Average Risk Analyst Salary in El Salvador for 2026

In this article, we will look at the average Risk Analyst salary for 2026 in El Salvador 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Risk Analyst Make in El Salvador?

A Risk Analyst working in El Salvador will typically earn around 20,000 USD per year, and this can range from the lowest average salary of about 10,080 USD to the highest average salary of 32,900 USD.

Average Annual Salary20,000 USD
Average Monthly Salary1,666 USD
Average Lowest Salary10,080 USD
Lowest Monthly Salary840 USD
Average Highest Salary32,900 USD
Highest Monthly Salary2,741 USD

These are average salaries for a Risk Analyst in El Salvador 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 El Salvador

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

Salary ranges

We already know that a Risk Analyst can earn between 10,080 USD and 32,900 USD on average in El Salvador. 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 El Salvador is 19,060 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 19,060 USD, and 50% of the population earn more than 19,060 USD.

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 El Salvador, 25% of the population are earning less than 14,200 USD while 75% of the population earn more than 14,200 USD.

75% of the population earn less than 24,200 USD, and 25% of the population earn more than 24,200 USD.

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 El Salvador

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 El Salvador that has less than two years of experience can expect to earn somewhere in the region of 12,120 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Analyst salary would increase to 17,560 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Analyst, the average salary would be 23,400 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 26,500 USD.
  • 15 - 20 Years Experience. A Risk Analyst with 15 to 20 years of experience can earn an average of 30,800 USD.
  • 20+ Years Experience. For a Risk Analyst with more than 20 years, the expected average salary increases to 29,160 USD.

Average Salary by Experience Chart

0-2 Years-
12,120 USD
2-5 Years+34%
17,560 USD
5-10 Years+30%
23,400 USD
10-15 Years+21%
26,500 USD
15-20 Years+9%
30,800 USD
20+ Years+5%
29,160 USD

Risk Analyst Salary by Education Level in El Salvador

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 El Salvador 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 El Salvador with a bachelor's degree education can earn an average salary of 19,200 USD.
  • Master's Degree. A Risk Analyst in El Salvador with a master's degree education can earn an average salary of 23,360 USD.

Average Salary by Education Chart

Bachelor's Degree-
19,200 USD
Master's Degree+39%
23,360 USD

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 El Salvador is around 8,530 to 25,600 USD 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 El Salvador, a male risk analyst will earn an average of 21,980 USD, while a female risk analyst will earn around 21,380 USD.

This means that a male risk analyst earns approximately 3% more than a female risk analyst for performing the same job.

Average Salary by Gender Chart in El Salvador

Male-
21,980 USD
Female-3%
21,380 USD

Risk Analyst Average Pay Raise in El Salvador

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 El Salvador is around 7% every 30 months.

The national average pay raise across all professions and industries in El Salvador is around 4% every 29 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 = ( 7 ÷ 30 ) × 12  = 3%

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

Annual Pay Raise by Industry in El Salvador for 2026

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

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

Banking-
2%
Energy-
4%
Information Technology-
6%
Healthcare-
8%
Travel-
1%
Construction-
3%
Education-
5%

Risk Analyst Bonus and Incentive Rates in El Salvador

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 35% of employees reporting at least one bonus in the last 12 months.

65% 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 3% to 5%.

Received Bonus-
35%
No Bonus-
65%

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 El Salvador earn approximately 39% more than private sector employees in the same role.

Public Sector-
23,520 USD
Private Sector-39%
16,980 USD

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 El Salvador.

Job TitleCategorySalary
Actuarial AnalystInsurance26,660 USD
Actuarial AssistantInsurance20,300 USD
Actuarial SpecialistInsurance19,160 USD
ActuaryInsurance27,620 USD
Adjustment Insurance ClerkInsurance6,080 USD
Assistant BrokerInsurance13,780 USD
Assistant Claims ManagerInsurance19,980 USD
Associate Insurance RepresentativeInsurance9,960 USD
Auditing Insurance ManagerInsurance31,080 USD
BrokerInsurance19,380 USD
Claim Advocacy ProfessionalInsurance19,860 USD
Claims AdjusterInsurance7,620 USD
Claims AnalystInsurance10,220 USD
Claims ExaminerInsurance9,960 USD
Claims ManagerInsurance29,540 USD
Claims ProcessorInsurance7,300 USD
Claims RepresentativeInsurance9,020 USD
Claims Resolution SpecialistInsurance22,540 USD
Claims SupervisorInsurance19,160 USD
Complaints SpecialistInsurance20,300 USD
Compliance ExaminerInsurance18,280 USD
Compliance OfficerInsurance16,400 USD
Compliance ReviewerInsurance19,640 USD
ConsultantInsurance19,160 USD
Eligibility InterviewerInsurance20,940 USD
Eligibility SpecialistInsurance19,480 USD
Insurance Account ManagerInsurance24,720 USD
Insurance Accounts ExecutiveInsurance22,540 USD
Insurance AdjusterInsurance18,940 USD
Insurance AgentInsurance13,660 USD
Insurance AnalystInsurance21,100 USD
Insurance AppraiserInsurance21,400 USD
Insurance Claims ClerkInsurance5,960 USD
Insurance ExaminerInsurance18,780 USD
Insurance InvestigatorInsurance19,860 USD
Insurance ManagerInsurance35,300 USD
Insurance Operations ManagerInsurance35,300 USD
Insurance Policy Processing ClerkInsurance7,040 USD
Insurance Pricing AssistantInsurance14,140 USD
Insurance Program ManagerInsurance26,080 USD
Insurance Project ManagerInsurance27,380 USD
Insurance Quality Assurance AgentInsurance16,720 USD
Insurance Sales AgentInsurance12,520 USD
Insurance Sales DirectorInsurance30,700 USD
Insurance Sales ManagerInsurance24,200 USD
Insurance Sales RepresentativeInsurance12,300 USD
Insurance Team LeaderInsurance23,520 USD
Insurance UnderwriterInsurance14,920 USD
Loss Control SpecialistInsurance20,520 USD
Loss Prevention InvestigatorInsurance20,940 USD
Loss Prevention ManagerInsurance28,660 USD
Loss Prevention SpecialistInsurance19,940 USD
Marine UnderwriterInsurance17,020 USD
Medical AuditorInsurance19,160 USD
Monitoring and Performance OfficerInsurance12,620 USD
Payment Services SpecialistInsurance20,520 USD
Policy Change DirectorInsurance31,960 USD
Policy Change SupervisorInsurance21,400 USD
Policy Change TechnicianInsurance9,980 USD
Risk Management DirectorInsurance39,560 USD
Risk Management SupervisorInsurance23,360 USD
Risk ManagerInsurance36,160 USD
Risk Modeling ManagerInsurance38,680 USD
Title Insurance TypistInsurance17,540 USD
Training ManagerInsurance21,300 USD

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