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The differences between market risk analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a market risk analyst, becoming an analyst takes usually requires 2-4 years. Additionally, a market risk analyst has an average salary of $90,794, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a market risk analyst include risk management, derivative and VAR. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Market Risk Analyst | Analyst | |
| Yearly salary | $90,794 | $73,007 |
| Hourly rate | $43.65 | $35.10 |
| Growth rate | 19% | 11% |
| Number of jobs | 40,595 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
A market risk analyst is responsible for conducting data and statistical analysis to help the business professionals in choosing the best investment and services to take from the assessment. Market risk analysts must have excellent communication and analytical skills to provide profit estimation and design strategies to minimize potential losses. They also identify business opportunities by evaluating the market demand that would generate more revenue resources for the business to increase revenues and close business deals with the clients.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Market risk analysts and analysts have different pay scales, as shown below.
| Market Risk Analyst | Analyst | |
| Average salary | $90,794 | $73,007 |
| Salary range | Between $63,000 And $130,000 | Between $53,000 And $99,000 |
| Highest paying City | Jersey City, NJ | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Calpine | The Citadel |
| Best paying industry | Utilities | Technology |
There are a few differences between a market risk analyst and an analyst in terms of educational background:
| Market Risk Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between market risk analysts' and analysts' demographics:
| Market Risk Analyst | Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 74.2% Female, 25.8% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.2% White, 64.8% American Indian and Alaska Native, 0.1% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |