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Careersβ€ΊRolesβ€ΊRisk Analyst
Mid-Level

Risk Analyst

Analyzing risk for an organization β€” financial, operational, credit, regulatory, or enterprise-wide depending on the employer. The work mixes statistical methods with the harder craft of explaining tail-risk scenarios to leadership, where being right too early often looks like being wrong.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
I
C
E
R
S
A
Investigativeanalytical, curious
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Industries that often hire Risk Analysts
Agriculture & ForestryWholesale & DistributionFinancial Services Β· 63%Professional Services Β· 11%Government Β· 3%Administrative Services Β· 2%
Job markets for Risk Analysts
Where Risk Analyst jobs concentrate Β· ~400 metro areas
Based on employment in related occupations
Mapped SOC categories:
Business OperationsScienceTechnology
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Risk Analyst

As a Sale Agent, you facilitate transactions on behalf of clients β€” connecting buyers and sellers, negotiating terms, and closing deals. The specific context varies widely (real estate, insurance, business sales), but the core function is representing one party in a transaction and earning commission on successful deals.

Your day depends heavily on your specialization, but typically involves prospecting for new business, meeting with clients to understand needs, presenting options, negotiating terms, and managing paperwork to close. You're building relationships on both sides of transactions while ensuring your client's interests are protected.

The challenge is that your income depends on closing deals. Slow periods happen, and you need financial and emotional resilience to push through. Success requires consistent prospecting, strong relationship skills, and the ability to navigate complex negotiations to get deals done.

What people in this role value
AchievementAbove avg
IndependenceAbove avg
Working ConditionsAbove avg
RecognitionModerate
SupportModerate
RelationshipsLower
O*NET Work Values survey
Role Profile
StrategyExecution
StructuredAdaptable
ManagingContributing
CollaborativeIndependent
Things that vary from job to job as a Risk Analyst
risk typeindustry sectormodeling depthregulatory frameworkreporting audience
Financial risk analysis differs from operational or enterprise risk. Banking, insurance, and corporate risk functions operate under different regulatory frameworks. The depth of quantitative modeling varies from spreadsheet analysis to sophisticated statistical methods.

Is Risk Analyst right for you?

An honest look at who tends to thrive in this role β€” and who might find it challenging.

This role tends to work well for...
This role tends to create friction for...
✦ Editorial β€” written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape β€” and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Technology & Information$101K+9%
Energy & Utilities$100K+8%
Professional Services$98K+6%
Financial Services$83K-11%
Government$76K-17%
Compared to Business Operations average across all industries
1 BLS OEWS May 2024 covers all Risk Analysts (SOC 13-2054.00, 15-2031.00, 19-5011.00), not just this title Β· BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Business Operations β†’
Risk AnalystBusiness AnalystBusiness Operations AnalystManagement ConsultantBusiness Management ConsultantHealth Information Management Business Analyst (HIM Business Analyst)Loss Prevention Operations ManagerRisk Model AuditorOperational Risk ManagerSecurity ConsultantBusiness Process AnalystResearch ScientistSystems AnalystForms AnalystTechnical AnalystRisk ManagerSecurities ConsultantAnalystHazardous Waste Management SpecialistSystems ConsultantHealth InspectorBank and Savings Securities TraderSanitation InspectorMortician InvestigatorIndustrial Waste Inspector+1 more
Also appears in: Science, Technology
Exploring the Risk Analyst career path? Truest helps you figure out if it's the right fit β€” and plan your path forward.
Explore career tools
What it takes to advance
1
2
3
Lateral Moves
Compliance Analyst β†’
Risk analysis skills transfer to regulatory compliance
Internal Auditor β†’
Risk assessment provides foundation for audit work
Financial Analyst β†’
Quantitative risk skills transfer to financial analysis
Questions you might ask when interviewing
What types of risk does this role focus on?
What quantitative methods and tools are used?
How does the risk function interact with business leadership?
What regulatory frameworks govern the risk program?
What is the team structure?
✦ Editorial β€” career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape β€” helpful for context, but your specific experience will depend on level, specialty, and where you work.

$51K–$182K
Salary Range
10th – 90th percentile
293K
U.S. Employment
+13.5%
10yr Growth
29K
Annual Openings

How Risk Analyst pay & employment are changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 Β· BLS Employment Projections 2024–2034

Skills & Requirements

MathematicsComplex Problem SolvingWritingActive ListeningSpeakingCritical ThinkingReading ComprehensionActive ListeningWritingSpeaking
O*NET OnLine Β· Bureau of Labor Statistics
Mapped SOC Codes
13-2054.0015-2031.0019-5011.00

Explore related roles

Roles with similar work and overlapping career paths

directorRisk Management Director$162KseniorSenior Risk Analyst$94KmidBusiness Analyst$102KmidBusiness Operations Analyst$96KmidManagement Consultant$106KmidBusiness Management Consultant$101K
View all Business Operations roles β†’

Common questions about what it's like to be a Risk Analyst

What does a Risk Analyst do?

Analyzing risk for an organization β€” financial, operational, credit, regulatory, or enterprise-wide depending on the employer. The work mixes statistical methods with the harder craft of explaining tail-risk scenarios to leadership, where being right too early often looks like being wrong.

How much does a Risk Analyst make?

Median pay for a Risk Analyst is about $94K nationally, with the field ranging roughly from $51K to $182K depending on experience, employer, and metro (BLS).

What skills does a Risk Analyst need?

Core skills for this role include Mathematics, Complex Problem Solving, Writing, Active Listening, and Speaking.

What education do you need to be a Risk Analyst?

Most people in this role hold a bachelor's degree.

Is a Risk Analyst in demand?

Employment in this field is projected to grow about 13.5% through 2034, with roughly 292,510 people working in it today (BLS).

What jobs are similar to a Risk Analyst?

Closely related roles include Risk Management Director, Senior Risk Analyst, and Business Analyst.

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) Β· BLS Employment Projections Β· O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.