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Risk Analyst Careers

August 19, 2016 5:20 pm

What We Do

As a risk analyst you will establish measures for quality control by auditing data. You will also create summaries and reports and document procedures and processes. Furthermore, you will calculate outcomes and risks using available data. Finally, you will aggregate data from various sources and transform it into results that people can understand.

Work Environment

Most risk analysts work in a regular office environment during business hours. Some overtime may be required if emergencies occur.

How to Become

Becoming a risk analyst means being an excellent analytical thinker with a passion for math. You must be a real problem solver and work under minimum supervision. Furthermore, you must be detail orientated and understand every element of the money market. You must also be an excellent communicator and be proficient with computer software.

Training & Certification Requirements

To become a risk analyst, you will need a bachelor’s degree in a field such as statistics, accounting, economics, business or finance. More and more frequently, you will be required to hold a master’s degree that includes risk management in the curriculum. Being PRM and/or CFA designated and certified is also beneficial. You may also have to be licensed through the FIRA if you want to work in the securities industry, but this would be arranged by your employer.

Education Requirements

Bachelor’s

Job Outlook

According to the U.S. Bureau of Labor Statistics, information security analysts can expect an 18% growth between 2014 and 2024, which is much faster than average.

National Salary

The average national salary of jobs for Risk Analyst was $89,000 with a high confidence ranking based on over 250 sources. Average Risk Analyst salaries for job postings nationwide are 55% higher than average salaries for all job postings nationwide.

Salary trend

Salary Figures By State

Below are the salaries for Risk Analyst, as quoted by job website Indeed.com:

Indeed simplyhired
$89,000 $88,232
All brand names are trademarks of their respective owners. All salary source data is public & accurate as of 2016-08-29.
Alaska – $66,000
(High Confidence (more than 250 sources))
Rank: 49th
Average Risk Analyst salaries for job postings in Alaska are 26% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 49th among states in the country. There were also job openings from employers like Bank of America, Alaska Communications Systems, Workplace Alaska, and Municipality of Anchorage.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $66,000 Bar high
 
Alabama – $91,000
(High Confidence (more than 250 sources))
Rank: 12th
Average Risk Analyst salaries for job postings in Alabama are 1% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 12th among states in the country. There were also job openings from employers like Regions Bank, BBVA Compass, Lockheed Martin, and SAIC.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $91,000 Bar high
 
Arkansas – $91,000
(High Confidence (more than 250 sources))
Rank: 13th
Average Risk Analyst salaries for job postings in Arkansas are 2% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 13th among states in the country. There were also job openings from employers like Tyson Foods, Inc., ConAgra Foods, ABCBS, and Walmart.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $91,000 Bar high
 
Arizona – $74,000
(High Confidence (more than 250 sources))
Rank: 44th
Average Risk Analyst salaries for job postings in Arizona are 18% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 44th among states in the country. There were also job openings from employers like Dignity Health, MUFG, Engility Corporation, and Silicon Valley Bank.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $74,000 Bar high
 
California – $96,000
(High Confidence (more than 250 sources))
Rank: 8th
Average Risk Analyst salaries for job postings in California are 7% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 8th among states in the country. There were also job openings from employers like Selby Jennings, Bank of America, Kaiser Permanente, and BNP Paribas.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $96,000 Bar high
 
Colorado – $79,000
(High Confidence (more than 250 sources))
Rank: 36th
Average Risk Analyst salaries for job postings in Colorado are 11% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 36th among states in the country. There were also job openings from employers like CACI International Inc, Charles Schwab, Western Union, and Lockheed Martin.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $79,000 Bar high
 
Connecticut – $103,000
(High Confidence (more than 250 sources))
Rank: 4th
Average Risk Analyst salaries for job postings in Connecticut are 15% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 4th among states in the country. There were also job openings from employers like Yale University, Travelers, The Hartford Financial Services, and Sikorsky.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $103,000 Bar high
 
DC – $112,000
(High Confidence (more than 250 sources))
Rank: 1st
Average Risk Analyst salaries for job postings in Washington, DC are 25% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 1st among states in the country. There were also job openings from employers like Vencore, Booz Allen Hamilton, Capital One, and General Dynamics – Information Technology.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $112,000 Bar high
 
Delaware – $79,000
(High Confidence (more than 250 sources))
Rank: 37th
Average Risk Analyst salaries for job postings in Delaware are 12% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 37th among states in the country. There were also job openings from employers like JPMorgan Chase, C&L Group, Barclays, and Citi.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $79,000 Bar high
 
