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Average Banking Risk Analyst Salary in United Kingdom for 2026

A banking risk analyst in United Kingdom earns about 83,700 GBP a year. That's 20% above the national average of 69,700 GBP.

Pay ranges widely from country to country and from role to role. The lowest reported salaries in United Kingdom sit around 44,300 GBP a year, while the very top stretches to 123,800 GBP. Everything on this page is in British pound (GBP, symbol £), which lets you compare numbers like-for-like without worrying about exchange rates.

The numbers here are pulled together from official government wage data, large independent salary surveys, and aggregated worker-reported pay. Most reported salaries include the benefits that are common in United Kingdom, such as housing or transport allowances, which is worth keeping in mind if you're comparing against a country where those are usually paid on top.

To turn a gross salary in United Kingdom into a take-home figure, use our United Kingdom salary after tax calculator, which works the latest tax brackets and contributions through the math for you.

How much does a banking risk analyst make in United Kingdom?

Average salary
83,700 GBP
6,975 GBP per month
Lowest reported
44,300 GBP
3,691 GBP per month
Highest reported
123,800 GBP
10,316 GBP per month

A typical banking risk analyst working in United Kingdom brings home around 6,975 GBP a month before tax. Entry-level pay starts near 44,300 GBP, and the top of the ladder reaches roughly 123,800 GBP for the most experienced and specialised people in the role.

The wide gap between low end and top end reflects how much pay can vary inside the same job title. A junior banking risk analyst working at a small local employer earns very different money from a senior at a multinational. Skills, employer, city and years in the seat all push the number around. For a cross-country comparison, see the banking risk analyst salary in Guernsey or Jersey, both of which pay in the same currency.

How banking risk analyst pay ranges in United Kingdom

A good way to think about salary in United Kingdom is to look at the distribution rather than the headline average. Half of all banking risk analysts in United Kingdom earn less than 77,100 GBP a year, and the other half earn more. That middle number is the median, and it is usually more useful than the average for answering "is my pay normal here".

Looking at the quartiles fills in the picture. A quarter of earners take home less than 55,700 GBP (the 25th percentile), and a quarter clear 97,400 GBP (the 75th percentile). The middle 50% of banking risk analysts sit somewhere inside that band, which is where the typical reader of this page probably lives.

The very lowest reported salaries sit around 44,300 GBP. The highest stretch to 123,800 GBP, though only a small fraction of earners ever reach that level. If you are deciding whether your own offer or current pay is reasonable, work out which of those four bands you would fall into and use that as your reference point.

44,300
Low
77,100
Median
123,800
High
55,700
25th
97,400
75th
The middle 50% sit between the 25th and 75th percentile Tails are the lowest and highest reported All figures in GBP

Banking risk analyst pay by experience in United Kingdom

Years of experience is the single biggest lever on pay for a banking risk analyst in United Kingdom, ahead of education and almost any other single factor. The longer you have been in the role, the more your employer can trust you to handle complexity, mentor others and act independently, all of which command higher pay. The chart below shows how the typical banking risk analyst salary changes as you move through the career ladder.

  • 0-2 Years
    47,200 GBP
  • 2-5 Years
    +35% from previous
    63,500 GBP
  • 5-10 Years
    +34% from previous
    85,100 GBP
  • 10-15 Years
    +22% from previous
    103,600 GBP
  • 15-20 Years
    +9% from previous
    112,700 GBP
  • 20+ Years
    +3% from previous
    115,600 GBP

The single largest jump on the ladder is from 0 - 2 Years to 2 - 5 Years, where pay rises by about 35%. That is the point at which a banking risk analyst typically goes from "competent in the role" to "the person other people in the team learn from", and the market pays well for that step.

Banking risk analyst pay by education in United Kingdom

Education sits alongside experience as one of the biggest factors driving banking risk analyst pay in United Kingdom. Higher qualifications consistently pull higher salaries, but the size of the gap tends to be smallest at junior levels and widens as people move up. Two people in the same role with the same years of experience but different degrees can end up earning very different money once they reach mid-career.

Below is the average banking risk analyst salary in United Kingdom broken down by the highest level of education a worker has completed.

  • Bachelor's Degree
    70,100 GBP
  • Master's Degree
    +35% from previous
    94,500 GBP

Banking risk analyst gender pay gap in United Kingdom

The gender pay gap is a stubborn feature of almost every labour market, and United Kingdom is no exception. Male banking risk analysts in United Kingdom earn an average of 83,000 GBP a year, while female banking risk analysts earn around 80,900 GBP. That works out to a 3% gap in favour of men, even when comparing people doing the same work.

A pay gap of this size has a real long-term cost. Over a typical thirty-year career it can add up to several years of pay, and it compounds through pensions, retirement contributions and bonus-linked stock. Some of the gap is explained by women being more likely to work part-time, take career breaks, or be steered toward lower-paying specialisations. Some of it is straightforward unequal pay for the same job, which is harder to defend.

