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As of September 01, 2026, the average salary for a Junior Risk Analyst in Illinois is $68,078 per year, which breaks down to an hourly rate of $33.
However, a Junior Risk Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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Junior Risk Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $74,141 | $6,178 | $1,426 | $36 |
| Average | $68,078 | $5,673 | $1,309 | $33 |
| 25th Percentile | $64,071 | $5,339 | $1,232 | $31 |
CF Industries - Lincolnshire Woods, IL
Fulcrum Global Technologies - Schaumburg, IL
Savills North America - Chicago, IL
MultiTech Systems - Northbrook, IL
A Junior Risk Analyst's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Junior Risk Analyst's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Junior Ri... Level Junior Risk Analyst | $67,632 |
| Risk Anal... Level Junior Risk Analyst | $83,086 |
| Risk Anal... Level Junior Risk Analyst | $101,101 |
| Risk Anal... Level Junior Risk Analyst | $128,163 |
| Risk Anal... Level Junior Risk Analyst | $162,939 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Junior Risk Analysts. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Junior Risk Analyst roles, the industry you choose can affect earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Financial Services sectors offer the strongest compensation, at 20% above the average. In contrast, Junior Risk Analyst positions in Hospitality & Leisure or Retail & Wholesale typically offer lower base pay, as these industries often view Junior Risk Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $81,694 | $39.0 | 20% |
| Financial Services | $78,290 | $38.0 | 15% |
| Healthcare | $78,290 | $38.0 | 15% |
| Aerospace & Defense | $74,886 | $36.0 | 10% |
| Energy & Utilities | $74,886 | $36.0 | 10% |
Understanding how a Junior Risk Analyst's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $74,141 | $6,178 | $1,426 | $36 |
| Average | $68,078 | $5,673 | $1,309 | $33 |
| 25th Percentile | $64,071 | $5,339 | $1,232 | $31 |
Ready to take the next step in your career? Browse thousands of current Junior Risk Analyst job openings on our job board. Use the search bar below to find your perfect match.
Culligan
Chicago, IL
Culligan | Chicago, IL
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Temporary Junior Analyst. Golub Capital has one intern position for our Operations team. This intern will assist with some or all of the following tasks. M... more
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Chicago, IL
Golub Capital | Chicago, IL
Temporary Junior Analyst. The newly formed Change Management department is responsible for continually helping individuals impacted by "the change" be succ... more
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TSI - Transforming Solutions, Inc.
Arlington Heights, IL
TSI - Transforming Solutions, Inc. | Arlington Heights, IL
Job Description. Job Description. TSI is a rapidly growing management consulting firm based in the Chicago area. TSI’s core service offerings may be found ... more
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Flanagan - Bilton LLC
Chicago, IL
Flanagan - Bilton LLC | Chicago, IL
Job Title. Primary responsibilities include daily research and support to a supervisory attorney, including maintaining and organizing the calendar, appeal... more
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Old National Bancorp
Chicago, IL
Old National Bancorp | Chicago, IL
Third-Party Risk Management Senior Analyst. The Third-Party Risk Management (TPRM) Senior Analyst is responsible for executing third-party risk management ... more
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