Does market risk pay well?
Because of the difference in functions between the two, market risk analysts also do not get quite as much in bonuses. All in all market risk analysts can hope to net between 105k to 115k in total compensation.
The average Market Risk Analyst in the US makes $140,742. The average bonus for a Market Risk Analyst is $42,000 which represents 42.54% of their salary, with 5% of people reporting that they receive a bonus each year.
There is tremendous scope to build a career within market risk, especially if you want to work and live in a major financial center such as London, New York, or Singapore.
There is strong promotion potential into the manager level if you are a seasoned risk analyst since an investment company or bank will often draw from internal employees who cannot only understand risk management but also have a strong knowledge of the organization.
The average market risk analyst salary in the United Kingdom is £55,000 per year or £28.21 per hour. Entry level positions start at £44,305 per year while most experienced workers make up to £85,000 per year.
Risk Analyst salary in India ranges between ₹ 2.0 Lakhs to ₹ 18.0 Lakhs with an average annual salary of ₹ 7.4 Lakhs. Salary estimates are based on 5.6k latest salaries received from Risk Analysts.
$122K (Median Total Pay)
The average Market Risk Associate base salary at Goldman Sachs is $106K per year.
| On-the-Job Training | Not formally provided, but experience acquired through time on the job |
|---|---|
| Key Skills | Computer competency, critical and analytical thinking, excellent judgment and decision making, attention to detail, strong mathematical foundation |
Hours - 8-8 usually with no weekends. There will be the occasional 10pm night but it is rare.
Market risk analysts use their experience and industry or market knowledge to advise about potential investments. They provide companies or investors with information on market trends and need an overall grasp of their research industry to provide clients with a comprehensive market assessment.
How does market risk work?
In essence, market risk is the risk arising from changes in the markets to which an organization has exposure. Risk management is the process of identifying and measuring risk and ensuring that the risks being taken are consistent with the desired risks.
Role description:
The role will be focused primary on the production of the Market Risk Management Information (including but not limited to committee materials, Market Risk Management updates, KRIs reporting, etc.), as well as day-to day operational support of the Market Risk Management function.
The very nature of their role, which demands constant vigilance, analytical thinking, and a proactive approach to emerging risks, can lead to a high-stress environment.
Risk Management Salaries in London
The average salary for Risk Management is £86,190 per year in the London. The average additional cash compensation for a Risk Management in the London is £11,261, with a range from £5,210 - £24,339.
Risk analysts typically hold bachelor's degrees in finance, economics, accounting, business or mathematics. Some pursue graduate study, and many earn CRA or CFA certifications. Along with formal qualifications, these professionals need good numeracy and strong communication, analysis and decision-making skills.
As of Feb 20, 2024, the average annual pay for a Market Risk Analyst in the United States is $108,333 a year. Just in case you need a simple salary calculator, that works out to be approximately $52.08 an hour. This is the equivalent of $2,083/week or $9,027/month.
Average J.P. Morgan Risk Analyst yearly pay in the United Kingdom is approximately £62,954, which is 56% above the national average. Salary information comes from 12 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.
- Step One: Earn a bachelor's degree. ...
- Step Two: Consider a master's degree in data analytics, accounting, or information technology. ...
- Step Three: Apply for data analytics jobs and gain experience in the workplace.
As of Mar 6, 2024, the average annual pay for a Risk Management Analyst in New York is $81,328 a year. Just in case you need a simple salary calculator, that works out to be approximately $39.10 an hour. This is the equivalent of $1,564/week or $6,777/month.
Job outlook for risk analysts in the Unites States
The projected risk analyst job growth rate is 9% from 2018-2028. About 31,900 new jobs for risk analysts are projected over the next decade. Risk analyst salaries have increased 9% for risk analysts in the last 5 years.
Is CFA good for risk analyst?
It is best suited for roles in risk management, asset management, corporate treasury, and financial control. The CFA curriculum is broader and covers a wide range of finance topics like corporate finance, portfolio management, accounting, economics, and quantitative methods.
The average Market Risk Associate base salary at J.P. Morgan is £78K per year. The average additional pay is £20K per year, which could include cash bonus, stock, commission, profit sharing or tips.
$198K (Median Total Pay)
The average Vice President Risk Management base salary at Goldman Sachs is $164K per year. The average additional pay is $34K per year, which could include cash bonus, stock, commission, profit sharing or tips.
The estimated total pay range for a Investment Associate at BlackRock is £58K–£100K per year, which includes base salary and additional pay. The average Investment Associate base salary at BlackRock is £65K per year.
The most common types of market risks include interest rate risk, equity risk, currency risk, and commodity risk. Interest rate risk covers the volatility that may accompany interest rate fluctuations due to fundamental factors, such as central bank announcements related to changes in monetary policy.
