Average Risk Analyst Salary in Canada
The average annual salary of Risk Analyst is $65,398.00
The starting salary of Risk Analyst is between $41,693.00 and $49,050.00 whereas the maximum salary range is between $89,640.00 and $103,086.00.
| Minimum Annual Pay | Maximum Annual Pay |
|---|---|
| $41,693.00 | $103,086.00 |
The average hourly pay of Risk Analyst is $21.92.
The starting hourly rate is between $13.00 and $15.26 for Risk Analyst whereas the maximum hourly wage is between $38.88 and $45.00.
| Minimum Hourly Pay | Maximum Hourly Pay |
|---|---|
| $13.00 | $45.00 |
- Currency : CAD
- Annual Salary : $65,398.00
- Hourly Pay : $21.92
- Weekly Pay : $1,198.00
- Fortnightly Salary : $2,396.00
- Monthly Salary : $5,190.00
Risk Analyst Salary Comparison by Gender
This pie chart demonstrates the gender share for Risk Analyst. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, male employees are involved significantly more as Risk Analyst compared to female. Their involvement is 53% while of female is only 47%.
Salary Distribution Based on Years of Experience
The line graph shows Risk Analyst salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Risk Analyst working less than a year in a company, you notice that their annual salary starts around $62,033.25.
As the years of experience reaches 1 to 4, there is a significant increase of $1,912.39 which would give a total wage of CAD63,945.64.
Once the experience reaches 5-9 years Risk Analyst salary would increase again to a total of $73,204.34, adding $9,258.70 from the last salary increase.
After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of $84,740.75.
Prominent Skills Affecting Risk Analyst Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Risk Analyst's salary. It clearly highlights the skills needed for a post of Risk Analyst when hired by an employer.
The most vital skill expected of Risk Analyst is Python which impacts the most than the rest of the skills indicated with a staggering 22% comparatively. Therefore, one’s salary would greatly depend on their skills in Python.
The skill least likely to affect one’s pay would be Financial Analysis with 1%. It can be said that Financial Analysis skill will unlikely impact the salary.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Risk Analyst. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is $60,820.00 whereas the highest earning is $84,363.00 which clearly shows the salary increases with the level of expertise.
Late Career person will earn the maximum salary of $84,363.00 at 29%. So to summerize, Entry Level earns 7% less than the average salary, Early Career earns 2% less than the average salary, Mid Carrer earns 12% more than the average salary, Late Career earns 29% more than the average salary.
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