Average Financial Risk Specialists Salary in Albany-Schenectady-Troy, NY
The average salary for a Financial Risk Specialists in Albany-Schenectady-Troy, NY is $111,290. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $111,290 per year.
- Growth Trend: Salaries have shifted 4.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $160,790.
- Outlook: The current demand for Financial Risk Specialistss is stable, with a local workforce of approximately 190 professionals. This role remains a specialized component of the broader Albany-Schenectady-Troy, NY economy.
Salary Overview
The average Financial Risk Specialists in Albany-Schenectady-Troy, NY earns-8.2%below the national average.
$53.5
$2,140
$9,274
Financial Risk Specialists Salary Trends (2020-2024)
Over the past 3 years, Financial Risk Specialists salaries in Albany-Schenectady-Troy, NY have seen a slight adjustment of -4.7%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Financial Risk Specialists Salary Distribution in Albany-Schenectady-Troy, NY
The earning potential for Financial Risk Specialistss in Albany-Schenectady-Troy, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $60,230, while highly experienced professionals can command wages upwards of $160,790.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,230 | $29 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $83,468 | $40.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $104,240 | $50.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $139,113 | $66.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $160,790 | $77.3 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$111,290
Gross Pay
Real Wage (Purchasing Power)
$111,290
Adjusted for COL (100)
In Albany-Schenectady-Troy, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $111,290 to $111,290.
Job Market Context
190
Total Jobs
0.426
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Financial Risk Specialists roles compared to the national norm.
190 people work as Financial Risk Specialists in Albany-Schenectady-Troy, NY.
Only 0.426 out of every 1,000 local jobs are Financial Risk Specialists roles — this is a niche profession in the area.
Nearby Job Markets
Hiring Financial Risk Specialistss?
Frequently Asked Questions
How much does a Financial Risk Specialists make in Albany-Schenectady-Troy, NY?
The median annual salary for a Financial Risk Specialists in Albany-Schenectady-Troy, NY is $111,290. This typically ranges from $60,230 for entry-level positions to $160,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 8.2% lower than the national median of $121,220.
Is Albany-Schenectady-Troy, NY a good place for Financial Risk Specialistss?
It depends on your priorities. While the average Financial Risk Specialists salary in Albany-Schenectady-Troy, NY is $111,290 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Albany-Schenectady-Troy, NY. See distinct detailed breakdown below.
Is Albany-Schenectady-Troy, NY a good place to live for Financial Risk Specialists?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 190 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.426 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Risk Specialists Salaries by State
Top Jobs in Albany-Schenectady-Troy, NY
- All Occupations Salary in Albany-Schenectady-Troy, NY
- Office and Administrative Support Occupations Salary in Albany-Schenectady-Troy, NY
- Business and Financial Operations Occupations Salary in Albany-Schenectady-Troy, NY
- Sales and Related Occupations Salary in Albany-Schenectady-Troy, NY
- Educational Instruction and Library Occupations Salary in Albany-Schenectady-Troy, NY
- Food Preparation and Serving Related Occupations Salary in Albany-Schenectady-Troy, NY
- Transportation and Material Moving Occupations Salary in Albany-Schenectady-Troy, NY
- Management Occupations Salary in Albany-Schenectady-Troy, NY
- Healthcare Practitioners and Technical Occupations Salary in Albany-Schenectady-Troy, NY
- Healthcare Support Occupations Salary in Albany-Schenectady-Troy, NY
- Browse All Jobs in Albany-Schenectady-Troy, NY →
Semantic Salary Analysis for Financial Risk Specialists • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY