Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between actuarial analysts and risk analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $75,593 average annual salary of an actuarial analyst.
The top three skills for an actuarial analyst include statistical analysis, SAS and statistical data. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Actuarial Analyst | Risk Analyst | |
| Yearly salary | $75,593 | $81,484 |
| Hourly rate | $36.34 | $39.17 |
| Growth rate | 21% | 9% |
| Number of jobs | 41,511 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 71% |
| Average age | 39 | 40 |
| Years of experience | - | 4 |
Actuarial Analysts use statistical formulas to assess the probability and costs of certain events such as accidents, property damages, injuries, and deaths. They are usually specialized in finance, general insurance, health and care, life insurance, and savings/investment.
As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions. You will be responsible for aggregating data from several sources to develop a comprehensive assessment and create reports, processes, and presentations to better present results. You are also expected to work closely with other team members to analyze and show data effectively.
Actuarial analysts and risk analysts have different pay scales, as shown below.
| Actuarial Analyst | Risk Analyst | |
| Average salary | $75,593 | $81,484 |
| Salary range | Between $55,000 And $103,000 | Between $59,000 And $112,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Connecticut |
| Best paying company | Nationwide Financial | The Citadel |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an actuarial analyst and a risk analyst in terms of educational background:
| Actuarial Analyst | Risk Analyst | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 71% |
| Most common major | Mathematics | Business |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between actuarial analysts' and risk analysts' demographics:
| Actuarial Analyst | Risk Analyst | |
| Average age | 39 | 40 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 53.4% Female, 46.6% |
| Race ratio | Black or African American, 3.1% Unknown, 3.0% Hispanic or Latino, 4.7% Asian, 21.9% White, 67.4% American Indian and Alaska Native, 0.0% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 18% | 7% |