Florida – $83,000
(High Confidence (more than 250 sources))
Rank: 28th
Average Risk Analyst salaries for job postings in Florida are 7% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 28th among states in the country. There were also job openings from employers like Citi, Deutsche Bank, Willis Towers Watson, and Adecco: USA.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $83,000 Bar high
 
Georgia – $102,000
(High Confidence (more than 250 sources))
Rank: 5th
Average Risk Analyst salaries for job postings in Georgia are 14% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 5th among states in the country. There were also job openings from employers like SunTrust, Home Depot, Spartan Resources, and Macy's.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $102,000 Bar high
 
Hawaii – $55,000
(High Confidence (more than 250 sources))
Rank: 52nd
Average Risk Analyst salaries for job postings in Hawaii are 38% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 52nd among states in the country. There were also job openings from employers like HMSA, Bank of Hawaii, SAIC, and General Dynamics – Information Technology.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $55,000 Bar high
 
Iowa – $88,000
(High Confidence (more than 250 sources))
Rank: 17th
Average Risk Analyst salaries for job postings in Iowa are 2% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 17th among states in the country. There were also job openings from employers like Transamerica, Wells Fargo, Federal Home Loan Bank of Seattle, and Federal Home Loan Bank (FHLB).

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $88,000 Bar high
 
Idaho – $59,000
(High Confidence (more than 250 sources))
Rank: 51st
Average Risk Analyst salaries for job postings in Idaho are 34% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 51st among states in the country. There were also job openings from employers like Bank of America, J. R. Simplot Company, HP, and Acro Service Corporation.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $59,000 Bar high
 
Illinois – $102,000
(High Confidence (more than 250 sources))
Rank: 6th
Average Risk Analyst salaries for job postings in Illinois are 13% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 6th among states in the country. There were also job openings from employers like Walgreens, Discover Financial Services, Aon, and Technical Options, Inc.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $102,000 Bar high
 
Indiana – $86,000
(High Confidence (more than 250 sources))
Rank: 23rd
Average Risk Analyst salaries for job postings in Indiana are 4% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 23rd among states in the country. There were also job openings from employers like Cummins Inc., Crowe Horwath, Celadon Trucking, and Kinney Group, Inc..

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $86,000 Bar high
 
Kansas – $82,000
(High Confidence (more than 250 sources))
Rank: 31st
Average Risk Analyst salaries for job postings in Kansas are 9% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 31st among states in the country. There were also job openings from employers like Home Credit US, Security Benefit Web, Spirit AeroSystems, and Epiq Systems, Inc..

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $82,000 Bar high
 
Kentucky – $77,000
(High Confidence (more than 250 sources))
Rank: 42nd
Average Risk Analyst salaries for job postings in Kentucky are 14% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 42nd among states in the country. There were also job openings from employers like Vaco, Humana, Ingram Micro, and Marsh & McLennan Companies.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $77,000 Bar high
 
Louisiana – $80,000
(High Confidence (more than 250 sources))
Rank: 33rd
Average Risk Analyst salaries for job postings in Louisiana are 11% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 33rd among states in the country. There were also job openings from employers like Hancock Holding Company, ANSER, BlueCross BlueShield of Louisiana, and Louisiana State Government.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $80,000 Bar high
 
Massachusetts – $108,000
(High Confidence (more than 250 sources))
Rank: 2nd
Average Risk Analyst salaries for job postings in Massachusetts are 20% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 2nd among states in the country. There were also job openings from employers like State Street, Partners HealthCare(PHS), Partners HealthCare, and Santander Bank.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $108,000 Bar high
 
Maryland – $92,000
(High Confidence (more than 250 sources))
Rank: 11th
Average Risk Analyst salaries for job postings in Maryland are 3% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 11th among states in the country. There were also job openings from employers like Northrop Grumman, T. Rowe Price, Vencore, and General Dynamics – Information Technology.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $92,000 Bar high
 
Maine – $79,000
(High Confidence (more than 250 sources))
Rank: 38th
Average Risk Analyst salaries for job postings in Maine are 12% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 38th among states in the country. There were also job openings from employers like Bangor Savings Bank, WEX Inc., Delhaize America, and S21sec.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $79,000 Bar high
 
Michigan – $91,000
(High Confidence (more than 250 sources))
Rank: 14th
Average Risk Analyst salaries for job postings in Michigan are 1% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 14th among states in the country. There were also job openings from employers like General Motors, Ally Financial Inc., Bank of America, and Blue Cross Blue Shield of Michigan.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $91,000 Bar high
 
Minnesota – $78,000
(High Confidence (more than 250 sources))
Rank: 40th
Average Risk Analyst salaries for job postings in Minnesota are 13% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 40th among states in the country. There were also job openings from employers like U.S. Bank, UnitedHealth Group, Wells Fargo, and Thomson Reuters.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $78,000 Bar high
 
Missouri – $88,000
(High Confidence (more than 250 sources))
Rank: 18th
Average Risk Analyst salaries for job postings in Missouri are 2% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 18th among states in the country. There were also job openings from employers like Express Scripts, U.S. Bank, Citi, and H&R Block.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $88,000 Bar high
 
Mississippi – $94,000
(High Confidence (more than 250 sources))
Rank: 9th
Average Risk Analyst salaries for job postings in Mississippi are 5% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 9th among states in the country. There were also job openings from employers like Cognosante, LLC, Vencore, Blue Cross & Blue Shield of Mississippi, and Enlogica Solutions, LLC.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $94,000 Bar high
 
Montana – $75,000
(High Confidence (more than 250 sources))
Rank: 43rd
Average Risk Analyst salaries for job postings in Montana are 17% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 43rd among states in the country. There were also job openings from employers like State of Montana, Zoot Enterprises, Inc., gpac, and First Interstate Bank.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $75,000 Bar high
 
North Carolina – $85,000
(High Confidence (more than 250 sources))
Rank: 26th
Average Risk Analyst salaries for job postings in North Carolina are 5% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 26th among states in the country. There were also job openings from employers like Bank of America, Wells Fargo, Signature Consultants, and Credit Suisse.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $85,000 Bar high
 
North Dakota – $80,000
(High Confidence (more than 250 sources))
Rank: 34th
Average Risk Analyst salaries for job postings in North Dakota are 11% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 34th among states in the country. There were also job openings from employers like Sanford Health, First International Bank & Trust, U.S. Bank, and HUB International.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $80,000 Bar high
 
Nebraska – $66,000
(High Confidence (more than 250 sources))
Rank: 50th
Average Risk Analyst salaries for job postings in Nebraska are 27% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 50th among states in the country. There were also job openings from employers like First National Bank of Omaha, First Data, Farm Credit Services of America, and BNP Paribas.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $66,000 Bar high
 
New Hampshire – $88,000
(High Confidence (more than 250 sources))
Rank: 19th
Average Risk Analyst salaries for job postings in New Hampshire are 1% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 19th among states in the country. There were also job openings from employers like Liberty Mutual, UnitedHealth Group, Fidelity Investments, and Dartmouth College.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $88,000 Bar high
 
New Jersey – $97,000
(High Confidence (more than 250 sources))
Rank: 7th
Average Risk Analyst salaries for job postings in New Jersey are 8% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 7th among states in the country. There were also job openings from employers like JPMorgan Chase, Deutsche Bank, Prudential, and Michael Page US.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $97,000 Bar high
 
New Mexico – $78,000
(High Confidence (more than 250 sources))
Rank: 41st
Average Risk Analyst salaries for job postings in New Mexico are 13% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 41st among states in the country. There were also job openings from employers like Presbyterian Healthcare Services, UNM Medical Group, Inc., UNM Hospitals, and Ball Aerospace.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $78,000 Bar high
 
Nevada – $68,000
(High Confidence (more than 250 sources))
Rank: 47th
Average Risk Analyst salaries for job postings in Nevada are 24% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 47th among states in the country. There were also job openings from employers like Desert Radiologists, Caesars Enterprise Services, MGM Resorts International, and Allegiant Travel Company.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $68,000 Bar high
 
New York – $108,000
(High Confidence (more than 250 sources))
Rank: 3rd
Average Risk Analyst salaries for job postings in New York State are 21% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 3rd among states in the country. There were also job openings from employers like Selby Jennings, JPMorgan Chase, Michael Page US, and Citi.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $108,000 Bar high
 
Ohio – $86,000
(High Confidence (more than 250 sources))
Rank: 24th
Average Risk Analyst salaries for job postings in Ohio are 4% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 24th among states in the country. There were also job openings from employers like JPMorgan Chase, PNC Bank, KeyBank, and Key Bank.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $86,000 Bar high
 
Oklahoma – $83,000
(High Confidence (more than 250 sources))
Rank: 29th
Average Risk Analyst salaries for job postings in Oklahoma are 8% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 29th among states in the country. There were also job openings from employers like Addison Group, Northrop Grumman, Paycom, and Bank of America.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $83,000 Bar high
 
Oregon – $87,000
(High Confidence (more than 250 sources))
Rank: 21st
Average Risk Analyst salaries for job postings in Oregon are 3% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 21st among states in the country. There were also job openings from employers like Umpqua Bank, Standard Insurance Company, State of Oregon, and U.S. Bank.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $87,000 Bar high
 
