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The differences between time motion 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 time motion analyst and a risk analyst. Additionally, a risk analyst has an average salary of $81,484, which is higher than the $72,630 average annual salary of a time motion analyst.
The top three skills for a time motion analyst include call volume, schedule adherence and service level objectives. The most important skills for a risk analyst are risk management, risk assessments, and powerpoint.
| Time Motion Analyst | Risk Analyst | |
| Yearly salary | $72,630 | $81,484 |
| Hourly rate | $34.92 | $39.17 |
| Growth rate | 11% | 9% |
| Number of jobs | 39,276 | 71,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A Time Motion Analyst is an industrial engineer who uses a set of tools to increase the efficiency of operations by simplifying work and setting standards. This is usually done with a wage-incentive system set in place to increase workers' motivation. He/She typically carries out time and motion studies on some operations to ascertain standard production rates or to improve efficiency in different industries. He/She studies speed, efforts put in by workers, and methodology used in production or manufacturing to get the same results.
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.
Time motion analysts and risk analysts have different pay scales, as shown below.
| Time Motion Analyst | Risk Analyst | |
| Average salary | $72,630 | $81,484 |
| Salary range | Between $42,000 And $123,000 | 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 time motion analyst and a risk analyst in terms of educational background:
| Time Motion Analyst | Risk Analyst | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between time motion analysts' and risk analysts' demographics:
| Time Motion Analyst | Risk Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 51.0% Female, 49.0% | Male, 53.4% Female, 46.6% |
| Race ratio | Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 9.8% White, 68.0% American Indian and Alaska Native, 0.2% | 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 | 12% | 7% |