Insurance Risk Placement Manager
Baycoast Bank – Swansea, MA
Know your market value with insights across roles — from individual contributors to executive pay and overall company compensation trends.
Access a suite of powerful calculators to make data-driven career decisions.
Automate pay cycles, manage job architectures, and ensure pay equity with AI-powered compensation platforms.
Access validated salary benchmarks, labor market trends, and minimum wage data to stay competitive.
Participate in and purchase industry-specific salary surveys to obtain the most accurate, peer-reported pay data.
How much does an Insurance Risk Analyst make in Massachusetts? As of September 01, 2026, the average salary for an Insurance Risk Analyst in Massachusetts is $89,675 per year, which breaks down to an hourly rate of $43.
However, an Insurance Risk Analyst's salary can vary significantly. Here's a look at the typical salary range:
Insurance Risk Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
|---|---|---|---|---|
| 75th Percentile | $97,874 | $8,156 | $1,882 | $47 |
| Average | $89,675 | $7,473 | $1,725 | $43 |
| 25th Percentile | $83,512 | $6,959 | $1,606 | $40 |
An Insurance Risk Analyst's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of an Insurance Risk Analyst's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Risk Analyst I | less than 1 year | $71,605 |
| Insurance Risk Analyst | 1-2 years | $87,967 |
| Risk Analyst III | 2-4 years | $107,039 |
| Risk Analyst IV | 5-8 years | $135,692 |
| Risk Analyst V | over 8 years | $172,510 |
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Risk Analysts. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Insurance Risk Analyst roles, the industry you choose can affect earning potential by as much as 43% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Energy & Utilities sectors offer the strongest compensation, at 18% above the average. In contrast, Insurance Risk Analyst positions in Hospitality & Leisure or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Insurance Risk Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $105,816 | $51.0 | 18% |
| Energy & Utilities | $103,126 | $50.0 | 15% |
| Software & Networking | $101,332 | $49.0 | 13% |
| Healthcare | $100,436 | $48.0 | 12% |
| Internet | $100,436 | $48.0 | 12% |
Understanding how an Insurance Risk Analyst's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $97,874 | $8,156 | $1,882 | $47 |
| Average | $89,675 | $7,473 | $1,725 | $43 |
| 25th Percentile | $83,512 | $6,959 | $1,606 | $40 |
Ready to take the next step in your career? Browse thousands of current Insurance Risk Analyst job openings on our job board. Use the search bar below to find your perfect match.
Addison Press Inc | Burlington, MA
Addison Press Inc | Burlington, MA
A leading insurance firm is seeking a Senior Risk Management Consultant / Producer to manage a commercial insurance portfolio.The ideal candidate will have... more
2 Days Ago
Baldwin | Boston, MA
Baldwin | Boston, MA
The Baldwin Group Job Opportunity. The Baldwin Group is an award-winning entrepreneur-led and inspired insurance brokerage firm delivering expertly crafted... more
4 Days Ago
IAG | Boston, MA
IAG | Boston, MA
IAG Group Chief Underwriting Office RoleAt IAG, we're ready for you. We're the largest general insurance group in Australia and New Zealand. Our family of ... more
5 Days Ago
Datascan Technologies Llc | GAITHERSBURG, MD
Datascan Technologies Llc | GAITHERSBURG, MD
About DataScan by Solifi: Headquartered in Alpharetta, Georgia, DataScan stands at the forefront of delivering cutting-edge wholesale asset financing and i... more
5 Days Ago
Geronimo Hospitality Group | BELOIT, WI
Geronimo Hospitality Group | BELOIT, WI
Geronimo Hospitality Group. Description. JOIN A TEAM THAT VALUES PEOPLE. At Hendricks Commercial Properties, we value people who value people. We believe i... more
1 Day Ago
Partners Bank | SANFORD, ME
Partners Bank | SANFORD, ME
Fraud-Risk Analyst. Department: Compliance Department. Reports to: Compliance Officer. Supervises: N/A. Status: Full Time/ Exempt/ Onsite. Must already be ... more
1 Day Ago
Analyze the market and your qualifications to negotiate your salary with confidence.
Search thousands of open positions to find your next opportunity.
Individualize employee pay based on unique job requirements and personal qualifications.
Get the latest market price for benchmark jobs and jobs in your industry.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary.com's CompAnalyst platform offers: