Risk management consultant vs management analyst

The differences between risk management consultants and management 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 management consultant and a management analyst. Additionally, a risk management consultant has an average salary of $91,520, which is higher than the $69,804 average annual salary of a management analyst.

The top three skills for a risk management consultant include project management, infrastructure and risk assessments. The most important skills for a management analyst are customer service, project management, and logistics.

Risk management consultant vs management analyst overview

	Risk Management Consultant	Management Analyst
Yearly salary	$91,520	$69,804
Hourly rate	$44.00	$33.56
Growth rate	11%	11%
Number of jobs	122,293	169,171
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 66%
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 management analyst do?

A management analyst is responsible for monitoring the efficiency and effectiveness of management operations, providing strategic advice and procedures to improve its services, and building excellent relationships with customers and business partners. Management analysts identify business opportunities that would help the business generate more revenues and meet long-term profitability goals. They develop techniques in maximizing productivity and optimization, recommending new systems, and upgrading existing processes. A management analyst must have excellent critical thinking and communication skills, especially when evaluating complex data and performance reports.

Risk management consultant vs management analyst salary

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

	Risk Management Consultant	Management Analyst
Average salary	$91,520	$69,804
Salary range	Between $68,000 And $123,000	Between $49,000 And $98,000
Highest paying City	Jersey City, NJ	Washington, DC
Highest paying state	New Jersey	New Jersey
Best paying company	Riskmetrics Group Holdings LLC	The Citadel
Best paying industry	Insurance	Professional

Differences between risk management consultant and management analyst education

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

	Risk Management Consultant	Management Analyst
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Risk management consultant vs management analyst demographics

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

	Risk Management Consultant	Management Analyst
Average age	44	44
Gender ratio	Male, 66.1% Female, 33.9%	Male, 46.5% Female, 53.5%
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, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.7% White, 65.2% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between risk management consultant and management analyst 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.

Management analyst example responsibilities.

Manage and mediate web communities for IRS online initiatives (management resource center, etc . )
Manage cross-functional and technical teams in the analysis, development, QA, implementation and support of products.
Update, manage, and configure Wiki and JIRA portals to reflect improvements and information sharing as the PMO evolves.
Perform reviews of select teams and programs to determine whether VBA and federal policies and guidelines are effectively implement and manage.
Lead JAD sessions to bring the business users and the scrum team to same converging point on requirements and change management.
Manage all technical documentation for PMI's certification program.

Risk management consultant vs management analyst skills

Common risk management consultant skills

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

Common management analyst skills

Customer Service, 9%
Project Management, 7%
Logistics, 5%
Data Analysis, 5%
Process Improvement, 4%
Management System, 4%

Risk Management Consultant vs. similar jobs

Risk Management Consultant related careers

Risk Management Consultant related jobs

What similar roles do

Zippia Careers
Business and Financial Industry
Risk Management Consultant
Risk Management Consultant vs Management Analyst

Updated January 8, 2025

Browse business and financial jobs