Average Risk Analyst Salary in Kampala, Uganda for 2026

In this article, we will look at the average Risk Analyst salary for 2026 in Kampala 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 Ugandan shilling. To keep things simple, we are using the UGX currency code instead of the currency symbol Sh.

How Much Does a Risk Analyst Make in Kampala?

A Risk Analyst working in Kampala will typically earn around 41,399,600 UGX per year, and this can range from the lowest average salary of about 20,281,100 UGX to the highest average salary of 64,560,300 UGX.

Average Annual Salary41,399,600 UGX
Average Monthly Salary3,449,966 UGX
Average Lowest Salary20,281,100 UGX
Lowest Monthly Salary1,690,091 UGX
Average Highest Salary64,560,300 UGX
Highest Monthly Salary5,380,025 UGX

These are average salaries for a Risk Analyst in Kampala 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 Kampala

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

Salary ranges

We already know that a Risk Analyst can earn between 20,281,100 UGX and 64,560,300 UGX on average in Kampala. 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 Kampala is 42,239,100 UGX. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 42,239,100 UGX, and 50% of the population earn more than 42,239,100 UGX.

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 Kampala, 25% of the population are earning less than 28,200,200 UGX while 75% of the population earn more than 28,200,200 UGX.

75% of the population earn less than 54,479,300 UGX, and 25% of the population earn more than 54,479,300 UGX.

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 Kampala

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 Kampala that has less than two years of experience can expect to earn somewhere in the region of 24,119,700 UGX.
  • 2 - 5 Years Experience. With two to five years of experience the average Risk Analyst salary would increase to 30,961,800 UGX.
  • 5 - 10 Years Experience. From five to ten years of experience as a Risk Analyst, the average salary would be 42,719,800 UGX.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 52,918,800 UGX.
  • 15 - 20 Years Experience. A Risk Analyst with 15 to 20 years of experience can earn an average of 56,641,700 UGX.
  • 20+ Years Experience. For a Risk Analyst with more than 20 years, the expected average salary increases to 60,361,600 UGX.

Average Salary by Experience Chart

0-2 Years-
24,119,700 UGX
2-5 Years+29%
30,961,800 UGX
5-10 Years+38%
42,719,800 UGX
10-15 Years+24%
52,918,800 UGX
15-20 Years+7%
56,641,700 UGX
20+ Years+7%
60,361,600 UGX

Risk Analyst Salary by Education Level in Kampala

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 Kampala 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 Kampala with a bachelor's degree education can earn an average salary of 30,001,600 UGX.
  • Master's Degree. A Risk Analyst in Kampala with a master's degree education can earn an average salary of 48,239,000 UGX.

Average Salary by Education Chart

Bachelor's Degree-
30,001,600 UGX
Master's Degree+60%
48,239,000 UGX

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 Uganda is around 13,100,000 to 39,300,000 UGX 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 Kampala, a male risk analyst will earn an average of 38,878,700 UGX, while a female risk analyst will earn around 33,119,100 UGX.

This means that a male risk analyst earns approximately 17% more than a female risk analyst for performing the same job.

Average Salary by Gender Chart in Kampala

Male-
38,878,700 UGX
Female-17%
33,119,100 UGX

Risk Analyst Average Pay Raise in Kampala

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 Kampala is around 7% every 30 months.

The national average pay raise across all professions and industries in Uganda 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 Kampala can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Kampala for 2026

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

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

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

Risk Analyst Bonus and Incentive Rates in Kampala

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 Uganda earn approximately 25% more than private sector employees in the same role.

Public Sector-
34,919,600 UGX
Private Sector-25%
27,960,400 UGX

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 Kampala.

Job TitleCategorySalary
Actuarial AnalystInsurance42,119,100 UGX
Actuarial AssistantInsurance30,360,800 UGX
Actuarial SpecialistInsurance31,559,900 UGX
ActuaryInsurance44,280,500 UGX
Adjustment Insurance ClerkInsurance11,399,200 UGX
Assistant BrokerInsurance20,878,800 UGX
Assistant Claims ManagerInsurance33,119,100 UGX
Associate Insurance RepresentativeInsurance15,960,700 UGX
Auditing Insurance ManagerInsurance46,800,400 UGX
BrokerInsurance32,398,700 UGX
Claim Advocacy ProfessionalInsurance33,240,500 UGX
Claims AdjusterInsurance11,998,600 UGX
Claims AnalystInsurance17,278,100 UGX
Claims ExaminerInsurance15,960,700 UGX
Claims ManagerInsurance44,519,300 UGX
Claims ProcessorInsurance11,998,600 UGX
Claims RepresentativeInsurance13,679,300 UGX
Claims Resolution SpecialistInsurance33,119,100 UGX
Claims SupervisorInsurance32,758,100 UGX
Complaints SpecialistInsurance30,360,800 UGX
Compliance ExaminerInsurance31,201,500 UGX
Compliance OfficerInsurance25,321,400 UGX
Compliance ReviewerInsurance28,560,900 UGX
ConsultantInsurance32,758,100 UGX
Eligibility InterviewerInsurance34,441,600 UGX
Eligibility SpecialistInsurance30,841,400 UGX
Insurance Account ManagerInsurance40,559,300 UGX
Insurance Accounts ExecutiveInsurance33,119,100 UGX
Insurance AdjusterInsurance29,278,200 UGX
Insurance AgentInsurance18,720,200 UGX
Insurance AnalystInsurance30,841,400 UGX
Insurance AppraiserInsurance31,559,900 UGX
Insurance Claims ClerkInsurance11,998,600 UGX
Insurance ExaminerInsurance30,360,800 UGX
Insurance InvestigatorInsurance28,919,800 UGX
Insurance ManagerInsurance54,719,600 UGX
Insurance Operations ManagerInsurance52,438,500 UGX
Insurance Policy Processing ClerkInsurance11,699,900 UGX
Insurance Pricing AssistantInsurance24,841,800 UGX
Insurance Program ManagerInsurance41,158,900 UGX
Insurance Project ManagerInsurance41,878,100 UGX
Insurance Quality Assurance AgentInsurance27,118,300 UGX
Insurance Sales AgentInsurance19,200,400 UGX
Insurance Sales DirectorInsurance52,800,100 UGX
Insurance Sales ManagerInsurance43,081,400 UGX
Insurance Sales RepresentativeInsurance17,278,100 UGX
Insurance Team LeaderInsurance33,961,700 UGX
Insurance UnderwriterInsurance24,599,500 UGX
Loss Control SpecialistInsurance31,201,500 UGX
Loss Prevention InvestigatorInsurance34,441,600 UGX
Loss Prevention ManagerInsurance44,641,600 UGX
Loss Prevention SpecialistInsurance33,599,200 UGX
Marine UnderwriterInsurance24,599,500 UGX
Medical AuditorInsurance32,280,500 UGX
Monitoring and Performance OfficerInsurance22,198,500 UGX
Payment Services SpecialistInsurance33,240,500 UGX
Policy Change DirectorInsurance50,398,300 UGX
Policy Change SupervisorInsurance35,640,500 UGX
Policy Change TechnicianInsurance14,880,300 UGX
Risk Management DirectorInsurance63,959,400 UGX
Risk Management SupervisorInsurance38,281,500 UGX
Risk ManagerInsurance58,559,300 UGX
Risk Modeling ManagerInsurance59,999,100 UGX
Title Insurance TypistInsurance26,880,900 UGX
Training ManagerInsurance36,480,500 UGX

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