How much does a Risk Analyst make?
A Risk Analyst plays a key role in helping companies manage potential risks. This job involves looking at data and making predictions about future events. The average yearly salary for a Risk Analyst is around $101,008. This means that most Risk Analysts earn somewhere in this range.
The salary of a Risk Analyst can vary based on experience and location. Those with more experience often earn higher salaries. Some Risk Analysts also earn more in certain cities or regions. For example, those working in big financial hubs like New York or London may earn more. The salary can also be higher for those with special skills or certifications.
What are the highest paying cities for a Risk Analyst?

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San Antonio, TX
Average Salary: $151,198
In San Antonio, professionals assess risks for businesses and financial institutions. The city's diverse economy offers many opportunities. Companies like Frost Bank and USAA value strong risk management.
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San Jose, CA
Average Salary: $123,553
San Jose is a tech hub where risk professionals help companies navigate market changes. The presence of tech giants like Intel and Cisco makes it a dynamic place to work. Risk management skills are highly valued.
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Charlotte, NC
Average Salary: $119,527
Charlotte is known for its financial sector. Risk analysts here focus on banking and insurance. Companies like Bank of America and Wells Fargo offer many job opportunities. The city values strong analytical skills.
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Phoenix, AZ
Average Salary: $118,811
Phoenix offers a growing job market for risk professionals. Companies in finance and healthcare need skilled analysts. The city's warm climate and lower cost of living make it attractive. Risk management is key to business success.
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St. Louis, MO
Average Salary: $114,547
St. Louis has a strong manufacturing base. Risk analysts here work with companies in this sector. The city offers a balanced lifestyle with a lower cost of living. Skills in risk assessment are highly valued.
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Washington, DC
Average Salary: $112,078
In Washington, DC, risk professionals work in government and finance. The city offers many opportunities in risk management. Companies like Fannie Mae and Freddie Mac value strong analytical skills. The political environment adds unique challenges.
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Boston, MA
Average Salary: $112,031
Boston is a center for education and finance. Risk analysts here work with top firms. The city's rich history and vibrant culture make it an exciting place to work. Companies like State Street and Fidelity value strong risk management skills.
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Seattle, WA
Average Salary: $109,004
Seattle offers a tech-driven job market for risk professionals. Companies like Amazon and Microsoft need skilled analysts. The city's mild climate and outdoor activities make it a great place to live. Risk management is key to tech success.
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Buffalo, NY
Average Salary: $108,508
Buffalo has a diverse economy with opportunities for risk analysts. The city offers a lower cost of living. Companies in manufacturing and healthcare need strong risk management. Buffalo's rich culture adds to the work experience.
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San Francisco, CA
Average Salary: $108,487
San Francisco is a tech powerhouse. Risk analysts here work with companies like Google and Salesforce. The city offers a dynamic job market. Strong skills in risk assessment are highly valued. The tech environment offers unique challenges.
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What are the best companies a Risk Analyst can work for?

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USAA
Average Salary: $154,440
USAA offers Risk Analyst positions with a focus on financial services. They work in various locations, including Texas, California, and Florida. USAA values teamwork and innovation.
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Synchrony
Average Salary: $136,875
Synchrony provides Risk Analyst roles with a focus on consumer finance. They operate in Georgia, North Carolina, and Arizona. Synchrony emphasizes a collaborative work environment.
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Citi
Average Salary: $135,730
Citi offers Risk Analyst jobs with a global presence. They work in New York, London, and Singapore. Citi values analytical skills and a proactive approach.
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Freddie Mac
Average Salary: $131,091
Freddie Mac provides Risk Analyst positions with a focus on mortgage-related risks. They operate in Virginia, Maryland, and California. Freddie Mac emphasizes a results-driven culture.
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Mastercard
Average Salary: $130,542
Mastercard offers Risk Analyst roles with a focus on financial technology. They work in New York, Illinois, and California. Mastercard values innovation and strategic thinking.
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PayPal
Average Salary: $128,912
PayPal provides Risk Analyst positions with a focus on financial services. They operate in California, Massachusetts, and Nevada. PayPal emphasizes a customer-centric approach.
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Fannie Mae
Average Salary: $123,182
Fannie Mae offers Risk Analyst jobs with a focus on mortgage-related risks. They operate in Virginia, Maryland, and California. Fannie Mae values analytical skills and teamwork.
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M&T Bank
Average Salary: $119,739
M&T Bank provides Risk Analyst roles with a focus on banking and financial services. They work in New York, Pennsylvania, and Maryland. M&T Bank values a strong work ethic and customer service.
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Fidelity Investments
Average Salary: $115,198
Fidelity Investments offers Risk Analyst positions with a focus on investment services. They work in Massachusetts, Rhode Island, and California. Fidelity Investments values integrity and innovation.
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EY
Average Salary: $115,138
EY provides Risk Analyst roles with a focus on consulting and auditing. They operate in multiple locations worldwide. EY values analytical skills and a proactive approach.
How to earn more as a Risk Analyst?
A Risk Analyst can increase their earnings by focusing on several key areas. Gaining experience and expertise in specific industries can lead to higher-paying positions. For example, working in finance or healthcare often comes with higher salaries. Continuing education and obtaining relevant certifications can also boost earning potential. Certifications like the Financial Risk Manager (FRM) or the Chartered Financial Analyst (CFA) are highly valued in the industry.
Networking and building professional relationships can open doors to better job opportunities. Attending industry conferences and joining professional organizations can connect a Risk Analyst with potential employers and peers. Effective communication skills and the ability to present complex information clearly can set a Risk Analyst apart. This skill can lead to promotions and higher salaries. Lastly, taking on leadership roles or responsibilities can also increase earning potential. Managing a team or leading a project can demonstrate value and lead to higher compensation.
Here are some factors to consider for earning more as a Risk Analyst:
- Gain industry-specific experience
- Obtain relevant certifications
- Build a strong professional network
- Develop strong communication skills
- Take on leadership roles