Pay for Risk Management Analysts in the United States sits in the ballpark of $61K per year. With some bonuses approaching $12K and certain profit sharing proceeds approaching $9K, overall incomes of Risk Management Analysts spread between $41K and $99K depending on individual performance. The most important factor affecting compensation for this group is residence, followed by the company and experience level. For the most part, Risk Management Analysts enjoy their work and report high levels of job satisfaction. Women Risk Management Analysts who took the survey just slightly outnumber men. Medical benefits are awarded to almost all, and a large number earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$41,410 - $93,668
(Median)
$41K
$61K
$94K
MEDIAN: $61,208
10%
50%
90%

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$15.44 - $34.77
(Median)
$15
$23
$35
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$33K$66K$99K
Salary
$41,410 - $93,668  
   
Bonus
$495.79 - $11,665  
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).
)
$40,959 - $98,722  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 312
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$17$34$51
Hourly Rate
$15.44 - $34.77  
   
Overtime
$34.44  
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
$495.79 - $11,665  
   
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).
)
$40,959 - $98,722  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 42
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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 who go on to become Risk Managers may see their salaries climb quite a bit. Median pay for Risk Managers is $86K annually. Typical career progression for a Risk Management Analyst involves becoming a Risk Management Manager or a Risk Management Consultant, roles that pay $23K more and $13K more on average.

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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. It is often found that people who know Microsoft Excel are 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.


Salaries of relatively inexperienced workers fall in the neighborhood of $59K, but folks who have racked up five to 10 years see a notably higher median of $70K. On average, Risk Management Analysts make $67K following one to two decades on the job. Survey participants who have worked for more than two decades report bringing in $73K on average.

Pay Difference by Location

National Average: $61,636

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

For Risk Management Analysts, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Risk Management Analysts will also find cushy salaries in New York (+27 percent), Chicago (+6 percent), Boston (+6 percent), and Los Angeles (+5 percent). Risk Management Analysts in St. Louis report much lower salaries than the rest of the country — 30 percent below the national average — proving that residence is a major factor in overall pay. Philadelphia and Dallas are a couple other places where companies are known to pay below the median — salaries are 16 percent lower and 10 percent lower, respectively.

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Experience Affects Risk Management Analyst Salaries

Late-Career
up arrow 18%


Experienced
up arrow 8%

National Average
$62,000


Skills That Affect Risk Management Analyst Salaries

Risk Management / Risk Control
up arrow 2%

Financial Analysis
up arrow 1%

National Average
$62,000

Microsoft Excel
up arrow 2%

Data Analysis
up arrow 7%

Claim Handling
up arrow 21%

Insurance
up arrow 23%

Microsoft Office
up arrow 25%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 53 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
11%
1-4 years
49%
5-9 years
21%
10-19 years
14%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
medical benefits
Vision: 73%
dental benefits
None: 7%
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