Financial Risk Specialists
Financial Risk Specialists (SOC 13-2054) earn a median $117,330 a year ($56.41 an hour) in the United States, with 63,850 employed as of May 2025; the highest-paying state is New Hampshire.
What financial risk specialists do
Financial risk specialists measure and analyze the exposure of an organization to credit risk and market risk, which are the chances of losing money because borrowers do not repay or because prices, rates, or markets move against the firm. They analyze and measure exposure to those risks and may make recommendations that limit them. Titles include risk analyst, credit risk manager, business risk manager, and market risk analyst. The occupation excludes credit analysts, who assess the risk of individual lending decisions, and differs from financial and investment analysts, who analyze investment programs and value businesses, from actuaries, who model insurance risks, and from compliance officers, who check adherence to rules. Financial managers who direct departments are classified separately. The focus is credit and market risk, and the aim is to protect the organization's assets, earning capacity, and economic state.
Also called: Analyst, Bank and Savings Securities Trader, Bond Analyst, Business Risk Manager, Compliance Risk Manager.
National wage percentiles, May 2025
| Area | Basis | Percentile wage | Mean | Employment | ||||
|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||
| United States | Hourly | $31.17 | $40.37 | $56.41 | $76.08 | $94.29 | $59.82 | 63,850 |
| Annual | $64,820 | $83,980 | $117,330 | $158,250 | $196,110 | $124,420 | ||
Employment per 1,000 jobs and the location quotient are area measures; they appear in the state and metro tables below. To see what a wage in this range leaves after tax, use FastCalc's take-home pay calculator.
Where financial risk specialists earn and work most
Five highest-paying states
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| New Hampshire | Hourly | $39.66 | $53.51 | $76.12 | $76.12 | $76.95 | $65.77 | 300 | 0.44 | 1.07 |
| Annual | $82,480 | $111,310 | $158,320 | $158,320 | $160,060 | $136,800 | ||||
| Maine | Hourly | $30.96 | $45.20 | $67.80 | $67.80 | $72.11 | $58.22 | ** | ** | ** |
| Annual | $64,410 | $94,020 | $141,020 | $141,020 | $149,990 | $121,090 | ||||
| Delaware | Hourly | $38.85 | $52.94 | $67.04 | $81.12 | $85.85 | $65.91 | 1,160 | 2.39 | 5.83 |
| Annual | $80,810 | $110,110 | $139,440 | $168,720 | $178,570 | $137,090 | ||||
| New York | Hourly | $40.65 | $50.55 | $65.78 | $86.36 | $105.90 | $73.56 | 12,060 | 1.24 | 3.03 |
| Annual | $84,550 | $105,140 | $136,830 | $179,630 | $220,260 | $153,000 | ||||
| North Carolina | Hourly | $33.86 | $47.60 | $63.48 | $80.69 | $99.91 | $64.03 | 3,200 | 0.65 | 1.58 |
| Annual | $70,440 | $99,010 | $132,040 | $167,830 | $207,820 | $133,190 | ||||
Five states with the most jobs
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| New York | Hourly | $40.65 | $50.55 | $65.78 | $86.36 | $105.90 | $73.56 | 12,060 | 1.24 | 3.03 |
| Annual | $84,550 | $105,140 | $136,830 | $179,630 | $220,260 | $153,000 | ||||
| California | Hourly | $36.83 | $48.15 | $62.07 | $81.24 | $100.17 | $65.88 | 5,740 | 0.32 | 0.77 |
| Annual | $76,610 | $100,160 | $129,110 | $168,980 | $208,360 | $137,030 | ||||
| Texas | Hourly | $30.89 | $38.78 | $49.88 | $63.74 | $76.55 | $53.10 | 4,780 | 0.34 | 0.83 |
| Annual | $64,250 | $80,660 | $103,760 | $132,580 | $159,220 | $110,450 | ||||
| Florida | Hourly | $27.92 | $37.20 | $48.03 | $64.75 | $82.96 | $53.61 | 3,770 | 0.38 | 0.92 |
| Annual | $58,080 | $77,380 | $99,900 | $134,680 | $172,550 | $111,510 | ||||
| North Carolina | Hourly | $33.86 | $47.60 | $63.48 | $80.69 | $99.91 | $64.03 | 3,200 | 0.65 | 1.58 |
| Annual | $70,440 | $99,010 | $132,040 | $167,830 | $207,820 | $133,190 | ||||
Five highest-paying metropolitan areas
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| San Francisco-Oakland-Fremont, CA | Hourly | $44.57 | $60.46 | $80.50 | $94.33 | $103.33 | $76.46 | 1,380 | 0.58 | 1.41 |
| Annual | $92,710 | $125,750 | $167,440 | $196,210 | $214,930 | $159,040 | ||||
| San Jose-Sunnyvale-Santa Clara, CA | Hourly | $48.14 | $59.36 | $79.93 | $96.14 | $106.31 | $78.15 | 480 | 0.42 | 1.03 |
| Annual | $100,120 | $123,470 | $166,240 | $199,980 | $221,110 | $162,550 | ||||
| New York-Newark-Jersey City, NY-NJ | Hourly | $44.98 | $52.01 | $67.15 | $86.05 | $105.90 | $74.58 | 12,770 | 1.35 | 3.28 |
| Annual | $93,550 | $108,170 | $139,670 | $178,990 | $220,260 | $155,130 | ||||
| Seattle-Tacoma-Bellevue, WA | Hourly | $34.87 | $47.34 | $64.58 | $83.81 | $88.77 | $65.86 | 550 | 0.26 | 0.64 |
| Annual | $72,520 | $98,470 | $134,330 | $174,320 | $184,640 | $136,990 | ||||
| Charlotte-Concord-Gastonia, NC-SC | Hourly | $39.83 | $50.57 | $64.20 | $81.60 | $103.14 | $69.36 | 1,880 | 1.38 | 3.37 |
| Annual | $82,840 | $105,180 | $133,530 | $169,720 | $214,540 | $144,270 | ||||
Five metropolitan areas with the most jobs
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| New York-Newark-Jersey City, NY-NJ | Hourly | $44.98 | $52.01 | $67.15 | $86.05 | $105.90 | $74.58 | 12,770 | 1.35 | 3.28 |
| Annual | $93,550 | $108,170 | $139,670 | $178,990 | $220,260 | $155,130 | ||||
| Chicago-Naperville-Elgin, IL-IN | Hourly | $31.66 | $38.02 | $50.66 | $75.81 | $98.62 | $59.20 | 2,360 | 0.52 | 1.27 |
| Annual | $65,860 | $79,070 | $105,370 | $157,690 | $205,140 | $123,130 | ||||
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | Hourly | $35.38 | $44.93 | $62.93 | $79.41 | $89.97 | $62.20 | 2,340 | 0.81 | 1.97 |
| Annual | $73,590 | $93,440 | $130,880 | $165,170 | $187,140 | $129,380 | ||||
| Dallas-Fort Worth-Arlington, TX | Hourly | $30.89 | $38.89 | $49.88 | $63.74 | $77.23 | $54.35 | 2,320 | 0.57 | 1.40 |
| Annual | $64,260 | $80,890 | $103,760 | $132,580 | $160,630 | $113,050 | ||||
| Charlotte-Concord-Gastonia, NC-SC | Hourly | $39.83 | $50.57 | $64.20 | $81.60 | $103.14 | $69.36 | 1,880 | 1.38 | 3.37 |
| Annual | $82,840 | $105,180 | $133,530 | $169,720 | $214,540 | $144,270 | ||||
Top industries employing financial risk specialists
Credit Intermediation and Related Activities (5221 and 5223 only) employ 27.9% of financial risk specialists nationally (17,810 jobs) at a median $108,170 a year ($52.01 an hour), followed by Securities, Commodity Contracts, and Other Financial Investments and Related Activities (15.4%) and Management of Companies and Enterprises (10.5%).
| Industry | Employment | Share of occupation | Median annual | Median hourly |
|---|---|---|---|---|
| Credit Intermediation and Related Activities (5221 and 5223 only) NAICS 5220A1 | 17,810 | 27.9% | $108,170 | $52.01 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities NAICS 523000 | 9,840 | 15.4% | $133,070 | $63.98 |
| Management of Companies and Enterprises NAICS 551100 | 6,700 | 10.5% | $110,090 | $52.93 |
| Nondepository Credit Intermediation NAICS 522200 | 4,670 | 7.3% | $124,360 | $59.79 |
| Insurance Carriers NAICS 524100 | 4,010 | 6.3% | $105,490 | $50.72 |
Share is the industry's employment over the occupation's national employment (63,850). Industries whose employment BLS withheld are not ranked.
Published medians, May 2021 to May 2025
BLS published a median annual wage of $100,000 for financial risk specialists in May 2021 and $117,330 in May 2025, with employment of 54,320 and 63,850.
| Release | Median annual | Median hourly | Employment |
|---|---|---|---|
| May 2021 | $100,000 | $48.08 | 54,320 |
| May 2022 | $102,120 | $49.10 | 55,800 |
| May 2023 | $106,090 | $51.01 | 55,290 |
| May 2024 | $106,000 | $50.96 | 56,320 |
| May 2025 | $117,330 | $56.41 | 63,850 |
BLS does not design OEWS as a time series: each release pools three years of samples, and occupational classifications, area definitions and estimation methods change between releases, so a difference between two releases is not a measure of change over time. The figures are shown as published, side by side, and nothing is computed from them. See how often OEWS is updated.
