Advancement Prospects
A skilled risk analyst at an investment bank or a large wealth management firm can advance to the position of risk manager after five years on the job, and then to chief risk officer (after working as a risk manager for 10 years). Some risk management professionals become partners, receiving an ownership stake in the firm.
In addition to working in risk management positions at corporations, risk managers also can work as independent consultants. Some leave the profession to become teachers at colleges and universities.
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