Risk Analyst Salary in 2024

Salary details

The average Risk Analyst salary lies between USD 78,000 and USD 154,000 globally. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Nov. 17, 2024

Top 20 Job Tags for Risk Analyst roles

The three most common job tag items assiciated with Risk Analyst job listings are Risk management, Compliance and Risk assessment. Below you find a list of the 20 most occuring job tags in 2024 and the number of open jobs that where associated with them during that period:

Risk management | 221 jobs Compliance | 193 jobs Risk assessment | 182 jobs NIST | 153 jobs CISSP | 152 jobs Governance | 136 jobs Cloud | 108 jobs CISA | 105 jobs Monitoring | 104 jobs ISO 27001 | 101 jobs CRISC | 100 jobs CISM | 98 jobs Privacy | 97 jobs Audits | 95 jobs Strategy | 67 jobs Vulnerabilities | 64 jobs Computer Science | 62 jobs RMF | 53 jobs Risk analysis | 47 jobs NIST 800-53 | 42 jobs

Top 20 Job Perks/Benefits for Risk Analyst roles

The three most common job benefits and perks assiciated with Risk Analyst job listings are Career development, Health care and Flex hours. Below you find a list of the 20 most occuring job perks or benefits in 2024 and the number of open jobs that where offering them during that period:

Career development | 181 jobs Health care | 106 jobs Flex hours | 91 jobs Equity / stock options | 66 jobs Competitive pay | 63 jobs Team events | 63 jobs Salary bonus | 54 jobs Parental leave | 53 jobs Flex vacation | 50 jobs Insurance | 48 jobs Medical leave | 47 jobs 401(k) matching | 41 jobs Wellness | 33 jobs Startup environment | 24 jobs Fitness / gym | 11 jobs Relocation support | 10 jobs Gear | 7 jobs Transparency | 6 jobs Conferences | 5 jobs Home office stipend | 4 jobs

Salary Composition for a Risk Analyst in InfoSec/Cyber Security

The salary for a Risk Analyst in InfoSec/Cyber Security typically comprises a fixed base salary, performance-based bonuses, and additional remuneration such as stock options or benefits. The composition can vary significantly based on region, industry, and company size. In regions with a high cost of living, such as the San Francisco Bay Area or New York City, the base salary might be higher to compensate for living expenses. In contrast, companies in smaller markets might offer lower base salaries but compensate with more substantial bonuses or stock options.

In industries like finance or technology, where cybersecurity is critical, bonuses can be more substantial, reflecting the high stakes involved. Larger companies often have more structured compensation packages, including comprehensive benefits and retirement plans, while smaller companies or startups might offer equity as part of the remuneration to attract talent.

Steps to Increase Salary from a Risk Analyst Position

To increase your salary from a Risk Analyst position, consider the following strategies:

• Skill Enhancement: Continuously update your skills with the latest cybersecurity trends and technologies. Specializing in emerging areas like cloud security or AI-driven risk analysis can make you more valuable.

• Advanced Certifications: Obtaining advanced certifications can demonstrate your expertise and commitment to the field, making you eligible for higher-paying roles.

• Networking: Engage with professional networks and attend industry conferences to increase your visibility and learn about new opportunities.

• Pursue Leadership Roles: Aim for positions with more responsibility, such as a Risk Manager or Director of Risk Management, which typically offer higher salaries.

• Negotiate: When offered a new position or during performance reviews, negotiate your salary based on your contributions and market research.

Educational Requirements for a Risk Analyst Role

Most Risk Analyst positions in InfoSec/Cyber Security require at least a bachelor's degree in a related field such as Computer Science, Information Technology, or Cybersecurity. Some employers may prefer candidates with a master's degree, especially for more senior roles. Courses in risk management, data analysis, and business administration can also be beneficial.

Helpful Certifications for a Risk Analyst

Certifications can significantly enhance your qualifications for a Risk Analyst role. Some of the most recognized certifications include:

• Certified Information Systems Security Professional (CISSP)
• Certified Information Security Manager (CISM)
• Certified in Risk and Information Systems Control (CRISC)
• Certified Information Systems Auditor (CISA)
• CompTIA Security+

These certifications validate your expertise and can make you more competitive in the job market.

Experience Required for a Risk Analyst Position

Typically, employers look for candidates with 3-5 years of experience in cybersecurity or a related field. Experience in risk assessment, threat analysis, and security policy development is highly valued. Practical experience with security tools and technologies, as well as familiarity with regulatory requirements, can also be crucial.

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