Average Financial Risk Specialists Salary in Bloomington, IL
Yes, Bloomington, IL is a highly lucrative market for Financial Risk Specialistss. With an average annual salary of $141,680, professionals here earn significantly more than the national norm. Notably, Bloomington, IL is a key hub for this profession, with a job concentration 1.32x higher than average.
Executive Summary
- Average Salary: $141,680 per year.
- Growth Trend: Salaries have shifted 72.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $207,460.
- Outlook: The current demand for Financial Risk Specialistss is stable, with a local workforce of approximately 40 professionals. This role remains a specialized component of the broader Bloomington, IL economy.
Salary Overview
The average Financial Risk Specialists in Bloomington, IL earns+16.9%above the national average.
$68.1
$2,725
$11,807
Financial Risk Specialists Salary Trends (2020-2024)
Over the past 3 years, Financial Risk Specialists salaries in Bloomington, IL have experienced a rapid surge, growing by 72.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Financial Risk Specialists Salary Distribution in Bloomington, IL
The earning potential for Financial Risk Specialistss in Bloomington, IL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $74,040, while highly experienced professionals can command wages upwards of $207,460.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,040 | $35.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $106,260 | $51.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $124,940 | $60.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $177,100 | $85.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $207,460 | $99.7 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$141,680
Gross Pay
Real Wage (Purchasing Power)
$141,680
Adjusted for COL (100)
In Bloomington, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $141,680 to $141,680.
Job Market Context
40
Total Jobs
0.484
Per 1K Jobs
1.32
Location Quotient
With a location quotient of 1.32, Bloomington, IL has a slightly higher-than-average concentration of Financial Risk Specialists roles compared to the national norm.
40 people work as Financial Risk Specialists in Bloomington, IL.
Only 0.484 out of every 1,000 local jobs are Financial Risk Specialists roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Financial Risk Specialists
| City | Salary | Dist. |
|---|---|---|
| East Central Illinois nonmetropolitan area Financial Risk Specialists Salary | $87,730↓ 38% | 9 mi |
Comparing salaries near Bloomington, IL
Hiring Financial Risk Specialistss?
Frequently Asked Questions
How much does a Financial Risk Specialists make in Bloomington, IL?
The median annual salary for a Financial Risk Specialists in Bloomington, IL is $141,680. This typically ranges from $74,040 for entry-level positions to $207,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IL is 16.9% higher than the national median of $121,220.
Is Bloomington, IL a good place for Financial Risk Specialistss?
Yes, Bloomington, IL is an excellent location for Financial Risk Specialistss. It offers both higher-than-average salaries ($141,680) and a high concentration of job opportunities. See distinct detailed breakdown below.
Is Bloomington, IL a good place to live for Financial Risk Specialists?
The Cost of Living Index in Bloomington, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bloomington, IL?
Some top paying nearby cities include East Central Illinois nonmetropolitan area ($87,730) and others.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 40 employees in the Bloomington, IL area with a job density of 0.484 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 Bloomington, IL