Reporting analyst vs risk analyst

The differences between reporting 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 reporting analyst and a risk analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $73,478 average annual salary of a reporting analyst.

The top three skills for a reporting analyst include power bi, data analysis and dashboards. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.

Reporting analyst vs risk analyst overview

	Reporting Analyst	Risk Analyst
Yearly salary	$73,478	$81,484
Hourly rate	$35.33	$39.17
Growth rate	11%	9%
Number of jobs	87,731	71,284
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 71%
Average age	44	40
Years of experience	4	4

What does a reporting analyst do?

As a reporting analyst, you are responsible for collecting relevant reports, analyzing raw data, writing, and delivering executive-ready qualitative and/or quantitative reports as per clients' requirements. The results collected will be communicated to managers or clients, who will then provide suggestions based on their findings. This person must have excellent quantitative & qualitative analytical skills, a strong eye for detail, strong organizational and multitasking abilities, and be able to work on tight deadlines. Intermediate to advanced knowledge of Excel is a must for this position.

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.

Reporting analyst vs risk analyst salary

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

	Reporting Analyst	Risk Analyst
Average salary	$73,478	$81,484
Salary range	Between $56,000 And $95,000	Between $59,000 And $112,000
Highest paying City	San Francisco, CA	San Francisco, CA
Highest paying state	Washington	Connecticut
Best paying company	Meta	The Citadel
Best paying industry	Finance	Manufacturing

Differences between reporting analyst and risk analyst education

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

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

Reporting analyst vs risk analyst demographics

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

	Reporting Analyst	Risk Analyst
Average age	44	40
Gender ratio	Male, 54.1% Female, 45.9%	Male, 53.4% Female, 46.6%
Race ratio	Black or African American, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.4% White, 65.0% 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 reporting analyst and risk analyst duties and responsibilities

Reporting analyst example responsibilities.

Accomplish in SOX compliance & internal audit & testing, business process documentation and supervising employee.
Help manage SOX program for organization including control development.
Manage data extractions to review attrition rates, management communication and annual review process through demographics study.
Lead development of MicroStrategy base reporting system that clearly highlight previously unclear revenue from different customer segments.
Charge with and achieve the production of accurate and timely monthly investor reports and reconciliations in accordance with applicable service agreements.
Gather business requirements and deliver business analytics base solutions using structured/unstructure business data to help achieve measurable business outcomes for clients.

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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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Reporting analyst vs risk analyst skills

Common reporting analyst skills

Power Bi, 9%
Data Analysis, 8%
Dashboards, 8%
BI, 6%
Analyze Data, 6%
PowerPoint, 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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