Post job

Risk analyst vs data scientist

The differences between risk analysts and data scientists 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 data scientist. Additionally, a data scientist has an average salary of $106,104, which is higher than the $81,484 average annual salary of a risk analyst.

The top three skills for a risk analyst include risk management, risk assessments and powerpoint. The most important skills for a data scientist are python, data science, and visualization.

Risk analyst vs data scientist overview

Risk AnalystData Scientist
Yearly salary$81,484$106,104
Hourly rate$39.17$51.01
Growth rate9%16%
Number of jobs71,284106,973
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 51%
Average age4041
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 a data scientist do?

A Data Scientist analyzes information from multiple sources in order to gain maximum insight that can give the company a competitive advantage. They work in different domains, including manufacturing, healthcare, education, and finance.

Risk analyst vs data scientist salary

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

Risk AnalystData Scientist
Average salary$81,484$106,104
Salary rangeBetween $59,000 And $112,000Between $75,000 And $148,000
Highest paying CitySan Francisco, CARichmond, CA
Highest paying stateConnecticutCalifornia
Best paying companyThe CitadelThe Citadel
Best paying industryManufacturingStart-up

Differences between risk analyst and data scientist education

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

Risk AnalystData Scientist
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 51%
Most common majorBusinessComputer Science
Most common collegeUniversity of PennsylvaniaColumbia University in the City of New York

Risk analyst vs data scientist demographics

Here are the differences between risk analysts' and data scientists' demographics:

Risk AnalystData Scientist
Average age4041
Gender ratioMale, 53.4% Female, 46.6%Male, 79.6% Female, 20.4%
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, 4.2% Unknown, 5.4% Hispanic or Latino, 6.9% Asian, 18.8% White, 64.2% American Indian and Alaska Native, 0.6%
LGBT Percentage7%9%

Differences between risk analyst and data scientist 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

Data scientist example responsibilities.

  • Update, maintain, and manage regional CRM database and records for customers, vendors, and suppliers.
  • Configure and manage JobScope ERP system for a make-to-order/make-to-stock design and manufacturing environment.
  • Lead the analysis in SAS for data integration of mortality data using meta-analysis integration methods.
  • Implement a proximal stochastic gradient descent with a line search to fit a regularize logistic regression in Scala
  • Perform cross-validation-test on linear regression model of data using scikit-learn.
  • Develop python base statistical visualization to provide insights of fuzzy social media data.
  • Show more

Risk analyst vs data scientist skills

Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%
Common data scientist skills
  • Python, 13%
  • Data Science, 10%
  • Visualization, 5%
  • Java, 4%
  • Hadoop, 4%
  • Tableau, 3%

Browse business and financial jobs