
This role has a high level of AI exposure. While some human skills are required, many tasks could be automated or replaced by new technology.
Explore all careersA Risk Analyst evaluates data to assess risk for clients and businesses, guiding decisions and policies while communicating findings clearly.
Get qualified to work as a Risk Analyst with a course recognised across Australia. Speak to a training provider to learn more.
In Australia, a full time Risk Analyst generally earns $2,346 per week ($121,992 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.
This industry is likely to see strong growth in employment numbers in coming years. There are currently 3,300 people working in this field in Australia and many of them specialise as a Risk Analyst. Risk Analysts may find work across all regions of Australia.
Source: Australian Government Labour Market Insights
A Bachelor of Statistics is an ideal qualification if you’re planning a career as a Risk Analyst. This course covers a range of topics including applied statistics, data analytics, mathematics and probability, quantitative research methods, regression modelling, problem solving and scientific computing. A Bachelor of Science (Statistics) may also be suitable.
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If you're looking to embark on a fulfilling career in the financial sector, consider enrolling in one of the many available Risk Analyst courses in Melbourne. These courses provide you with essential skills required for a range of roles including becoming a Business Analyst or a Quantitative Analyst. Melbourne, known for its vibrant economy, is an excellent place to study and gain practical insights into risk analysis and management. With a solid foundation in risk management, you can also explore related fields such as Risk Management and Insurance Services, both crucial for any Risk Analyst.
Studying Risk Analyst courses in Melbourne will equip you with the analytical tools needed for various industries. You'll learn how to effectively assess and mitigate risks, which is invaluable in roles like Econometrician or Risk Manager. The courses cover relevant subjects from Mathematics and Statistics to Finance, ensuring that you have a well-rounded knowledge base that is applicable in real-world scenarios.
The job market in Melbourne is ripe with opportunities for aspiring Risk Analysts, with various pathways leading to diverse career options. By pursuing Risk Analyst courses in Melbourne, you can also consider branching out into specialised roles such as a Applied Statistician or a Applied Mathematician. With the city's strong emphasis on business and finance, your qualifications will be recognised and valued, setting you up for a successful career in this dynamic field.