Risk Analyst Jobs in Baltimore, MD
About Risk Analyst Jobs in Baltimore
Looking for a Risk Analyst job in Baltimore? You're in the right place. This guide covers everything you need to know about working as a Risk Analyst in Baltimore, MD.
We'll show you what you can expect to earn. We'll also share which companies are hiring. Plus, you'll learn about the cost of living and how to get started in your job search.
Baltimore has a strong job market for Risk Analysts. Many employers are actively looking for talent. Read on to learn how to land your next role.
Risk Analyst Salary in Baltimore
Risk Analyst salaries in Baltimore are in line with national averages, offering competitive compensation for the region.
Purchasing power in Baltimore is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Risk Analyst Job Market in Baltimore
Baltimore, MD is a major regional employment hub for Risk Analyst professionals. As a mid-sized metro with 586K residents, Baltimore balances career opportunities with quality of life. While Healthcare leads the local economy, there's growing demand for Risk Analyst roles across various sectors. The market for Risk Analyst positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Risk Analysts in Baltimore
Major employers hiring Risk Analysts in Baltimore include State of Maryland, City of Baltimore, MTA Maryland, BGE. The strong financial services presence creates consistent demand for experienced Risk Analyst professionals, with competitive compensation packages. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Risk Analysts in Baltimore
Living in Baltimore as a Risk Analyst means navigating a cost of living that's slightly above the national average. Average rent for a 1-bedroom apartment is approximately $1,600/month. At median Risk Analyst salary, housing is quite affordable at 21% of gross income, leaving room for savings and lifestyle spending. Suburban apartments average $1,200/month, offering significant savings with slightly longer commutes.
Commuting as a Risk Analyst in Baltimore
Baltimore Limited public transit options; car recommended for most commutes. The average commute time is 25 minutes. Research employer-specific shuttle services. Consider living close to your workplace. Since transit options are limited, consider living close to your workplace or negotiating flexible hours to avoid peak traffic.
Best neighborhoods for Risk Analysts in Baltimore: Downtown (Central business district with tech companies); Tech Park/Campus (Suburban office park developments). Downtown is particularly popular among Risk Analyst professionals due to proximity to major employers and urban amenities.
Tax Considerations in Maryland
Maryland has moderate state income taxes. When evaluating offers, consider total compensation including benefits, not just base salary. Local cost of living typically has more impact on your finances than state tax differences.
Career Outlook for Risk Analysts
The job outlook for Risk Analysts in Baltimore is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. Baltimore's growing economy creates new positions regularly, often with less competition than coastal tech hubs. In-demand skills include Risk Assessment, Data Analysis, Financial Modeling, Regulatory Knowledge.
Frequently Asked Questions
What is the average Risk Analyst salary in Baltimore, MD?
The average Risk Analyst salary in Baltimore, MD is $90,950 per year. Entry-level Risk Analysts typically start around $59,118, while experienced professionals can earn $129,202 or more. The national average for Risk Analyst roles is $85,000.
How many Risk Analyst jobs are available in Baltimore?
Baltimore has a strong job market with regular openings for Risk Analyst professionals. Major employers hiring Risk Analysts include State of Maryland, City of Baltimore, MTA Maryland, BGE. The Healthcare and Education sectors drive much of the demand in this market.
Is Baltimore a good city for Risk Analysts?
Baltimore is an very good choice for Risk Analysts. As a major metro area, it offers abundant opportunities and competitive salaries. The cost of living is reasonable compared to major coastal cities. The city's healthcare industry creates strong demand for business & operations professionals.
What skills are most in-demand for Risk Analysts in Baltimore?
Top skills for Risk Analysts in Baltimore include Risk Assessment, Data Analysis, Financial Modeling, Regulatory Knowledge, Reporting. Employers value both technical expertise and soft skills like communication and teamwork.
What is the cost of living for Risk Analysts in Baltimore?
Baltimore's cost of living is near the national average (107% of baseline). Average rent for a 1-bedroom apartment is approximately $1,600/month. Purchasing power in Baltimore is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Risk Analysts in Baltimore?
Baltimore Limited public transit options; car recommended for most commutes. The average commute is 25 minutes. Research employer-specific shuttle services.
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