SkillsU logo

Create Job Role

Emerging Trends

  • The adoption of artificial intelligence and machine learning in risk assessment tools is anticipated to grow by over 20% annually, transforming how risks are identified and mitigated. (McKinsey & Company)

  • Global investment in risk management technology is projected to reach $15 billion annually by 2025, indicating substantial opportunities for professionals with advanced analytics and tech skills.

  • Reskilling initiatives, including specialized training in predictive analytics, cybersecurity, and financial modeling, are expected to expand, enabling risk professionals to adapt to rapidly evolving threat landscapes. (World Economic Forum)

In-Demand Skills

  • Proficiency in data analysis and programming tools such as SQL, Python, and R is required in over 85% of risk analyst job postings, emphasizing technical expertise in quantifying risk. (Indeed Hiring Insights)

  • Soft skills such as critical thinking, communication, and problem-solving are ranked among the top 5 skills required, with 78% of employers seeking strong interpersonal and analytical skills.

  • Certifications like FRM (Financial Risk Manager) and CRM (Certification in Risk Management) are held by approximately 60% of senior risk analysts, highlighting their importance for career advancement. (GARP (Global Association of Risk Professionals))

Industry Expansion

  • The risk analysis and management industry is projected to grow significantly, with a forecasted market expansion from $14.2 billion in 2022 to over $22 billion by 2028, reflecting a CAGR of approximately 8.2%. (Statista)

  • Job growth for risk analysts is expected to increase by 14% from 2022 to 2032, which is much faster than the average for all occupations, according to the U.S. Bureau of Labor Statistics. (Bureau of Labor Statistics)

Overview

  • The global risk management market was valued at approximately $14.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% from 2023 to 2030, driven by increasing financial regulations and cyber threats. (Grand View Research)

  • Major geographic hotspots for risk management professionals include New York, London, Singapore, and Hong Kong, where financial and insurance sectors are highly concentrated, creating high demand for risk-related roles. (LinkedIn Workforce Report)

Salary Insights

  • The median annual salary for risk analysts is approximately $78,000, with entry-level positions earning between $60,000 and $75,000, and senior roles reaching over $120,000 depending on experience and location. (Glassdoor)

  • Regional salary variations indicate higher compensation in financial hubs; for example, risk analysts in New York earn on average 20% more than the national median, driven by high demand in banking and insurance industries. (PayScale)

Interested in This Role?

Create your free profile and receive the latest career opportunities directly in your inbox.

We've supported professionals at some of the world's leading companies.

Accenture logoEY logoPublics Group logoKPMG logoGoogle logoNetflix logoBCG logoCognizant logoMicrosoft logo

Ready to Get Started?

Talk to our team of training & coaching specialists, we are here to help.

All of Our Programs

Have Questions?

Talk to our team, we are happy to help you get set up.

Book a Demo

Trainer, Coach or Consultant?

Apply to join our global network of expert trainers, consultants and coaches, and start earning from your expertise.

Find out more

Interested in Partnerships?

Please complete our contact form with your contact details, and our team will be in touch.

Join Our Community

Get the latest insights, trends and resources on how the world's best coaches and trainers develop potential.