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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 | Risk Analyst | |
| Yearly salary | $77,005 | $81,484 |
| Hourly rate | $37.02 | $39.17 |
| Growth rate | 9% | 9% |
| Number of jobs | 106,230 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
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.
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 analysts and risk analysts have different pay scales, as shown below.
| Project Finance Analyst | Risk Analyst | |
| Average salary | $77,005 | $81,484 |
| Salary range | Between $54,000 And $108,000 | Between $59,000 And $112,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Pennsylvania | Connecticut |
| Best paying company | The Citadel | |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a project finance analyst and a risk analyst in terms of educational background:
| Project Finance Analyst | Risk Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between project finance analysts' and risk analysts' demographics:
| Project Finance Analyst | Risk Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 48.8% Female, 51.2% | 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% |