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The differences between market risk analysts and product 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 product analyst takes usually requires 2-4 years. Additionally, a market risk analyst has an average salary of $90,794, which is higher than the $79,316 average annual salary of a product analyst.
The top three skills for a market risk analyst include risk management, derivative and VAR. The most important skills for a product analyst are tableau, data analysis, and product management.
| Market Risk Analyst | Product Analyst | |
| Yearly salary | $90,794 | $79,316 |
| Hourly rate | $43.65 | $38.13 |
| Growth rate | 19% | 11% |
| Number of jobs | 40,595 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 73% |
| 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.
A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.
Market risk analysts and product analysts have different pay scales, as shown below.
| Market Risk Analyst | Product Analyst | |
| Average salary | $90,794 | $79,316 |
| Salary range | Between $63,000 And $130,000 | Between $56,000 And $111,000 |
| Highest paying City | Jersey City, NJ | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Calpine | Meta |
| Best paying industry | Utilities | Technology |
There are a few differences between a market risk analyst and a product analyst in terms of educational background:
| Market Risk Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 73% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between market risk analysts' and product analysts' demographics:
| Market Risk Analyst | Product Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 74.2% Female, 25.8% | Male, 53.2% Female, 46.8% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |