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The differences between risk analysts and senior 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 senior analyst. Additionally, a senior analyst has an average salary of $84,799, 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 senior analyst are analytics, data analysis, and tableau.
| Risk Analyst | Senior Analyst | |
| Yearly salary | $81,484 | $84,799 |
| Hourly rate | $39.17 | $40.77 |
| Growth rate | 9% | 11% |
| Number of jobs | 71,284 | 159,807 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| Average age | 40 | 44 |
| 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 senior analyst's responsibilities will vary in every organization or industry. However, their primary role is to gain an understanding of a company's strengths and weaknesses. Through this, they can devise strategies and determine new opportunities that would be significant in attaining financial gains and a more substantial client base. Furthermore, it is a senior analyst's responsibility to coordinate with various departments, and even clients, to establish a rapport that will be essential in gaining the needed information to catapult a company to its finest.
Risk analysts and senior analysts have different pay scales, as shown below.
| Risk Analyst | Senior Analyst | |
| Average salary | $81,484 | $84,799 |
| Salary range | Between $59,000 And $112,000 | Between $63,000 And $112,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a risk analyst and a senior analyst in terms of educational background:
| Risk Analyst | Senior Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between risk analysts' and senior analysts' demographics:
| Risk Analyst | Senior Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 53.4% Female, 46.6% | Male, 61.8% Female, 38.2% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |