim Handling, on the other hand, are typically associated with much lower pay. Those educated in Microsoft Excel tend to be well versed in Financial Analysis.

Pay by Experience Level for Risk Management Analyst

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


Those in the early stages of their career can expect to make around $58K; however, individuals with five to 10 years of experience bring in $70K on average — a distinctly larger sum. After working for 10 to 20 years, Risk Management Analysts make a median salary of $67K. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.

Pay Difference by Location

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Experience Affects Risk Management Analyst Salaries


Late-Career
up arrow 11%

Experienced
up arrow 10%

National Average
$61,000


Skills That Affect Risk Management Analyst Salaries

Data Analysis
up arrow 20%

Financial Analysis
up arrow 6%

Risk Management / Risk Control
up arrow 2%

Microsoft Excel
0%

National Average
$61,000

Claim Handling
up arrow 20%

Insurance
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 73 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
8%
1-4 years
45%
5-9 years
27%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 87%
vision benefits Vision: 73% employee benefits None: 6%
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