Average Financial Risk Specialists Salary in Austin-Round Rock-San Marcos, TX
Financial Risk Specialists in the Austin-Round Rock-San Marcos, TX area earn an average annual salary of $107,570. This figure is notably below the national average of $121,220, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation for this specialized finance role.
Executive Summary
- Average Salary: $107,570 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,470.
- Outlook: With a local workforce of 350 Financial Risk Specialists and a Location Quotient of 0.76, the market in Austin-Round Rock-San Marcos indicates a slightly lower concentration compared to the national average. While not a major hub for this specific profession, the presence of a dedicated workforce suggests consistent, albeit moderate, demand for these analytical skills within the region's financial sector.
Salary Overview
The average Financial Risk Specialists in Austin-Round Rock-San Marcos, TX earns-11.3%below the national average.
$51.7
$2,069
$8,964
Financial Risk Specialists Salary Trends (2020-2024)
While specific historical data for this localized role isn't provided, it's reasonable to assume that over the past four years, salaries for Financial Risk Specialists in Austin-Round Rock-San Marcos have likely seen modest growth, mirroring national trends. Factors such as increasing regulatory complexity and the growing importance of data analytics in risk management typically drive upward pressure on compensation for experienced professionals.
Financial Risk Specialists Salary Distribution in Austin-Round Rock-San Marcos, TX
The salary progression for Financial Risk Specialists typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise in areas like quantitative analysis and regulatory compliance can command salaries well into the upper percentiles. These percentile gaps highlight the substantial career growth and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,990 | $30.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $80,678 | $38.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $100,500 | $48.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $134,463 | $64.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $164,470 | $79.1 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$107,570
Gross Pay
Real Wage (Purchasing Power)
$107,570
Adjusted for COL (100)
The average annual salary of $107,570 for Financial Risk Specialists in Austin-Round Rock-San Marcos aligns perfectly with the national average cost of living (100). This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial standing for professionals considering a move to this vibrant Texas metropolitan area.
Job Market Context
350
Total Jobs
0.279
Per 1K Jobs
0.76
Location Quotient
Austin-Round Rock-San Marcos, TX has 0.76x the national average concentration of Financial Risk Specialists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.76 suggests that Financial Risk Specialists are slightly less concentrated in the Austin-Round Rock-San Marcos area compared to the national average. This indicates that while the profession is present and valued, the job market may be less saturated, potentially offering good opportunities for skilled individuals without facing intense competition from a large pool of local candidates.
Nearby Job Markets
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Frequently Asked Questions
How much does a Financial Risk Specialists make in Austin-Round Rock-San Marcos, TX?
The median annual salary for a Financial Risk Specialists in Austin-Round Rock-San Marcos, TX is $107,570. This typically ranges from $62,990 for entry-level positions to $164,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Austin-Round Rock-San Marcos, TX is 11.3% lower than the national median of $121,220.
Is Austin-Round Rock-San Marcos, TX a lucrative place for Financial Risk Specialists?
No, not exceptionally lucrative compared to the national average.While the salary of $107,570 is substantial, it falls below the national average of $121,220. However, the cost of living being at the national average means the salary's purchasing power is equivalent nationally.
Is Austin-Round Rock-San Marcos, TX a good place to live for Financial Risk Specialists?
The Cost of Living Index in Austin-Round Rock-San Marcos, TX is 100. While higher than average, this often correlates with higher wages.
What is the average salary for a Financial Risk Specialist in Austin-Round Rock-San Marcos, TX?
The average annual salary for a Financial Risk Specialist in the Austin-Round Rock-San Marcos, TX area is $107,570.
How does the Austin-Round Rock-San Marcos salary compare to the national average?
The average salary in Austin-Round Rock-San Marcos ($107,570) is lower than the national average salary of $121,220 for Financial Risk Specialists.
What is the cost of living in Austin-Round Rock-San Marcos, TX?
The cost of living in Austin-Round Rock-San Marcos, TX is at the national average, indexed at 100.
How concentrated is the Financial Risk Specialist job market in Austin-Round Rock-San Marcos, TX?
The job market for Financial Risk Specialists in Austin-Round Rock-San Marcos, TX has a Location Quotient of 0.76, indicating a slightly lower concentration than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Austin-Round Rock-San Marcos, TX area with a job density of 0.279 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Risk Specialists • Data source: BLS OEWS 2024 •Jobs in Austin-Round Rock-San Marcos, TX