Every state, by median wage
50 states and DC publish a row for this occupation. A linked state has its own page with the within-state metro table and comparison; the others appear here only.
| Rank | State | Median hourly | Median annual | 10th pct (annual) | 90th pct (annual) | Employment | Jobs per 1,000 | Location quotient |
|---|---|---|---|---|---|---|---|---|
| 1 | New Hampshire profile | $76.12 | $158,320 | $82,480 | $160,060 | 300 | 0.44 | 1.07 |
| 2 | Maine profile | $67.80 | $141,020 | $64,410 | $149,990 | ** | ** | ** |
| 3 | Delaware profile | $67.04 | $139,440 | $80,810 | $178,570 | 1,160 | 2.39 | 5.83 |
| 4 | New York profile | $65.78 | $136,830 | $84,550 | $220,260 | 12,060 | 1.24 | 3.03 |
| 5 | North Carolina profile | $63.48 | $132,040 | $70,440 | $207,820 | 3,200 | 0.65 | 1.58 |
| 6 | Massachusetts profile | $62.69 | $130,400 | $71,390 | $209,200 | 1,440 | 0.40 | 0.96 |
| 7 | New Jersey profile | $62.12 | $129,220 | $81,230 | $199,030 | 2,760 | 0.64 | 1.57 |
| 8 | California profile | $62.07 | $129,110 | $76,610 | $208,360 | 5,740 | 0.32 | 0.77 |
| 9 | Virginia profile | $60.82 | $126,510 | $77,080 | $191,720 | 1,770 | 0.43 | 1.05 |
| 10 | Washington profile | $59.21 | $123,150 | $64,120 | $184,630 | 900 | 0.25 | 0.62 |
| 11 | Colorado profile | $57.84 | $120,300 | $75,460 | $174,770 | 1,050 | 0.36 | 0.89 |
| 12 | Wyoming profile | $57.48 | $119,550 | $101,370 | $119,550 | 170 | 0.61 | 1.49 |
| 13 | Maryland profile | $56.31 | $117,130 | $73,330 | $172,410 | 890 | 0.32 | 0.79 |
| 14 | Connecticut profile | $54.80 | $113,990 | $75,080 | $208,790 | 660 | 0.39 | 0.95 |
| 15 | Oregon profile | $52.69 | $109,580 | $64,720 | $158,250 | 430 | 0.22 | 0.54 |
| 16 | Iowa profile | $50.81 | $105,680 | $71,230 | $167,770 | 530 | 0.34 | 0.82 |
| 17 | Minnesota profile | $50.68 | $105,420 | $72,930 | $161,880 | 1,190 | 0.40 | 0.98 |
| 18 | Rhode Island profile | $50.23 | $104,470 | $59,290 | $186,580 | 450 | 0.90 | 2.19 |
| 19 | Illinois profile | $50.14 | $104,300 | $65,260 | $202,260 | 2,920 | 0.48 | 1.17 |
| 20 | Michigan profile | $49.97 | $103,940 | $60,400 | $165,410 | 1,150 | 0.26 | 0.63 |
| 21 | Texas profile | $49.88 | $103,760 | $64,250 | $159,220 | 4,780 | 0.34 | 0.83 |
| 22 | Pennsylvania profile | $49.54 | $103,040 | $64,700 | $172,820 | 2,370 | 0.39 | 0.95 |
| 23 | Arizona profile | $49.42 | $102,800 | $57,400 | $165,880 | 1,700 | 0.53 | 1.28 |
| 24 | Montana profile | $48.52 | $100,920 | $82,000 | $133,500 | 50 | 0.10 | 0.24 |
| 25 | Missouri profile | $48.38 | $100,620 | $60,850 | $162,140 | 1,070 | 0.36 | 0.89 |
| 26 | Georgia profile | $48.35 | $100,570 | $38,550 | $167,790 | 2,180 | 0.45 | 1.09 |
| 27 | Nevada profile | $48.08 | $100,010 | $65,000 | $169,040 | 570 | 0.37 | 0.90 |
| 28 | Florida profile | $48.03 | $99,900 | $58,080 | $172,550 | 3,770 | 0.38 | 0.92 |
| 29 | South Carolina profile | $47.85 | $99,520 | $59,580 | $167,820 | 560 | 0.24 | 0.59 |
| 30 | Indiana profile | $47.72 | $99,250 | $52,780 | $159,050 | 380 | 0.12 | 0.29 |
| 31 | District of Columbia profile | $47.71 | $99,230 | $82,960 | $204,930 | 210 | 0.31 | 0.75 |
| 32 | Ohio profile | $47.43 | $98,650 | $62,710 | $163,210 | 2,110 | 0.38 | 0.93 |
| 33 | Wisconsin profile | $47.03 | $97,820 | $64,630 | $141,030 | 610 | 0.21 | 0.51 |
| 34 | Mississippi profile | $46.20 | $96,100 | $51,780 | $198,880 | 230 | 0.20 | 0.48 |
| 35 | West Virginia profile | $45.36 | $94,350 | $56,050 | $137,660 | 50 | 0.07 | 0.17 |
