Performance analyst vs risk analyst

The differences between performance analysts and risk analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a performance analyst and a risk analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $76,906 average annual salary of a performance analyst.

The top three skills for a performance analyst include data analysis, powerpoint and visualization. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.

Performance analyst vs risk analyst overview

	Performance Analyst	Risk Analyst
Yearly salary	$76,906	$81,484
Hourly rate	$36.97	$39.17
Growth rate	11%	9%
Number of jobs	70,065	71,284
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 71%
Average age	44	40
Years of experience	4	4

What does a performance analyst do?

The duties of a performance analyst depend on one's place or industry employment. Typically, it is their responsibility to evaluate the performance of different systems within a company and review its financial history and activities. They must conduct extensive research and analysis, report findings, and provide advice on improving areas of concern. They may also assess the performances of employees and recommend additional forms of training if necessary. Furthermore, it is essential to adhere to all the policies and regulations of the company.

What does a risk analyst do?

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.

Performance analyst vs risk analyst salary

Performance analysts and risk analysts have different pay scales, as shown below.

	Performance Analyst	Risk Analyst
Average salary	$76,906	$81,484
Salary range	Between $57,000 And $102,000	Between $59,000 And $112,000
Highest paying City	Seattle, WA	San Francisco, CA
Highest paying state	Maryland	Connecticut
Best paying company	Meta	The Citadel
Best paying industry	Finance	Manufacturing

Differences between performance analyst and risk analyst education

There are a few differences between a performance analyst and a risk analyst in terms of educational background:

	Performance Analyst	Risk Analyst
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Performance analyst vs risk analyst demographics

Here are the differences between performance analysts' and risk analysts' demographics:

	Performance Analyst	Risk Analyst
Average age	44	40
Gender ratio	Male, 59.9% Female, 40.1%	Male, 53.4% Female, 46.6%
Race ratio	Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2%	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	12%	7%

Differences between performance analyst and risk analyst duties and responsibilities

Performance analyst example responsibilities.

Manage SharePoint inter-office documentation in relation to projects and internal processes.
Charge with and achieve the production of accurate and timely monthly investor reports and reconciliations in accordance with applicable service agreements.
Develop SQL scripts and store procedures using PL/SQL.
Involve in setting up the JMETER tool on various environments.
Develop presentations (PowerPoint) to be deliver to prospective clients.
Create custom Java jobs for server log analysis and graph plotting.

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Risk analyst example responsibilities.

Create programs in Java to automate trade execution and ensure market clear downloads are facilitate by the same.
Manage financial derivative models to ensure accurate calculation, structure and pricing.
Manage investigation and reporting of occurrences to applicable regulatory agencies when indicate and facilitate disclosure to patients and families.
Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
Manage treasury workstation steering team for automation of core treasury operations for increase reliability of financial reporting and decision making.
Use SAS and SQL to originate and maintain analytic data marts and automate reporting.

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Performance analyst vs risk analyst skills

Common performance analyst skills

Data Analysis, 9%
PowerPoint, 7%
Visualization, 6%
Customer Service, 6%
Process Improvement, 5%
Data Collection, 5%

Common risk analyst skills

Risk Management, 19%
Risk Assessments, 6%
PowerPoint, 6%
Portfolio, 5%
Data Analysis, 4%
SAS, 3%

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Updated January 8, 2025

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