Post job

Risk analyst vs associate analyst

The differences between risk analysts and associate 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 risk analyst and an associate analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $68,161 average annual salary of an associate analyst.

The top three skills for a risk analyst include risk management, risk assessments and powerpoint. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.

Risk analyst vs associate analyst overview

Risk AnalystAssociate Analyst
Yearly salary$81,484$68,161
Hourly rate$39.17$32.77
Growth rate9%9%
Number of jobs71,28497,311
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 72%
Average age4040
Years of experience44

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.

What does an associate analyst do?

An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.

Risk analyst vs associate analyst salary

Risk analysts and associate analysts have different pay scales, as shown below.

Risk AnalystAssociate Analyst
Average salary$81,484$68,161
Salary rangeBetween $59,000 And $112,000Between $47,000 And $98,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateConnecticutNew York
Best paying companyThe CitadelApollo Global Management
Best paying industryManufacturingFinance

Differences between risk analyst and associate analyst education

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

Risk AnalystAssociate Analyst
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 72%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Risk analyst vs associate analyst demographics

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

Risk AnalystAssociate Analyst
Average age4040
Gender ratioMale, 53.4% Female, 46.6%Male, 52.3% Female, 47.7%
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 risk analyst and associate analyst duties and responsibilities

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

Associate analyst example responsibilities.

  • Lead negotiations of a new partnership with logistics company to save an estimate $40K per year in freight expense.
  • Manage Salesforce account with customer credentials
  • Manage project team meetings using SharePoint calendars.
  • Log, assign, and tracks' request, files, documents in DHS database.
  • Attend briefings of several different DoD agencies to learn their respective equities.
  • Implement targeted changes to C++ application to execute algorithm experiments from MATLAB.
  • Show more

Risk analyst vs associate analyst skills

Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%
Common associate analyst skills
  • Customer Service, 8%
  • PowerPoint, 7%
  • Data Analysis, 7%
  • Healthcare, 6%
  • Portfolio, 6%
  • Tableau, 4%

Browse business and financial jobs