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Job outlook for market risk analysts in the United States
Are market risk analyst jobs in demand?
Market risk analyst job and salary trends over time
Market risk analyst jobs over time
Market risk analyst job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 308 | 0.00% |
| 2020 | 293 | 0.00% |
| 2019 | 288 | 0.00% |
| 2018 | 271 | 0.00% |
| 2017 | 253 | 0.00% |
Average market risk analyst salary over time
Market risk analyst salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $90,794 | $43.65 | +3.2% |
| 2024 | $88,007 | $42.31 | +1.1% |
| 2023 | $87,083 | $41.87 | --0.2% |
| 2022 | $87,234 | $41.94 | +1.1% |
| 2021 | $86,310 | $41.50 | +0.7% |
Market risk analyst jobs by state
Most common states for market risk analysts
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 490 | 71% |
| 2 | Delaware | 961,939 | 189 | 20% |
| 3 | Virginia | 8,470,020 | 1,572 | 19% |
| 4 | Massachusetts | 6,859,819 | 1,183 | 17% |
| 5 | Maryland | 6,052,177 | 861 | 14% |
| 6 | New York | 19,849,399 | 2,479 | 12% |
| 7 | Colorado | 5,607,154 | 663 | 12% |
| 8 | Rhode Island | 1,059,639 | 125 | 12% |
| 9 | Illinois | 12,802,023 | 1,442 | 11% |
| 10 | Minnesota | 5,576,606 | 587 | 11% |
| 11 | Vermont | 623,657 | 66 | 11% |
| 12 | New Jersey | 9,005,644 | 881 | 10% |
| 13 | Washington | 7,405,743 | 704 | 10% |
| 14 | Oregon | 4,142,776 | 421 | 10% |
| 15 | Utah | 3,101,833 | 325 | 10% |
| 16 | North Dakota | 755,393 | 73 | 10% |
| 17 | California | 39,536,653 | 3,374 | 9% |
| 18 | North Carolina | 10,273,419 | 934 | 9% |
| 19 | Connecticut | 3,588,184 | 337 | 9% |
| 20 | New Hampshire | 1,342,795 | 121 | 9% |
Most common cities for market risk analysts
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Holyoke | 1 | 2% | $99,935 |
| 2 | Houston | 3 | 0% | $93,570 |
| 3 | Baltimore | 2 | 0% | $104,718 |
| 4 | Dallas | 2 | 0% | $91,356 |
| 5 | New York | 1 | 0% | $105,149 |
| 6 | Raleigh | 1 | 0% | $88,147 |
| 7 | Washington | 1 | 0% | $104,720 |
Market Risk Analyst job outlook: Expert opinions
Our panel of market risk analyst experts
Montana State University - Billings
North Carolina State University
Oklahoma State University
University of Nebraska - Omaha
Middlebury College
Lafayette College
Slippery Rock University of Pennsylvania
Coastal Carolina University
Humboldt State University
Florida Gulf Coast University
Menlo College
San Francisco State University
Pennsylvania State University
What general advice would you give to a Market Risk Analyst?
Dr. Sarah Keller: Visualize your dream job, search online to find examples of organizations and positions doing what you want to do, find the individuals doing those jobs and schedule an informational interview with them. Find out how they got there, what steps they followed.
What general advice would you give to a Market Risk Analyst?
Dr. Pieter Verhallen Ph.D.: Generally speaking, always negotiate salary and signing bonus -- there is only an upside to this. Switching jobs in times of high(er) inflation is also beneficial for salary increases. Seek certifications demonstrating proficiency in marketing analytic tools (such as Google Analytics).
What general advice would you give to a Market Risk Analyst?
Jerry Rackley: Your degree is the ticket that got you in the door. The real learning begins when you start your first job. Be humble, have a willingness to learn, find a mentor within the company, be an excellent team member, be responsive, go the extra mile in performing tasks, and take solutions to your manager, not just problems.
What general advice would you give to a Market Risk Analyst?
