Salary Levels by Experience
| Experience Level | Salary Range | Est. Annual Net |
|---|---|---|
| Junior Risk Analyst | $67,000–$82,000 | ~$57,072 |
| Risk Analyst II | $79,000–$102,000 | ~$67,528 |
| Senior Risk Analyst | $100,000–$128,000 | ~$82,885 |
| Risk Manager / VP | $126,000–$172,000 | ~$105,144 |
Tax Breakdown at $95,000 (Bi-Weekly)
| Component | Per Paycheck | Annual | % of Gross |
|---|---|---|---|
| Gross Pay | $3,653.85 | $95,000 | 100% |
| Federal Income Tax | −$481.31 | −$12,514 | 13.2% |
| MA State Income Tax | −$182.69 | −$4,750 | 5.0% |
| FICA (SS + Medicare) | −$279.54 | −$7,268 | 7.7% |
| Net Take-Home | $2,710 | ~$70,468 | 74.2% |
What Drives Risk Analyst Pay in Boston
Risk analysts in NYC identify, quantify, and help mitigate financial, operational, and market risks for banks, insurance companies, and asset managers. Following post-2008 regulatory reforms, demand for risk professionals across Wall Street has grown substantially and remains strong.
New York's major banks and financial institutions are required by regulators like the Federal Reserve and OCC to maintain robust risk management functions, creating steady demand for skilled risk analysts. Specializations in credit risk, market risk, or operational risk can significantly influence compensation. FRM or PRM certification adds measurable value in the job market.
- Risk specialization: credit, market, or operational
- FRM or PRM professional certification
- Bank vs. insurance vs. consulting environment
- Regulatory experience (Basel, Dodd-Frank)
Top Boston Employers
Major employers hiring risk analysts in Boston include: State Street, Fidelity Investments, Liberty Mutual, Putnam Investments.
Tax note: A $102,000 salary in NYC results in roughly $66,000–$70,000 in annual take-home pay after federal, New York State, and NYC local income taxes, plus Social Security and Medicare contributions.
Frequently Asked Questions
A risk analyst earning $95,000 in Boston takes home approximately $70,468 per year, or $2,710 per bi-weekly paycheck, after all taxes. The effective tax rate is 25.8%.
Boston risk analyst salaries range from $67,000–$82,000 at entry level to $126,000–$172,000 for senior professionals. The median mid-career salary is approximately $95,000.
Yes — risk management is one of the more stable career paths in Boston finance, as regulatory requirements ensure banks and insurers always need qualified risk professionals regardless of market conditions. While compensation rarely reaches the heights of trading or investment banking, senior risk managers and VPs earn competitive salaries with strong job security.
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