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The differences between operational risk analysts and decision 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 $79,900 average annual salary of a decision analyst.
The top three skills for an operational risk analyst include risk management, operational risk and risk assessments. The most important skills for a decision analyst are data analysis, SQL, and SAS.
| Operational Risk Analyst | Decision Analyst | |
| Yearly salary | $82,457 | $79,900 |
| Hourly rate | $39.64 | $38.41 |
| Growth rate | 23% | 23% |
| Number of jobs | 24,212 | 62,744 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 64% |
| Average age | 45 | 45 |
| Years of experience | - | - |
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.
A decision analyst helps companies make decisions using different research strategies and mathematical equations based on relevant data. Although their duties vary upon their industry or company of employment, it usually includes understanding the company's vision and mission, conducting market research and analyses, gathering and interpreting data, analyzing consumer feedback, developing sales forecasts, performing risk assessments, and studying the competition. Through their research findings, a decision analyst comes to a conclusion and develops recommendations that will not just help make decisions but also be vital in optimizing procedures and solving existing issues.
Operational risk analysts and decision analysts have different pay scales, as shown below.
| Operational Risk Analyst | Decision Analyst | |
| Average salary | $82,457 | $79,900 |
| Salary range | Between $60,000 And $112,000 | Between $57,000 And $110,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Maryland | Washington |
| Best paying company | PayPal | Meta |
| Best paying industry | Automotive | Finance |
There are a few differences between an operational risk analyst and a decision analyst in terms of educational background:
| Operational Risk Analyst | Decision Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Columbia University in the City of New York |
Here are the differences between operational risk analysts' and decision analysts' demographics:
| Operational Risk Analyst | Decision Analyst | |
| Average age | 45 | 45 |
| Gender ratio | Male, 45.5% Female, 54.5% | Male, 53.3% Female, 46.7% |
| 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, 11.9% Unknown, 5.9% Hispanic or Latino, 12.9% Asian, 13.7% White, 55.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 9% | 9% |