Climate Risk Analyst.
Indianapolis.
$84,000
median salary, 9% below the national average
$64,000 to $111,000. Updated for 2026.
The numbers.
Everything you need to negotiate with confidence.
If you are evaluating a Climate Risk Analyst offer in Indianapolis, IN, here is the reality: $64,000 to $111,000, with $84,000 as the midpoint. 9% below the national average. Quantitative modeling expertise, familiarity with TCFD and SEC climate disclosure frameworks, and experience in financial services or insurance create the largest pay premiums. Do not accept the first number.
Salary range
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How Indianapolis compares
Indianapolis, IN
$84,000
Cost of living: 9% below average
National Average
$92,000
Indianapolis is $8,000 below
What you should know
Here is what the Climate Risk Analyst market actually looks like in Indianapolis. Indianapolis has a diversified economy led by healthcare, life sciences, and motorsports engineering. Eli Lilly's headquarters drives a major pharmaceutical and biotech cluster. The city's extremely affordable cost of living means that even moderate salaries deliver strong purchasing power, making it an underrated destination for professionals seeking financial stability. Quantitative modeling expertise, familiarity with TCFD and SEC climate disclosure frameworks, and experience in financial services or insurance create the largest pay premiums. Analysts who can translate physical and transition climate risks into financial impact models are highly compensated.
Junior Climate Risk Analysts start at $70,000 to $82,000. Mid-level analysts with regulatory expertise earn $88,000 to $108,000. Senior Analysts and Climate Risk Managers command $110,000 to $140,000, while Directors and Heads of Climate Risk at banks exceed $165,000. In Indianapolis, 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. Analysts at financial institutions often receive bonuses of 15 to 30% based on team and individual performance. RSUs at public companies can add $10,000 to $35,000. The field's rapid growth means strong negotiating leverage for experienced candidates. And on the tax side: indiana has a flat 3.05% state income tax, one of the lowest in the country. Marion County adds about 2.02% in local taxes. The combined rate remains well below most major metros. When someone quotes you $84,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: Benchmark against pharmaceutical industry pay scales. Eli Lilly and the biotech cluster set high compensation floors that ripple across all professional roles in Indianapolis. The range for Climate Risk Analysts in Indianapolis runs from $64,000 to $111,000. That is not a narrow window. Where you land inside it depends almost entirely on whether you negotiate and how well you prepare.
Top industries in Indianapolis
Negotiating in Indianapolis
Benchmark against pharmaceutical industry pay scales. Eli Lilly and the biotech cluster set high compensation floors that ripple across all professional roles in Indianapolis.