Pennsylvania – $86,000
(High Confidence (more than 250 sources))
Rank: 25th
Average Risk Analyst salaries for job postings in Pennsylvania are 4% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 25th among states in the country. There were also job openings from employers like PNC Bank, Highmark Health, BNY Mellon, and Accenture.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $86,000 Bar high
 
Rhode Island – $82,000
(High Confidence (more than 250 sources))
Rank: 32nd
Average Risk Analyst salaries for job postings in Rhode Island are 9% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 32nd among states in the country. There were also job openings from employers like CITIZENS BANK, CVS Health, Epsilon Systems Solutions, Inc., and Lifespan.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $82,000 Bar high
 
South Carolina – $88,000
(High Confidence (more than 250 sources))
Rank: 20th
Average Risk Analyst salaries for job postings in South Carolina are 1% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 20th among states in the country. There were also job openings from employers like DP Professionals, BB&T, Acro Service Corporation, and ASSURANT.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $88,000 Bar high
 
South Dakota – $68,000
(High Confidence (more than 250 sources))
Rank: 48th
Average Risk Analyst salaries for job postings in South Dakota are 25% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 48th among states in the country. There were also job openings from employers like MetaBank, Sammons Financial Group, First National Bank of Omaha, and Wells Fargo.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $68,000 Bar high
 
Tennessee – $83,000
(High Confidence (more than 250 sources))
Rank: 30th
Average Risk Analyst salaries for job postings in Tennessee are 7% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 30th among states in the country. There were also job openings from employers like First Horizon, HCA Corporate, Asurion, and UBS.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $83,000 Bar high
 
Texas – $87,000
(High Confidence (more than 250 sources))
Rank: 22nd
Average Risk Analyst salaries for job postings in Texas are 3% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 22nd among states in the country. There were also job openings from employers like Fiesta Mart, L.L.C., JPMorgan Chase, Citi, and GM Financial.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $87,000 Bar high
 
Utah – $70,000
(High Confidence (more than 250 sources))
Rank: 46th
Average Risk Analyst salaries for job postings in Utah are 22% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 46th among states in the country. There were also job openings from employers like Goldman Sachs, Selby Jennings, Zions Management Services, and State of Utah.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $70,000 Bar high
 
Virginia – $90,000
(High Confidence (more than 250 sources))
Rank: 15th
Average Risk Analyst salaries for job postings in Virginia are 1% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 15th among states in the country. There were also job openings from employers like Vencore, Capital One, Booz Allen Hamilton, and CACI International Inc.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $90,000 Bar high
 
Vermont – $79,000
(High Confidence (more than 250 sources))
Rank: 39th
Average Risk Analyst salaries for job postings in Vermont are 12% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 39th among states in the country. There were also job openings from employers like Allscripts, People's United Bank, ClearBridge Technology Group LLC, and GLOBALFOUNDRIES.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $79,000 Bar high
 
Washington – $93,000
(High Confidence (more than 250 sources))
Rank: 10th
Average Risk Analyst salaries for job postings in Washington State are 3% higher than average Risk Analyst salaries for job postings nationwide. The average salary ranks 10th among states in the country. There were also job openings from employers like Amazon Corporate LLC, T-Mobile, Microsoft, and University of Washington Medical Center.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $93,000 Bar high
 
Wisconsin – $80,000
(High Confidence (more than 250 sources))
Rank: 35th
Average Risk Analyst salaries for job postings in Wisconsin are 11% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 35th among states in the country. There were also job openings from employers like BMO Financial Group, Associated Bank, Bank of America, and Oshkosh Corporation.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $80,000 Bar high
 
West Virginia – $85,000
(High Confidence (more than 250 sources))
Rank: 27th
Average Risk Analyst salaries for job postings in West Virginia are 6% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 27th among states in the country. There were also job openings from employers like Halfaker and Associates, Digital Management, Inc., Information Innovators Inc., and ManTech International Corporation.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $85,000 Bar high
 
Wyoming – $74,000
(High Confidence (more than 250 sources))
Rank: 45th
Average Risk Analyst salaries for job postings in Wyoming are 17% lower than average Risk Analyst salaries for job postings nationwide. The average salary ranks 45th among states in the country. There were also job openings from employers like State of Wyoming, HDR, Pioneer Technologies Corporation, and Cognosante, LLC.

In USD as of August 17, 2016 60k 120k 180k
Risk Analyst $74,000 Bar high
 

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References

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