Mid-Level

Risk Analyst

Analyzing risk for an organization โ€” 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
Job markets for Risk Analysts
Employment concentration ยท ~400 areas
Based on employment in related occupations
BLS Occupational Employment Statistics
What it's like

What it's like to be a Risk Analyst

As a Sale Agent, you facilitate transactions on behalf of clients โ€” 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.

AchievementAbove avg
IndependenceAbove avg
Working ConditionsAbove avg
RecognitionModerate
SupportModerate
RelationshipsLower
O*NET Work Values survey
StrategyExecution
StructuredAdaptable
ManagingContributing
CollaborativeIndependent
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 โ€” and who might find it challenging.

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

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

$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all Risk Analysts (SOC 13-2054.00, 15-2031.00, 19-5011.00), not just this title ยท BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Also appears in: Science, Technology
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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?
โœฆ Editorial โ€” 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 โ€” helpful for context, but your specific experience will depend on level, specialty, and where you work.

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

How this category is changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 ยท BLS Employment Projections 2024โ€“2034

Skills & Requirements

MathematicsComplex Problem SolvingWritingActive ListeningSpeakingCritical ThinkingReading ComprehensionActive ListeningWritingSpeaking
O*NET OnLine ยท Bureau of Labor Statistics
13-2054.0015-2031.0019-5011.00

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