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The differences between risk management interns and investment bankers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a risk management internship, becoming an investment banker takes usually requires 2-4 years. Additionally, an investment banker has an average salary of $162,715, 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 investment banker are financial services, discounted cash flow, and capital markets.
| Risk Management Internship | Investment Banker | |
| Yearly salary | $46,800 | $162,715 |
| Hourly rate | $22.50 | $78.23 |
| Growth rate | 17% | 10% |
| Number of jobs | 120,198 | 28,460 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| Average age | 46 | 43 |
| Years of experience | 8 | 4 |
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.
An investment banker is responsible for selling and issuing securities and financial assets to the stock markets to generate money and raise capital for organizations and financial institutions. Investment bankers also work with private clients to advise them of investment options and financial transactions according to the market's condition and clients' interests. They handle the clients' investment portfolios and create propositions for acquisitions and company mergers. An investment banker must have excellent knowledge of the financial and stock industry, as well as having excellent analytical skills to review statistical data and determine the best financial strategies.
Risk management interns and investment bankers have different pay scales, as shown below.
| Risk Management Internship | Investment Banker | |
| Average salary | $46,800 | $162,715 |
| Salary range | Between $25,000 And $86,000 | Between $95,000 And $276,000 |
| Highest paying City | - | Boston, MA |
| Highest paying state | - | Alaska |
| Best paying company | - | Citi |
| Best paying industry | - | Real Estate |
There are a few differences between a risk management internship and an investment banker in terms of educational background:
| Risk Management Internship | Investment Banker | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between risk management interns' and investment bankers' demographics:
| Risk Management Internship | Investment Banker | |
| Average age | 46 | 43 |
| Gender ratio | Male, 56.1% Female, 43.9% | Male, 76.2% Female, 23.8% |
| 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, 5.5% Unknown, 4.1% Hispanic or Latino, 11.5% Asian, 12.4% White, 66.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 6% |