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The differences between investment banking associates 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 investment banking associate and a risk analyst. Additionally, an investment banking associate has an average salary of $119,967, which is higher than the $81,484 average annual salary of a risk analyst.
The top three skills for an investment banking associate include capital markets, healthcare and discounted cash flow. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Investment Banking Associate | Risk Analyst | |
| Yearly salary | $119,967 | $81,484 |
| Hourly rate | $57.68 | $39.17 |
| Growth rate | 9% | 9% |
| Number of jobs | 39,516 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An investment banking associate is in charge of performing support tasks for clients, ensuring efficiency and client satisfaction. They are primarily responsible for identifying and meeting clients' needs, assisting them in reaching their financial goals. They typically determine investment opportunities for clients, putting financial histories and records into consideration. They must thoroughly discuss terms, helping clients gain a deep understanding of the subject while building positive relationships. Furthermore, an investment banking associate may perform clerical tasks such as processing documentation and payments, producing progress reports, and performing calls and correspondence.
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.
Investment banking associates and risk analysts have different pay scales, as shown below.
| Investment Banking Associate | Risk Analyst | |
| Average salary | $119,967 | $81,484 |
| Salary range | Between $73,000 And $195,000 | Between $59,000 And $112,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | Connecticut |
| Best paying company | Bloomberg | The Citadel |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an investment banking associate and a risk analyst in terms of educational background:
| Investment Banking Associate | Risk Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking associates' and risk analysts' demographics:
| Investment Banking Associate | Risk Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 78.6% Female, 21.4% | 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% |