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The differences between senior risk analysts and project 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 project analyst. Additionally, a senior risk analyst has an average salary of $94,366, which is higher than the $71,174 average annual salary of a project analyst.
The top three skills for a senior risk analyst include risk management, SQL and portfolio. The most important skills for a project analyst are project management, data analysis, and customer service.
| Senior Risk Analyst | Project Analyst | |
| Yearly salary | $94,366 | $71,174 |
| Hourly rate | $45.37 | $34.22 |
| Growth rate | 11% | 11% |
| Number of jobs | 63,964 | 207,513 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| 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.
A project analyst is responsible for overseeing the development of new projects upon completion of data gathering. A project analyst must provide plans and design the project to its full potential. For this, it is essential to conduct extensive research and coordinate with all staff and departments involved through regular reports and various forms of communication. Furthermore, a project analyst must devise strategies to improve particular projects for it to succeed and achieve better results, all in adherence to the company policies and regulations.
Senior risk analysts and project analysts have different pay scales, as shown below.
| Senior Risk Analyst | Project Analyst | |
| Average salary | $94,366 | $71,174 |
| Salary range | Between $69,000 And $127,000 | Between $52,000 And $97,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Credit Karma | |
| Best paying industry | Energy | Manufacturing |
There are a few differences between a senior risk analyst and a project analyst in terms of educational background:
| Senior Risk Analyst | Project Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between senior risk analysts' and project analysts' demographics:
| Senior Risk Analyst | Project Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 60.7% Female, 39.3% | Male, 57.7% Female, 42.3% |
| 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, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.7% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |