Risk Modeling Analyst Salaries in Illinois
How Much Does a Risk Modeling Analyst Make in Illinois?
Updated December 01, 2024
As of December 01, 2024,
the average annual pay of Risk Modeling Analyst in Illinois is $82,572.
While Salary.com is seeing that Risk Modeling Analyst salary in IL can go up to $103,113
or down to $61,835, but most earn between $71,718 and $93,324.
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 Modeling Analyst
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy.
If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.
Choose a prefer time
Choose Your Preferred Time
All times are listed as US Eastern time (Boston/New York)
-
9:00 AM-9:30 AM
-
9:30 AM-10:00 AM
-
10:00 AM-10:30 AM
-
10:30 AM-11:00 AM
-
11:00 AM-11:30 AM
-
11:30 AM-12:00 PM
-
12:00 PM-12:30 PM
-
12:30 PM-1:00 PM
-
1:00 PM-1:30 PM
-
1:30 PM-2:00 PM
-
2:00 PM-2:30 PM
-
2:30 PM-3:00 PM
-
3:00 PM-3:30 PM
-
3:30 PM-4:00 PM
-
4:00 PM-4:30 PM
-
4:30 PM-5:00 PM
-
5:00 PM-5:30 PM
-
5:30 PM-6:00 PM
-
6:00 PM-6:30 PM
-
6:30 PM-7:00 PM
-
7:00 PM-7:30 PM
-
7:30 PM-8:00 PM
Similar Job Salaries to Risk Modeling Analyst by Company
Loading results...
| Company | average base salary in (usd) | range |
|---|---|---|
|
Lennox International
Analyst - System Modeling
|
$130,258/yr
|
RANGE: $111,667 - $148,849
|
|
Accord Technologies Inc
Risk Analyst
|
$99,864/yr
|
RANGE: $83,879 - $115,848
|
|
Midland States Bank
Operations Risk Analyst
|
$86,031/yr
|
RANGE: $74,078 - $97,985
|
|
Duff & Phelps Investment Management Co.
Risk & Performance Analyst
|
$103,807/yr
|
RANGE: $89,954 - $117,659
|
|
PayPal, Inc.
Cybersecurity Risk Analyst
|
$145,980/yr
|
RANGE: $128,162 - $163,798
|
|
CIBC Bank USA
Sr. Analyst, Risk Analytics
|
$116,802/yr
|
RANGE: $100,817 - $132,788
|
|
PayPal
Cybersecurity Risk Analyst
|
$145,980/yr
|
RANGE: $128,162 - $163,798
|
|
Integrated Resources, Inc ( IRI )
Compliance Analyst I - Risk and Compliance
|
$74,216/yr
|
RANGE: $65,002 - $83,430
|
|
US Tech Solutions
Compliance Analyst I - Risk and Compliance
|
$74,216/yr
|
RANGE: $65,002 - $83,430
|
|
Aon
US Commercial Risk Operations Analyst
|
$103,286/yr
|
RANGE: $89,532 - $117,040
|
Top 10 Highest Paying Cities For Risk Modeling 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 Modeling 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 Modeling Analyst job salaries in Illinois.
Some cities can pay higher salaries for Risk Modeling Analyst jobs, which can indicate that there is a large demand for Risk Modeling Analyst positions in this city.
The following table shows top 10 cities where the Risk Modeling Analyst salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Evanston.
The Risk Modeling Analyst salary is $84,670 in Chicago,
which is higher than the national average. There are 20 cities' Risk Modeling Analyst salary higher than national average in Illinois.
The average salary for a Risk Modeling Analyst in Illinois is $82,572,
but we found that the city with the highest salary for Risk Modeling Analyst jobs is Chicago, IL, and it is higher than Cicero.
Risk Modeling 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 | $84,670 | $7,056 | $1,628 | $41 |
| Cicero | $84,670 | $7,056 | $1,628 | $41 |
| Evanston | $84,670 | $7,056 | $1,628 | $41 |
| Oak Park | $84,670 | $7,056 | $1,628 | $41 |
| Skokie | $84,670 | $7,056 | $1,628 | $41 |
| Oak Lawn | $84,590 | $7,049 | $1,627 | $41 |
| Des Plaines | $84,428 | $7,036 | $1,624 | $41 |
| Mount Prospect | $84,348 | $7,029 | $1,622 | $41 |
| Aurora | $83,944 | $6,995 | $1,614 | $40 |
| Hoffman Estates | $83,944 | $6,995 | $1,614 | $40 |
What Does a Risk Modeling Analyst Do?
While the approaches we study all have their merits and have comparable accuracy levels, we believe that to improve default prediction accuracy and to expand the field of credit risk modeling in general, efforts should focus on the data dimension.
Updated December 09, 2021
The bank is looking to hire a highly motivated candidate with a strong quantitative skillset who can assist with retail credit risk modeling and monitoring, and can be a key point person for all PD, LGD, EAD analytics.
Updated December 03, 2021
Perform daily statistical analyses (e.g., risk analytics, loan pricing and default risk modeling) and coding tasks (e.g., pattern recognition or machine learning).
Updated October 16, 2021
With the continuous evolution of technology, banks are continually researching and developing effective ways of modeling credit risk.
Updated December 21, 2021
At startups and other small organizations, it is not uncommon for a data analyst to take on some of the predictive modeling or decision-making responsibilities that may otherwise be assigned to a data scientist.
Updated December 19, 2021
Empower Your Talent Strategy with Salary.com's Skills Library.
Struggling with Managing Your Job Descriptions?
View Job Skills and Competency Data for more than 15,000 Job Titles, 18 Industries, and 26 Job Families.
Skills LibraryOur job description management tool- JobArchitect streamlines your job description process. Say goodbye to the hassle of crafting job descriptions.
Explore JobArchitectFrequently Asked Questions About a Risk Modeling Analyst Salaries
What is the average of a Risk Modeling Analyst in Illinois?
The Risk Modeling Analyst salary range is from $71,718 to $93,324, and the average Risk Modeling Analyst salary is $82,572/year in Illinois.
The Risk Modeling Analyst's salary will change in different locations.
Which location pays the highest Risk Modeling Analyst salary in the United States?
The Risk Modeling Analyst salary in San Jose, CA is $101,298
which is the highest in the US.
What kinds of reasons will influence the Risk Modeling 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 Modeling Analyst.
What is the growth rate of the Risk Modeling Analyst's salary?
If you are thinking of becoming a Risk Modeling Analyst or planning the next step in your career, find the detailed salary report of a Risk Modeling Analyst.
