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The differences between market risk analysts and data research analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a market risk analyst and a data research analyst. Additionally, a market risk analyst has an average salary of $90,794, which is higher than the $57,865 average annual salary of a data research analyst.
The top three skills for a market risk analyst include risk management, derivative and VAR. The most important skills for a data research analyst are data analysis, data collection, and patients.
| Market Risk Analyst | Data Research Analyst | |
| Yearly salary | $90,794 | $57,865 |
| Hourly rate | $43.65 | $27.82 |
| Growth rate | 19% | 19% |
| Number of jobs | 40,595 | 135,144 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 65% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
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.
The job of a data research analyst focuses on the interpretation of research results. The results data research analysts gather is turned into information offering ways for business improvement. They collect data information from different sources then interpret their patterns and trends. These professionals prepare investigative reports on assets and securities for a client or in-house use. They need to develop skills in a good organization, excellent communication, attention to detail, and accuracy.
Market risk analysts and data research analysts have different pay scales, as shown below.
| Market Risk Analyst | Data Research Analyst | |
| Average salary | $90,794 | $57,865 |
| Salary range | Between $63,000 And $130,000 | Between $40,000 And $81,000 |
| Highest paying City | Jersey City, NJ | Bellevue, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Calpine | Microsoft |
| Best paying industry | Utilities | Finance |
There are a few differences between a market risk analyst and a data research analyst in terms of educational background:
| Market Risk Analyst | Data Research Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 65% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between market risk analysts' and data research analysts' demographics:
| Market Risk Analyst | Data Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 74.2% Female, 25.8% | Male, 48.4% Female, 51.6% |
| 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, 4.7% Unknown, 4.9% Hispanic or Latino, 11.1% Asian, 14.0% White, 65.1% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |