Updated February 9, 2022
Average Risk Analyst Salary
$81,000 yearly
To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More
$39.27 hourly

Entry level Salary
$58,000 yearly
$58,000
10 %
$81,000
Median
$114,000
90 %
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What is a Risk Analyst's Salary?

PercentileAnnual SalaryMonthly SalaryHourly Rate
90th Percentile$114,000$9,500$55
75th Percentile$97,000$8,083$47
Average$81,672$6,806$39
25th Percentile$68,000$5,667$33
10th Percentile$58,000$4,833$28

Average Risk Analyst Salary By State

The darker areas on the map show where risk analysts earn the highest salaries across all 50 states.

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Average Salary:

Risk Analyst average salary by State

StateAvg. SalaryHourly RateJob Count
Alabama$68,813$33.08413
Alaska$82,037$39.4498
Arizona$74,501$35.82760
Arkansas$69,409$33.37237
California$91,886$44.184,156
Colorado$64,550$31.03883
Connecticut$93,347$44.88447
Delaware$83,885$40.33269
District of Columbia$84,919$40.83785
Florida$68,149$32.761,773
Georgia$71,716$34.481,179
Hawaii$69,593$33.46138
Idaho$71,194$34.23168
Illinois$73,386$35.281,770
Indiana$72,656$34.93619
Iowa$68,399$32.88314
Kansas$60,982$29.32274
Kentucky$71,130$34.20310
Louisiana$66,418$31.93201
Maine$67,885$32.64144
Maryland$83,513$40.151,179
Massachusetts$84,025$40.401,426
Michigan$73,174$35.18786
Minnesota$69,110$33.23811
Mississippi$71,801$34.52158
Missouri$71,194$34.23588
Montana$66,036$31.75120
Nebraska$70,309$33.80250
Nevada$71,309$34.28226
New Hampshire$78,301$37.64163
New Jersey$87,658$42.141,068
New Mexico$67,280$32.35168
New York$90,807$43.662,745
North Carolina$71,244$34.251,193
North Dakota$70,870$34.07113
Ohio$76,324$36.691,064
Oklahoma$61,510$29.57206
Oregon$81,594$39.23533
Pennsylvania$84,039$40.401,243
Rhode Island$86,282$41.48155
South Carolina$65,721$31.60329
South Dakota$70,735$34.0197
Tennessee$67,885$32.64539
Texas$75,933$36.512,569
Utah$63,665$30.61395
Vermont$71,037$34.1591
Virginia$76,962$37.002,092
Washington$84,983$40.86970
West Virginia$75,668$36.3894
Wisconsin$75,245$36.18491
Wyoming$60,579$29.1270

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Highest Paying Cities For Risk Analyst

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CityAvg. SalaryHourly Rate
San Francisco, CA$96,722$46.50
Stamford, CT$93,610$45.00
New York, NY$91,109$43.80
Jersey City, NJ$87,804$42.21
Seattle, WA$85,990$41.34
Washington, DC$84,906$40.82

How much does a Risk Analyst make?

  • The average Risk Analyst makes $81,672 in the United States.
  • The average hourly pay for a Risk Analyst is $39.27.
  • The average entry-level Risk Analyst salary is $58,000.
  • Highest paying states for Risk Analyst are Connecticut ($93,347), California ($91,886), New York ($93,347) and New Jersey ($93,347).
  • Highest paying cities for Risk Analyst are New York, NY ($96,722), Stamford, CT, New York, NY, Jersey City, NJ and Seattle, WA.
  • Risk Analysts on the lower end of that spectrum, the bottom 10% to be exact, make roughly $58,000 a year, while the top 10% makes $114,000.
  • The best-paid 25% made $97,000 that year, while the lowest-paid 25$ made $68,000
  • Industries with the highest Risk Analyst salaries are Insurance, Professional and Finance.

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
    2022$81,700$39.27+2.6%
    2021$79,600$38.26+1.6%
    2020$78,300$37.63+1.6%
    2019$77,000$37.04+3.0%
    2018$74,700$35.92+1.8%

    Average JOB Salary by Field

    Risk Analyst Salary
    An Investment Analyst provides research and information to help traders, fund managers and stock brokers make decisions about investments. They are hired by companies, investment trusts, stock trading and brokerage firms, and insurance providers.
    Analyst Internship

    Avg. salary: $62,894

    An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement. They conduct research and analysis to support business operations and resolve issues using systems and data. They also help estimate the costs and benefits of multiple business actions and help the business organization launch new initiatives.
    Corporate Finance Analyst

    Avg. salary: $79,699

    Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
    Business & Finance Analyst

    Avg. salary: $75,509

    A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
    Contract Analyst

    Avg. salary: $54,127

    A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
    Risk Manager

    Avg. salary: $119,145

    A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
    Investment Analyst

    Avg. salary: $86,375

    An Investment Analyst provides research and information to help traders, fund managers and stock brokers make decisions about investments. They are hired by companies, investment trusts, stock trading and brokerage firms, and insurance providers.

    Average Salary By Related Field

    Job TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
    Analyst Internship$62,894$5,241$30.24123,903
    Corporate Finance Analyst$79,700$6,642$38.32122,391
    Business & Finance Analyst$75,509$6,292$36.30163,032
    Contract Analyst$54,128$4,511$26.0255,496
    Risk Manager$119,146$9,929$57.2874,131
    Investment Analyst$86,375$7,198$41.5365,773
    Job Openings

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    Risk Analyst Jobs You Might Like

    And if you're looking for a job, here are the five top employers hiring now:

    1. Meta Jobs (32)
    2. Uber Technologies Jobs (48)
    3. eBay Jobs (60)
    4. PayPal Jobs (254)
    5. Fidelity Investments Jobs (42)

    Risk Analyst Salaries By Years Of Experience

    The salary for a Risk Analyst can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

    Risk Analyst Salary By Experience Level

    Experience LevelAvg. SalaryHourly Rate
    Entry Level$46,500$22.37
    Mid Level$65,200$31.34
    Senior Level$112,000$53.78

    Which Companies Pay Risk Analysts The Most?

