How much does a Risk Analyst make?
A Risk Analyst evaluates and measures potential risks for businesses and organizations. They look for ways to reduce these risks and create plans to handle them. The average yearly salary for a Risk Analyst is about $97,039. This salary can change based on many factors, such as experience, industry, and location.
Here are the salary details for different levels of experience:
- Bottom 10% earn about $45,122 per year.
- Middle 50% earn between $59,793 and $103,805 per year.
- Top 10% earn about $162,488 or more per year.
What are the highest paying cities for a Risk Analyst?

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San Antonio, TX
Average Salary: $151,543
San Antonio offers a growing job market for risk professionals. The presence of many financial institutions provides diverse opportunities. Companies like Frost Bank and USAA offer stable careers in risk analysis.
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Washington, DC
Average Salary: $136,673
In Washington, DC, risk analysts work in a hub for government and finance. This city presents chances to impact policy and financial regulation. Notable employers include Freddie Mac and Capital One.
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San Francisco, CA
Average Salary: $132,500
San Francisco stands out for tech and finance industries. Risk analysts here benefit from a dynamic work environment. Tech giants like Salesforce and financial firms such as Charles Schwab provide exciting opportunities.
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Buffalo, NY
Average Salary: $124,100
Buffalo offers a mix of manufacturing and finance sectors. Here, risk analysts ensure the stability of local businesses. Companies such as KeyBank and M&T Bank seek skilled professionals.
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Charlotte, NC
Average Salary: $123,987
Charlotte is a financial center with many banking giants. Risk analysts play a key role in maintaining financial health. Banks like Bank of America and Truist offer robust career paths.
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San Jose, CA
Average Salary: $123,098
San Jose, part of Silicon Valley, offers a tech-driven job market for risk analysts. The presence of many tech firms offers unique challenges. Companies like Cisco Systems and PayPal provide innovative work.
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Phoenix, AZ
Average Salary: $114,383
Phoenix boasts a growing economy with opportunities in finance and tech. Risk analysts in this city enjoy a mix of traditional and modern sectors. Firms like State Farm and American Express offer dynamic roles.
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St. Louis, MO
Average Salary: $113,502
St. Louis offers a blend of finance and insurance sectors. Risk analysts here contribute to the stability of the region's businesses. Companies like Edward Jones and Ameren provide solid career opportunities.
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Dallas, TX
Average Salary: $112,498
Dallas offers a vibrant job market with a mix of finance and energy sectors. Risk analysts work to secure the stability of major companies. Firms like AT&T and JPMorgan Chase provide many job opportunities.
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Pittsburgh, PA
Average Salary: $111,056
Pittsburgh's economy focuses on healthcare and finance. Risk analysts here focus on ensuring the stability of local industries. Companies like Highmark and PNC Bank offer promising careers.
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What are the best companies a Risk Analyst can work for?

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Citi
Average Salary: $163,014
Citi offers Risk Analyst roles with competitive pay. They work in finance and banking, operating in major cities worldwide. These analysts assess risks and provide solutions to improve financial stability.
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Fannie Mae
Average Salary: $140,000
Fannie Mae is a top choice for Risk Analysts. They focus on mortgage-related risks. The company operates nationwide, offering diverse opportunities in risk management and analysis.
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USAA
Average Salary: $135,078
USAA provides Risk Analyst positions with strong benefits. They serve the military and their families. Analysts work in locations across the U.S., ensuring financial products are secure.
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Booz Allen Hamilton
Average Salary: $115,343
Booz Allen Hamilton offers roles for Risk Analysts who work on government contracts. They focus on risk assessment and management. The company operates in major U.S. cities.
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Navy Federal Credit Union
Average Salary: $114,110
Navy Federal Credit Union pays well for Risk Analysts. They serve military members and their families. This credit union operates across the U.S., providing financial security.
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U.S. Bank
Average Salary: $112,444
U.S. Bank offers Risk Analyst jobs with a strong salary. They work in banking and financial services. Analysts assess risks to ensure the bank’s stability and security.
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SoFi
Average Salary: $110,400
SoFi provides Risk Analyst positions with a good salary. They focus on lending and investment risks. The company operates nationwide, helping people achieve financial goals.
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Fidelity Investments
Average Salary: $101,377
Fidelity Investments offers roles for Risk Analysts who work in the investment industry. They assess financial risks to protect investments. The company operates in key financial hubs.
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Scribd
Average Salary: $97,250
Scribd offers Risk Analyst roles with a solid salary. They focus on risks in the digital content industry. The company operates globally, providing access to books and audiobooks.
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KeyBank
Average Salary: $93,583
KeyBank offers Risk Analyst positions with a good salary. They work in banking and financial services. Analysts assess risks to ensure the bank’s stability and security.
How to earn more as a Risk Analyst?
In the field of risk analysis, professionals can enhance their earnings through several strategic actions. Building specific skills and gaining relevant experience are key. Obtaining certifications in risk management, such as the Financial Risk Manager (FRM) or the Professional Risk Manager (PRM), adds value. Networking within the industry and seeking out mentorship opportunities also play a significant role. Actively looking for job opportunities in high-demand areas or industries can lead to higher compensation packages. Remaining adaptable and open to new technologies and methodologies can further boost earning potential.
Here are key factors to consider for increasing your earnings as a risk analyst:
- Advanced Certifications: Earning certifications like FRM or PRM can make you more valuable.
- Specialized Skills: Developing expertise in areas like data analysis or financial modeling can increase your earning potential.
- Networking: Building a strong professional network can open up higher-paying job opportunities.
- Experience: Gaining experience in high-demand industries or roles can lead to better compensation.
- Continuous Learning: Staying updated with the latest tools and methodologies keeps you competitive in the job market.



