Risk Analyst I Salary in Indore, IN
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How much does a Risk Analyst I make in Indore, IN? The average Risk Analyst I salary in Indore, IN is ₹400,692 as of March 18, 2021, but the range typically falls between ₹197,260 and ₹877,314. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
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Skills to Boost a Risk Analyst I Salary
Mastering key skills can significantly increase your earning potential as a Risk Analyst I. According to Salary.com's Real-time Job Posting Data, expertise in Loss Prevention can lead to a 2% salary raise, while strong Information Security skills boost pay by a 1%. Even Root Cause Analysis can result in a 1% salary increase.
Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Loss Prevention
Loss prevention refers to measures taken to prevent the loss of life, health, and property. In the workplace, this involves preventing accidents, reducing risks, and controlling known hazards.
Information Security
A practice of preventing unauthorized access, use, disclosure, disruption, modification, inspection, recording, or destruction of confidential, private, and sensitive information.
Root Cause Analysis
In science and engineering, root cause analysis (RCA) is a method of problem solving used for identifying the root causes of faults or problems. It is widely used in IT operations, telecommunications, industrial process control, accident analysis (e.g., in aviation, rail transport, or nuclear plants), medicine (for medical diagnosis), healthcare industry (e.g., for epidemiology), etc. RCA can be decomposed into four steps: Identify and describe clearly the problem. Establish a timeline from the normal situation up to the time the problem occurred. Distinguish between the root cause and other causal factors (e.g., using event correlation). Establish a causal graph between the root cause and the problem.RCA generally serves as input to a remediation process whereby corrective actions are taken to prevent the problem from reoccurring. The name of this process varies from one application domain to another.
More Skills...
Based on recent job listings, in-demand skills in the Risk Analyst I field include Loss Prevention (2%), Information Security (1%), and Root Cause Analysis (1%). These skills reflect current market needs.
| Skills | Salary | Demand | |
|---|---|---|---|
| Skill & Salary | Demand | ||
| ₹408,705 |
Loss Prevention
₹408,705
|
2%
|
|
| ₹404,698 |
Information Security
₹404,698
|
1%
|
|
| ₹404,698 |
Root Cause Analysis
₹404,698
|
1%
|
What does a Risk Analyst I do?
Risk Analyst I
Trivandrum, IN
Assist in the implementation of credit policies, procedures, and practices while making significant strategic and tactical contributions to the formulation, development, and administration of Credit Union strategies, business goals, and objectives.
12/26/2020
Risk Analyst I
Guangzhou, CN
Assist in creating client business, IT financial and risk / internal controls documentation by maintaining document control, compiling data and documentation, developing reports, and reviewing results developed by AAs.
12/22/2020
Risk Analyst I
Norte/Nordeste Catarinense, BR
Assist FRMS Risk Management / Compliance team in monitoring adherence to internal Fiserv controls, frameworks and standards in collaboration with Enterprise Risk and Compliance Working Group (ERCWG), Business Management, Product Management, Infrastructure Management, and other relevant functions such as HR and Legal.
12/20/2020
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Career Path for Risk Analyst I
About Indore, India
Indore /ɪnˈdɔːr/ (listen) is the most populous and the largest city in the Indian state of Madhya Pradesh. It serves as the headquarters of both Indore District and Indore Division. It is also considered as an education hub of the state and has campuses of both the Indian Institute of Technology and the Indian Institute of Management. Located on the southern edge of Malwa Plateau, at an average altitude of 553 meters (1,814 ft) above sea level, it has the highest elevation among major cities of Central India. The city is 190 km (120 mi) west of the state capital of Bhopal. Indore had a census-...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Risk Analyst I Pay Difference by Cities
| City, Country | Compared to national average |
|---|---|
| City, Country Mumbai, IN |
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| City, Country Jaipur, IN |
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| City, Country Kanpur, IN |
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| City, Country Lucknow, IN |
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| City, Country Nagpur, IN |
Compared to national average
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| City, Country Indore, IN |
Compared to national average
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Employees with Risk Analyst I in their job title in Mumbai, IN earn an average of 8.4% more than the national average. The lower salaries can be found in Nagpur, IN (16.3% less), Indore, IN (14.5% less), Lucknow, IN (12.4% less), Jaipur, IN (9.2% less), Kanpur, IN (6.6% less).
Similar Jobs to Risk Analyst I in Indore, IN
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| Job Title | Location | Salary Range in INR |
|---|---|---|
| Job Title Economics Analyst I | Location Indore, IN |
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| Job Title Entry Risk Analyst | Location Indore, IN |
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| Job Title Information Vulnerability/Risk Analyst I | Location Indore, IN |
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| Job Title Intermediate Risk Analyst | Location Indore, IN |
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| Job Title Operational Risk Analyst I | Location Indore, IN |
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Understand the base salary paid range for a Risk Analyst I in Indore, IN
Average Base Salary
Core compensation
197260
877314
The chart shows the base salary for Risk Analyst I in Indore ranges from ₹197,260 to ₹877,314 with the average base salary of ₹400,692. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Risk Analyst I may get paid difference by industry, location, and factors.
Risk Analyst I Frequently Asked Questions
Can I expect to receive a higher salary for the position of Risk Analyst I in Mumbai than for the same job in Nagpur in the India?
On average, a Risk Analyst I, working in Mumbai, India, would generally get a higher salary than those working in the city of Nagpur. The larger cities in the IN typically provide numerous opportunities for Risk Analyst I Jobs. Since Indore, India is an attractive place to work for many professions, Risk Analyst I Jobs could be competitive. Candidates need to consider personal preferences when deciding on a work location and weigh all factors including employment viability, cost of living, workforce competition, and quality of life in a particular location.
March 18, 2021
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What is the salary range for a Risk Analyst I in Indore, India? What is the average hourly rate?
The average salary for a Risk Analyst I in Indore, India is ₹400,692 per year. The salary range for a Risk Analyst I is between ₹197,260 and ₹877,314. While we are seeing hourly wages as high as ₹422 and as low as ₹95, the majority of Risk Analyst Is are currently paid an average of ₹193 in Indore, India. The average salary pay range for a Risk Analyst I can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for a Risk Analyst I in Indore, India can differ based on any or all of these varying factors.
March 18, 2021
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Besides the base pay, what other benefits might be negotiable when considering a Risk Analyst I job? What common items are generally included in a total compensation package?
A total compensation package consists of base pay or salary and all other types of pay and benefits that a Risk Analyst I working in Indore, India will receive in exchange for their job. Some common items included in the total compensation of a Risk Analyst I working in the Indore, India are bonuses, medical/dental/vision benefits coverage, paid leaves, life insurance, and pension plan company match. Some companies in the Indore, India might also offer long-term incentives such as stock options or stock grants for Risk Analyst Is. Other popular benefits are gym memberships, free parking, monthly car expenses, free food, and company discounts. Evaluate all offered benefits to determine if they are of value to you. Consider items that you value and see if you can negotiate favorable terms for them. For example, request an extra week of vacation, reimbursement for training, flexible work hours, or subsidized parking. These perks have a value that should be included when you evaluate the entire compensation package offered to you.
March 18, 2021
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Last Update: March 18, 2021