    To earn a high income as a Risk Analyst, working for Cleary Gottlieb Steen & Hamilton or Facebook might be your best bet, as they are the highest paying companies in this field. In addition, companies like McKinsey & Company and Sempra Energy report highly competitive wages for Risk Analysts.

    And if you're looking for a job, here are the five top employers hiring now:

    1. Meta Jobs (32)
    2. Uber Technologies Jobs (48)
    3. eBay Jobs (60)
    4. PayPal Jobs (254)
    5. Fidelity Investments Jobs (42)

    How much should you get paid?

    Tell us about yourself to get a free, personalized Zippia Salary Report and suggestions on how to increase your pay.

    Recently Added Risk Analyst Salaries

    CompanyJobLocationDate AddedSalary
    GsrRisk Quant Analyst (Market & Credit Risk), AssociateNew York, NY01/30/2022$185,000
    NES AssociatesProblem/Risk AnalystWashington, DC01/29/2022$72,000
    NES AssociatesProblem/Risk AnalystIone, OR01/29/2022$72,000
    Chime BankSecurity Risk Governance AnalystSan Francisco, CA01/29/2022$107,000
    ChimeSecurity Risk Governance AnalystSan Francisco, CA01/29/2022$107,000
    CignaRisk & Underwriting Lead Analyst-Express ScriptsPhoenix, AZ01/29/2022$66,200
    ChimeSecurity Risk Governance AnalystChicago, IL01/29/2022$107,000
    JobgetAssociate Risk Analyst II, CSGWood River, IL01/28/2022$76,798
    JobgetAssociate Risk Analyst II, CSGSaint Louis, MO01/28/2022$76,798
    University of Wisconsin MadisonCybersecurity Risk Analyst-PCIMadison, WI01/27/2022$90,000

    Average Risk Analyst Salary by Demographic

    Risk Analyst Gender Pay Gap

    male-income
    Male Income
    $80,126
    female-income
    Female Income
    $75,401
    GenderIncome
    Male$80,126
    Female$75,401
    Median Risk Analyst Income by Race
    Asian Risk Analysts have the highest average salary compared to other ethnicities. Hispanic or Latino Risk Analysts have the lowest average salary at $74,920.
    $85,000
    $68,000
    $51,000
    $34,000
    $17,000
    $0
    White
    Black or African American
    Asian
    Hispanic or Latino

    Risk Analyst Income by Race

    EthnicitySalary
    White$78,122
    Black or African American$74,950
    Asian$84,649
    Hispanic or Latino$74,920
    Average Risk Analyst Salary by Education Level
    $105,000
    $84,000
    $63,000
    $42,000
    $21,000
    $0
    Master's Degree
    Bachelor's Degree
    Doctorate Degree

    Risk Analyst Salary by Education Level

    EducationSalary
    Master's Degree$93,503
    Bachelor's Degree$80,126
    Doctorate Degree$103,228

    Risk Analyst Salaries FAQs

    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.

    The national average annual salary for an insurance risk analyst across all industries is $73,000 per year. However, an insurance 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.

    Location also influences what insurance risk analysts make. The cities where a person in this role can make the most include San Francisco, CA, Santa Clara, CA, and Washington, D.C.

    Finally, larger companies tend to pay their insurance risk analysts more. Risk insurance analysts working at companies like Wells Fargo, CBI, and Marsh have more opportunities to command higher incomes than those who work in small insurance, banking, and healthcare companies.

    Learn more about this question

    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.

    However, many other factors influence an entry-level risk analyst's salary. This includes location, industry, and company. In addition to salary, insurance entry-level risk analysts also can earn income from bonuses and profit-sharing opportunities.

    Location influences what entry-level risk analysts make. The cities where a person in this role can make the most include San Francisco, CA, Santa Clara, CA, and Washington D.C. Industry also influences salary levels, with risk analysts who work in insurance, banking, and healthcare making more than those in other industries.

    Finally, larger companies tend to pay their entry-level risk analysts more. Risk analysts working at companies like Wells Fargo, CBI, and Marsh have more opportunities to command higher incomes than those who work in small insurance, banking, and healthcare companies.

    Learn more about this question

    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.

    Being a risk analyst is a good job option for people looking to work for a bank or insurance company and are skilled in problem-solving and analysis.

    Risk analysts who work for a bank or an insurance company analyze prospective clients' applications. They typically work directly with clients to evaluate their credit, method of payment, or job history and may communicate through credit officers.

    Another reason that buying a risk analyst is a good job is that there are many markets they can work in. While it is most common for risk analysts to work in banks or insurance companies, they can also work for businesses, accounting companies, or investment firms.

    In these companies, a risk analyst will identify investment trends and recommend strategies. Some investment methods they research include hedge funds or asset allocation. They may analyze portfolios and calculate potential losses, after which they recommend measures such as currency exchange or diversification to limit risk.

    Learn more about this question

    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.

    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.

    Location is one factor that influences what risk analysts make. The cities where a person in this role can make the most include San Francisco, CA, Santa Clara, CA, and Washington D.C. Industry also influences salary levels, with risk analysts who work in insurance, banking, and healthcare making more than those in other industries.

    Finally, larger companies tend to pay their risk analysts more. Risk analysts who work at companies like Wells Fargo, CBI, and Marsh have more opportunities to command higher incomes than those who work in small insurance, banking, and healthcare companies.

    Learn more about this question

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