Average Risk Analyst Salary in Andorra for 2026

In this article, we will look at the average Risk Analyst salary for 2026 in Andorra and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol .

How Much Does a Risk Analyst Make in Andorra?

A Risk Analyst working in Andorra will typically earn around 53,380 EUR per year, and this can range from the lowest average salary of about 23,080 EUR to the highest average salary of 85,020 EUR.

Average Annual Salary53,380 EUR
Average Monthly Salary4,448 EUR
Average Lowest Salary23,080 EUR
Lowest Monthly Salary1,923 EUR
Average Highest Salary85,020 EUR
Highest Monthly Salary7,085 EUR

These are average salaries for a Risk Analyst in Andorra and include benefits such as housing and transport. It's also possible for a Risk Analyst to earn more or less than the average salaries shown above.

Risk Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Risk Analyst Salaries in Andorra

So we've looked at the average salaries a Risk Analyst will earn in Andorra. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Risk Analyst can earn between 23,080 EUR and 85,020 EUR on average in Andorra. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Risk Analyst in Andorra is 59,380 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 59,380 EUR, and 50% of the population earn more than 59,380 EUR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Risk Analyst salary in Andorra, 25% of the population are earning less than 38,260 EUR while 75% of the population earn more than 38,260 EUR.

75% of the population earn less than 75,100 EUR, and 25% of the population earn more than 75,100 EUR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Risk Analyst Salary by Experience Level in Andorra

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Risk Analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Risk Analyst in Andorra that has less than two years of experience can expect to earn somewhere in the region of 29,540 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Analyst salary would increase to 36,700 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Analyst, the average salary would be 56,060 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 66,260 EUR.
  • 15 - 20 Years Experience. A Risk Analyst with 15 to 20 years of experience can earn an average of 72,260 EUR.
  • 20+ Years Experience. For a Risk Analyst with more than 20 years, the expected average salary increases to 79,260 EUR.

Average Salary by Experience Chart

0-2 Years-
29,540 EUR
2-5 Years+34%
36,700 EUR
5-10 Years+48%
56,060 EUR
10-15 Years+22%
66,260 EUR
15-20 Years+9%
72,260 EUR
20+ Years+8%
79,260 EUR

Risk Analyst Salary by Education Level in Andorra

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Risk Analyst in Andorra based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Risk Analyst in Andorra with a bachelor's degree education can earn an average salary of 34,080 EUR.
  • Master's Degree. A Risk Analyst in Andorra with a master's degree education can earn an average salary of 63,700 EUR.

Average Salary by Education Chart

Bachelor's Degree-
34,080 EUR
Master's Degree+93%
63,700 EUR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Andorra is around 19,200 to 57,600 EUR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Risk Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Andorra, a male risk analyst will earn an average of 57,360 EUR, while a female risk analyst will earn around 49,700 EUR.

This means that a male risk analyst earns approximately 15% more than a female risk analyst for performing the same job.

Average Salary by Gender Chart in Andorra

Male-
57,360 EUR
Female-15%
49,700 EUR

Risk Analyst Average Pay Raise in Andorra

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Risk Analyst in Andorra is around 8% every 29 months.

The national average pay raise across all professions and industries in Andorra is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 8 ÷ 29 ) × 12  = 3%

What this means is that a Risk Analyst in Andorra can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Andorra for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Andorra.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking-
6%
Energy-
3%
Information Technology-
9%
Healthcare-
6%
Travel-
3%
Construction-
9%
Education-
6%

Risk Analyst Bonus and Incentive Rates in Andorra

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Risk Analyst is a low bonus based job, with 42% of employees reporting at least one bonus in the last 12 months.

58% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus-
42%
No Bonus-
58%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Andorra earn approximately 14% more than private sector employees in the same role.

Public Sector-
49,360 EUR
Private Sector-14%
43,360 EUR

Salaries for Jobs Similar to a Risk Analyst

In the table below, we have salary information for jobs that are similar to a Risk Analyst in Andorra.

Job TitleCategorySalary
Actuarial AnalystInsurance65,940 EUR
Actuarial AssistantInsurance48,340 EUR
Actuarial SpecialistInsurance45,600 EUR
ActuaryInsurance62,460 EUR
Adjustment Insurance ClerkInsurance19,360 EUR
Assistant BrokerInsurance31,960 EUR
Assistant Claims ManagerInsurance55,140 EUR
Associate Insurance RepresentativeInsurance25,680 EUR
Auditing Insurance ManagerInsurance72,420 EUR
BrokerInsurance48,640 EUR
Claim Advocacy ProfessionalInsurance47,720 EUR
Claims AdjusterInsurance18,900 EUR
Claims AnalystInsurance25,720 EUR
Claims ExaminerInsurance25,440 EUR
Claims ManagerInsurance71,700 EUR
Claims ProcessorInsurance19,480 EUR
Claims RepresentativeInsurance20,000 EUR
Claims Resolution SpecialistInsurance50,560 EUR
Claims SupervisorInsurance44,780 EUR
Complaints SpecialistInsurance43,520 EUR
Compliance ExaminerInsurance46,160 EUR
Compliance OfficerInsurance41,700 EUR
Compliance ReviewerInsurance45,620 EUR
ConsultantInsurance49,360 EUR
Eligibility InterviewerInsurance53,840 EUR
Eligibility SpecialistInsurance47,120 EUR
Insurance Account ManagerInsurance57,080 EUR
Insurance Accounts ExecutiveInsurance53,840 EUR
Insurance AdjusterInsurance46,160 EUR
Insurance AgentInsurance27,480 EUR
Insurance AnalystInsurance44,780 EUR
Insurance AppraiserInsurance49,020 EUR
Insurance Claims ClerkInsurance18,780 EUR
Insurance ExaminerInsurance43,360 EUR
Insurance InvestigatorInsurance45,200 EUR
Insurance ManagerInsurance80,840 EUR
Insurance Operations ManagerInsurance80,540 EUR
Insurance Policy Processing ClerkInsurance19,640 EUR
Insurance Pricing AssistantInsurance36,700 EUR
Insurance Program ManagerInsurance63,320 EUR
Insurance Project ManagerInsurance60,920 EUR
Insurance Quality Assurance AgentInsurance44,140 EUR
Insurance Sales AgentInsurance29,840 EUR
Insurance Sales DirectorInsurance80,580 EUR
Insurance Sales ManagerInsurance64,720 EUR
Insurance Sales RepresentativeInsurance27,020 EUR
Insurance Team LeaderInsurance48,760 EUR
Insurance UnderwriterInsurance37,620 EUR
Loss Control SpecialistInsurance49,360 EUR
Loss Prevention InvestigatorInsurance50,620 EUR
Loss Prevention ManagerInsurance64,620 EUR
Loss Prevention SpecialistInsurance48,560 EUR
Marine UnderwriterInsurance35,340 EUR
Medical AuditorInsurance47,720 EUR
Monitoring and Performance OfficerInsurance35,340 EUR
Payment Services SpecialistInsurance49,020 EUR
Policy Change DirectorInsurance70,840 EUR
Policy Change SupervisorInsurance50,340 EUR
Policy Change TechnicianInsurance22,340 EUR
Risk Management DirectorInsurance92,900 EUR
Risk Management SupervisorInsurance58,440 EUR
Risk ManagerInsurance88,300 EUR
Risk Modeling ManagerInsurance90,980 EUR
Title Insurance TypistInsurance43,480 EUR
Training ManagerInsurance55,220 EUR

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