Risk Management Analyst Salary

Risk Management Analysts in the United States earn an average of $61K per year; salaries are particularly strong in New York, where workers earn around $78K. Risk Management Analysts will also find cushy salaries in San Francisco (+12 percent), Boston (+10 percent), Minneapolis (+5 percent), and Los Angeles (+4 percent). This overview is based on answers to PayScale's salary questionnaire.
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$42,010 - $87,156
(Median)
$42K
$61K
$87K
MEDIAN: $60,948
10%
50%
90%

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$14.67 - $27.58
(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
$42,010 - $87,156  
   
Bonus
$97.87 - $12,057  
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).
)
$40,762 - $90,266  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 374
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
$14.67 - $27.58  
   
Overtime
$17.72 - $39.73  
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
$97.87 - $12,057  
   
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).
)
$40,762 - $90,266  
Country: United States | Currency: USD | Updated: 20 Jun 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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Many Risk Management Analysts move into a Risk Management Manager role, and folks who currently hold that position report a much 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


Risk Management Analysts seem to require a number of specific skills. Most notably, facility with Data Analysis, Financial Analysis, and Risk Management / Risk Control are correlated to pay that is significantly above average, leading to increases of 21 percent, 7 percent, and 3 percent, respectively. Insurance and Claim Handling as skills, however, tend to be associated with significantly smaller paychecks. 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.


The average beginner in this position makes around $58K, but folks who have been around for five to 10 years see a markedly higher median salary of $70K. Risk Management Analysts bring in $67K after working for 10 to 20 years. Risk Management Analysts with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.

Pay Difference by Location

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Experience Affects Risk Management Analyst Salaries


Experienced
up arrow 10%

Late-Career
up arrow 10%

National Average
$61,000


Skills That Affect Risk Management Analyst Salaries

Data Analysis
up arrow 21%

Financial Analysis
up arrow 7%

Risk Management / Risk Control
up arrow 3%

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 76 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
8%
1-4 years
45%
5-9 years
26%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 86%
vision benefits Vision: 72% employee benefits None: 7%
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