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Risk management internship vs manager finance planning and analysis

The differences between risk management interns and managers finance planning and analysis 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 manager finance planning and analysis. Additionally, a manager finance planning and analysis has an average salary of $106,888, 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 manager finance planning and analysis are financial performance, financial planning analysis, and financial analysis.

Risk management internship vs manager finance planning and analysis overview

Risk Management InternshipManager Finance Planning And Analysis
Yearly salary$46,800$106,888
Hourly rate$22.50$51.39
Growth rate17%17%
Number of jobs120,198111,706
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 71%
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 a manager finance planning and analysis do?

A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.

Risk management internship vs manager finance planning and analysis salary

Risk management interns and managers finance planning and analysis have different pay scales, as shown below.

Risk Management InternshipManager Finance Planning And Analysis
Average salary$46,800$106,888
Salary rangeBetween $25,000 And $86,000Between $76,000 And $148,000
Highest paying City-San Bruno, CA
Highest paying state-Connecticut
Best paying company-Cravath
Best paying industry-Manufacturing

Differences between risk management internship and manager finance planning and analysis education

There are a few differences between a risk management internship and a manager finance planning and analysis in terms of educational background:

Risk Management InternshipManager Finance Planning And Analysis
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 71%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Risk management internship vs manager finance planning and analysis demographics

Here are the differences between risk management interns' and managers finance planning and analysis' demographics:

Risk Management InternshipManager Finance Planning And Analysis
Average age4646
Gender ratioMale, 56.1% Female, 43.9%Male, 68.0% Female, 32.0%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between risk management internship and manager finance planning and analysis 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

Manager finance planning and analysis example responsibilities.

  • Manage staff analysis and reporting on GAAP operating results and statutory consolidation.
  • Evaluate and screen capital projects and business expansion initiatives achieving expect ROI and organizational success.
  • Manage capital projects, coordinate profit planning and annual business meetings, and co-manage SOX compliance implementation.
  • Manage payroll and control human resource expense budgets by identifying variance between budget and results and continuously improving working efficiency.
  • Prepare payroll and manage all human resource functions including recruitment, training and performance reviews for all administrative and financial personnel.
  • Implement 1st systematic forecast for balance sheet and cash flow in Hyperion planning providing senior management timely analysis for decision making.
  • Show more

Risk management internship vs manager finance planning and analysis skills

Common risk management internship skills
  • Risk Management, 23%
  • PowerPoint, 8%
  • Python, 5%
  • Data Analysis, 4%
  • SQL, 4%
  • Portfolio, 3%
Common manager finance planning and analysis skills
  • Financial Performance, 8%
  • Financial Planning Analysis, 7%
  • Financial Analysis, 6%
  • Customer Service, 6%
  • Financial Models, 4%
  • Hyperion, 4%

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