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The differences between risk analysts and senior 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 senior finance analyst. Additionally, a senior finance analyst has an average salary of $83,222, 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 finance analyst are financial analysis, hyperion, and financial models.
| Risk Analyst | Senior Finance Analyst | |
| Yearly salary | $81,484 | $83,222 |
| Hourly rate | $39.17 | $40.01 |
| Growth rate | 9% | 9% |
| Number of jobs | 71,284 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| 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 Senior Financial Analyst's role is to oversee the financial aspects and manage fellow analysts in a company. Among the tasks of a Senior Financial Analyst include conducting research and analysis, providing forecast in revenue and expenditures, creating financial models that would suit the company and project more sales, and take part in the planning of finances. Moreover, being a Senior Financial Analyst means leading a team of skilled professionals in the same field of expertise.
Risk analysts and senior finance analysts have different pay scales, as shown below.
| Risk Analyst | Senior Finance Analyst | |
| Average salary | $81,484 | $83,222 |
| Salary range | Between $59,000 And $112,000 | Between $62,000 And $110,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | The Citadel | |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a risk analyst and a senior finance analyst in terms of educational background:
| Risk Analyst | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between risk analysts' and senior finance analysts' demographics:
| Risk Analyst | Senior Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 53.4% Female, 46.6% | Male, 61.7% Female, 38.3% |
| 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% |