Bank analyst vs risk analyst

The differences between bank 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 a bank analyst and a risk analyst. Additionally, a bank analyst has an average salary of $85,532, which is higher than the $81,484 average annual salary of a risk analyst.

The top three skills for a bank analyst include powerpoint, financial services and cash management. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.

Bank analyst vs risk analyst overview

	Bank Analyst	Risk Analyst
Yearly salary	$85,532	$81,484
Hourly rate	$41.12	$39.17
Growth rate	9%	9%
Number of jobs	62,983	71,284
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 71%
Average age	40	40
Years of experience	4	4

What does a bank analyst do?

Banking analysts are employees with a strong background in finance or economics. They are usually employed by companies that invest in other businesses, stocks, public offerings, or those looking to merge with other companies. They analyze the company's move and recommend the proper courses of action to ensure its success. They are expected to be updated with the current economic trends and industry changes. This will help them create sound recommendations for the company. Banking analysts should know how to mitigate risks and carve the best possible path for their company.

What does a risk analyst do?

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.

Bank analyst vs risk analyst salary

Bank analysts and risk analysts have different pay scales, as shown below.

	Bank Analyst	Risk Analyst
Average salary	$85,532	$81,484
Salary range	Between $64,000 And $114,000	Between $59,000 And $112,000
Highest paying City	Philadelphia, PA	San Francisco, CA
Highest paying state	Pennsylvania	Connecticut
Best paying company	BGC Partners	The Citadel
Best paying industry	Finance	Manufacturing

Differences between bank analyst and risk analyst education

There are a few differences between a bank analyst and a risk analyst in terms of educational background:

	Bank 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

Bank analyst vs risk analyst demographics

Here are the differences between bank analysts' and risk analysts' demographics:

	Bank Analyst	Risk Analyst
Average age	40	40
Gender ratio	Male, 58.8% Female, 41.2%	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%

Differences between bank analyst and risk analyst duties and responsibilities

Bank analyst example responsibilities.

Manage and maintain information in worldwide-military database which include exemptions, transfers, retirements, and payroll records.
Redesign PowerPoint reports to show more with less effort.
Complete formal credit training and rotations in high yield securities, private placements of debt, and middle market lending.
Structure and analyze cash flows for mortgage-backed securities in housing finance transactions.
Partner with business units to establish a collaborative relationship and cultivate an ERM culture.
Conduct KYC CIP reviews for domestic and foreign individual and business accounts and compare expected activity to actual activity.

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Risk analyst example responsibilities.

Create programs in Java to automate trade execution and ensure market clear downloads are facilitate by the same.
Manage financial derivative models to ensure accurate calculation, structure and pricing.
Manage investigation and reporting of occurrences to applicable regulatory agencies when indicate and facilitate disclosure to patients and families.
Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
Manage treasury workstation steering team for automation of core treasury operations for increase reliability of financial reporting and decision making.
Use SAS and SQL to originate and maintain analytic data marts and automate reporting.

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Bank analyst vs risk analyst skills

Common bank analyst skills

PowerPoint, 6%
Financial Services, 6%
Cash Management, 6%
Corporate Banking, 5%
Risk Management, 5%
Capital Markets, 4%

Common risk analyst skills

Risk Management, 19%
Risk Assessments, 6%
PowerPoint, 6%
Portfolio, 5%
Data Analysis, 4%
SAS, 3%

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Updated January 8, 2025

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