Average Financial Risk Specialists Salary in Dover, DE
The average salary for Financial Risk Specialistss in Dover, DE is $103,930. While this is lower than the national average, the cost of living in Dover, DE may offset the difference, preserving real purchasing power. Notably, Dover, DE is a key hub for this profession, with a job concentration 1.69x higher than average.
Executive Summary
- Average Salary: $103,930 per year.
- Growth Trend: Salaries have shifted 6.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $148,770.
- 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 Dover, DE economy.
Salary Overview
The average Financial Risk Specialists in Dover, DE earns-14.3%below the national average.
$50
$1,999
$8,661
Financial Risk Specialists Salary Trends (2020-2024)
Over the past 1 years, Financial Risk Specialists salaries in Dover, DE have remained stable with a modest increase of 6.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Financial Risk Specialists Salary Distribution in Dover, DE
The earning potential for Financial Risk Specialistss in Dover, DE varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $63,900, while highly experienced professionals can command wages upwards of $148,770.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,900 | $30.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,948 | $37.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $104,720 | $50.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $129,913 | $62.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $148,770 | $71.5 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$103,930
Gross Pay
Real Wage (Purchasing Power)
$103,930
Adjusted for COL (100)
In Dover, DE, the Cost of Living Index is 100. This increases your effective purchasing power from $103,930 to $103,930.
Job Market Context
40
Total Jobs
0.616
Per 1K Jobs
1.69
Location Quotient
Dover, DE has 1.7x the national concentration of Financial Risk Specialists jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
40 people work as Financial Risk Specialists in Dover, DE.
Only 0.616 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. |
|---|---|---|
| Sussex Delaware nonmetropolitan area Financial Risk Specialists Salary | $107,160↑ 3% | 11 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Financial Risk Specialists Salary | $123,470↑ 19% | 58 mi |
| Atlantic City-Hammonton, NJ Financial Risk Specialists Salary | $84,210↓ 19% | 59 mi |
Comparing salaries near Dover, DE
Hiring Financial Risk Specialistss?
Frequently Asked Questions
How much does a Financial Risk Specialists make in Dover, DE?
The median annual salary for a Financial Risk Specialists in Dover, DE is $103,930. This typically ranges from $63,900 for entry-level positions to $148,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Dover, DE is 14.3% lower than the national median of $121,220.
Is Dover, DE a good place for Financial Risk Specialistss?
Yes, Dover, DE is highly recommended due to strong job demand. While salaries are competitive ($103,930), the area is particularly notable for its high job density for Financial Risk Specialistss. See distinct detailed breakdown below.
Is Dover, DE a good place to live for Financial Risk Specialists?
The Cost of Living Index in Dover, DE is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Dover, DE?
Some top paying nearby cities include Sussex Delaware nonmetropolitan area ($107,160) and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD.
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 Dover, DE area with a job density of 0.616 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 Dover, DE