Risk management consultant vs senior finance consultant

The differences between risk management consultants and senior finance 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 senior finance consultant. Additionally, a senior finance consultant has an average salary of $97,689, 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 senior finance consultant are financial analysis, project management, and financial services.

Risk management consultant vs senior finance consultant overview

	Risk Management Consultant	Senior Finance Consultant
Yearly salary	$91,520	$97,689
Hourly rate	$44.00	$46.97
Growth rate	11%	9%
Number of jobs	122,293	112,032
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 71%
Average age	44	40
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 senior finance consultant do?

A senior finance consultant is responsible for helping clients manage their account portfolios, recommending investment options, and monitoring their finances. Senior finance consultants should have extensive knowledge of the financial industry, especially on working with clients and inform them of current financial services and strategize financial plans according to the clients' needs and best interests. They also respond to clients' inquiries and concerns regarding their account performance and financial discrepancies, resolving issues to achieve the clients' long-term financial goals and objectives.

Risk management consultant vs senior finance consultant salary

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

	Risk Management Consultant	Senior Finance Consultant
Average salary	$91,520	$97,689
Salary range	Between $68,000 And $123,000	Between $68,000 And $138,000
Highest paying City	Jersey City, NJ	San Francisco, CA
Highest paying state	New Jersey	California
Best paying company	Riskmetrics Group Holdings LLC	Dell
Best paying industry	Insurance	Technology

Differences between risk management consultant and senior finance consultant education

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

	Risk Management Consultant	Senior Finance Consultant
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Risk management consultant vs senior finance consultant demographics

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

	Risk Management Consultant	Senior Finance Consultant
Average age	44	40
Gender ratio	Male, 66.1% Female, 33.9%	Male, 68.2% Female, 31.8%
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, 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	12%	7%

Differences between risk management consultant and senior finance 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.

Senior finance consultant example responsibilities.

Manage contractor responsible for building a customize Hyperion Essbase cube.
Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
Review A/P & A/R aging with CFO weekly
Train employees on using the state PeopleSoft system for travel expense reimbursement.
Perform account adjustments, heavy reconciliation, as well as monthly closing of A/P, A/R and GL
Participate in cash management decisions and treasury functions.

Risk management consultant vs senior finance consultant skills

Common risk management consultant skills

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

Common senior finance consultant skills

Financial Analysis, 7%
Project Management, 6%
Financial Services, 5%
Strong Analytical, 4%
Shared Services, 4%
Risk Management, 3%

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Risk Management Consultant vs Senior Finance Consultant

Updated January 8, 2025

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