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The differences between asset analysts 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 asset analyst and a risk analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $72,242 average annual salary of an asset analyst.
The top three skills for an asset analyst include asset management, fixed assets and real estate. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Asset Analyst | Risk Analyst | |
| Yearly salary | $72,242 | $81,484 |
| Hourly rate | $34.73 | $39.17 |
| Growth rate | 9% | 9% |
| Number of jobs | 67,864 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
Asset analysts are accounting professionals who specialize in the management of the company's assets. They maintain the company's record of assets. They ensure that their database is updated. They also ensure that all physical assets are properly maintained. Asset analysts prepare reports related to these assets and draft recommendations as needed. They also keep themselves updated on the current trends in both the industry and in the economic market. They should always be on the lookout for possible asset acquisitions to improve the company's economic standing.
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.
Asset analysts and risk analysts have different pay scales, as shown below.
| Asset Analyst | Risk Analyst | |
| Average salary | $72,242 | $81,484 |
| Salary range | Between $47,000 And $109,000 | Between $59,000 And $112,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Massachusetts | Connecticut |
| Best paying company | Pacific Investment Management Company LLC | The Citadel |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an asset analyst and a risk analyst in terms of educational background:
| Asset Analyst | Risk Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between asset analysts' and risk analysts' demographics:
| Asset Analyst | Risk Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 53.2% Female, 46.8% | 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% |