How much does a Risk Analyst make?
A Risk Analyst plays a key role in identifying and managing risks for businesses. This job is important for keeping companies safe and making smart decisions. The average yearly salary for a Risk Analyst is around $99,374. This means that most Risk Analysts earn between $50,000 and $105,000 each year.
The salary of a Risk Analyst can vary based on experience and location. Those with more experience and working in big cities often earn more. Here is a look at the salary distribution:
- 10% earn less than $50,000
- 23% earn between $50,000 and $63,747
- 44% earn between $63,747 and $91,240
- 30% earn between $91,240 and $104,987
- 10% earn more than $104,987
What are the highest paying cities for a Risk Analyst?
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San Antonio, TX
Average Salary: $150,477
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: $120,943
San Jose, home to tech giants, offers exciting roles for risk professionals. The tech industry's fast pace requires sharp analytical skills. Companies like PayPal and Cisco Systems look for skilled analysts.
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Charlotte, NC
Average Salary: $120,900
Charlotte is a hub for financial services, making it ideal for risk analysts. The city's banking sector is strong, with firms like Bank of America and Wells Fargo needing expert analysts.
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Phoenix, AZ
Average Salary: $118,811
Phoenix offers a growing market for risk analysts. The city's diverse industries need skilled professionals. Companies like American Express and Freeport-McMoRan look for top talent.
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St. Louis, MO
Average Salary: $116,100
St. Louis provides a balanced environment for risk analysts. The city's mix of industries offers varied opportunities. Companies like Edward Jones and Centene Corporation value strong risk management skills.
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Washington, DC
Average Salary: $113,080
Washington, DC, offers a unique blend of government and private sectors. Risk analysts here work on critical projects. Agencies like the Department of Defense and firms like Deloitte seek skilled professionals.
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San Francisco, CA
Average Salary: $112,026
San Francisco's tech-driven economy offers exciting roles for risk analysts. The city's innovative companies need strong risk management. Firms like Google and Salesforce look for top talent.
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Buffalo, NY
Average Salary: $109,840
Buffalo provides a stable environment for risk analysts. The city's industries value strong analytical skills. Companies like M&T Bank and Tops Markets look for experienced professionals.
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Boston, MA
Average Salary: $108,879
Boston offers a rich environment for risk analysts. The city's blend of finance and healthcare sectors provides many opportunities. Companies like State Street and Mass General Brigham value skilled analysts.
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Tampa, FL
Average Salary: $108,327
Tampa offers a growing market for risk analysts. The city's diverse industries need strong risk management. Companies like Raymond James and TECO Energy look for experienced professionals.
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What are the best companies a Risk Analyst can work for?
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Synchrony
Average Salary: $151,250
Synchrony offers Risk Analyst positions with a focus on managing financial risks. They operate in various locations, including New York, Salt Lake City, and Jacksonville. Their team works on assessing and mitigating risks to ensure financial stability.
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USAA
Average Salary: $142,714
USAA provides Risk Analyst jobs with a strong emphasis on financial services. They have offices in San Antonio, Charlotte, and Dallas. The role involves analyzing data to identify potential risks and developing strategies to manage them.
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Citi
Average Salary: $141,124
Citi offers Risk Analyst positions with a global reach. They operate in major cities like New York, London, and Hong Kong. Citi's Risk Analysts focus on evaluating market risks and ensuring compliance with regulations.
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Mastercard
Average Salary: $130,591
Mastercard provides Risk Analyst roles with a focus on payment technology. They have offices in Purchase, New York, and O'Fallon, Missouri. Mastercard's Risk Analysts work on assessing risks related to digital payments and fraud prevention.
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PayPal
Average Salary: $122,032
PayPal offers Risk Analyst positions with a focus on online transactions. They operate in San Jose, California, and other locations. The role involves analyzing data to identify and mitigate risks associated with digital payments.
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Fannie Mae
Average Salary: $117,462
Fannie Mae provides Risk Analyst jobs with a focus on mortgage risks. They operate in Washington, D.C., and other locations. The role involves assessing risks related to mortgage lending and ensuring compliance with regulations.
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Fidelity Investments
Average Salary: $115,546
Fidelity Investments offers Risk Analyst positions with a focus on investment risks. They operate in Boston, Massachusetts, and other locations. The role involves analyzing data to identify and mitigate risks associated with investment portfolios.
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U.S. Bank
Average Salary: $115,467
U.S. Bank provides Risk Analyst roles with a focus on banking risks. They operate in Minneapolis, Minnesota, and other locations. The role involves assessing risks related to banking operations and ensuring compliance with regulations.
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M&T Bank
Average Salary: $114,806
M&T Bank offers Risk Analyst positions with a focus on banking risks. They operate in Buffalo, New York, and other locations. The role involves analyzing data to identify and mitigate risks associated with banking operations.
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Booz Allen Hamilton
Average Salary: $113,015
Booz Allen Hamilton provides Risk Analyst jobs with a focus on consulting services. They operate in McLean, Virginia, and other locations. The role involves assessing risks for various industries and developing strategies to manage them.
How to earn more as a Risk Analyst?
A Risk Analyst can increase their earnings by focusing on several key areas. Gaining more experience and expertise in risk management can lead to higher-paying positions. Specializing in areas like financial risk, operational risk, or cybersecurity can make a Risk Analyst more valuable. Networking with other professionals in the field can open up opportunities for higher-paying jobs and promotions.
Certifications can also boost a Risk Analyst's earnings. Earning credentials such as the Financial Risk Manager (FRM) or the Certified Risk Manager (CRM) can demonstrate a higher level of competence. These certifications can lead to better job opportunities and higher salaries. Continuing education and staying updated with the latest trends and technologies in risk management can also enhance a Risk Analyst's career prospects.
Here are five factors that can help a Risk Analyst earn more:
- Gain more experience and expertise in risk management.
- Specialize in areas like financial risk, operational risk, or cybersecurity.
- Network with other professionals in the field.
- Earn certifications such as FRM or CRM.
- Continue education and stay updated with the latest trends.
