Depending on your experience and level, the average salary for risk analyst ranges from $82,764 to $118,756. You don’t have to worry about it though because with advanced-level training in financial analysis , you’ll be making more than what most people make with their master’s degree in finance.
The average salary for a risk analyst is $73,000.
Average salary for risk analyst
The average salary for a risk analyst was $77k in 2006, $84k in 2008, $83k in 2009 and $91k in 2011. This is a relatively stable job with a lot of variation. Basically, if you just want to work as a risk analyst, you can get employed depending on where you are located. The highest earners are located in New York ($108k). You can see there is no real trend from 2006-11.
This information is relevant because it shows the average salary of a risk analyst, which can help to determine the demand of risk analysts. Having this information would help companies decide if there is a need for risk analysts in order to increase profits.
The median salary for a risk analyst is $56,000 per year. Risk analysts with five or more years of experience earn an average annual salary of $59,000. Individuals who work in the education industry report an average annual salary of $55,000.
Risk analysts on average made 35,674 USD annually. The lowest paid risk analysts made 16,061 USD while the highest paid risk analysts made 58,385 USD.
In 2015, the BLS also added a category specifically for consultation and technical services risk analysis managers. The top-earning risk analysts in this category work in management and computer consulting firms and earn an average of $125,000 annually. Risk analysis managers who concentrate on contingent labor also earn significantly less.
Though the risk analyst job market is strong now, they note that “job outlook is expected to be slower than average in the next few years,” especially as businesses are likely to let go of staff due to budget cuts.
