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Finance Careers in Boston, United States

Risk Analyst in Boston: Salary & Job Market Guide

Boston leads the world in biotech and higher education, with MIT and Harvard feeding a dense ecosystem of life sciences, robotics, and deep-tech companies.

Estimated mid-level salary: $92,000 - $124,000

Estimates shown in Canadian dollar equivalents for comparison across cities. Local offers in Boston are typically made in USD.

The Boston Job Market for Risk Analysts

  • World's top biotech cluster centred on Kendall Square
  • Robotics and deep-tech startups spun out of MIT
  • Major asset management firms including Fidelity and State Street
  • Hospitals and universities provide stable, prestige employment

Top hiring industries in Boston: Biotech, Education, Finance, Robotics, Healthcare. For a risk analyst, that means tailoring your resume to the sectors doing the most local hiring, and using the exact skill keywords those employers screen for.

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About the Risk Analyst Role

Risk analysts identify, measure, and monitor the credit, market, and operational risks a company faces. Banks, insurers, and increasingly fintech and energy companies rely on them to stay solvent and compliant.

Skills Boston employers look for

  • Credit or market risk modelling
  • Statistics and probability
  • Excel and SQL
  • Regulatory frameworks (Basel, OSFI)
  • Python or R
  • Report writing
  • Scenario and stress testing

For the full career path, salary bands by seniority, and complete FAQs, see the main Risk Analyst career guide.

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Risk Analyst in Boston: FAQs

How much does a Risk Analyst make in Boston?
A mid-level Risk Analyst in Boston typically earns between $92,000 and $124,000 per year (shown in Canadian dollar equivalents for comparison; local offers are usually made in USD). Senior professionals and leads earn meaningfully more, and pay varies with company size and specialization.
What is the job market like for a Risk Analyst in Boston?
Boston leads the world in biotech and higher education, with MIT and Harvard feeding a dense ecosystem of life sciences, robotics, and deep-tech companies. Key strengths of the local market include: world's top biotech cluster centred on kendall square; robotics and deep-tech startups spun out of mit. The strongest hiring sectors are Biotech, Education, Finance.
What is the FRM certification and is it worth pursuing?
The Financial Risk Manager (FRM) from GARP is the standard designation for market and credit risk roles, especially in banking. It is worth it if you are committed to risk as a specialty; it appears explicitly in many postings. For broader finance optionality, the CFA covers similar ground with wider recognition.
Do risk analysts need programming skills?
Increasingly yes. SQL is expected almost everywhere, and Python has become standard for model development, backtesting, and stress-testing automation at banks. Pure Excel-based risk roles still exist but are shrinking, and quantitative risk positions pay a clear premium for coding ability.

Risk Analyst Jobs in Other Cities

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