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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 | Associate Analyst | |
| Yearly salary | $81,484 | $68,161 |
| Hourly rate | $39.17 | $32.77 |
| Growth rate | 9% | 9% |
| Number of jobs | 71,284 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 72% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
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.
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 analysts and associate analysts have different pay scales, as shown below.
| Risk Analyst | Associate Analyst | |
| Average salary | $81,484 | $68,161 |
| Salary range | Between $59,000 And $112,000 | Between $47,000 And $98,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Connecticut | New York |
| Best paying company | The Citadel | Apollo Global Management |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a risk analyst and an associate analyst in terms of educational background:
| Risk Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between risk analysts' and associate analysts' demographics:
| Risk Analyst | Associate Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 53.4% Female, 46.6% | Male, 52.3% Female, 47.7% |
| 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% |