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The differences between risk management specialists and knowledge management specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a risk management specialist, becoming a knowledge management specialist takes usually requires 2-4 years. Additionally, a risk management specialist has an average salary of $69,819, which is higher than the $67,217 average annual salary of a knowledge management specialist.
The top three skills for a risk management specialist include risk assessments, powerpoint and patient safety. The most important skills for a knowledge management specialist are customer service, patients, and project management.
| Risk Management Specialist | Knowledge Management Specialist | |
| Yearly salary | $69,819 | $67,217 |
| Hourly rate | $33.57 | $32.32 |
| Growth rate | 17% | 6% |
| Number of jobs | 101,149 | 75,446 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 57% |
| Average age | 43 | 44 |
| Years of experience | 6 | 4 |
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.
The duties of a knowledge management analyst depend on one's place or industry of employment. Typically, their responsibilities revolve around providing employees with technical support materials, gathering instructional information and insights from experts, and turning it into a structured digital or written material that employees can use as a learning tool. Moreover, they may devise programs and workshops for trainees and new employees, develop strategies for optimal workforce performance, and coordinate with department supervisors to identify employees' needs.
Risk management specialists and knowledge management specialists have different pay scales, as shown below.
| Risk Management Specialist | Knowledge Management Specialist | |
| Average salary | $69,819 | $67,217 |
| Salary range | Between $40,000 And $119,000 | Between $45,000 And $100,000 |
| Highest paying City | Hoboken, NJ | Boston, MA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | PayPal | McKinsey & Company Inc |
| Best paying industry | Professional | Manufacturing |
There are a few differences between a risk management specialist and a knowledge management specialist in terms of educational background:
| Risk Management Specialist | Knowledge Management Specialist | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between risk management specialists' and knowledge management specialists' demographics:
| Risk Management Specialist | Knowledge Management Specialist | |
| Average age | 43 | 44 |
| Gender ratio | Male, 43.6% Female, 56.4% | Male, 41.7% Female, 58.3% |
| 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, 11.4% Unknown, 4.3% Hispanic or Latino, 9.2% Asian, 9.0% White, 65.6% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 4% | 9% |