John Lyden: Research skills (ability to find and interpret information), oral and written communication skills (ability to present information clearly), data analysis and interpretation, language interpretation and translation. Computer facility will be highly valued. Employers will include those in higher education, government, non-profits, research institutes, and museums.
What general advice would you give to a Market Risk Analyst?
Jeffrey Knopf: Some of the most important skills are traditional skills. Good communication skills are still number one. The ability to write well and communicate clearly will always help you. Qualitative research skills also remain important. The ability to learn from history or understand other cultures will always be valuable. Beyond this, I am seeing increasing demand for a variety of hard practical skills, such as data analytics or imagery analysis. Finally, in a world where the problems of misinformation and disinformation keep getting worse, critical thinking skills and the ability to discern what is true and what is fake will only increase in importance.
What will help Market Risk Analysts increase their earning potential?
Brett Hendrickson PhD, MDiv (he/him): The skills that will be even more important in the near and long-term future are culturally-competent communication, problem-solving and critical thinking, and information literacy.
Martha Taylor
Professor and Chair of ClassicsWhat Market Risk Analyst skills would you recommend for someone trying to advance their career?
Martha Taylor: Stay abreast of new trends. Read broadly and be widely curious. Keep up with advances in English literature (since so much of interpretation of Classical texts follows similar lines).
Jeananne Nicholls MBA, DBA
Professor of MarketingSlippery Rock University of Pennsylvania
Marketing
What will help Market Risk Analysts increase their earning potential?
Jeananne Nicholls MBA, DBA: Analytics...not the coding or calculating, but how to use software to analyze data and the ability to understand how to use that data to make recommendations/decisions and communicate what the data "says."
b. Written communication...Know how to write business emails, memos, marketing briefs, AND know how to write these clearly, concisely, properly use/cite secondary research. Know how and when to properly use AI.
c. Interpersonal communication...Know how to look someone in the eye when in person, being comfortable and able to clearly communicate in person AND on zoom or even on the phone.
What Market Risk Analyst skills would you recommend for someone trying to advance their career?
Matthew Gilbert: Fueled by the emergence of artificial intelligence and virtual reality, Marketing is at an exciting intersection of creativity and technology. Over the next 3-5 years, digital literacy and data analysis skills will become paramount as these technologies become more embedded in marketing strategies. Adapting and thinking critically will be invaluable skills for navigating dynamic market changes. Don't overlook the human side: emotional intelligence will also grow in importance, facilitating better customer engagement in a digital-first world. Lastly, sustainability knowledge will increase demand, reflecting consumer preference for environmentally conscious brands.
What soft skills should all Market Risk Analysts possess?
Dr. Anne Paulet Ph.D.: In terms of soft skills, those probably won't change much, they will simply be practiced differently. Being flexible is important since jobs may switch between home and office and since one may be dealing with someone else working from home and the challenges that can present-what cat owner hasn't had their cat walk in front of the camera or step on the wrong computer key? The ability to work in groups will continue to have importance as well as the ability to manage your own time and meet deadlines. At the same time, the nature of computer camera interaction means that people will have to learn to "read" others differently than they would in an in-person environment. Many recent articles have talked about how it is harder to read facial cues or detect emotional responses on the computer. Again, those presently taking synchronous classes have the opportunity to practice these skills--providing students turn on their cameras rather than relying only on audio. If the past year has demonstrated anything, it is that people need to be more culturally aware and sensitive and also be able to work with people of diverse backgrounds. History classes are a great way for students to better understand what others have gone through and how that might impact interaction today. Additionally, history classes-as well as college in general-should provide students with the skills to help create the kind of changes in institutions and companies that need to be made to make them more inclusive. Perhaps the greatest skill college students have is the ability to learn. I never intended to teach online, yet here I am doing just that. It required learning new ways to approach teaching, reconsideration of the ways students learned in the new environment, and figuring out new online programs to make all this happen. I was forced to do this as a result of the pandemic but most students will find that this sort of adjustment-whether foreseen or not-will be a regular part of their career path. The ability to learn these new skills, to apply new methods and to approach issues in new and innovative ways will help them stand out when it comes to looking for a job.
