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The differences between risk management specialists and 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 specialist takes usually requires 1-2 years. Additionally, a risk management specialist has an average salary of $69,819, which is higher than the $58,013 average annual salary of a specialist.
The top three skills for a risk management specialist include risk assessments, powerpoint and patient safety. The most important skills for a specialist are patients, customer service, and work ethic.
| Risk Management Specialist | Specialist | |
| Yearly salary | $69,819 | $58,013 |
| Hourly rate | $33.57 | $27.89 |
| Growth rate | 17% | 10% |
| Number of jobs | 101,149 | 358,433 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 49% |
| Average age | 43 | 42 |
| Years of experience | 6 | 2 |
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.
Specialists are employees who are responsible for specific tasks or activities in the department they are assigned to. The actions or tasks they work on are related to their educational background or work experiences. They are usually highly skilled in specializations related to the work they are assigned to. Specialists are also highly trained on the competencies that are required of their specialty. As such, they are focused on the skills and competencies that are needed to enhance their experience in their specific field further.
Risk management specialists and specialists have different pay scales, as shown below.
| Risk Management Specialist | Specialist | |
| Average salary | $69,819 | $58,013 |
| Salary range | Between $40,000 And $119,000 | Between $32,000 And $104,000 |
| Highest paying City | Hoboken, NJ | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | PayPal | The Citadel |
| Best paying industry | Professional | - |
There are a few differences between a risk management specialist and a specialist in terms of educational background:
| Risk Management Specialist | Specialist | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between risk management specialists' and specialists' demographics:
| Risk Management Specialist | Specialist | |
| Average age | 43 | 42 |
| Gender ratio | Male, 43.6% Female, 56.4% | Male, 47.5% Female, 52.5% |
| 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, 5.4% Hispanic or Latino, 16.4% Asian, 10.5% White, 55.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 4% | 11% |