$63,801
Avg. Salary

Average additional compensation for this job:

Bonus

$4,438

Profit Sharing

$2,300
Risk Management Analysts in the United States take home approximately $62K annually on average. Cash earnings for Risk Management Analysts — which occasionally include more than $12K from bonuses and more than $9K from profit sharing — stretch from around $41K to approximately $100K. Geographic location is the main element affecting pay for this group — the specific employer and years of experience are driving factors as well. The majority of workers are highly satisfied with their job. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. Nearly all report receiving medical coverage from their employers and most collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.
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$44,578 - $98,489
$45K
$64K
$98K
MEDIAN: $63,801
10%
50%
90%

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$15.05 - $37.10
$15
$23
$37
MEDIAN: $23.01
10%
50%
90%

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$0$102K
Salary $44,578 - $98,489
Bonus $727 - $13,808
Profit Sharing $0.00 - $7,946
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).
)
$41,702 - $102,196
  • Country: United States
  • Currency: USD
  • Updated: 16 Jul 2018
  • Individuals Reporting: 607
Hourly Data $0$54
Hourly Rate $15.05 - $37.10
Overtime $26.44 - $54.74
Annual Data $0$102K
Bonus $727 - $13,808
Profit Sharing $0.00 - $7,946
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).
)
$41,702 - $102,196
  • Country: United States
  • Currency: USD
  • Updated: 16 Jul 2018
  • Individuals Reporting: 90

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

  • 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.
  • Maintain and implement the risk management plan.
  • Analyze portfolio trends, score cut offs, loss trends, and portfolio dynamics.

Risk Management Analyst Pay By Employer

$0$85K

$79,117

$56,211

Common Career Paths for Risk Management Analyst


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At the upper end, Risk Management Analysts who move into a Risk Manager role can end up with a hefty increase in pay. The average income for Risk Managers is a much higher $86K per year. Risk Management Analysts most often move into positions as Risk Management Managers or Risk Management Consultants; those groups report median salaries that are $22K higher and $13K higher, respectively.

Risk Management Analyst Job Listings

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. Most people who know Microsoft Excel also know Financial Analysis.

Pay by Experience Level for Risk Management Analyst

Pay by Experience for a Risk Management Analyst has a positive trend. An entry-level Risk Management Analyst with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 239 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Risk Management Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $73,000 based on 92 salaries. An experienced Risk Management Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $69,000 based on 58 salaries. A Risk Management Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $73,000 based on 19 salaries.

Pay Difference by Location

National Average: $63,565

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

Home to some of the best pay for Risk Management Analysts, San Francisco offers exceptional salaries, 30 percent above the national average. Risk Management Analysts can also look forward to large paychecks in cities like Charlotte (+29 percent), New York (+25 percent), Chicago (+13 percent), and Columbus (+13 percent). Location is a huge contributor to overall pay, with Risk Management Analysts in St. Louis earning a whopping 31 percent below the national average. Below-median salaries also turn up in Dallas and Philadelphia (16 percent lower and 10 percent lower, respectively).

Risk Management Analyst Reviews

Q: What is it like working as a Risk Management Analyst?

Risk Management Analyst in Philadelphia:
"Risk."
Pros: My job is consistent with opportunity to be creative.
Cons: My job is at time routine with little changes to daily work.

Related Job Salaries

Key Stats for Risk Management Analyst

Gender

Female
54 %
Male
46 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 123 votes.
Less than 1 year
9%
1-4 years
48%
5-9 years
22%
10-19 years
14%
20 years or more
6%

Experience Affects Risk Management Analyst Salaries

Late-Career
▲15%

▲14%

▲9%

National Average
$64,000

▼6%

Skills That Affect Risk Management Analyst Salaries


National Average
$64,000

Financial Analysis
▼1%



Claim Handling
▼23%

Insurance
▼25%

Microsoft Office
▼27%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 123 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
9%
1-4 years
48%
5-9 years
22%
10-19 years
14%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 84%
vision benefits
Vision: 74%
no benefits
None: 7%