Risk Analyst.
Providence.
$98,000
median salary, 3% above the national average
$74,000 to $129,000. Last updated April 2026.
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Data points to own the conversation.
If you are evaluating a Risk Analyst offer in Providence, RI, here is the reality: $74,000 to $129,000, with $98,000 as the midpoint. 3% above the national average. Risk domain specialization and quantitative skill depth drive salary variance. Do not accept the first number.
Salary range
Where do you fall?
Salary by experience
The gap between entry and lead level is typically $88,000. Where you land depends on years of experience and what you bring to the table.
Entry (0-2 yrs)
$64,000
to $78,000
Mid (3-5 yrs)
$83,000
to $103,000
Senior (6-9 yrs)
$108,000
to $127,000
Lead (10+ yrs)
$123,000
to $152,000
Salary trend
+3% YoYTotal compensation
Base salary is not the full picture. Equity, bonus, and signing can add $26,000 to the total package.
Base
$98,000
Equity
$15,000
Bonus
$9,000
Signing
$2,000
Estimated total: $124,000
How Providence compares
Providence, RI
$98,000
Cost of living: 4% above average
National Average
$95,000
Providence is $3,000 above
Risk Analyst salary by city
Salary by role in Providence
What you should know
Here is what the Risk Analyst market actually looks like in Providence. Providence sits between Boston and New York, benefiting from both labor markets. The city's economy is driven by healthcare, higher education, and a growing design and creative sector anchored by RISD. Defense and marine industries also contribute to the local job market. Risk domain specialization and quantitative skill depth drive salary variance. Market risk and credit risk analysts at large banks earn 15 to 25% more than operational risk analysts. Proficiency in Python, R, SAS, and Monte Carlo simulation techniques separates higher-paid analysts from those using primarily spreadsheet-based approaches.
Junior risk analysts start at $62,000 to $78,000. Mid-level risk analysts earn $85,000 to $115,000. Senior risk analysts and team leads reach $115,000 to $150,000. Risk managers earn $140,000 to $190,000, with chief risk officers at large institutions commanding $250,000 to $500,000. In Providence, cost of living sits near the national average, so the numbers you see are roughly what you keep.
Base salary is not the full picture. Annual bonuses of 10 to 25% are standard, with banking sector risk analysts earning the highest variable pay. Total compensation at bulge bracket banks can reach $130,000 to $180,000 for mid-level analysts. Some firms offer deferred compensation tied to risk management outcomes. And on the tax side: rhode Island's top income tax rate is 5.99%. Providence has no city income tax. The state rate is moderate for the Northeast, and proximity to Boston creates competitive salary pressure. When someone quotes you $98,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: Reference Boston salary benchmarks. Providence employers know they compete for talent with Boston and will often offer 85 to 95% of Boston rates to attract professionals. The range for Risk Analysts in Providence runs from $74,000 to $129,000. That is not a narrow window. Where you land inside it depends almost entirely on whether you negotiate and how well you prepare.
Sources: SEC filings, H-1B LCA (DOL), BLS OES, 50+ job posting platforms. COL: BEA Regional Price Parities (2025). Data verified by Justin Bartak, Founder & Chief AI Officer. Last verified April 8, 2026. Full methodology
Considering a related role?
- A Account Executive in Providence earns $97,000 (1% less)
- The highest-paying role in Providence is Chief AI Officer at $332,000
Common questions.
Risk Analyst salary in other cities
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