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$63

How much do entry level risk analyst jobs pay per hour?

As of Sep 6, 2026, the average hourly pay for entry level risk analyst in Illinois is $39.23, according to ZipRecruiter salary data. Most workers in this role earn between $28.89 and $47.74 per hour, depending on experience, location, and employer.

What is an entry level risk analyst?

An Entry Level Risk Analyst is responsible for identifying, assessing, and mitigating risks that could impact an organization’s financial stability and operations. They analyze data, create reports, and assist in developing risk management strategies under the guidance of senior analysts. This role typically involves working with financial models, market trends, and regulatory guidelines to support decision-making. Strong analytical skills, attention to detail, and proficiency in risk assessment tools are essential for success in this position.

What are some typical challenges faced by entry level risk analysts, and how can new hires prepare for them?

Entry Level Risk Analysts often face challenges such as quickly interpreting large volumes of complex data, adapting to evolving regulatory requirements, and learning industry-specific risk assessment methodologies. New hires can prepare by familiarizing themselves with common risk metrics, staying updated on regulatory changes, and practicing effective data analysis. It's also helpful to proactively seek guidance from more experienced team members and participate in relevant training sessions. With diligence and curiosity, most analysts develop confidence and expertise rapidly in this collaborative, knowledge-driven work environment.

What are the key skills and qualifications needed to thrive in the entry level risk analyst position, and why are they important?

To thrive as an Entry Level Risk Analyst, you need strong analytical abilities, attention to detail, and a foundational understanding of finance, economics, or a related field, often supported by a relevant bachelor’s degree. Familiarity with risk management software, Excel, and data analysis tools is advantageous, and some companies value certifications like FRM or CFA Level I. Excellent communication, problem-solving skills, and the ability to work collaboratively make candidates stand out in this role. These skills and qualities are critical for accurately assessing risks, providing actionable insights, and supporting effective decision-making within the organization.

Are entry level risk analyst jobs in high demand?

Entry level risk analyst jobs are in steady demand across various industries such as finance, insurance, and consulting, driven by the need for organizations to manage financial and operational risks. These roles often require skills in data analysis, risk assessment, and familiarity with tools like Excel or risk management software, making them a stable career option for recent graduates.

How hard is it to become an entry level risk analyst?

Becoming an entry level risk analyst typically requires a bachelor's degree in finance, economics, or a related field. Developing skills in data analysis, risk assessment, and familiarity with tools like Excel or risk management software can help, but the role generally has a moderate entry barrier with relevant internships or certifications enhancing prospects.

How to become an entry level risk analyst with no experience?

To become an entry level risk analyst with no experience, focus on gaining relevant skills such as data analysis, Excel, and basic understanding of risk management principles through online courses or certifications. A bachelor's degree in finance, economics, or a related field is typically required, and internships or volunteer work can help build practical experience. Demonstrating strong analytical abilities and attention to detail can improve your chances of entering the field.

What qualifications do I need to be an entry level risk analyst?

An entry-level risk analyst typically needs a bachelor's degree in finance, economics, statistics, or a related field. Strong analytical skills, proficiency in Excel and data analysis tools, and knowledge of risk management principles are also important for this role.

What are the most commonly searched types of Risk Analyst jobs in Illinois?

The most popular types of Risk Analyst jobs in Illinois are:

What are popular job titles related to Entry Level Risk Analyst jobs in Illinois?

For Entry Level Risk Analyst jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Entry Level Risk Analyst jobs in Illinois look for?

The top searched job categories for Entry Level Risk Analyst jobs in Illinois are:

What cities in Illinois are hiring for Entry Level Risk Analyst jobs?

Cities in Illinois with the most Entry Level Risk Analyst job openings:

Entry Level Risk Analyst jobs near you
Infographic showing various Entry Level Risk Analyst job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 26% Part Time, and 2% Contract. Highlights an 87% Physical, 4% Hybrid, and 9% Remote job distribution, with an average salary of $81,601 per year, or $39.2 per hour.

