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The differences between analyst interns and risk analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an analyst internship and a risk analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $38,569 average annual salary of an analyst internship.
The top three skills for an analyst internship include financial statements, data analysis and management system. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Analyst Internship | Risk Analyst | |
| Yearly salary | $38,569 | $81,484 |
| Hourly rate | $18.54 | $39.17 |
| Growth rate | 9% | 9% |
| Number of jobs | 103,723 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement. They conduct research and analysis to support business operations and resolve issues using systems and data. They also help estimate the costs and benefits of multiple business actions and help the business organization launch new initiatives.
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.
Analyst interns and risk analysts have different pay scales, as shown below.
| Analyst Internship | Risk Analyst | |
| Average salary | $38,569 | $81,484 |
| Salary range | Between $28,000 And $52,000 | Between $59,000 And $112,000 |
| Highest paying City | Olympia, WA | San Francisco, CA |
| Highest paying state | Washington | Connecticut |
| Best paying company | The Citadel | |
| Best paying industry | Professional | Manufacturing |
There are a few differences between an analyst internship and a risk analyst in terms of educational background:
| Analyst Internship | Risk Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between analyst interns' and risk analysts' demographics:
| Analyst Internship | Risk Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 67.8% Female, 32.2% | Male, 53.4% Female, 46.6% |
| Race ratio | 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% | 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 | 7% | 7% |