As of July 01, 2026, the average salary for a Model Risk Analyst in the United States is $108,246 per year, which breaks down to an hourly rate of $52.
However, a Model Risk Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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A Model 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 Model 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 |
|---|---|
| Entry Level Model Risk Analyst | $104,667 |
| Intermediate Level Model Risk Analyst | $104,944 |
| Senior Level Model Risk Analyst | $108,246 |
| Specialist Level Model Risk Analyst | $111,213 |
| Expert Level Model Risk Analyst | $111,425 |
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 Model Risk Analysts. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 9.69% |
| ERwin | 2.56% |
| Oracle | 1.83% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Networking
|
$121,236 |
12%
|
|
Data Structure
|
$115,823 |
7%
|
|
Agile
|
$113,658 |
5%
|
|
Data Warehousing
|
$113,658 |
5%
|
|
Data Integrity
|
$113,658 |
5%
|
|
Data Science
|
$112,576 |
4%
|
For Model Risk Analyst roles, the industry you choose can affect earning potential by as much as 65% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Construction sectors offer the strongest compensation, at 35% above the average. In contrast, Model Risk Analyst positions in Media or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Model Risk Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Software & Networking | $146,132 | $70.0 | 35% |
| Construction | $129,895 | $62.0 | 20% |
| Energy & Utilities | $124,483 | $60.0 | 15% |
| Pharmaceuticals | $124,483 | $60.0 | 15% |
| Aerospace & Defense | $119,071 | $57.0 | 10% |
Understanding how a Model 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.
Last Updated on July 01, 2026Salaries for a Model Risk Analyst can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $104,422 in 2023 to around $103,275 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Model Risk Analyst salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $104,422 |
| 2024 | $104,772 |
| 2025 | $103,275 |
| 2026 |
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|
| 2027 |
View More
|
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