What Market Risk Analyst skills would you recommend for someone trying to advance their career?
Dr. Glenn Whitehouse: -Learn workplace technology. Employers may not be used to hiring Philosophy graduates. You can go a long way toward reassuring them by mastering some of the common workplace applications that are required for many jobs. Start with the basics if you don't already know them: Word, PowerPoint, and especially Excel. Then move on to more specialized applications that may be important for a field you're interested in - this could be Google Analytics for marketing, design software like Canva or Adobe creative suite, or Tableau for data visualization. Many of these applications can be picked up through online platforms like LinkedIn Learning or Udemy. Often the base course is quite inexpensive, but there may be some charge for certification. It may be worth your while to get the certification for the applications that are most important to your career goals. More importantly, learn those applications like the philosopher you are. Anyone can learn what the buttons do on PowerPoint, but not everyone understands the principles of an effective presentation, what makes it different than a written report, how to analyze a problem into parts for discussion, and so forth. Apply your skills of reflective thought to the use of your new workplace skills, and you'll have a leg up over a lot of your peers.
-Invest time in career search skills. Many college graduates stop with writing a resume and going to the career fair, but that's only a small part of searching for a job. Approach your career search as a research project. Find out where other philosophy graduates from your institution are working - LinkedIn makes it easy to do this by searching the Alumni sections of college LinkedIn profiles. When you find an alum with a job that's of interest to you, reach out to that person and ask for an informational interview to find out more about that career. Networking may be more important than any other career search activity - use alumni networks, young professionals groups and the like to connect with people who can help you with information and contacts. Once you identify some career options you'd like to pursue, use LinkedIn or other job search sites to find out what key skills are listed either in job ads or in the profiles of people who have the job. If you're missing a key skill, you can work on filling in that gap.
-If your "gap year" is a gap before you intend to go on to graduate or professional school, consider taking a "real job" if that's an option. Too many students wait tables or tend bar in their gap year, just because those paths are familiar young person jobs. But if you can get into a corporate training program, paid internship, or entry-level professional role, do it. You'll give yourself a more informed choice between "real world" careers and graduate study, you might find you like and are good at the job, and if you do decide to go on to further study, you'll do so with a viable Plan B in your pocket.
What general advice would you give to a Market Risk Analyst?
Shalini Gopalkrishnan: Reskilling and upskilling rather than four year degrees. Already Google, Amazon, IBM, and other firms have removed the bachelor's degree requirement. Please be agile, keep an open mind, and learn new things. You will always be a student as the pace of change is rapid. Get into a growth mindset now.
Matthew Fisher SFSU, Hult, SMC
Business InstructorSan Francisco State University
Department of Marketing, Management, and Economics
What experience really stands out on Market Risk Analyst resumes?
Matthew Fisher SFSU, Hult, SMC: Experience in the industry that you are applying always stands out more. However, many firms would benefit greatly by hiring individuals with experience in other fields to inject fresh perspectives into the business. As a result, this is one of those areas that many firms ought to be doing something different than their normal business-as-usual practices.
Stephen A. Matthews Ph.D.
Liberal Arts Professor of Sociology, Anthropology, Demography and Geography Director, Graduate Program in Demography Faculty Director, Graduate Programs in Applied Demography Editor, Spatial Demography Associate Editor, Mathematical Population StudiesPennsylvania State University
Department of Socilogy na Criminology
What are the biggest trends we'll see in the Market Risk Analyst job market given the pandemic?
Stephen A. Matthews Ph.D.: I send job ads to our students every week, so I still see jobs. The majority of those I am sending out seem to be postdoctoral positions. Personally I welcome this as it provides a great opportunity for early-career scholars to build-up their experience and publication resume (hopefully) before fully committing to an academic career. At this time, it feels like I do not see as many academic jobs (i.e., assistant professor positions), but it would be misleading to say there are none. Indeed, I know of several institutions that are hiring and even conducting interviews over Zoom. I also believe that many universities are exploring ways to enhance their instruction and research around social inequities and race and ethnicity and themes such as racial health disparities but more broadly BLM.