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The differences between strategic analysts and risk analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a strategic analyst, becoming a risk analyst takes usually requires 2-4 years. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $79,476 average annual salary of a strategic analyst.
The top three skills for a strategic analyst include data analysis, powerpoint and email marketing. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Strategic Analyst | Risk Analyst | |
| Yearly salary | $79,476 | $81,484 |
| Hourly rate | $38.21 | $39.17 |
| Growth rate | 19% | 9% |
| Number of jobs | 87,601 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Average age | 37 | 40 |
| Years of experience | 6 | 4 |
Strategy analysts are professionals who lead the consulting sessions of organizations. The analysts do their duties with rate strategy proposals in line with corporate objectives. They manage a business, determine growth areas, and make model analysis for strategy recommendations. It is also their responsibility to utilize data to solve the primary problems of businesses. Also, they provide significant insights to help organizations. They need to develop skills in management, communication, strategic planning, and attention to detail.
As a risk analyst, you will oversee the identification, assessment, and monitoring of risks that your company has been exposed to. You will evaluate financial documents, potential clients, and economic conditions to determine the level of risk in business decisions. You will be responsible for aggregating data from several sources to develop a comprehensive assessment and create reports, processes, and presentations to better present results. You are also expected to work closely with other team members to analyze and show data effectively.
Strategic analysts and risk analysts have different pay scales, as shown below.
| Strategic Analyst | Risk Analyst | |
| Average salary | $79,476 | $81,484 |
| Salary range | Between $56,000 And $112,000 | Between $59,000 And $112,000 |
| Highest paying City | Redmond, WA | San Francisco, CA |
| Highest paying state | Washington | Connecticut |
| Best paying company | Credit Karma | The Citadel |
| Best paying industry | Retail | Manufacturing |
There are a few differences between a strategic analyst and a risk analyst in terms of educational background:
| Strategic Analyst | Risk Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between strategic analysts' and risk analysts' demographics:
| Strategic Analyst | Risk Analyst | |
| Average age | 37 | 40 |
| Gender ratio | Male, 56.3% Female, 43.7% | Male, 53.4% Female, 46.6% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.3% White, 64.7% American Indian and Alaska Native, 0.1% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 7% |