Insurance Risk Analyst Salary in Massachusetts

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:

  • Top Earners (90th percentile): $105,338
  • Majority Range (25th-75th percentile): $83,512 to $97,874
  • Entry-Level (10th percentile): $77,901

Key Factors That Influence Insurance Risk Analyst Salaries

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.

How Experience Level Affects Insurance Risk Analyst Salaries?

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:

  • Entry-Level (less than 1 year): $71,605
  • Early Career (1-2 years): $87,967
  • Mid-Level (2-4 years): $107,039
  • Senior-Level (5-8 years): $135,692
  • Expert (over 8 years): $172,510
Job RoleYears of ExperienceAverage 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

Top Paying Cities for Insurance Risk Analyst

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:

  • Agawam: $85,000
  • Amherst: $85,621
  • Barre: $86,477

Insurance Risk Analyst Salary by Industry: Top Paying Sectors

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.

The top paying industries for an Insurance Risk Analyst

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%

Insurance Risk Analyst Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on September 01, 2026
$83,512
Average $89,675/year
$97,874
$6,959
Average $7,473/month
$8,156
$1,606
Average $1,725/week
$1,882
$40
Average $43/hour
$47
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

Find Your Next Insurance Risk Analyst Job

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.

  • Confidential | Boston, MA

    Confidential | Boston, MA

    Vice President, Risk & Insurance. About the Company. Nationally recognized commercial construction organization with diverse portfolio of active projects a... more

    8 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

    8 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

    9 Days Ago

  • 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

    11 Days 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

    22 Days Ago

  • Legacy Risk Solutions LLC | VALDOSTA, GA

    Legacy Risk Solutions LLC | VALDOSTA, GA

    Description. About Legacy Risk Solutions. Legacy Risk Solutions is a leading independent insurance agency platform headquartered in Gainesville, Georgia. T... more

    22 Days Ago

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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.

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