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The differences between risk management interns and risk 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 risk analyst takes usually requires 2-4 years. Additionally, a risk analyst has an average salary of $81,484, 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 risk analyst are risk management, risk assessments, and powerpoint.
| Risk Management Internship | Risk Analyst | |
| Yearly salary | $46,800 | $81,484 |
| Hourly rate | $22.50 | $39.17 |
| Growth rate | 17% | 9% |
| Number of jobs | 120,198 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| Average age | 46 | 40 |
| 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.
As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions. You will be responsible for aggregating data from several sources to develop a comprehensive assessment and create reports, processes, and presentations to better present results. You are also expected to work closely with other team members to analyze and show data effectively.
Risk management interns and risk analysts have different pay scales, as shown below.
| Risk Management Internship | Risk Analyst | |
| Average salary | $46,800 | $81,484 |
| Salary range | Between $25,000 And $86,000 | Between $59,000 And $112,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Connecticut |
| Best paying company | - | The Citadel |
| Best paying industry | - | Manufacturing |
There are a few differences between a risk management internship and a risk analyst in terms of educational background:
| Risk Management Internship | Risk Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between risk management interns' and risk analysts' demographics:
| Risk Management Internship | Risk Analyst | |
| Average age | 46 | 40 |
| Gender ratio | Male, 56.1% Female, 43.9% | Male, 53.4% Female, 46.6% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 11% | 7% |