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The differences between senior risk analysts and reporting 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 reporting analyst. Additionally, a senior risk analyst has an average salary of $94,366, which is higher than the $73,478 average annual salary of a reporting analyst.
The top three skills for a senior risk analyst include risk management, SQL and portfolio. The most important skills for a reporting analyst are power bi, data analysis, and dashboards.
| Senior Risk Analyst | Reporting Analyst | |
| Yearly salary | $94,366 | $73,478 |
| Hourly rate | $45.37 | $35.33 |
| Growth rate | 11% | 11% |
| Number of jobs | 63,964 | 87,731 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
| 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.
As a reporting analyst, you are responsible for collecting relevant reports, analyzing raw data, writing, and delivering executive-ready qualitative and/or quantitative reports as per clients' requirements. The results collected will be communicated to managers or clients, who will then provide suggestions based on their findings. This person must have excellent quantitative & qualitative analytical skills, a strong eye for detail, strong organizational and multitasking abilities, and be able to work on tight deadlines. Intermediate to advanced knowledge of Excel is a must for this position.
Senior risk analysts and reporting analysts have different pay scales, as shown below.
| Senior Risk Analyst | Reporting Analyst | |
| Average salary | $94,366 | $73,478 |
| Salary range | Between $69,000 And $127,000 | Between $56,000 And $95,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Credit Karma | Meta |
| Best paying industry | Energy | Finance |
There are a few differences between a senior risk analyst and a reporting analyst in terms of educational background:
| Senior Risk Analyst | Reporting Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between senior risk analysts' and reporting analysts' demographics:
| Senior Risk Analyst | Reporting Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 60.7% Female, 39.3% | Male, 54.1% Female, 45.9% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.4% White, 65.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |