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Quantitative analyst vs risk analyst

The differences between quantitative 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 quantitative analyst and a risk analyst. Additionally, a quantitative analyst has an average salary of $101,197, which is higher than the $81,484 average annual salary of a risk analyst.

The top three skills for a quantitative analyst include python, SAS and risk management. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.

Quantitative analyst vs risk analyst overview

Quantitative AnalystRisk Analyst
Yearly salary$101,197$81,484
Hourly rate$48.65$39.17
Growth rate9%9%
Number of jobs48,64471,284
Job satisfaction--
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 71%
Average age4040
Years of experience44

What does a quantitative analyst do?

A quantitative analyst is trained to gather quantitative methods to help companies do business and make other related decisions. In the world of trading, quantitative analysts are in demand. It is their job as quantitative analysts to help banks value their securities. They identify cost-effective investment opportunities and measure risk. They can also work for the insurance companies to develop pricing models and assess risk evaluation strategies. Also, some quantitative analysts work on the back end to enhance computer software and to evaluate financial data.

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.

Quantitative analyst vs risk analyst salary

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

Quantitative AnalystRisk Analyst
Average salary$101,197$81,484
Salary rangeBetween $68,000 And $148,000Between $59,000 And $112,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkConnecticut
Best paying companyThe CitadelThe Citadel
Best paying industryTechnologyManufacturing

Differences between quantitative analyst and risk analyst education

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

Quantitative AnalystRisk Analyst
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 71%
Most common majorFinanceBusiness
Most common collegeUniversity of Notre DameUniversity of Pennsylvania

Quantitative analyst vs risk analyst demographics

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

Quantitative AnalystRisk Analyst
Average age4040
Gender ratioMale, 79.5% Female, 20.5%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 quantitative analyst and risk analyst duties and responsibilities

Quantitative analyst example responsibilities.

  • Manage and update early engagement processes daily through SharePoint.
  • Develop C++ codes and unix shell scripts in linux environment.
  • Perform extensive data and statistical analysis using advance packages like SAS to provide business solutions.
  • Develop predictive models using logistic regression and CHAID to target existing and prospective customers for catalog mailing events and online campaigns.
  • Create the next generation distribute C++ mortgage analytics library with Intex.
  • Present the visualization of results with Google motion charts and maps to UNDP representatives
  • 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

Quantitative analyst vs risk analyst skills

Common quantitative analyst skills
  • Python, 13%
  • SAS, 8%
  • Risk Management, 7%
  • Model Development, 5%
  • Statistical Models, 5%
  • C++, 4%
Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%

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