Risk management consultant vs data consultant

The differences between risk management consultants and data consultants 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 management consultant and a data consultant. Additionally, a data consultant has an average salary of $94,945, which is higher than the $91,520 average annual salary of a risk management consultant.

The top three skills for a risk management consultant include project management, infrastructure and risk assessments. The most important skills for a data consultant are analytics, data quality, and data management.

Risk management consultant vs data consultant overview

	Risk Management Consultant	Data Consultant
Yearly salary	$91,520	$94,945
Hourly rate	$44.00	$45.65
Growth rate	11%	11%
Number of jobs	122,293	149,791
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 61%
Average age	44	44
Years of experience	4	4

What does a risk management consultant do?

A Risk Management Consultant is responsible for identifying potential risks that may affect the company's performance and strategize techniques to mitigate risks. Risk management consultants evaluate the operational processes and ensure adherence to business requirements and regulations. They also identify opportunities that would increase the company's brand image to the market and generate more revenue resources to improve profitability. A Risk Management Consultant facilitates training programs and activities for the employees and implements policies to prevent operational delays and process failures.

What does a data consultant do?

A data consultant is primarily responsible for devising strategies on finding data and utilizing them according to the needs of a company. Most of the time, they are in charge of gathering data through various means and opportunities, maintaining and designing a database, coordinating with multiple data specialists, inspecting data for any inconsistencies, and performing corrective measures. Furthermore, a data consultant may develop systems and networks for data storage, all while adhering to the policies and standards of the company.

Risk management consultant vs data consultant salary

Risk management consultants and data consultants have different pay scales, as shown below.

	Risk Management Consultant	Data Consultant
Average salary	$91,520	$94,945
Salary range	Between $68,000 And $123,000	Between $70,000 And $127,000
Highest paying City	Jersey City, NJ	San Francisco, CA
Highest paying state	New Jersey	California
Best paying company	Riskmetrics Group Holdings LLC	Google
Best paying industry	Insurance	Health Care

Differences between risk management consultant and data consultant education

There are a few differences between a risk management consultant and a data consultant in terms of educational background:

	Risk Management Consultant	Data Consultant
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Risk management consultant vs data consultant demographics

Here are the differences between risk management consultants' and data consultants' demographics:

	Risk Management Consultant	Data Consultant
Average age	44	44
Gender ratio	Male, 66.1% Female, 33.9%	Male, 63.2% Female, 36.8%
Race ratio	Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 8.7% Asian, 14.4% White, 64.5% American Indian and Alaska Native, 0.2%	Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.3% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between risk management consultant and data consultant duties and responsibilities

Risk management consultant example responsibilities.

Lead clients in establishing information security policies and procedures to establish SOX compliance.
Analyze and manage implementation of operational and organizational structures and technology architectures in addition to ERP package selection.
Manage a team responsible for designing service-orient application architecture, standards and best practices guidelines, security and data access frameworks.
Conduct data-mining training sessions using SAS for managers and support personnel at major financial institutions.
Correct audit deficiencies to be GAAP compliant.
Develop accurate and reliable financial reports that comply with GAAP.

Data consultant example responsibilities.

Used SSRS to create and manage a number of complex reports according to user specifications.
Analyze, document and manage all project requirements and changes to the requirements throughout the SDLC.
Design and manage postgres database schemas; configure postgres servers in Linux environments to meet business requirements.
Manage weapon system project websites via SharePoint, including troubleshooting technical issues and developing guidelines for public/private information and user permissions.
Implement data extraction, transformation and load processes in a parallel framework.
Compile a written report highlighting exploratory data analysis, visualization, and predictions.

Risk management consultant vs data consultant skills

Common risk management consultant skills

Project Management, 9%
Infrastructure, 8%
Risk Assessments, 6%
NIST, 5%
Internal Controls, 5%
Healthcare, 5%

Common data consultant skills

Analytics, 13%
Data Quality, 7%
Data Management, 6%
Data Governance, 5%
Informatica, 4%
Master Data, 4%

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Risk Management Consultant
Risk Management Consultant vs Data Consultant

Updated January 8, 2025

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