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The differences between summer analysts and risk 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 summer analyst and a risk analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $66,837 average annual salary of a summer analyst.
The top three skills for a summer analyst include strong analytical, financial statements and capital markets. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Summer Analyst | Risk Analyst | |
| Yearly salary | $66,837 | $81,484 |
| Hourly rate | $32.13 | $39.17 |
| Growth rate | 9% | 9% |
| Number of jobs | 44,912 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information. They establish statistical exhibits analyzing comparative financial performance. It is their responsibility to create models illustrating projected financial results, which is of great value to the companies. The skills necessary for this job include knowledge of financial statements, equity, portfolio companies, and financial models. They should also develop due diligence, strong communication, asset allocation knowledge, 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.
Summer analysts and risk analysts have different pay scales, as shown below.
| Summer Analyst | Risk Analyst | |
| Average salary | $66,837 | $81,484 |
| Salary range | Between $43,000 And $102,000 | Between $59,000 And $112,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Connecticut |
| Best paying company | - | The Citadel |
| Best paying industry | - | Manufacturing |
There are a few differences between a summer analyst and a risk analyst in terms of educational background:
| Summer Analyst | Risk Analyst | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between summer analysts' and risk analysts' demographics:
| Summer Analyst | Risk Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 53.4% Female, 46.6% |
| Race ratio | 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% | 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 | 7% | 7% |