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The differences between market risk analysts and risk 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 risk analyst takes usually requires 2-4 years. Additionally, a market risk analyst has an average salary of $90,794, which is higher than the $81,484 average annual salary of a risk analyst.
The top three skills for a market risk analyst include risk management, derivative and VAR. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Market Risk Analyst | Risk Analyst | |
| Yearly salary | $90,794 | $81,484 |
| Hourly rate | $43.65 | $39.17 |
| Growth rate | 19% | 9% |
| Number of jobs | 40,595 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 71% |
| Average age | 37 | 40 |
| 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.
As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions. You will be responsible for aggregating data from several sources to develop a comprehensive assessment and create reports, processes, and presentations to better present results. You are also expected to work closely with other team members to analyze and show data effectively.
Market risk analysts and risk analysts have different pay scales, as shown below.
| Market Risk Analyst | Risk Analyst | |
| Average salary | $90,794 | $81,484 |
| Salary range | Between $63,000 And $130,000 | Between $59,000 And $112,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Calpine | The Citadel |
| Best paying industry | Utilities | Manufacturing |
There are a few differences between a market risk analyst and a risk analyst in terms of educational background:
| Market Risk Analyst | Risk Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between market risk analysts' and risk analysts' demographics:
| Market Risk Analyst | Risk Analyst | |
| Average age | 37 | 40 |
| Gender ratio | Male, 74.2% Female, 25.8% | Male, 53.4% Female, 46.6% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 7% |