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The differences between senior finance planning analysts and risk analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a senior finance planning analyst and a risk analyst. Additionally, a senior finance planning analyst has an average salary of $87,863, which is higher than the $81,484 average annual salary of a risk analyst.
The top three skills for a senior finance planning analyst include hyperion, financial analysis and financial planning analysis. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Senior Finance Planning Analyst | Risk Analyst | |
| Yearly salary | $87,863 | $81,484 |
| Hourly rate | $42.24 | $39.17 |
| Growth rate | 9% | 9% |
| Number of jobs | 90,330 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A senior financial planning analyst is responsible for monitoring the financial situation and stability of the company by conducting data and statistical analysis from account statement reports and market trends. Senior financial planning analysts review cost and expense forecasting, budgeting for resource allocation, and resolve financial discrepancies that may affect business functions and operations. They also identify business opportunities to generate more revenues and increase the company's profitability, design an efficient financial database, and prepare organized financial and billing reports.
As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions. You will be responsible for aggregating data from several sources to develop a comprehensive assessment and create reports, processes, and presentations to better present results. You are also expected to work closely with other team members to analyze and show data effectively.
Senior finance planning analysts and risk analysts have different pay scales, as shown below.
| Senior Finance Planning Analyst | Risk Analyst | |
| Average salary | $87,863 | $81,484 |
| Salary range | Between $64,000 And $120,000 | Between $59,000 And $112,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | Connecticut |
| Best paying company | Credit Karma | The Citadel |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a senior finance planning analyst and a risk analyst in terms of educational background:
| Senior Finance Planning Analyst | Risk Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance planning analysts' and risk analysts' demographics:
| Senior Finance Planning Analyst | Risk Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 53.4% Female, 46.6% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |