Updated April 6, 2023

Risk Analyst Salary Estimate

$81,484

$39.17 hourly

Entry level Salary
$59,000 yearly

How much does a Risk Analyst make?

The average salary for a risk analyst in the United States is $81,484. Risk analyst salaries typically range between $59,000 and $112,000 a year. The average hourly rate for risk analysts is $39.17 per hour.

Location, education, and experience impacts how much a risk analyst can expect to make. Risk analysts make the most in Connecticut, New York, California, New Jersey, and Massachusetts.

Research Summary.
  • The average salary for a risk analyst is $81,484 in the US.
  • The average risk analyst salary ranges between $59,000 and $112,000 in the US.
  • Hourly rates for risk analysts in the US typically range between $28 and $53 an hour.
  • The average risk analyst salary is $98,891 in Connecticut, $95,835 in New York, and $94,126 in California. These are the three highest-paying states for risk analysts in the US.
  • The Citadel has the highest average salary for risk analysts.
  • Manufacturing is the highest-paying industry for risk analysts in the US.

Highest Paying States For Risk Analysts

Throughout the U.S., the average salary for a risk analyst is roughly $81,484 per year, which boils down to $39.17 per hour. Interestingly enough, risk analysts have the highest salaries in San Francisco, CA at about $103,398 per year. For those who are just starting out, the average entry-level salary in San Francisco, CA is $72,000. Additionally, risk analysts make more than the average salary in Stamford, CT, White Plains, NY, Jersey City, NJ, Boston, MA, and Wilmington, DE. On a more broad level, risk analyst salaries are highest in Connecticut, New York, California, New Jersey, Massachusetts, Delaware, and Pennsylvania. On the contrary, North Dakota, Mississippi, and Oklahoma offer the lowest risk analyst salaries.
  • State View
  • County View
Average Salary:

Risk Analyst average salary by State

RankStateAvg. SalaryHourly RateJob Count
1New York$95,835$46.072,745
2Connecticut$98,891$47.54447
3Delaware$88,884$42.73269
4Massachusetts$90,275$43.401,426
5New Jersey$92,352$44.401,068
6California$94,126$45.254,156
7Virginia$82,176$39.512,092
8Maryland$85,400$41.061,179
9Pennsylvania$88,356$42.481,243
10District of Columbia$85,557$41.13785
11Vermont$82,637$39.7391
12Rhode Island$78,526$37.75155
13Washington$79,362$38.15970
14Ohio$79,524$38.231,064
15New Hampshire$81,162$39.02163
16North Carolina$74,424$35.781,193
17Arizona$73,597$35.38760
18Nevada$75,934$36.51226
19Maine$75,900$36.49144
20West Virginia$79,318$38.1394
21Illinois$71,614$34.431,770
22Michigan$74,193$35.67786
23Alaska$72,701$34.9598
24Texas$69,411$33.372,569
25Oregon$71,329$34.29533
26Wisconsin$72,517$34.86491
27Hawaii$69,647$33.48138
28Georgia$65,991$31.731,179
29Utah$63,590$30.57395
30Indiana$64,863$31.18619
31Missouri$67,522$32.46588
32Wyoming$62,981$30.2870
33Iowa$64,729$31.12314
34Minnesota$62,946$30.26811
35Kentucky$64,003$30.77310
36Colorado$61,381$29.51883
37Alabama$62,146$29.88413
38Nebraska$60,674$29.17250
39Idaho$61,921$29.77168
40Tennessee$61,017$29.34539
41New Mexico$62,706$30.15168
42North Dakota$57,520$27.65113
43South Carolina$61,948$29.78329
44Arkansas$60,355$29.02237
45Florida$57,225$27.511,773
46Montana$57,045$27.43120
47South Dakota$57,027$27.4297
48Kansas$57,738$27.76274
49Louisiana$58,434$28.09201
50Mississippi$57,485$27.64158
51Oklahoma$57,423$27.61206

Highest Paying Cities For Risk Analysts

RankCityAvg. SalaryHourly RateJob Count
1San Francisco, CA$103,398$49.719
2Stamford, CT$98,819$47.51
3White Plains, NY$96,065$46.192
4Jersey City, NJ$92,552$44.505
5Boston, MA$90,340$43.4312
6Wilmington, DE$89,005$42.793
7Philadelphia, PA$88,778$42.687
8Baltimore, MD$85,641$41.172
9Washington, DC$85,557$41.1316
10Arlington, VA$83,556$40.174
11Cleveland, OH$82,989$39.906
12Seattle, WA$80,563$38.735
13Raleigh, NC$76,890$36.973
14Las Vegas, NV$75,271$36.192
15Phoenix, AZ$73,724$35.443

Here Are The Five Most In Demand Cities Right Now:

  1. San Francisco, CA
  2. Stamford, CT
  3. White Plains, NY
  4. Jersey City, NJ
  5. Boston, MA

Risk Analysts Salary Details

Average Risk Analyst Salary Graph
Average Risk Analyst Salary Graph, Trends, and Summary

What is a Risk Analyst's Salary?

PercentileAnnual SalaryMonthly SalaryHourly Rate
90th Percentile$112,000$9,333$54
75th Percentile$96,000$8,000$46
Average$81,484$6,790$39
25th Percentile$68,000$5,667$33
10th Percentile$59,000$4,917$28

Highest Paying Types of Risk Analysts

Job TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
Analyst Internship$38,569$3,214$18.54103,723
Corporate Finance Analyst$76,023$6,335$36.55114,375
Business & Finance Analyst$70,514$5,876$33.90168,111
Contract Analyst$54,544$4,545$26.2258,593
Risk Manager$116,072$9,673$55.8075,795
Investment Analyst$79,056$6,588$38.0163,003

Here are the five companies hiring the most now:

  1. PayPal Jobs (236)
  2. eBay Jobs (70)
  3. Citi Jobs (190)
  4. AIG Jobs (91)
  5. BNY Mellon Jobs (69)

Which Companies Pay Risk Analysts The Most?

According to our most recent salary estimates, The Citadel and Meta are the highest paying companies for risk analysts.
RankCompanyAverage SalaryHourly RateJob Openings
1The Citadel$144,823$69.632
2Meta$118,292$56.87
3PayPal$117,183$56.3413
4Wedbush Securities$114,917$55.25
5Loomis Sayles$114,778$55.182
6Bloomberg$114,145$54.8825
7Heritage Financial Group$114,016$54.82
8Invesco$112,673$54.1710
9Neuberger Berman$112,142$53.9111
10Pine River Capital Management$112,027$53.86
11Interactive Brokers$111,527$53.624
12Putnam Investments$111,373$53.54
13Icma-rc$111,131$53.4311
14Bunge$110,699$53.223
15AQR Capital Management$109,569$52.68
16Pacific Gas and Electric$109,142$52.47
17Google$108,715$52.278
18eBay$106,727$51.3115
19Pacific Investment Management Company LLC$106,629$51.264
20Didi Chuxing$106,625$51.26

Risk Analyst Pay Trends

Average Risk Analyst Salary Over Time

Compare salaries for individual cities or states with the national average.

    Risk Analyst Salary By Year

    YearAvg. SalaryHourly Rate% Change
    2023$81,500$39.17+2.6%
    2022$79,400$38.17+1.6%
    2021$78,100$37.55+1.6%
    2020$76,900$36.95+3.0%
    2019$74,500$35.84+1.8%

    Recently Added Risk Analyst Salaries

    CompanyJobLocationDate AddedSalary
    Allied UniversalSecurity Risk AnalystAtlanta, GA05/04/2023$45,914
    CobankAssociate Quantitative Risk AnalystGreenwood Village, CO05/04/2023$80,000
    Portland General ElectricPrincipal Risk AnalystTualatin, OR05/02/2023$101,925
    Impact Recruiting, LLCFinancial Risk AnalystPortland, OR05/02/2023$90,000
    SplunkThird Party Risk Vendor Analyst (US Remote Available)Boulder, CO05/01/2023$84,273
    SplunkThird Party Risk Vendor Analyst (US Remote Available)Tysons Corner, VA05/01/2023$84,273
    SplunkThird Party Risk Vendor Analyst (US Remote Available)Plano, TX05/01/2023$84,273
    SplunkThird Party Risk Vendor Analyst (US Remote Available)San Jose, CA05/01/2023$84,273
    GoodleapPartner Risk AnalystRoseville, CA04/30/2023$58,000
    Chime Capital, LLCSecurity Risk Governance AnalystSan Francisco, CA04/30/2023$106,300

    Risk Analyst Salaries FAQs

    What State Pays Risk Analysts The Most?

    Connecticut pays Risk Analysts the most in the United States, with an average salary of $98,891 per year, or $47.54 per hour.

    How Do I Know If I'm Being Paid Fairly As A Risk Analyst?

    You know if you are being paid fairly as a Risk Analyst if your pay is close to the average pay for the state you live in. For example, if you live in New York you should be paid close to $95,835 per year.

    How Much Do Insurance Risk Analysts Make?

    Insurance risk analysts make around $70,000 a year. The average salary range that insurance risk analysts earn is between $49,000 and over $100,000 in a year.

    However, many factors influence an insurance risk analyst's salary. This includes location, experience, and company. In addition to salary, insurance risk analysts have the opportunity to earn income from bonuses and profit-sharing opportunities.

    How Much Does An Entry-level Risk Analyst Make?

    Entry-level risk analysts make around $69,000 a year. The average salary range for all risk analysts is between $49,000 and over $100,000 in a year.

    The national average annual salary for a risk analyst across all industries is $73,000 per year. However, a risk analyst with less than one year of experience makes $69,000 per year, while one with four to six years of experience makes an average of over $87,000 per year.

    Is Being A Risk Analyst A Good Job?

    Yes, being a risk analyst is a good job. This role has significant room for growth, pays fairly well, and is an in-demand job position.

    A risk analyst helps companies minimize the liabilities involved with business decisions by analyzing economic conditions and financial documents and providing advice. They help companies they work for stay financially healthy.

    What Is The Salary Of A Risk Analyst?

    A risk analyst's salary is around $70,000 a year. The average salary range that insurance risk analysts earn is between $49,000 and over $100,000 in a year.

    However, many factors influence a risk analyst's salary. This includes location, experience, and company. In addition to salary, insurance risk analysts have the opportunity to earn income from bonuses and profit-sharing opportunities.

    Search For Risk Analyst Jobs