What does a Risk Analyst do?
A risk analyst evaluates financial documents, economic conditions and potential clients to help companies determine the level of risk involved in making a particular business decision. They typically work for banks and insurance companies, though any company handling large amounts of money may choose to hire a risk analyst. You can get a job as a risk analyst after college, provided that you have the relevant experience and internship credit, and can progress to higher levels of management throughout your career.
Risk analysts must have a bachelor's degree in statistics, economics, finance or another business-related degree. They should be able to use software programs, including Excel, and complete extensive research to evaluate business decisions. In certain cases, risk analysts may be required to travel to clients' locations for their work, depending on the type of company for which they work.
Risk Analyst Salaries
Average Base Pay
Risk Analyst Insights
“I have always been treated fairly and given countless opportunities to advance in my career.”
“Sometimes there is not enough content to work with so it could be difficult to have a stable salary.”
“It's great being able to work from home during this time and not be worried about Bolt going out of business.”
“Amazon is definitely a great company to work but the best thing is it's fun loving environment.. professional yet so cool..”
“Scope for learning is high and career growth is good.”
“People are nice and friendly.”
“This is an ok job to have on your resume and hopefully lead you to better opportunities.”
“They won't give you any information and they really do not treat you particularly well.”
Risk Analyst Interviews
Risk Analyst jobs
Frequently asked questions about the role and responsibilities of a risk analyst
When working as a risk analyst, the most common skills you will need to perform your job and for career success are Audit, EXCEL, Risk Assessments, Written Communication and Frameworks.
- Financial Analyst
- Finance Manager
- Fraud Analyst
The most common qualifications to become a risk analyst is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.