Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between risk analysts and business & finance 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 a business & finance analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a risk analyst include risk management, risk assessments and powerpoint. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Risk Analyst | Business & Finance Analyst | |
| Yearly salary | $81,484 | $70,514 |
| Hourly rate | $39.17 | $33.90 |
| Growth rate | 9% | 9% |
| Number of jobs | 71,284 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| 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.
A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Risk analysts and business & finance analysts have different pay scales, as shown below.
| Risk Analyst | Business & Finance Analyst | |
| Average salary | $81,484 | $70,514 |
| Salary range | Between $59,000 And $112,000 | Between $50,000 And $99,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Connecticut | Washington |
| Best paying company | The Citadel | |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a risk analyst and a business & finance analyst in terms of educational background:
| Risk Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between risk analysts' and business & finance analysts' demographics:
| Risk Analyst | Business & Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 53.4% Female, 46.6% | Male, 55.6% Female, 44.4% |
| 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% |