Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between risk managers and administrative & finance managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a risk manager and an administrative & finance manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $76,989 average annual salary of an administrative & finance manager.
The top three skills for a risk manager include oversight, risk assessments and project management. The most important skills for an administrative & finance manager are payroll processing, human resources, and oversight.
| Risk Manager | Administrative & Finance Manager | |
| Yearly salary | $116,072 | $76,989 |
| Hourly rate | $55.80 | $37.01 |
| Growth rate | 17% | 17% |
| Number of jobs | 75,795 | 143,109 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 63% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.
Risk managers and administrative & finance managers have different pay scales, as shown below.
| Risk Manager | Administrative & Finance Manager | |
| Average salary | $116,072 | $76,989 |
| Salary range | Between $84,000 And $160,000 | Between $55,000 And $107,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Credit Karma | Meta |
| Best paying industry | Technology | Insurance |
There are a few differences between a risk manager and an administrative & finance manager in terms of educational background:
| Risk Manager | Administrative & Finance Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between risk managers' and administrative & finance managers' demographics:
| Risk Manager | Administrative & Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.3% Female, 40.7% | Male, 50.7% Female, 49.3% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |