Risk Analyst Jobs in Philadelphia, PA
Risk Analyst Salary in Philadelphia
Risk Analyst salaries in Philadelphia are in line with national averages, offering competitive compensation for the region.
Purchasing power in Philadelphia is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Risk Analyst Job Market in Philadelphia
Philadelphia, PA is a major regional employment hub for Risk Analyst professionals. With a population of 1.6 million, the Philadelphia-Camden-Wilmington metro area offers diverse opportunities across multiple industries. 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 Philadelphia
Major employers hiring Risk Analysts in Philadelphia include City of Philadelphia, SEPTA, Comcast, Independence Blue Cross. 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 Philadelphia
Living in Philadelphia 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 $1,900/month. Housing costs are manageable for Risk Analyst salaries in the area. Suburban apartments average $1,400/month, offering significant savings with slightly longer commutes.
Commuting as a Risk Analyst in Philadelphia
Philadelphia SEPTA subway, trolley, regional rail, and bus network. The average commute time is 32 minutes. Regional Rail connects to suburbs and New Jersey. Subway lines are efficient for Center City commutes.
Best neighborhoods for Risk Analysts in Philadelphia: 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 Pennsylvania
Pennsylvania 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 Philadelphia is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. Philadelphia'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 Philadelphia, PA?
The average Risk Analyst salary in Philadelphia, PA 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 Philadelphia?
Philadelphia has a strong job market with regular openings for Risk Analyst professionals. Major employers hiring Risk Analysts include City of Philadelphia, SEPTA, Comcast, Independence Blue Cross. The Healthcare and Education sectors drive much of the demand in this market.
Is Philadelphia a good city for Risk Analysts?
Philadelphia 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 Philadelphia?
Top skills for Risk Analysts in Philadelphia 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 Philadelphia?
Philadelphia's cost of living is near the national average (102% of baseline). Average rent for a 1-bedroom apartment is approximately $1,900/month. Purchasing power in Philadelphia is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Risk Analysts in Philadelphia?
Philadelphia SEPTA subway, trolley, regional rail, and bus network. The average commute is 32 minutes. Regional Rail connects to suburbs and New Jersey.
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