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The differences between funding 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 funding analyst and a risk analyst. Additionally, a funding analyst has an average salary of $82,744, which is higher than the $81,484 average annual salary of a risk analyst.
The top three skills for a funding analyst include financial statements, portfolio management and powerpoint. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Funding Analyst | Risk Analyst | |
| Yearly salary | $82,744 | $81,484 |
| Hourly rate | $39.78 | $39.17 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,949 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A funding analyst is responsible for conducting financial data analysis and creating reports according to the market performance that will help a financial institution to determine cost estimates and mitigate financial risks. Funding analysts also review the organization's programs and sponsorships, ensuring the adequate allocation of funds and resources to support such activities. They identify business opportunities and other financial services to generate more clients and close deals that would drive more revenues and increase the company's profitability.
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.
Funding analysts and risk analysts have different pay scales, as shown below.
| Funding Analyst | Risk Analyst | |
| Average salary | $82,744 | $81,484 |
| Salary range | Between $48,000 And $142,000 | Between $59,000 And $112,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | PitchBook Data | The Citadel |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a funding analyst and a risk analyst in terms of educational background:
| Funding Analyst | Risk Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between funding analysts' and risk analysts' demographics:
| Funding Analyst | Risk Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 57.4% Female, 42.6% | 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% |