How much does a Risk Analyst make?
A Risk Analyst often earns a competitive salary that reflects the importance of their work. With an average yearly salary of about $100,219, many find this role quite rewarding. The income can vary based on experience, industry, and location. Entry-level analysts might start around $48,398, while those with more experience can earn up to $206,500 annually.
Here are some salary ranges for Risk Analysts:
- 20% earn between $48,398 and $77,144
- 40% earn between $77,144 and $105,890
- 60% earn between $105,890 and $149,008
- 80% earn between $149,008 and $192,127
- 90% earn up to $206,500
What are the highest paying cities for a Risk Analyst?
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San Antonio, TX
Average Salary: $151,908
In San Antonio, you will find a growing financial sector with many opportunities. Companies like Frost Bank and USAA seek skilled analysts to manage risks. The work can be dynamic, offering solid career growth.
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San Francisco, CA
Average Salary: $122,372
San Francisco offers a tech-driven environment with major players like Google and PayPal needing risk professionals. The city's fast pace and innovation provide exciting challenges. Working here can lead to significant career advancements.
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Buffalo, NY
Average Salary: $121,612
Buffalo's insurance industry makes it a good place for risk analysts. Major companies such as Aetna offer stable careers. The city values professionals who can help manage financial risks and uncertainties.
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San Jose, CA
Average Salary: $121,466
San Jose is home to tech giants like PayPal and Adobe, where risk analysts play a crucial role. The tech-focused environment is vibrant and always evolving. Working here offers exciting opportunities and challenges.
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Charlotte, NC
Average Salary: $121,388
Charlotte is a financial hub with companies like Bank of America hiring analysts. The banking sector is strong here, offering stable and rewarding career paths. Analysts here help manage financial risks for large institutions.
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Washington, DC
Average Salary: $119,011
Washington, DC, offers a unique blend of government and private sector opportunities. Companies like JPMorgan Chase value risk professionals. The political and financial environment provides diverse challenges and growth opportunities.
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St. Louis, MO
Average Salary: $116,100
St. Louis has a mix of finance and manufacturing, with companies like Edward Jones needing risk analysts. The cost of living is lower, making it a great place to start or advance a career. The city offers a stable work environment with growth potential.
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Seattle, WA
Average Salary: $114,087
Seattle is a tech-heavy city with companies like Amazon and Microsoft seeking risk analysts. The tech industry's fast pace offers exciting challenges. Living here means being at the center of innovation and technology.
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Phoenix, AZ
Average Salary: $113,906
Phoenix offers a growing economy with companies like American Express hiring risk professionals. The city's warm climate and lower cost of living make it attractive. The financial sector here is expanding, providing many opportunities.
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Boston, MA
Average Salary: $108,713
Boston has a strong financial sector with companies like Fidelity and State Street Corporation. Working here means being part of a historic and influential industry. The city offers a mix of tradition and innovation, providing a rich work environment.
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What are the best companies a Risk Analyst can work for?
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Synchrony
Average Salary: $200,000
Synchrony is a leader in financial services. They offer Risk Analyst positions across multiple locations, including New York, Atlanta, and Chicago. Professionals work on risk assessment and management for financial services.
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USAA
Average Salary: $146,700
USAA provides financial services to military members and their families. They have Risk Analyst roles in San Antonio, TX, and other locations. Employees focus on analyzing risks to maintain financial security for clients.
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Citi
Average Salary: $139,672
Citi is a global bank with Risk Analyst jobs in New York, London, and Singapore. Professionals here manage financial risks for a wide range of clients. They play a crucial role in safeguarding the bank's assets.
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Mastercard
Average Salary: $126,542
Mastercard operates in the payments technology industry. Risk Analyst positions are available in Purchase, NY, and other locations. Employees assess and mitigate risks in payment processing to ensure smooth transactions.
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Fannie Mae
Average Salary: $123,125
Fannie Mae supports the mortgage market. They offer Risk Analyst roles in Washington, DC, and other areas. Professionals here evaluate risks to ensure the stability of the housing finance system.
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M&T Bank
Average Salary: $122,107
M&T Bank provides banking services across the Northeast. Risk Analyst jobs are available in Buffalo, NY, and nearby areas. Employees focus on identifying and managing risks to maintain the bank's financial health.
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PayPal
Average Salary: $122,032
PayPal is a leading online payments company. Risk Analyst roles are available in San Jose, CA, and other locations. Professionals here analyze risks related to online transactions to ensure security and reliability.
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Booz Allen Hamilton
Average Salary: $117,416
Booz Allen Hamilton is a global consultancy firm. They offer Risk Analyst positions in McLean, VA, and other locations. Employees work on assessing and mitigating risks for government and commercial clients.
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U.S. Bank
Average Salary: $116,159
U.S. Bank is a major financial institution with Risk Analyst jobs in Minneapolis, MN, and other locations. Professionals here manage risks associated with banking operations to ensure stability and compliance.
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Fidelity Investments
Average Salary: $115,724
Fidelity Investments offers investment services. They have Risk Analyst positions in Boston, MA, and other areas. Employees assess investment risks to protect clients' assets and ensure sound financial decisions.
How to earn more as a Risk Analyst?
In the role of a Risk Analyst, there are effective strategies to enhance earning potential. Understanding these factors can make a significant difference. A Risk Analyst evaluates and helps manage risks in various sectors. Increasing expertise, gaining certifications, and focusing on specific industries can lead to higher pay.
Here are five key factors to consider:
- Expand your expertise: Learn more about risk management in different industries. This could include finance, healthcare, or technology. Specializing can make you more valuable.
- Obtain certifications: Certifications such as the Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) can boost your resume. They show your dedication to the field.
- Gain experience: Work on more complex projects. Experience with major companies or large-scale risk assessments will improve your skills and marketability.
- Network effectively: Connect with other professionals in your field. Networking can lead to job opportunities and salary advancements.
- Stay updated: Keep up with the latest trends and tools in risk analysis. Continuous learning can help you stay competitive in the job market.