Banking Risk Analyst gender pay gap

3%

Men earn this much more than women on average in United Kingdom.

Men 83,000 GBP
Women 80,900 GBP

Pay raises for a banking risk analyst in United Kingdom

Most countries hand out at least some kind of pay raise every year, typically when an employee's contract is reviewed or as a cost-of-living adjustment to keep wages roughly in step with inflation. The rhythm and size of those raises varies hugely between industries.

A typical worker doing this role in United Kingdom sees a raise of about 13% every 14 months, which works out to roughly 11% on an annual basis. That figure is the typical underlying rate; in years where inflation runs high you can usually expect a bit more, and in flat-economy years a bit less.

Across all jobs in United Kingdom, the national average raise is around 9% every 15 months.

By industry

Industries with the highest pay raises in United Kingdom:

  • Banking
  • Energy
  • Information Technology
  • Healthcare
  • Travel
  • Construction
  • Education

By experience level

Experienced workers tend to see larger raises. Retaining a senior is cheaper than replacing them, so employers fight harder for them.

  • Junior Level
    3% - 5%
  • Mid-Career
  • Senior Level
  • Top Management

Banking risk analyst bonus rates in United Kingdom

Bonuses are the other half of total compensation, and they vary a lot between jobs and industries. Some roles are paid almost entirely in base salary; others lean heavily on bonus structures tied to revenue, project completion or company performance. Whether a job pays a bonus, how big it is, and how often it lands all factor into whether the headline salary is actually a good offer.

81%

81% of banking risk analysts in United Kingdom reported a bonus of some kind in the past twelve months. That makes a banking risk analyst a high-bonus role overall, which is useful context when you're weighing up a job offer where the base is below market.

Among those who did receive a bonus, the size of the payment varied substantially. Reported bonuses ranged from 6% to 8% of base salary. The remaining 19% of banking risk analysts reported no bonus at all over the same period.

Which careers pay bonuses in United Kingdom

Revenue-facing roles tend to pay the biggest bonuses. Operational and support roles tend toward smaller, more predictable ones.

  • Finance
  • Architecture
  • Sales
  • Business Development
  • Marketing / Advertising
  • Information Technology
  • Healthcare
  • Insurance
  • Customer Service
  • Human Resources
  • Construction
  • Transport
  • Hospitality

Banking risk analyst: public vs private sector pay

Public-sector pay in United Kingdom is about 7% more than private-sector pay for similar work. The private sector typically offers stronger upside and bigger bonuses; the public sector typically offers better benefits and stability.

Public vs private pay gap

6%

Public-sector workers earn this much more than private-sector workers in United Kingdom on average.

Public sector 72,700 GBP
Private sector 68,200 GBP

Banking risk analyst salary by city and region in United Kingdom

Banking risk analyst pay is not even across United Kingdom. The chart below shows the highest-paying cities and regions in the dataset, followed by the full location table.

  • England
  • Scotland
  • Liverpool
  • Edinburgh
  • Bristol
  • London
  • Leicester
  • Somerset
  • Glasgow
  • Birmingham
LocationTypeAverageMedianRange
EnglandRegion150,100 GBP142,300 GBP78,500-227,600 GBP
ScotlandRegion105,800 GBP109,700 GBP51,600-163,800 GBP
LiverpoolCity92,900 GBP92,900 GBP46,400-140,200 GBP
EdinburghCity92,400 GBP93,600 GBP45,200-142,300 GBP
BristolCity92,100 GBP88,000 GBP49,400-142,100 GBP
LondonCity91,000 GBP97,400 GBP42,600-140,200 GBP
LeicesterCity89,800 GBP90,900 GBP44,800-139,100 GBP
SomersetCity89,300 GBP89,300 GBP45,300-137,100 GBP
GlasgowCity89,200 GBP85,100 GBP49,000-137,100 GBP
BirminghamCity88,300 GBP94,900 GBP41,100-140,700 GBP
LeedsCity87,400 GBP81,000 GBP45,400-130,500 GBP
Kingston upon HullCity87,300 GBP88,600 GBP39,800-134,100 GBP
CardiffCity87,200 GBP87,200 GBP44,300-130,400 GBP
BradfordCity86,800 GBP83,900 GBP45,600-134,700 GBP
NottinghamCity86,600 GBP90,900 GBP41,000-137,100 GBP
NewcastleCity86,100 GBP91,000 GBP40,300-134,100 GBP
SheffieldCity85,500 GBP81,700 GBP44,500-130,500 GBP
WolverhamptonCity85,500 GBP92,000 GBP38,000-132,000 GBP
SouthamptonCity85,100 GBP88,600 GBP39,500-130,400 GBP
CoventryCity84,200 GBP74,700 GBP44,500-123,800 GBP
BelfastCity83,800 GBP80,000 GBP45,200-130,500 GBP
NewportCity83,700 GBP90,000 GBP39,500-128,400 GBP
PeterboroughCity83,400 GBP86,100 GBP42,000-130,500 GBP
DerbyCity83,300 GBP83,300 GBP42,800-130,400 GBP
AberdeenCity83,000 GBP90,000 GBP38,000-130,400 GBP
ManchesterCity83,000 GBP80,500 GBP44,300-130,500 GBP
BrightonCity82,200 GBP86,600 GBP39,100-130,500 GBP
ArmaghCity82,200 GBP88,400 GBP39,800-130,500 GBP
PlymouthCity81,600 GBP74,600 GBP45,000-124,500 GBP
PortsmouthCity80,300 GBP86,100 GBP38,700-130,500 GBP
SwanseaCity79,700 GBP81,300 GBP37,300-125,400 GBP
ExeterCity79,000 GBP78,900 GBP38,900-124,500 GBP
YorkCity78,900 GBP76,000 GBP39,300-119,700 GBP
OxfordCity78,200 GBP72,000 GBP40,200-117,100 GBP
DundeeCity78,100 GBP73,700 GBP40,300-118,900 GBP
GloucesterCity77,400 GBP80,900 GBP35,500-119,700 GBP
WalesRegion76,800 GBP83,800 GBP36,800-124,500 GBP
CambridgeCity75,400 GBP80,200 GBP36,400-118,900 GBP
LincolnCity74,700 GBP68,300 GBP40,200-116,400 GBP
ChesterCity73,800 GBP74,700 GBP35,000-114,300 GBP
StirlingCity73,500 GBP73,500 GBP36,400-114,600 GBP
DurhamCity72,800 GBP76,900 GBP32,200-114,900 GBP
SalisburyCity72,700 GBP79,600 GBP33,600-114,300 GBP
NorwichCity72,400 GBP71,800 GBP36,800-114,600 GBP
HartlepoolCity72,400 GBP67,800 GBP35,200-109,000 GBP
Northern IrelandRegion72,400 GBP67,800 GBP37,800-108,200 GBP
LisburnCity72,300 GBP68,200 GBP40,900-114,600 GBP
PooleCity71,900 GBP71,900 GBP35,200-114,900 GBP
NewryCity71,700 GBP73,300 GBP35,300-114,900 GBP
WakefieldCity70,900 GBP71,600 GBP34,000-109,700 GBP
BangorCity70,600 GBP67,800 GBP40,500-109,700 GBP
DerryCity70,500 GBP74,600 GBP33,000-114,900 GBP
KirkwallCity70,000 GBP64,900 GBP36,900-107,300 GBP
St DavidsCity68,900 GBP65,800 GBP33,800-105,800 GBP
WellsCity68,800 GBP64,500 GBP38,100-105,800 GBP
WinchesterCity68,800 GBP68,800 GBP33,000-109,000 GBP
StromnessCity68,500 GBP76,600 GBP30,700-112,700 GBP
TruroCity68,300 GBP64,400 GBP36,800-107,300 GBP
InvernessCity68,100 GBP68,300 GBP35,500-107,700 GBP
RiponCity67,900 GBP67,600 GBP34,000-105,200 GBP
AbingdonCity67,500 GBP61,700 GBP36,400-103,600 GBP
CanterburyCity66,100 GBP65,500 GBP35,000-102,700 GBP
StrontianCity65,900 GBP64,200 GBP35,400-102,700 GBP

Banking Risk Analyst in United Kingdom: FAQs

  • How much does a banking risk analyst make per month in United Kingdom?

    A banking risk analyst in United Kingdom earns about 6,975 GBP a month before tax, based on an annual average of 83,700 GBP.

  • What's the salary range for a banking risk analyst in United Kingdom?

    Entry-level banking risk analysts in United Kingdom start near 44,300 GBP. Top-end pay reaches around 123,800 GBP. The middle 50% of earners sit between 55,700 and 97,400 GBP.

  • Is the median banking risk analyst salary in United Kingdom higher or lower than the average?

    The median is 77,100 GBP, lower than the average of 83,700 GBP. Half of banking risk analysts in United Kingdom earn below the median, half earn above it.

  • What's the gender pay gap for banking risk analysts in United Kingdom?

    Men working as a banking risk analyst in United Kingdom earn around 3% more than women on average (83,000 vs 80,900 GBP a year).

  • Do banking risk analysts in United Kingdom get bonuses?

    About 81% of banking risk analysts in United Kingdom reported a bonus in the past 12 months. Reported bonuses ranged from 6% to 8% of base salary.

  • Do banking risk analysts earn more in the public or private sector in United Kingdom?

    In United Kingdom, the public sector pays a banking risk analyst about 7% more on average. Public-sector pay tends to be steadier; private-sector pay tends to offer bigger upside.

  • How often do banking risk analysts in United Kingdom get a pay raise?

    A banking risk analyst in United Kingdom sees a raise of around 13% every 14 months, equivalent to roughly 11% a year.