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The differences between risk management specialists and market risk specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a risk management specialist and a market risk specialist. Additionally, a market risk specialist has an average salary of $87,735, which is higher than the $69,819 average annual salary of a risk management specialist.
The top three skills for a risk management specialist include risk assessments, powerpoint and patient safety. The most important skills for a market risk specialist are risk management, derivative, and VAR.
| Risk Management Specialist | Market Risk Specialist | |
| Yearly salary | $69,819 | $87,735 |
| Hourly rate | $33.57 | $42.18 |
| Growth rate | 17% | 19% |
| Number of jobs | 101,149 | 24,320 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Master's Degree, 60% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
Risk management specialists and market risk specialists have different pay scales, as shown below.
| Risk Management Specialist | Market Risk Specialist | |
| Average salary | $69,819 | $87,735 |
| Salary range | Between $40,000 And $119,000 | Between $56,000 And $135,000 |
| Highest paying City | Hoboken, NJ | Jersey City, NJ |
| Highest paying state | New Jersey | Rhode Island |
| Best paying company | PayPal | Federal Reserve |
| Best paying industry | Professional | - |
There are a few differences between a risk management specialist and a market risk specialist in terms of educational background:
| Risk Management Specialist | Market Risk Specialist | |
| Most common degree | Bachelor's Degree, 64% | Master's Degree, 60% |
| Most common major | Business | Finance |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between risk management specialists' and market risk specialists' demographics:
| Risk Management Specialist | Market Risk Specialist | |
| Average age | 43 | 43 |
| Gender ratio | Male, 43.6% Female, 56.4% | Male, 80.0% Female, 20.0% |
| 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, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 4% | 4% |