Risk Management Analyst Salary (United States)

59 percent of Risk Management Analysts are relatively green, reporting fewer than five years in the field, and median pay in the workforce is around $58,965 annually. Pay begins at $38,143 on the low end and climbs to $88,297 per year near the top. Residency is the biggest factor affecting pay for this group, followed by tenure. Almost all employees report receiving medical and dental coverage from their employers and most collect vision insurance. Men just barely outnumber women in the field at 51 percent. Job satisfaction is reported as high by the vast majority of workers. This overview is based on answers to PayScale's salary questionnaire.
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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Location:
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

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. Most people who know Microsoft Excel also know 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. For Risk Management Analysts, two decades of experience in the field often means a drop in salary—average earnings fall to $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 percent. Between one and nine years is the typical spectrum of experience for those in this line of work—of those who took the survey, most land within it.

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.
New York offers some of the highest pay in the country for Risk Management Analysts, 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). The lowest-paying market is St. Louis, which sits 29 percent below the national average, proving that location is a significant contributor to overall pay. Below-median salaries also turn up in Chicago and Houston (-5 percent and -2 percent, respectively).

Related Job Salaries

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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%