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Risk analyst vs finance advisor

The differences between risk analysts and finance advisors 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 finance advisor. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $64,993 average annual salary of a finance advisor.

The top three skills for a risk analyst include risk management, risk assessments and powerpoint. The most important skills for a finance advisor are team support, wealth management, and securities.

Risk analyst vs finance advisor overview

Risk AnalystFinance Advisor
Yearly salary$81,484$64,993
Hourly rate$39.17$31.25
Growth rate9%15%
Number of jobs71,284106,311
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 74%
Average age4045
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 finance advisor do?

A Financial Advisor specializes in sharing their expertise with an individual or company on how to handle and boost finances. The responsibilities of a Financial Advisor include creating and proposing a strategy to attain financial gains through profits and investments, educating the client about new methods and opportunities, monitor and evaluate progress, and as well as plan policies according to the clients' life changes. Furthermore, it is also the duty of the Financial Advisor to research new investments that would be of great help to the client's assets.

Risk analyst vs finance advisor salary

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

Risk AnalystFinance Advisor
Average salary$81,484$64,993
Salary rangeBetween $59,000 And $112,000Between $34,000 And $121,000
Highest paying CitySan Francisco, CANew York, NY
Highest paying stateConnecticutNew York
Best paying companyThe CitadelEnbridge
Best paying industryManufacturingFinance

Differences between risk analyst and finance advisor education

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

Risk AnalystFinance Advisor
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 74%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Minnesota - Twin Cities

Risk analyst vs finance advisor demographics

Here are the differences between risk analysts' and finance advisors' demographics:

Risk AnalystFinance Advisor
Average age4045
Gender ratioMale, 53.4% Female, 46.6%Male, 72.3% Female, 27.7%
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, 4.4% Hispanic or Latino, 9.5% Asian, 8.3% White, 72.1% American Indian and Alaska Native, 0.1%
LGBT Percentage7%5%

Differences between risk analyst and finance advisor 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

Finance advisor example responsibilities.

  • Manage all budget and forecast submissions into Hyperion.
  • Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
  • Structure and manage investment portfolios using a range of financial instruments, including equity securities and fix income instruments.
  • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
  • Research eligibility and status of all Medicare and Medicaid patients.
  • Perform portfolio analysis using MorningStar workstation and complete cost basis research project.
  • Show more

Risk analyst vs finance advisor skills

Common risk analyst skills
  • Risk Management, 19%
  • Risk Assessments, 6%
  • PowerPoint, 6%
  • Portfolio, 5%
  • Data Analysis, 4%
  • SAS, 3%
Common finance advisor skills
  • Team Support, 7%
  • Wealth Management, 7%
  • Securities, 6%
  • Strong Computer, 6%
  • Financial Services, 6%
  • Client Facing, 5%

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