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The differences between senior officers and risk 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 senior officer and a risk manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $72,721 average annual salary of a senior officer.
The top three skills for a senior officer include real estate, professional development and SR. The most important skills for a risk manager are oversight, risk assessments, and project management.
| Senior Officer | Risk Manager | |
| Yearly salary | $72,721 | $116,072 |
| Hourly rate | $34.96 | $55.80 |
| Growth rate | 17% | 17% |
| Number of jobs | 84,196 | 75,795 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 66% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
The duties of a senior officer depend on their line of work or industry of employment. Typically, as a senior officer, it is their duty to supervise and coordinate staff, set goals and guidelines, manage budgets and schedules, gather and analyze data, and produce progress reports, presenting them to managers or executives. They may also address issues and concerns, resolving them promptly and efficiently. Furthermore, a senior officer must lead and encourage staff to reach goals while implementing the organization's policies and regulations.
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.
Senior officers and risk managers have different pay scales, as shown below.
| Senior Officer | Risk Manager | |
| Average salary | $72,721 | $116,072 |
| Salary range | Between $39,000 And $134,000 | Between $84,000 And $160,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | U.S. Securities and Exchange Commission | Credit Karma |
| Best paying industry | Finance | Technology |
There are a few differences between a senior officer and a risk manager in terms of educational background:
| Senior Officer | Risk Manager | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior officers' and risk managers' demographics:
| Senior Officer | Risk Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 67.6% Female, 32.4% | Male, 59.3% Female, 40.7% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% 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% |