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Project finance analyst vs risk analyst

The differences between project 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 project finance analyst and a risk analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $77,005 average annual salary of a project finance analyst.

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

Project finance analyst vs risk analyst overview

Project Finance AnalystRisk Analyst
Yearly salary$77,005$81,484
Hourly rate$37.02$39.17
Growth rate9%9%
Number of jobs106,23071,284
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 71%
Average age4040
Years of experience44

What does a project finance analyst do?

A project finance analyst is responsible for analyzing the financial needs and reports of an organization's project management system. Project finance analysts review project terms and expense forecasting and identify strategies to minimize financial loss. They also resolve account discrepancies and file accurate financial statements upon the assessment of project plans, resources, and timetables. A project finance analyst must have excellent communication and analytical skills to determine potential risks and enhance the company's portfolio for business proposals.

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.

Project finance analyst vs risk analyst salary

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

Project Finance AnalystRisk Analyst
Average salary$77,005$81,484
Salary rangeBetween $54,000 And $108,000Between $59,000 And $112,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying statePennsylvaniaConnecticut
Best paying companyGoogleThe Citadel
Best paying industryManufacturingManufacturing

Differences between project finance analyst and risk analyst education

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

Project Finance AnalystRisk Analyst
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Project finance analyst vs risk analyst demographics

Here are the differences between project finance analysts' and risk analysts' demographics:

Project Finance AnalystRisk Analyst
Average age4040
Gender ratioMale, 48.8% Female, 51.2%Male, 53.4% Female, 46.6%
Race ratioBlack 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 Percentage7%7%

Differences between project finance analyst and risk analyst duties and responsibilities

Project finance analyst example responsibilities.

  • Lead a reconciliations project team responsible for the implementing new systemic reconciliations replacing manual and legacy processes.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Work with the accounting team to ensure revenue recognition rules where in compliance with GAAP and internal policy.
  • Ensure that budgets are loaded into ERP properly and tie to control totals
  • Complete coursework through PeopleSoft in order to thoroughly understand each module's processes.
  • Identify and implement optimal manner of extracting, purging and transferring data from old systems to PeopleSoft.
  • Show more

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.
  • Show more

Project finance analyst vs risk analyst skills

Common project finance analyst skills
  • Financial Analysis, 11%
  • Project Management, 9%
  • Financial Data, 4%
  • Strong Analytical, 4%
  • Hyperion, 3%
  • Financial Management, 3%
Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%

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