Senior risk analyst vs junior business analyst

The differences between senior risk analysts and junior business 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 a junior business analyst. Additionally, a senior risk analyst has an average salary of $94,366, which is higher than the $69,642 average annual salary of a junior business analyst.

The top three skills for a senior risk analyst include risk management, SQL and portfolio. The most important skills for a junior business analyst are user stories, test cases, and strong analytical.

Senior risk analyst vs junior business analyst overview

	Senior Risk Analyst	Junior Business Analyst
Yearly salary	$94,366	$69,642
Hourly rate	$45.37	$33.48
Growth rate	11%	11%
Number of jobs	63,964	136,424
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 71%
Average age	44	44
Years of experience	4	4

What does a senior risk analyst do?

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.

What does a junior business analyst do?

Junior business analysts work with senior business analysts and project teams to ensure the applications or products in development comply with end-user needs. Their primary responsibility is data analysis, in which they report the findings to the senior business analysts as well as the developers. Other duties and responsibilities include analyzing the impact of projects on business outcomes, collecting systems information, and giving feedback to developers who work on the deliverables. Junior business analysts are also expected to contribute to the development of test scripts and test plans.

Senior risk analyst vs junior business analyst salary

Senior risk analysts and junior business analysts have different pay scales, as shown below.

	Senior Risk Analyst	Junior Business Analyst
Average salary	$94,366	$69,642
Salary range	Between $69,000 And $127,000	Between $54,000 And $88,000
Highest paying City	San Francisco, CA	Bellevue, WA
Highest paying state	New Jersey	Washington
Best paying company	Credit Karma	AIG
Best paying industry	Energy	Finance

Differences between senior risk analyst and junior business analyst education

There are a few differences between a senior risk analyst and a junior business analyst in terms of educational background:

	Senior Risk Analyst	Junior Business Analyst
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Senior risk analyst vs junior business analyst demographics

Here are the differences between senior risk analysts' and junior business analysts' demographics:

	Senior Risk Analyst	Junior Business Analyst
Average age	44	44
Gender ratio	Male, 60.7% Female, 39.3%	Male, 50.9% Female, 49.1%
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, 7.5% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.8% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between senior risk analyst and junior business analyst duties and responsibilities

Senior risk analyst example responsibilities.

Manage and direct employment relate litigation including discovery, interrogatory responses, settlements and supervision of defense counsel.
Manage litigation through appropriate selection of counsel, developing strategic action plans a while monitoring an active trial calendar.
Support implementation of the ERM system globally.
Develop and maintain strong relationships with stakeholders to help maximize the goals and benefits of ERM.
Justify the efficiency of options on treasury futures as a short-term proxy for OTC treasury options.
Support treasury services by reviewing, validating and approving cash forecasts and daily wire transfer activity.

Junior business analyst example responsibilities.

Perform data extraction, validation and achieve consistency for the collected data.
Manage multiple aspects of product design and end user analysis objectives medical practice management & HIPAA compliance applications.
Test applications and resolve complex problems throughout software development life cycle (SDLC), including preparing detail program specifications.
Work on mock-up screens and wireframes for visualization.
Report, track, review, and analyze defects using JIRA.
Analyze large data sets using SAS 9.3 and support co-workers with sas-relate questions.

Senior risk analyst vs junior business analyst skills

Common senior risk analyst skills

Risk Management, 20%
SQL, 6%
Portfolio, 6%
Project Management, 6%
Risk Assessments, 5%
SAS, 5%

Common junior business analyst skills

User Stories, 10%
Test Cases, 7%
Strong Analytical, 5%
SDLC, 4%
PowerPoint, 4%
UAT, 4%

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Senior Risk Analyst vs Junior Business Analyst

Updated January 8, 2025

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