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The differences between risk management specialists and audit specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a risk management specialist has an average salary of $69,819, which is higher than the $58,291 average annual salary of an audit specialist.
The top three skills for a risk management specialist include risk assessments, powerpoint and patient safety. The most important skills for an audit specialist are audit reports, patients, and customer service.
| Risk Management Specialist | Audit Specialist | |
| Yearly salary | $69,819 | $58,291 |
| Hourly rate | $33.57 | $28.02 |
| Growth rate | 17% | 6% |
| Number of jobs | 101,149 | 40,071 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 55% |
| Average age | 43 | 44 |
| Years of experience | 6 | - |
A risk management specialist is in charge of performing extensive research and analysis to determine the financial risks that a company may face. Through their expertise, a risk management analyst develops strategies to thwart these risks or lessen its impact and prevent significant financial losses. They may also devise programs and projects, providing support to employees as needed. Furthermore, they must recommend solutions in adherence to the company's policies and regulations, including its vision and mission.
An audit specialist is responsible for evaluating the reports by a professional auditor that will assist in improving the growth of the organization to achieve its goals and objectives. Audit specialists aid in the development of the company by using a systematic approach to reach the goals set by the company. Primary responsibilities include operating complex and difficult audit projects and conducting audits of control, financial, and other operating records. Also, they develop, implement distinct audit strategies, programs, and procedures for intricate assignments.
Risk management specialists and audit specialists have different pay scales, as shown below.
| Risk Management Specialist | Audit Specialist | |
| Average salary | $69,819 | $58,291 |
| Salary range | Between $40,000 And $119,000 | Between $34,000 And $99,000 |
| Highest paying City | Hoboken, NJ | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | PayPal | SAP |
| Best paying industry | Professional | Professional |
There are a few differences between a risk management specialist and an audit specialist in terms of educational background:
| Risk Management Specialist | Audit Specialist | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between risk management specialists' and audit specialists' demographics:
| Risk Management Specialist | Audit Specialist | |
| Average age | 43 | 44 |
| Gender ratio | Male, 43.6% Female, 56.4% | Male, 33.7% Female, 66.3% |
| Race ratio | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% | Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 4% | 7% |