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The differences between senior risk analysts and policy 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 policy analyst. Additionally, a senior risk analyst has an average salary of $94,366, which is higher than the $66,359 average annual salary of a policy analyst.
The top three skills for a senior risk analyst include risk management, SQL and portfolio. The most important skills for a policy analyst are public policy, policy analysis, and policy issues.
| Senior Risk Analyst | Policy Analyst | |
| Yearly salary | $94,366 | $66,359 |
| Hourly rate | $45.37 | $31.90 |
| Growth rate | 11% | 11% |
| Number of jobs | 63,964 | 69,173 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 65% |
| 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.
Policy analysts are responsible for developing government policies and providing advice and briefing to senior management. These professionals work to influence both social and political decisions. They typically work in four key areas, including collecting information, analyzing policies, providing recommendations, and sharing information with government officials and the public. Additionally, they are also expected to consult with stakeholders to provide quantitative evidence supporting their policy. The rest of their time is spent on writing, reading, and analyzing information.
Senior risk analysts and policy analysts have different pay scales, as shown below.
| Senior Risk Analyst | Policy Analyst | |
| Average salary | $94,366 | $66,359 |
| Salary range | Between $69,000 And $127,000 | Between $47,000 And $92,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Credit Karma | Apple |
| Best paying industry | Energy | Insurance |
There are a few differences between a senior risk analyst and a policy analyst in terms of educational background:
| Senior Risk Analyst | Policy Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 65% |
| Most common major | Business | Political Science |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between senior risk analysts' and policy analysts' demographics:
| Senior Risk Analyst | Policy Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 60.7% Female, 39.3% | Male, 46.1% Female, 53.9% |
| 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, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.1% White, 65.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |