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The differences between market risk analysts and 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 research analyst. Additionally, a market risk analyst has an average salary of $90,794, which is higher than the $70,232 average annual salary of a research analyst.
The top three skills for a market risk analyst include risk management, derivative and VAR. The most important skills for a research analyst are data analysis, data collection, and research projects.
| Market Risk Analyst | Research Analyst | |
| Yearly salary | $90,794 | $70,232 |
| Hourly rate | $43.65 | $33.77 |
| Growth rate | 19% | 19% |
| Number of jobs | 40,595 | 81,374 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 70% |
| 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 research analyst is responsible for providing a company with insights and advice concerning finance, investments, and expenditures. Utilizing their analytical skills and extensive expertise in marketing, they analyze the trends and significant factors to conclude which decision should be the best to make. They can also take part in conducting an in-depth analysis of a business and examine which areas require improvement or has potential. Furthermore, they may work with a company or independently as a freelance analyst.
Market risk analysts and research analysts have different pay scales, as shown below.
| Market Risk Analyst | Research Analyst | |
| Average salary | $90,794 | $70,232 |
| Salary range | Between $63,000 And $130,000 | Between $45,000 And $107,000 |
| Highest paying City | Jersey City, NJ | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Calpine | The Citadel |
| Best paying industry | Utilities | Finance |
There are a few differences between a market risk analyst and a research analyst in terms of educational background:
| Market Risk Analyst | Research Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 70% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between market risk analysts' and research analysts' demographics:
| Market Risk Analyst | Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 74.2% Female, 25.8% | Male, 50.8% Female, 49.2% |
| 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% |