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The differences between senior market research analysts and market risk analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior market research analyst and a market risk analyst. Additionally, a market risk analyst has an average salary of $90,794, which is higher than the $88,261 average annual salary of a senior market research analyst.
The top three skills for a senior market research analyst include data analysis, powerpoint and SPSS. The most important skills for a market risk analyst are risk management, derivative, and VAR.
| Senior Market Research Analyst | Market Risk Analyst | |
| Yearly salary | $88,261 | $90,794 |
| Hourly rate | $42.43 | $43.65 |
| Growth rate | 19% | 19% |
| Number of jobs | 77,533 | 40,595 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 64% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A Senior Market Research Analyst specializes in providing analytical services to optimize marketing operations. They are responsible for understanding the company and marketing projects' needs, performing extensive market research and analysis, conducting surveys and assessments, identifying client and business opportunities, and developing strategies to optimize operations. They may also help in creating and implementing solutions against issues and concerns. As a Senior Market Research Analyst, it is essential to lead and serve as a mentor to junior analysts, all while promoting and enforcing company policies and regulations.
A market risk analyst is responsible for conducting data and statistical analysis to help the business professionals in choosing the best investment and services to take from the assessment. Market risk analysts must have excellent communication and analytical skills to provide profit estimation and design strategies to minimize potential losses. They also identify business opportunities by evaluating the market demand that would generate more revenue resources for the business to increase revenues and close business deals with the clients.
Senior market research analysts and market risk analysts have different pay scales, as shown below.
| Senior Market Research Analyst | Market Risk Analyst | |
| Average salary | $88,261 | $90,794 |
| Salary range | Between $65,000 And $118,000 | Between $63,000 And $130,000 |
| Highest paying City | Seattle, WA | Jersey City, NJ |
| Highest paying state | Washington | New Jersey |
| Best paying company | Xoom | Calpine |
| Best paying industry | Health Care | Utilities |
There are a few differences between a senior market research analyst and a market risk analyst in terms of educational background:
| Senior Market Research Analyst | Market Risk Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 64% |
| Most common major | Business | Finance |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between senior market research analysts' and market risk analysts' demographics:
| Senior Market Research Analyst | Market Risk Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 49.3% Female, 50.7% | Male, 74.2% Female, 25.8% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.2% White, 64.9% American Indian and Alaska Native, 0.1% | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.2% White, 64.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |