Salary for Entry-level / Junior Risk Analyst during 2024

Salary details

The average entry-level / junior Risk Analyst salary lies between USD 67,700 and USD 100,000 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 Entry-level / Junior Risk Analyst roles

The three most common job tag items assiciated with entry-level / junior 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 | 84 jobs Compliance | 74 jobs Risk assessment | 71 jobs NIST | 62 jobs CISSP | 52 jobs Cloud | 49 jobs ISO 27001 | 46 jobs Monitoring | 44 jobs Governance | 43 jobs Privacy | 40 jobs Audits | 39 jobs CISA | 36 jobs CRISC | 35 jobs CISM | 32 jobs Vulnerabilities | 27 jobs Strategy | 24 jobs Risk analysis | 20 jobs Computer Science | 19 jobs AWS | 18 jobs NIST 800-53 | 18 jobs

Top 20 Job Perks/Benefits for Entry-level / Junior Risk Analyst roles

The three most common job benefits and perks assiciated with entry-level / junior Risk Analyst job listings are Career development, Flex hours and Health care. 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 | 72 jobs Flex hours | 46 jobs Health care | 35 jobs Team events | 28 jobs Competitive pay | 27 jobs Parental leave | 26 jobs Equity / stock options | 22 jobs Salary bonus | 21 jobs Wellness | 15 jobs Insurance | 15 jobs Flex vacation | 14 jobs Medical leave | 13 jobs 401(k) matching | 11 jobs Startup environment | 10 jobs Gear | 5 jobs Conferences | 4 jobs Relocation support | 4 jobs Travel | 1 jobs Fitness / gym | 1 jobs Home office stipend | 1 jobs

Salary Composition

The salary for an entry-level or junior risk analyst in the InfoSec/Cyber Security field typically consists of a base salary, which is the fixed amount, and may include bonuses and additional remuneration. The composition can vary significantly depending on the region, industry, and company size. In larger metropolitan areas or tech hubs, the base salary might be higher due to the cost of living and demand for skilled professionals. Bonuses are often performance-based and can be influenced by the company's financial health and individual performance metrics. Additional remuneration might include stock options, especially in tech companies, or benefits such as health insurance, retirement plans, and professional development allowances.

Career Advancement

To increase your salary from an entry-level position, consider gaining specialized skills or certifications that are in high demand. Pursuing further education, such as a master's degree in cybersecurity or a related field, can also be beneficial. Networking within the industry and seeking mentorship can provide insights into career advancement opportunities. Additionally, gaining experience in different areas of cybersecurity, such as threat analysis or compliance, can make you a more versatile and valuable employee, potentially leading to promotions or higher-paying roles.

Educational Requirements

Most entry-level risk analyst positions 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 or finance if the candidate has relevant experience or certifications. A strong foundation in IT and an understanding of risk management principles are crucial. Coursework in network security, data protection, and ethical hacking can be particularly advantageous.

Helpful Certifications

Certifications can significantly enhance your qualifications and demonstrate your commitment to the field. Some common and beneficial certifications for a junior risk analyst include:

• CompTIA Security+: A foundational certification that covers essential cybersecurity concepts.
• Certified Information Systems Security Professional (CISSP): Although more advanced, it is highly respected in the industry.
• Certified Information Security Manager (CISM): Focuses on managing and governing information security programs.
• Certified in Risk and Information Systems Control (CRISC): Specifically tailored for IT professionals focusing on risk management.

Experience Requirements

For an entry-level position, employers typically look for candidates with some practical experience, which can be gained through internships, co-op programs, or relevant project work during your studies. Experience with risk assessment tools, familiarity with cybersecurity frameworks, and a basic understanding of regulatory requirements are often expected. Demonstrating problem-solving skills and the ability to work in a team environment can also be advantageous.

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