Avg. Base Salary (USD)
The average salary for a Risk Analyst is $62,571
What is the Pay by Experience Level for Risk Analysts?
An early career Risk Analyst with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $60,678 based on 21 salaries. A mid-career Risk Analyst with 5-9 years of experience earns an average total compensation of $75,000 based on 6 salaries.
What Do Risk Analysts Do?
Risk analysts work primarily for banks or insurance companies and their tasks include carefully verifying potential clients' application information, following up on missing documentation and data with applicants or potential clients, and obtaining data from various agencies, such as credit bureaus, to verify data and information submitted by applicants. They must also be able to interpret corporate or merchants' financial statements and/or personal credit reports and maintain good …Read more
- Analyze data to calculate risks and outcomes.
- Aggregate and transform data from multiple sources to produce consistent results.
- Audit data and establish quality control measures.
- Create reports and summaries, and document processes and procedures.
FAQs About Risk Analysts
What is the highest pay for Risk Analysts?
Our data indicates that the highest pay for a Risk Analyst is $82k / year
What is the lowest pay for Risk Analysts?
Our data indicates that the lowest pay for a Risk Analyst is $41k / year
How can Risk Analysts increase their salary?
Increasing your pay as a Risk Analyst is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Risk Analyst that oversees more junior Risk Analysts, this experience can increase the likelihood to earn more.