Risk Analyst Salary in United States during 2024

Salary details

The average Risk Analyst salary lies between USD 81,000 and USD 154,000 in the United States. 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.

Region represents the primary country of residence of an employee during the year (or residence for tax purposes). All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Dec. 15, 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 | 248 jobs Compliance | 213 jobs Risk assessment | 201 jobs NIST | 173 jobs CISSP | 167 jobs Governance | 143 jobs CISA | 123 jobs Cloud | 116 jobs Monitoring | 115 jobs ISO 27001 | 111 jobs Audits | 110 jobs Privacy | 110 jobs CRISC | 108 jobs CISM | 107 jobs Vulnerabilities | 76 jobs Strategy | 72 jobs Computer Science | 70 jobs RMF | 59 jobs Risk analysis | 51 jobs Security assessment | 49 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 | 199 jobs Health care | 119 jobs Flex hours | 101 jobs Equity / stock options | 74 jobs Team events | 72 jobs Competitive pay | 71 jobs Parental leave | 58 jobs Insurance | 58 jobs Flex vacation | 57 jobs Salary bonus | 57 jobs Medical leave | 55 jobs 401(k) matching | 46 jobs Wellness | 40 jobs Startup environment | 27 jobs Fitness / gym | 17 jobs Relocation support | 10 jobs Gear | 8 jobs Fertility benefits | 7 jobs Transparency | 6 jobs Conferences | 5 jobs

Salary Composition for a Risk Analyst in InfoSec/Cyber Security

The salary for a Risk Analyst in the InfoSec/Cyber Security field typically comprises a base salary, performance bonuses, and additional remuneration such as stock options or profit-sharing. The base salary is the fixed component and usually constitutes the majority of the total compensation package. Performance bonuses can vary significantly depending on the company's financial health and individual performance metrics. Additional remuneration might include benefits like health insurance, retirement contributions, and sometimes stock options, especially in larger tech companies or startups.

Regional differences can affect salary composition, with metropolitan areas like San Francisco, New York, and Washington D.C. offering higher base salaries due to the higher cost of living and demand for skilled professionals. Industry also plays a role; for instance, financial services and technology companies often offer more competitive compensation packages compared to non-profit or government sectors. Company size can influence the availability of stock options or profit-sharing, with larger companies more likely to offer these incentives.

Steps to Increase Salary from a Risk Analyst Position

To increase your salary from a Risk Analyst position, consider pursuing advanced roles such as Senior Risk Analyst, Risk Manager, or Chief Information Security Officer (CISO). These roles typically require a combination of experience, advanced education, and leadership skills. Networking within the industry and seeking mentorship from senior professionals can provide valuable insights and opportunities for advancement.

Continuing education, such as obtaining a master's degree in cybersecurity or a related field, can also enhance your qualifications. Additionally, specializing in high-demand areas like cloud security, threat intelligence, or compliance can make you more valuable to employers. Demonstrating a track record of successful risk mitigation and contributing to the company's strategic goals can position you for promotions and salary increases.

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 accept degrees in business administration or finance if supplemented with relevant cybersecurity experience or certifications.

A master's degree in cybersecurity, information systems, or business administration with a focus on information security can be advantageous and may be required for more senior positions. Continuous learning through workshops, seminars, and online courses is also beneficial to stay updated with the latest industry trends and technologies.

Helpful Certifications for a Risk Analyst

Certifications can significantly enhance your qualifications and demonstrate your expertise to potential employers. Some of the most recognized certifications for a Risk Analyst in InfoSec/Cyber Security 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 cover various aspects of information security, risk management, and auditing, providing a comprehensive skill set that is highly valued in the industry.

Experience Required for a Risk Analyst Position

Typically, employers look for candidates with at least 2-5 years of experience in information security, risk management, or a related field. Experience in roles such as IT auditor, security analyst, or compliance officer can be beneficial. Practical experience with risk assessment methodologies, security frameworks, and regulatory compliance is often required.

Hands-on experience with security tools and technologies, as well as familiarity with industry standards like ISO 27001, NIST, and GDPR, can also be advantageous. Demonstrating a history of successful risk assessments and mitigation strategies can set you apart from other candidates.

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