Risk Analyst Jobs in Madison, WI
About Risk Analyst Jobs in Madison
Looking for a Risk Analyst job in Madison? You're in the right place. This guide covers everything you need to know about working as a Risk Analyst in Madison, WI.
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.
Madison 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 Madison
Risk Analyst salaries in Madison are in line with national averages, offering competitive compensation for the region.
Purchasing power in Madison is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Risk Analyst Job Market in Madison
Madison, WI is a growing job market with increasing opportunities for Risk Analyst professionals. Though smaller than coastal metros, Madison offers focused opportunities and often better work-life balance. While Education 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 Madison
Major employers hiring Risk Analysts in Madison include State of Wisconsin, City of Madison, Madison Metro. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Risk Analysts in Madison
Living in Madison 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 $1,400/month (22% below the national average). At median Risk Analyst salary, housing is quite affordable at 19% of gross income, leaving room for savings and lifestyle spending. Suburban apartments average $1,100/month, offering significant savings with slightly longer commutes.
Commuting as a Risk Analyst in Madison
Madison 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 Madison: 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 Wisconsin
Wisconsin has relatively high state income taxes. A Risk Analyst earning $86,700 might pay approximately $6,936 in state income tax. However, Wisconsin's strong job market and quality of life often offset the higher tax burden.
Career Outlook for Risk Analysts
The job outlook for Risk Analysts in Madison is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. While the market is smaller, Madison offers opportunities for those seeking specialized roles or better work-life balance. In-demand skills include Risk Assessment, Data Analysis, Financial Modeling, Regulatory Knowledge.
Relocating to Madison
Wisconsin has higher state income taxes. Factor this into salary negotiations, as gross salary comparisons can be misleading.
Frequently Asked Questions
What is the average Risk Analyst salary in Madison, WI?
The average Risk Analyst salary in Madison, WI is $86,700 per year. Entry-level Risk Analysts typically start around $56,355, while experienced professionals can earn $123,165 or more. The national average for Risk Analyst roles is $85,000.
How many Risk Analyst jobs are available in Madison?
Madison has a growing job market with steady opportunities for Risk Analyst professionals. Major employers hiring Risk Analysts include State of Wisconsin, City of Madison, Madison Metro. The Education and Healthcare sectors drive much of the demand in this market.
Is Madison a good city for Risk Analysts?
Madison is an excellent choice for Risk Analysts. While not as large as coastal metros, it offers solid opportunities and often better work-life balance. The cost of living is reasonable compared to major coastal cities. The city's education industry creates strong demand for business & operations professionals.
What skills are most in-demand for Risk Analysts in Madison?
Top skills for Risk Analysts in Madison 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 Madison?
Madison's cost of living is near the national average (102% of baseline). Average rent for a 1-bedroom apartment is approximately $1,400/month. Purchasing power in Madison is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Risk Analysts in Madison?
Madison Limited public transit options; car recommended for most commutes. The average commute is 25 minutes. Research employer-specific shuttle services.
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