What's your job title? *
Trends & Outlook
Emerging Trends
- •
Advances in artificial intelligence and machine learning are expected to automate up to 25% of routine risk assessment tasks by 2025, creating new roles requiring advanced analytics skills.
- •
Investment in risk technology is projected to reach $18 billion globally by 2026, emphasizing the importance of tech literacy for future risk analysts. (IDC)
- •
Reskilling initiatives and online certifications in data analysis, cybersecurity, and AI will be critical for adapting to the evolving risk landscape, with an estimated 30% of roles requiring skill upgrades within the next three years. (World Economic Forum)
In-Demand Skills
- •
Proficiency in data analysis tools such as SQL and Python is required in 85% of risk analyst job postings, with familiarity in risk assessment software like SAS or SAP being highly desirable.
- •
Soft skills such as critical thinking, problem-solving, and communication are rated as top priorities by 78% of employers hiring risk analysts. (Indeed Hiring Insights)
- •
Certifications like FRM (Financial Risk Manager) and PRM (Professional Risk Manager) are held by approximately 40% of risk analysts, with a 15% increase in certifications obtained annually over the past two years. (GARP)
Industry Expansion
- •
The risk analysis and management industry is expected to expand at a CAGR of 9% from 2023 to 2028, fueled by increasing need for corporate risk mitigation and compliance measures.
- •
Entry-level risk analyst positions account for approximately 60% of openings, with senior roles making up the remaining 40%, and a typical career advancement path is expected to grow by 15% over the next five years.
Overview
- •
The global risk management market was valued at approximately $20 billion in 2022 and is projected to reach $32 billion by 2028, growing at a CAGR of 8% between 2023 and 2028, driven by increasing regulatory requirements and economic uncertainties.
- •
Demand for risk analysts has increased notably in financial hubs such as New York, London, and Hong Kong, with over 7,500 job postings identified in 2023, reflecting a 12% rise compared to the previous year. (Glassdoor)
Salary Insights
- •
The average annual salary for risk analysts in the United States is approximately $75,000, with regional variations such as $85,000 in New York and $70,000 in Chicago. (Glassdoor)
- •
Senior risk analysts and those with specialized skills can command salaries exceeding $100,000 annually, especially in financial services and consulting sectors. (PayScale)
- •
Overall compensation trends indicate a 5% annual increase over the past three years, primarily driven by demand for technologically skilled risk management professionals. (Mercer)
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.
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.