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The differences between risk management interns and branch 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 a branch manager. Additionally, a branch manager has an average salary of $56,291, 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 a branch manager are customer satisfaction, business development, and branch management.
| Risk Management Internship | Branch Manager | |
| Yearly salary | $46,800 | $56,291 |
| Hourly rate | $22.50 | $27.06 |
| Growth rate | 17% | 17% |
| Number of jobs | 120,198 | 333,883 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 65% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Risk management interns and branch managers have different pay scales, as shown below.
| Risk Management Internship | Branch Manager | |
| Average salary | $46,800 | $56,291 |
| Salary range | Between $25,000 And $86,000 | Between $39,000 And $80,000 |
| Highest paying City | - | Oakland, CA |
| Highest paying state | - | Alaska |
| Best paying company | - | FNB |
| Best paying industry | - | Professional |
There are a few differences between a risk management internship and a branch manager in terms of educational background:
| Risk Management Internship | Branch Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 65% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between risk management interns' and branch managers' demographics:
| Risk Management Internship | Branch Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 56.1% Female, 43.9% | Male, 59.8% Female, 40.2% |
| Race ratio | Black 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |