Risk Management Analyst Salaries in Illinois
How Much Does a Risk Management Analyst Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Risk Management Analyst in Illinois is $65,836.
While Salary.com is seeing that Risk Management Analyst salary in IL can go up to $82,347
or down to $49,468, but most earn between $57,268 and $74,479.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Risk Management Analyst
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Similar Job Salaries to Risk Management Analyst by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Rotary
Senior Insurance & Risk Management Analyst
|
$116,264/yr
|
RANGE: $105,671 - $126,857
|
|
Discover
Lead Analyst - Technology Risk Management
|
$91,790/yr
|
RANGE: $84,034 - $99,546
|
|
DISCOVER
Lead Analyst - Cybersecurity Risk Management
|
$97,569/yr
|
RANGE: $88,030 - $107,108
|
|
Rotary International
Senior Insurance & Risk Management Analyst
|
$116,264/yr
|
RANGE: $105,671 - $126,857
|
|
Discover Financial Services
Lead Analyst - Cybersecurity Risk Management
|
$97,569/yr
|
RANGE: $88,030 - $107,108
|
|
Cognizant
Consulting Analyst - Financial Risk Management
|
$114,169/yr
|
RANGE: $104,697 - $123,640
|
|
Lensa
Sr. Analyst, Risk Management - Market Risk (Remote Consideration)
|
$86,193/yr
|
RANGE: $78,256 - $94,131
|
|
Walgreen Co
Security Analyst III (Strategy/Risk Management)
|
$87,758/yr
|
RANGE: $79,595 - $95,922
|
|
BMO Financial Group
Business Analyst - (Banking / Risk Management / SDLC)
|
$96,228/yr
|
RANGE: $86,679 - $105,777
|
|
ABN AMRO Clearing USA LLC
Associate, Information Technology & Operational Risk Management Analyst
|
$93,041/yr
|
RANGE: $84,087 - $101,994
|
Top 10 Highest Paying Cities For Risk Management Analyst Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Risk Management Analyst can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Risk Management Analyst job salaries in Illinois.
Some cities can pay higher salaries for Risk Management Analyst jobs, which can indicate that there is a large demand for Risk Management Analyst positions in this city.
The following table shows top 10 cities where the Risk Management Analyst salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Risk Management Analyst salary is $66,747 in Chicago,
which is higher than the national average. There are 20 cities' Risk Management Analyst salary higher than national average in Illinois.
The average salary for a Risk Management Analyst in Illinois is $65,836,
but we found that the city with the highest salary for Risk Management Analyst jobs is Chicago, IL, and it is higher than Cicero.
Risk Management Analyst jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $66,747 | $5,562 | $1,284 | $32 |
| Cicero | $66,747 | $5,562 | $1,284 | $32 |
| Oak Park | $66,747 | $5,562 | $1,284 | $32 |
| Evanston | $66,721 | $5,560 | $1,283 | $32 |
| Skokie | $66,721 | $5,560 | $1,283 | $32 |
| Oak Lawn | $66,669 | $5,556 | $1,282 | $32 |
| Des Plaines | $66,566 | $5,547 | $1,280 | $32 |
| Mount Prospect | $66,514 | $5,543 | $1,279 | $32 |
| Aurora | $66,230 | $5,519 | $1,274 | $32 |
| Hoffman Estates | $66,172 | $5,514 | $1,273 | $32 |
What Does a Risk Management Analyst Do?
Certain risk management standards have been criticized for having no measurable improvement on risk, whereas the confidence in estimates and decisions seems to increase.
Updated November 10, 2021
This use of the ACAT acronym is reminiscent of another ACAT (for Acquisition Category) used in US Defense industry procurements, in which Risk Management figures prominently in decision making and planning.
Updated December 19, 2021
Norwegian academic Petri Keskitalo defines "contractual risk management" as "a practical, proactive and systematical contracting method that uses contract planning and governance to manage risks connected to business activities".
Updated December 19, 2021
Further, diagrammatic representations of hazardous events are often expected by governmental regulators as part of risk management in safety case submissions; these are known as.
Updated December 17, 2021
A good risk management structure should also calculate the uncertainties and predict their influence on a business.
Updated December 13, 2021
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Explore JobArchitectFrequently Asked Questions About a Risk Management Analyst Salaries
What is the average of a Risk Management Analyst in Illinois?
The Risk Management Analyst salary range is from $57,268 to $74,479, and the average Risk Management Analyst salary is $65,836/year in Illinois.
The Risk Management Analyst's salary will change in different locations.
Which location pays the highest Risk Management Analyst salary in the United States?
The Risk Management Analyst salary in San Jose, CA is $81,467
which is the highest in the US.
What kinds of reasons will influence the Risk Management Analyst's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Risk Management Analyst.
What is the growth rate of the Risk Management Analyst's salary?
If you are thinking of becoming a Risk Management Analyst or planning the next step in your career, find the detailed salary report of a Risk Management Analyst.
