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The differences between risk management interns and junior is analysts 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 a junior is analyst takes usually requires 2-4 years. Additionally, a junior is analyst has an average salary of $65,296, 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 junior is analyst are powerpoint, data analysis, and portfolio.
| Risk Management Internship | Junior IS Analyst | |
| Yearly salary | $46,800 | $65,296 |
| Hourly rate | $22.50 | $31.39 |
| Growth rate | 17% | 11% |
| Number of jobs | 120,198 | 92,477 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Average age | 46 | 44 |
| 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.
A junior IS analyst takes responsibility in making sure that databases are constructed appropriately and with access limits. IS analysts improve trading strategy with intermediaries through compensation information analysis. They handle financial claims payment as well as provider directory processes. Also, they develop dictionaries and provide technical support. They even perform due diligence for investment opportunities. The skills they need to have include management, information technology, and financial management.
Risk management interns and junior is analysts have different pay scales, as shown below.
| Risk Management Internship | Junior IS Analyst | |
| Average salary | $46,800 | $65,296 |
| Salary range | Between $25,000 And $86,000 | Between $45,000 And $93,000 |
| Highest paying City | - | Jersey City, NJ |
| Highest paying state | - | New Hampshire |
| Best paying company | - | The Citadel |
| Best paying industry | - | Finance |
There are a few differences between a risk management internship and a junior is analyst in terms of educational background:
| Risk Management Internship | Junior IS Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between risk management interns' and junior is analysts' demographics:
| Risk Management Internship | Junior IS Analyst | |
| Average age | 46 | 44 |
| Gender ratio | Male, 56.1% Female, 43.9% | Male, 60.3% Female, 39.7% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 12% |