Actuarial Risk Modeling Services - Intern - Summer 2027

PRICEWATERHOUSECOOPERS CORPORATE FINANCE LLC

Rosemont, IL • On-site

$29.25 - $48/hr

Full-time

Posted 5 days ago

Job description

Industry/Sector

82100 Non-Life Insurance (inc. P&C)

Specialism

Actuarial Services

Management Level

Intern/Trainee

Job Description & Summary

The Opportunity
As an RMS - Intern, you will immerse yourself in the dynamic world of Risk and Compliance, specifically within our Actuarial Services. You will engage in projects that provide insights and analysis to help businesses manage risk, optimize financial performance, and make informed decisions, driving financial stability and growth. As an Intern, you will support teams by participating in projects, focusing on learning and gaining exposure to PwC's practices. You will perform basic tasks and conduct research while observing professional work environments, contributing to the team's success.
Within our Assurance practice, you will have the chance to develop your skills in a supportive environment, where you can apply a learning mindset and take ownership of your development. You will appreciate diverse perspectives and adopt habits to sustain performance and develop your potential. In this role, you will actively listen, ask questions to check understanding, and clearly express ideas. You will gather information from various sources to analyze facts and discern patterns, committing to understanding how the business works and building commercial awareness. This opportunity is a stepping stone to establishing your personal brand and paving the way for future opportunities.
Responsibilities
- Supporting teams in developing and validating risk models to manage financial and operational risks
- Participating in projects that involve complex data analysis to extract meaningful insights
- Assisting in the application of actuarial science to assess risk in various industries
- Engaging in financial risk analysis to evaluate uncertainties in financial decisions
- Contributing to the preparation and presentation of financial reports for decision-making
- Collaborating with team members to implement risk model solutions effectively
- Observing and learning from experienced professionals in the field of risk and compliance
- Applying statistical analysis software to interpret and present data findings
- Gathering information from diverse sources to analyze facts and discern patterns
- Taking initiative to ask questions and seek feedback for continuous learning and development
What You Must Have
- Currently pursuing or have completed a Bachelor's degree in one of the following fields of study: Actuarial Science, Mathematics,Statistics
- At least a 3.0 overall GPA
- Before starting full-time at PwC, meet the educational requirements and demonstrate a commitment to undertaking and passing actuarial exams
- Client service intern positions are considered entry-level roles. Candidates are typically in their third year of a four-year degree program or fourth year of a five-year program at the time of application
What Sets You Apart
- Preference for a 3.5 overall GPA
- Leveraging AI to create efficiencies, innovate ways of working and deliver distinctive outcomes
- Demonstrating understanding of actuarial science principles
- Participating in risk model implementation projects
- Engaging in complex data analysis for financial insights
- Supporting financial risk management initiatives
- Applying statistical modeling techniques in actuarial services

Travel Requirements

Up to 20%

Job Posting End Date

September 26, 2026The salary range for this position is: $29.25 - $48.00. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws.As PwC is anequal opportunity employer, all qualified applicants will receive consideration for employment at PwC without regard to race; color; religion; national origin; sex (including pregnancy, sexual orientation, and gender identity); age; disability; genetic information (including family medical history); veteran, marital, or citizenship status; or, any other status protected by law.PwC does not intend to hire experienced or entry level job seekers who will need, now or in the future, PwC sponsorship through the H-1B lottery, except as set forth within the following policy: https://pwc.to/H-1B-Lottery-Policy.Learn more about how we work: https://pwc.to/how-we-workFor only those qualified applicants that are impacted by the Los Angeles County Fair Chance Ordinance for Employers, the Los Angeles' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, San Diego County Fair Chance Ordinance, and the California Fair Chance Act, where applicable, arrest or conviction records will be considered for Employment in accordance with these laws. At PwC, we recognize that conviction records may have a direct, adverse, and negative relationship to responsibilities such as accessing sensitive company or customer information, handling proprietary assets, or collaborating closely with team members. We evaluate these factors thoughtfully to establish a secure and trusted workplace for all.

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