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Average Risk Analyst Salary in India for 2026

A risk analyst in India earns about 428,400 INR a year. That's 12% above the national average of 384,200 INR.

Pay ranges widely from country to country and from role to role. The lowest reported salaries in India sit around 204,000 INR a year, while the very top stretches to 672,600 INR. Everything on this page is in Indian rupee (INR, 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 India, 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.

How much does a risk analyst make in India?

Average salary
428,400 INR
35,700 INR per month
Lowest reported
204,000 INR
17,000 INR per month
Highest reported
672,600 INR
56,050 INR per month

A typical risk analyst working in India brings home around 35,700 INR a month before tax. Entry-level pay starts near 204,000 INR, and the top of the ladder reaches roughly 672,600 INR 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 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.

How risk analyst pay ranges in India

A good way to think about salary in India is to look at the distribution rather than the headline average. Half of all risk analysts in India earn less than 444,300 INR 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 294,700 INR (the 25th percentile), and a quarter clear 580,600 INR (the 75th percentile). The middle 50% of 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 204,000 INR. The highest stretch to 672,600 INR, 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.

204,000
Low
444,300
Median
672,600
High
294,700
25th
580,600
75th
The middle 50% sit between the 25th and 75th percentile Tails are the lowest and highest reported All figures in INR

Risk analyst pay by experience in India

Years of experience is the single biggest lever on pay for a risk analyst in India, 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 risk analyst salary changes as you move through the career ladder.

  • 0-2 Years
    239,000 INR
  • 2-5 Years
    +42% from previous
    340,400 INR
  • 5-10 Years
    +32% from previous
    448,500 INR
  • 10-15 Years
    +22% from previous
    547,800 INR
  • 15-20 Years
    +6% from previous
    583,000 INR
  • 20+ Years
    +10% from previous
    641,900 INR

The single largest jump on the ladder is from 0 - 2 Years to 2 - 5 Years, where pay rises by about 42%. That is the point at which a 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.

Risk analyst pay by education in India

Education sits alongside experience as one of the biggest factors driving risk analyst pay in India. 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 risk analyst salary in India broken down by the highest level of education a worker has completed.

  • Bachelor's Degree
    378,300 INR
  • Master's Degree
    +43% from previous
    539,700 INR

Risk analyst gender pay gap in India

The gender pay gap is a stubborn feature of almost every labour market, and India is no exception. Male risk analysts in India earn an average of 454,300 INR a year, while female risk analysts earn around 415,900 INR. That works out to a 9% 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.

Risk Analyst gender pay gap

8%

Men earn this much more than women on average in India.

Men 454,300 INR
Women 415,900 INR

Pay raises for a risk analyst in India

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 India sees a raise of about 13% every 15 months, which works out to roughly 10% 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 India, the national average raise is around 9% every 16 months.

By industry

Industries with the highest pay raises in India:

  • Banking
    1%
  • Energy
    2%
  • 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

Risk analyst bonus rates in India

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.

58%

58% of risk analysts in India reported a bonus of some kind in the past twelve months. That makes a risk analyst a moderate-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 3% to 6% of base salary. The remaining 42% of risk analysts reported no bonus at all over the same period.

Which careers pay bonuses in India

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

Risk analyst: public vs private sector pay

Public-sector pay in India is about 6% 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

5%

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

Public sector 392,300 INR
Private sector 371,100 INR

Risk analyst salary by city and region in India

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

  • Bihar
  • Uttar Pradesh
  • Madhya Pradesh
  • Rajasthan
  • Maharashtra
  • Bangalore
  • Karnataka
  • Gujarat
  • Tamil Nadu
  • Delhi (city)
LocationTypeAverageMedianRange
BiharRegion529,600 INR573,500 INR245,300-844,600 INR
Uttar PradeshRegion529,600 INR529,600 INR265,000-819,000 INR
Madhya PradeshRegion524,700 INR535,800 INR258,400-816,900 INR
RajasthanRegion504,400 INR516,100 INR246,500-788,000 INR
MaharashtraRegion504,400 INR493,000 INR258,400-778,200 INR
BangaloreCity502,200 INR520,900 INR239,300-788,000 INR
KarnatakaRegion498,000 INR478,000 INR259,100-765,100 INR
GujaratRegion492,400 INR483,400 INR249,600-756,700 INR
Tamil NaduRegion491,000 INR462,300 INR261,300-745,000 INR
Delhi (city)City489,600 INR478,000 INR247,800-751,100 INR
MumbaiCity489,500 INR471,700 INR254,700-748,600 INR
ChennaiCity489,500 INR480,600 INR251,500-754,900 INR
KolkataCity487,600 INR498,500 INR238,900-758,700 INR
West BengalRegion485,200 INR466,900 INR252,300-744,700 INR
Andhra PradeshRegion483,400 INR493,000 INR237,400-752,600 INR
AhmadabadCity480,300 INR442,300 INR261,300-725,700 INR
HyderabadCity480,300 INR510,300 INR225,300-758,700 INR
PuneCity472,000 INR433,800 INR254,800-714,300 INR
OrissaRegion471,700 INR453,200 INR245,300-721,600 INR
JharkhandRegion462,300 INR462,300 INR231,000-713,900 INR
ChhatisgarhRegion459,700 INR459,700 INR228,000-710,500 INR
Delhi (region)Region455,400 INR483,400 INR212,500-719,100 INR
AssamRegion454,900 INR431,100 INR240,500-695,200 INR
JaipurCity454,900 INR436,200 INR239,000-699,700 INR
Jammu & KashmirRegion453,200 INR471,700 INR216,800-710,500 INR
LucknowCity450,300 INR460,500 INR218,900-705,500 INR
BhopalCity447,700 INR466,900 INR215,100-705,500 INR
KeralaRegion447,700 INR414,000 INR240,500-679,200 INR
PunjabRegion444,300 INR472,100 INR208,600-704,300 INR
Pimpri-ChinchwadCity442,300 INR478,000 INR205,700-705,500 INR
SuratCity442,200 INR466,900 INR207,700-694,700 INR
TripuraRegion437,300 INR472,100 INR201,100-695,400 INR
IndoreCity433,800 INR471,700 INR200,000-693,100 INR
KanpurCity426,700 INR455,400 INR201,100-677,100 INR
NagpurCity426,700 INR455,400 INR201,100-677,100 INR
ManipurRegion426,700 INR401,300 INR228,500-649,700 INR
NagalandRegion426,700 INR426,700 INR212,500-663,100 INR
HaryanaRegion424,900 INR397,900 INR225,300-645,800 INR
Himachal PradeshRegion424,900 INR459,300 INR196,800-677,100 INR
Arunachal PradeshRegion420,800 INR413,900 INR215,100-650,700 INR
UttaranchalRegion420,100 INR436,200 INR201,100-660,500 INR
GhaziabadCity419,400 INR419,400 INR208,600-648,200 INR
agraCity413,900 INR404,600 INR209,500-638,700 INR
VisakhapatnamCity412,000 INR426,700 INR197,600-645,800 INR
PatnaCity409,000 INR425,100 INR195,200-642,800 INR
CoimbatoreCity409,000 INR384,500 INR216,800-619,800 INR
PondicherryRegion407,100 INR375,200 INR221,500-614,600 INR
MaduraiCity398,300 INR430,000 INR183,700-633,300 INR
MeghalayaRegion397,900 INR430,000 INR183,700-633,300 INR
VadodaraCity396,300 INR404,600 INR194,600-619,000 INR
MizoramRegion394,800 INR409,000 INR189,300-618,800 INR
Dadra & Nagar HaveliRegion394,500 INR381,800 INR207,800-606,400 INR
GoaRegion389,200 INR396,300 INR192,000-606,400 INR
LudhianaCity388,100 INR404,600 INR187,300-615,000 INR
ChandigarhRegion375,200 INR389,200 INR180,500-587,800 INR
SikkimRegion365,400 INR357,300 INR187,500-559,000 INR
LakshadweepRegion363,000 INR385,300 INR172,200-574,200 INR
Daman & DiuRegion363,000 INR335,800 INR195,200-552,400 INR
Andaman & Nicobar IslandsRegion359,900 INR381,800 INR169,000-566,900 INR

Risk Analyst in India: FAQs

  • How much does a risk analyst make per month in India?

    A risk analyst in India earns about 35,700 INR a month before tax, based on an annual average of 428,400 INR.

  • What's the salary range for a risk analyst in India?

    Entry-level risk analysts in India start near 204,000 INR. Top-end pay reaches around 672,600 INR. The middle 50% of earners sit between 294,700 and 580,600 INR.

  • Is the median risk analyst salary in India higher or lower than the average?

    The median is 444,300 INR, higher than the average of 428,400 INR. Half of risk analysts in India earn below the median, half earn above it.

  • What's the gender pay gap for risk analysts in India?

    Men working as a risk analyst in India earn around 9% more than women on average (454,300 vs 415,900 INR a year).

  • Do risk analysts in India get bonuses?

    About 58% of risk analysts in India reported a bonus in the past 12 months. Reported bonuses ranged from 3% to 6% of base salary.

  • Do risk analysts earn more in the public or private sector in India?

    In India, the public sector pays a risk analyst about 6% more on average. Public-sector pay tends to be steadier; private-sector pay tends to offer bigger upside.

  • How often do risk analysts in India get a pay raise?

    A risk analyst in India sees a raise of around 13% every 15 months, equivalent to roughly 10% a year.