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The differences between market risk analysts and market 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 market research analyst. Additionally, a market risk analyst has an average salary of $90,794, which is higher than the $51,688 average annual salary of a market research analyst.
The top three skills for a market risk analyst include risk management, derivative and VAR. The most important skills for a market research analyst are powerpoint, data analysis, and SPSS.
| Market Risk Analyst | Market Research Analyst | |
| Yearly salary | $90,794 | $51,688 |
| Hourly rate | $43.65 | $24.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 40,595 | 71,240 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 72% |
| 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.
A market research analyst is an individual who studies the market conditions so that he/she or she can examine the potential sales of an organization's product or service. Market research analysts are required to devise and evaluate methods for collecting data such as surveys, focus groups, and opinion polls. They must interpret the data they have collected and presented their findings to executives and clients to help them make better-informed decisions. Market research analysts are also required to create visuals of industry trends and competitors so the company can predict how it fares in the marketplace.
Market risk analysts and market research analysts have different pay scales, as shown below.
| Market Risk Analyst | Market Research Analyst | |
| Average salary | $90,794 | $51,688 |
| Salary range | Between $63,000 And $130,000 | Between $36,000 And $73,000 |
| Highest paying City | Jersey City, NJ | Seattle, WA |
| Highest paying state | New Jersey | Delaware |
| Best paying company | Calpine | Imply |
| Best paying industry | Utilities | Technology |
There are a few differences between a market risk analyst and a market research analyst in terms of educational background:
| Market Risk Analyst | Market Research Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 72% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between market risk analysts' and market research analysts' demographics:
| Market Risk Analyst | Market Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 74.2% Female, 25.8% | Male, 51.2% Female, 48.8% |
| 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, 11.3% Asian, 14.3% White, 64.7% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |