Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior risk analysts and 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 risk analyst and an analyst. Additionally, a senior risk analyst has an average salary of $94,366, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a senior risk analyst include risk management, SQL and portfolio. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Senior Risk Analyst | Analyst | |
| Yearly salary | $94,366 | $73,007 |
| Hourly rate | $45.37 | $35.10 |
| Growth rate | 11% | 11% |
| Number of jobs | 63,964 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A senior risk analyst specializes in performing extensive research and analysis to identify the potential financial losses or disadvantages a company may face when making business decisions. Their responsibilities typically revolve around liaising with clients, coordinating with different departments to gather extensive data, monitoring the stock market, and studying competitors. Furthermore, a senior risk analyst may also prepare documentation and presentation for higher-ranking officials, maintain records of transactions, and serve as a mentor to junior analysts, all while adhering to the company's policies and regulations.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Senior risk analysts and analysts have different pay scales, as shown below.
| Senior Risk Analyst | Analyst | |
| Average salary | $94,366 | $73,007 |
| Salary range | Between $69,000 And $127,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Credit Karma | The Citadel |
| Best paying industry | Energy | Technology |
There are a few differences between a senior risk analyst and an analyst in terms of educational background:
| Senior Risk Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between senior risk analysts' and analysts' demographics:
| Senior Risk Analyst | Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 60.7% Female, 39.3% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |