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The differences between operational risk analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, an operational risk analyst has an average salary of $82,457, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for an operational risk analyst include risk management, operational risk and risk assessments. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Operational Risk Analyst | Analyst | |
| Yearly salary | $82,457 | $73,007 |
| Hourly rate | $39.64 | $35.10 |
| Growth rate | 23% | 11% |
| Number of jobs | 24,212 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 45 | 44 |
| Years of experience | - | 4 |
An operational risk analyst is responsible for evaluating the company's operational processes and policies and identify procedures that pose risks for the business. Operational risk analysts strategize techniques to minimize financial loss and prevent operational hazards that may cause delays in operation and affect the quality of deliverables. They analyze incident reports and other underlying factors to improve services and develop opportunities that would bring more revenue resources and profits for the business. An operational risk analyst may also facilitate safety training and programs for employees to reiterate guidelines and regulations for compliance.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Operational risk analysts and analysts have different pay scales, as shown below.
| Operational Risk Analyst | Analyst | |
| Average salary | $82,457 | $73,007 |
| Salary range | Between $60,000 And $112,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Maryland | New Jersey |
| Best paying company | PayPal | The Citadel |
| Best paying industry | Automotive | Technology |
There are a few differences between an operational risk analyst and an analyst in terms of educational background:
| Operational Risk Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Northwestern University |
Here are the differences between operational risk analysts' and analysts' demographics:
| Operational Risk Analyst | Analyst | |
| Average age | 45 | 44 |
| Gender ratio | Male, 45.5% Female, 54.5% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 12.4% Unknown, 6.0% Hispanic or Latino, 14.3% Asian, 10.4% White, 56.3% American Indian and Alaska Native, 0.6% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 9% | 12% |