Risk Analyst Jobs in Milwaukee, WI
About Risk Analyst Jobs in Milwaukee
Looking for a Risk Analyst job in Milwaukee? You're in the right place. This guide covers everything you need to know about working as a Risk Analyst in Milwaukee, 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.
Milwaukee 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 Milwaukee
Risk Analyst salaries in Milwaukee are in line with national averages, offering competitive compensation for the region.
Purchasing power in Milwaukee is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Risk Analyst Job Market in Milwaukee
Milwaukee, WI is a major regional employment hub for Risk Analyst professionals. As a mid-sized metro with 577K residents, Milwaukee balances career opportunities with quality of life. While Manufacturing 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 Milwaukee
Major employers hiring Risk Analysts in Milwaukee include City of Milwaukee, MCTS, We Energies, Milwaukee Public Schools. 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 Milwaukee
Living in Milwaukee as a Risk Analyst means navigating a cost of living that's close to the national average. Average rent for a 1-bedroom apartment is approximately $1,200/month (33% below the national average). At median Risk Analyst salary, housing is quite affordable at 18% of gross income, leaving room for savings and lifestyle spending. Suburban apartments average $950/month, offering significant savings with slightly longer commutes.
Commuting as a Risk Analyst in Milwaukee
Milwaukee 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 Milwaukee: 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 $79,900 might pay approximately $6,392 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 Milwaukee is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. Milwaukee'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.
Relocating to Milwaukee
Milwaukee's affordable cost of living means your Risk Analyst salary will stretch further than in major coastal cities. Many professionals relocate here for better quality of life. 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 Milwaukee, WI?
The average Risk Analyst salary in Milwaukee, WI is $79,900 per year. Entry-level Risk Analysts typically start around $51,935, while experienced professionals can earn $113,505 or more. The national average for Risk Analyst roles is $85,000.
How many Risk Analyst jobs are available in Milwaukee?
Milwaukee has a strong job market with regular openings for Risk Analyst professionals. Major employers hiring Risk Analysts include City of Milwaukee, MCTS, We Energies, Milwaukee Public Schools. The Manufacturing and Healthcare sectors drive much of the demand in this market.
Is Milwaukee a good city for Risk Analysts?
Milwaukee is an very good choice for Risk Analysts. As a major metro area, it offers abundant opportunities and competitive salaries. The affordable cost of living means salaries go further than in more expensive markets. The city's manufacturing industry creates strong demand for business & operations professionals.
What skills are most in-demand for Risk Analysts in Milwaukee?
Top skills for Risk Analysts in Milwaukee 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 Milwaukee?
Milwaukee's cost of living is near the national average (94% of baseline). Average rent for a 1-bedroom apartment is approximately $1,200/month. Purchasing power in Milwaukee is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Risk Analysts in Milwaukee?
Milwaukee Limited public transit options; car recommended for most commutes. The average commute is 25 minutes. Research employer-specific shuttle services.
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