| 36 | Nebraska profile | $45.33 | $94,280 | $58,190 | $124,750 | 250 | 0.24 | 0.58 |
| 37 | Tennessee profile | $43.73 | $90,950 | $57,270 | $154,490 | 540 | 0.17 | 0.40 |
| 38 | Hawaii profile | $43.20 | $89,860 | $61,740 | $134,990 | 90 | 0.14 | 0.35 |
| 39 | New Mexico profile | $41.95 | $87,260 | $59,170 | $132,870 | 180 | 0.20 | 0.49 |
| 40 | Alaska profile | $41.04 | $85,370 | $55,860 | $131,730 | 50 | 0.14 | 0.34 |
| 41 | Oklahoma profile | $40.94 | $85,140 | $50,630 | $139,930 | 330 | 0.19 | 0.47 |
| 42 | Kansas profile | $40.77 | $84,790 | $47,430 | $208,040 | 150 | 0.10 | 0.25 |
| 43 | Alabama profile | $39.31 | $81,750 | $39,640 | $141,000 | 180 | 0.08 | 0.20 |
| 44 | South Dakota profile | $37.96 | $78,960 | $70,310 | $148,750 | 130 | 0.28 | 0.67 |
| 45 | Utah profile | $37.39 | $77,770 | $57,250 | $135,360 | 630 | 0.37 | 0.89 |
| 46 | Idaho profile | $36.96 | $76,870 | $51,310 | $135,780 | 270 | 0.32 | 0.77 |
| 47 | Kentucky profile | $35.89 | $74,640 | $48,310 | $107,800 | 500 | 0.25 | 0.61 |
| 48 | North Dakota profile | $35.88 | $74,630 | $50,320 | $149,820 | 90 | 0.21 | 0.51 |
| 49 | Arkansas profile | $31.79 | $66,110 | $47,860 | $140,050 | 150 | 0.11 | 0.27 |
| 50 | Louisiana profile | $28.10 | $58,440 | $48,660 | $82,760 | 520 | 0.27 | 0.66 |
Related occupations
Occupations in the same SOC broad group (13-2050), with their national median annual wage.
Part of Business and Financial Operations Occupations. Compare any area in the wage explorer.
Source and notes
Data: BLS OEWS May 2025, released 2026-05-15. Cross-industry estimates, all ownerships. BLS page: OEWS 13-2054 Financial Risk Specialists.
**- Employment estimate not available.
- Annual wages assume 2,080 hours a year at the hourly rate; occupations BLS publishes on one basis only show an en dash (–) on the other.
- Employment is rounded to the nearest 10 by BLS. Where BLS withholds a cell, nothing is estimated in its place.
- Top industries: nat4d_M2025_dl.xlsx in oesm25in4.zip (BLS OEWS May 2025, national, 4-digit NAICS, cross-ownership). Employment is the industry's rounded total for this occupation; industries whose employment BLS withheld (**) are not ranked.
- Published medians: national_M2021_dl.xlsx to national_M2024_dl.xlsx in oesm21nat.zip to oesm24nat.zip (BLS OEWS May 2021 to May 2024, national, cross-industry, all ownerships) and the May 2025 spine. Each release is shown as published; nothing is computed between them.
Sources
- BLS Standard Occupational Classification 2018, definition of 13-2054, U.S. Bureau of Labor Statistics (public domain).
- O*NET 30.1 Database, 13-2054.00, National Center for O*NET Development, USDOL/ETA (CC BY 4.0).
- OEWS May 2025 national industry-specific estimates, 4-digit NAICS (oesm25in4.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2021 national estimates (oesm21nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2022 national estimates (oesm22nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2023 national estimates (oesm23nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2024 national estimates (oesm24nat.zip), US Bureau of Labor Statistics (public domain).
- OEWS May 2025 national estimates (oesm25nat.zip), the site's data spine, US Bureau of Labor Statistics (public domain).
Includes information from O*NET 30.1 Database by the U.S. Department of Labor, Employment and Training Administration, used under the CC BY 4.0 license.
Description written 2026-10-17 in our own words from the sources above.