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Financial analyst internship vs risk analyst

The differences between financial 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 a financial analyst internship and a risk analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $38,827 average annual salary of a financial analyst internship.

The top three skills for a financial analyst internship include financial models, data analysis and market research. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.

Financial analyst internship vs risk analyst overview

Financial Analyst InternshipRisk Analyst
Yearly salary$38,827$81,484
Hourly rate$18.67$39.17
Growth rate9%9%
Number of jobs104,44871,284
Job satisfaction--
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 71%
Average age4040
Years of experience44

What does a financial analyst internship do?

A financial analyst intern is responsible for supporting an organization with financial activities and tasks. Typical duties and responsibilities may include creating and analyzing financial reports, preparing financial statements, and helping with audits. You may be asked to perform some administrative tasks while observing the various aspects of portfolio management, accounting, and financial reporting. As a financial analyst intern, you are expected to conduct competitive analysis and market research and help prepare reports and recommendations on due diligence. You are also expected to join in on meetings and calls with company prospects.

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.

Financial analyst internship vs risk analyst salary

Financial analyst interns and risk analysts have different pay scales, as shown below.

Financial Analyst InternshipRisk Analyst
Average salary$38,827$81,484
Salary rangeBetween $28,000 And $52,000Between $59,000 And $112,000
Highest paying City-San Francisco, CA
Highest paying state-Connecticut
Best paying company-The Citadel
Best paying industry-Manufacturing

Differences between financial analyst internship and risk analyst education

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

Financial Analyst InternshipRisk Analyst
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 71%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Financial analyst internship vs risk analyst demographics

Here are the differences between financial analyst interns' and risk analysts' demographics:

Financial Analyst InternshipRisk Analyst
Average age4040
Gender ratioMale, 70.2% Female, 29.8%Male, 53.4% Female, 46.6%
Race ratioBlack 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 Percentage7%7%

Differences between financial analyst internship and risk analyst duties and responsibilities

Financial analyst internship example responsibilities.

  • Accomplish project accounting functions including project costing, time reporting, project accruals and proper capitalization of development costs.
  • Create spreadsheet or SQL database to store raw data and generate statistical reports.
  • Create the new program using VBA to optimize efficiency and accuracy of the work.
  • Modify VBA base financial modeling system to maintain the high quality of refine sustainable income in volatile capital markets.
  • Create a DCF model on a potential capital expenditure project for a combined-cycle natural gas power plant in Minnesota.
  • Prepare enhanced financial statements and reports utilizing ERP systems.
  • Show more

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.
  • Show more

Financial analyst internship vs risk analyst skills

Common financial analyst internship skills
  • Financial Models, 9%
  • Data Analysis, 6%
  • Market Research, 4%
  • Financial Data, 4%
  • R, 4%
  • Financial Statement Analysis, 4%
Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%

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