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The differences between program finance 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 program finance analyst and a risk analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $57,254 average annual salary of a program finance analyst.
The top three skills for a program finance analyst include financial analysis, variance analysis and program management. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Program Finance Analyst | Risk Analyst | |
| Yearly salary | $57,254 | $81,484 |
| Hourly rate | $27.53 | $39.17 |
| Growth rate | 9% | 9% |
| Number of jobs | 154,305 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A program finance analyst is an individual who supports the execution of program financial services to ensure effective and transparent utilization of financial resources. Program finance analysts must obtain and compile information regarding the credit history of loan applicants, corporate financial statements, and other financial information. They communicate with faculty members and business administrators about the company's financial status and provide recommendations for strategic planning. Program finance analysts must also monitor the financial performance of a project and provide analysis for project managers concerning burn rates and potential overruns.
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.
Program finance analysts and risk analysts have different pay scales, as shown below.
| Program Finance Analyst | Risk Analyst | |
| Average salary | $57,254 | $81,484 |
| Salary range | Between $42,000 And $76,000 | Between $59,000 And $112,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Connecticut |
| Best paying company | Microsoft | The Citadel |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a program finance analyst and a risk analyst in terms of educational background:
| Program Finance Analyst | Risk Analyst | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between program finance analysts' and risk analysts' demographics:
| Program Finance Analyst | Risk Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 53.5% Female, 46.5% | Male, 53.4% Female, 46.6% |
| Race ratio | 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% | 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 | 7% | 7% |