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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 | Risk Analyst | |
| Yearly salary | $38,827 | $81,484 |
| Hourly rate | $18.67 | $39.17 |
| Growth rate | 9% | 9% |
| Number of jobs | 104,448 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
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.
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 interns and risk analysts have different pay scales, as shown below.
| Financial Analyst Internship | Risk Analyst | |
| Average salary | $38,827 | $81,484 |
| Salary range | Between $28,000 And $52,000 | Between $59,000 And $112,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Connecticut |
| Best paying company | - | The Citadel |
| Best paying industry | - | Manufacturing |
There are a few differences between a financial analyst internship and a risk analyst in terms of educational background:
| Financial Analyst Internship | Risk Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between financial analyst interns' and risk analysts' demographics:
| Financial Analyst Internship | Risk Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 70.2% Female, 29.8% | 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% |