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Risk management internship vs accounts payable manager

The differences between risk management interns and accounts payable managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a risk management internship and an accounts payable manager. Additionally, an accounts payable manager has an average salary of $69,808, which is higher than the $46,800 average annual salary of a risk management internship.

The top three skills for a risk management internship include risk management, powerpoint and python. The most important skills for an accounts payable manager are customer service, reconciliations, and purchase orders.

Risk management internship vs accounts payable manager overview

Risk Management InternshipAccounts Payable Manager
Yearly salary$46,800$69,808
Hourly rate$22.50$33.56
Growth rate17%17%
Number of jobs120,19853,384
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 58%
Average age4646
Years of experience88

What does a risk management internship do?

A risk management intern is responsible for assisting the risk management department in identifying potential risks on business functions and developing risk controls and procedures upon risk assessment. Risk management interns perform administrative duties under the supervision of tenured staff or a direct manager, such as writing risk evaluation reports, monitoring system failures, determining the risk levels, and supporting the implementation of business continuity plans. A risk management intern must have excellent communication and analytical skills, especially when conducting data analysis and reporting critical findings to the supervisor.

What does an accounts payable manager do?

An accounts payable manager is in charge of supervising a company's financial activities, particularly in all payable matters. Their primary responsibilities revolve around managing and assessing staff performances and overseeing check and payroll disbursements. They also take care of maintaining and securing records of employees, clients, and company finances, and implement company objectives while ensuring accuracy in all operations. Furthermore, as a manager, it is essential to uphold all company policies and regulations, all while leading and encouraging staff in a joint effort to accomplish goals and tasks.

Risk management internship vs accounts payable manager salary

Risk management interns and accounts payable managers have different pay scales, as shown below.

Risk Management InternshipAccounts Payable Manager
Average salary$46,800$69,808
Salary rangeBetween $25,000 And $86,000Between $51,000 And $95,000
Highest paying City-Beaverton, OR
Highest paying state-Oregon
Best paying company-Microsoft
Best paying industry-Finance

Differences between risk management internship and accounts payable manager education

There are a few differences between a risk management internship and an accounts payable manager in terms of educational background:

Risk Management InternshipAccounts Payable Manager
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 58%
Most common majorFinanceAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Risk management internship vs accounts payable manager demographics

Here are the differences between risk management interns' and accounts payable managers' demographics:

Risk Management InternshipAccounts Payable Manager
Average age4646
Gender ratioMale, 56.1% Female, 43.9%Male, 24.0% Female, 76.0%
Race ratioBlack or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 11.9% Asian, 11.4% White, 64.3% American Indian and Alaska Native, 0.3%Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 8.0% White, 64.3% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between risk management internship and accounts payable manager duties and responsibilities

Risk management internship example responsibilities.

  • Perform spreadsheet calculation as part of the ratio analysis process and apply VBA to automate analysis.
  • Develop a risk model by using VBA to analyze the controllability of portfolios manage by the company.
  • Develop programs using ACL and SAS to automate journal entry testing and statistically analyze accounts with greater risks.
  • Manage internal SharePoint website for publishing informational materials.
  • Update, develop, and maintain the SharePoint site which stores ERM documents.
  • Develop statistical programs using SAS to monitor residential mortgage loan application quality and track loan portfolio performance.
  • Show more

Accounts payable manager example responsibilities.

  • Manage bi-weekly payroll, bonuses, pay cards, PTO.
  • Collect, enter & manage the quality of information require to produce accurate information report to IRS.
  • Authorize all AP payment invoices, manage deposits and cash management functions, while providing overall complete payroll oversight.
  • Refine the 'pro forma invoice' system process to manage prepayments of client invoices enhancing efficiency and adding value.
  • Assist in computer software upgrade to integrate all accounting functions including pricing, AP, AR, GL and inventory.
  • Ensure timely and efficient processing of authorize AP invoices and cash disbursements, as well as AR invoices and cash receipts.
  • Show more

Risk management internship vs accounts payable manager skills

Common risk management internship skills
  • Risk Management, 23%
  • PowerPoint, 8%
  • Python, 5%
  • Data Analysis, 4%
  • SQL, 4%
  • Portfolio, 3%
Common accounts payable manager skills
  • Customer Service, 7%
  • Reconciliations, 6%
  • Purchase Orders, 5%
  • Vendor Invoices, 5%
  • Financial Statements, 4%
  • Payroll, 4%

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