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The differences between market risk analysts and junior business 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 a junior business analyst takes usually requires 2-4 years. Additionally, a market risk analyst has an average salary of $90,794, which is higher than the $69,642 average annual salary of a junior business analyst.
The top three skills for a market risk analyst include risk management, derivative and VAR. The most important skills for a junior business analyst are user stories, test cases, and strong analytical.
| Market Risk Analyst | Junior Business Analyst | |
| Yearly salary | $90,794 | $69,642 |
| Hourly rate | $43.65 | $33.48 |
| Growth rate | 19% | 11% |
| Number of jobs | 40,595 | 136,424 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 71% |
| 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.
Junior business analysts work with senior business analysts and project teams to ensure the applications or products in development comply with end-user needs. Their primary responsibility is data analysis, in which they report the findings to the senior business analysts as well as the developers. Other duties and responsibilities include analyzing the impact of projects on business outcomes, collecting systems information, and giving feedback to developers who work on the deliverables. Junior business analysts are also expected to contribute to the development of test scripts and test plans.
Market risk analysts and junior business analysts have different pay scales, as shown below.
| Market Risk Analyst | Junior Business Analyst | |
| Average salary | $90,794 | $69,642 |
| Salary range | Between $63,000 And $130,000 | Between $54,000 And $88,000 |
| Highest paying City | Jersey City, NJ | Bellevue, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Calpine | AIG |
| Best paying industry | Utilities | Finance |
There are a few differences between a market risk analyst and a junior business analyst in terms of educational background:
| Market Risk Analyst | Junior Business Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between market risk analysts' and junior business analysts' demographics:
| Market Risk Analyst | Junior Business Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 74.2% Female, 25.8% | Male, 50.9% Female, 49.1% |
| 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, 7.5% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |