Average Financial Risk Specialists Salary in Houston-Pasadena-The Woodlands, TX
Financial Risk Specialists in the Houston-Pasadena-The Woodlands, TX area earn an average annual salary of $102,170. This figure is notably below the national average of $121,220, suggesting that local market dynamics and industry concentration play a significant role in compensation for this specialized finance role.
Executive Summary
- Average Salary: $102,170 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $155,590.
- Outlook: The Houston-Pasadena-The Woodlands metropolitan area supports a local workforce of 670 Financial Risk Specialists. With a Location Quotient of 0.56, the concentration of these professionals is below the national average, indicating a less saturated but potentially growing market for these specialized roles.
Salary Overview
The average Financial Risk Specialists in Houston-Pasadena-The Woodlands, TX earns-15.7%below the national average.
$49.1
$1,965
$8,514
Financial Risk Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the demand for Financial Risk Specialists has seen steady growth over the past four years, driven by increasing regulatory complexity and the need for robust risk management frameworks across industries. This trend likely translates to a gradual increase in average salaries within the Houston-Pasadena-The Woodlands region.
Financial Risk Specialists Salary Distribution in Houston-Pasadena-The Woodlands, TX
Salary progression for Financial Risk Specialists typically scales with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles, reflecting their increased value and responsibility within an organization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,810 | $26.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $76,628 | $36.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,620 | $46 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $127,713 | $61.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $155,590 | $74.8 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$102,170
Gross Pay
Real Wage (Purchasing Power)
$102,170
Adjusted for COL (100)
The average annual salary of $102,170 in Houston-Pasadena-The Woodlands aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that the cost of living is neither a significant advantage nor a disadvantage for Financial Risk Specialists relocating to or residing in this area.
Job Market Context
670
Total Jobs
0.205
Per 1K Jobs
0.56
Location Quotient
Houston-Pasadena-The Woodlands, TX has 0.56x 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 0.56 indicates that Financial Risk Specialists are less concentrated in the Houston-Pasadena-The Woodlands area compared to the national average. This suggests that while the demand exists, the market is not oversaturated, potentially offering good opportunities for skilled professionals but also implying a need for specialists to actively seek out roles rather than having them readily available.
Nearby Job Markets
Nearby Cities for Financial Risk Specialists
| City | Salary | Dist. |
|---|---|---|
| College Station-Bryan, TX Financial Risk Specialists Salary | $53,480↓ 48% | 77 mi |
Comparing salaries near Houston-Pasadena-The Woodlands, TX
Hiring Financial Risk Specialistss?
Frequently Asked Questions
How much does a Financial Risk Specialists make in Houston-Pasadena-The Woodlands, TX?
The median annual salary for a Financial Risk Specialists in Houston-Pasadena-The Woodlands, TX is $102,170. This typically ranges from $55,810 for entry-level positions to $155,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Houston-Pasadena-The Woodlands, TX is 15.7% lower than the national median of $121,220.
Is Houston-Pasadena-The Woodlands, TX a lucrative place for Financial Risk Specialists?
No, not exceptionally lucrative compared to the national average.While the average salary of $102,170 is substantial, it falls below the national average of $121,220. However, the cost of living is on par with the national average, making the purchasing power comparable.
Is Houston-Pasadena-The Woodlands, TX a good place to live for Financial Risk Specialists?
The Cost of Living Index in Houston-Pasadena-The Woodlands, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Houston-Pasadena-The Woodlands, TX?
Some top paying nearby cities include College Station-Bryan, TX ($53,480) and others.
How does the local workforce size impact job opportunities?
A local workforce of 670 Financial Risk Specialists suggests a moderate-sized market. While not as large as some major financial hubs, it indicates a stable presence and ongoing need for these professionals within the region.
What does a Location Quotient of 0.56 mean for job seekers?
A Location Quotient below 1.0 signifies that Financial Risk Specialists are less prevalent in Houston-Pasadena-The Woodlands than the national average. This could mean less competition for certain roles but also potentially fewer specialized opportunities.
How does the Cost of Living Index affect the perceived salary?
With a Cost of Living Index of 100, the $102,170 salary in Houston-Pasadena-The Woodlands offers the same relative purchasing power as the national average salary. This means your earnings will likely stretch similarly to what they would elsewhere in the country.
Are there many Financial Risk Specialist jobs in Houston-Pasadena-The Woodlands?
The data indicates 0.205 jobs per 1,000 workers, which is a modest figure. While opportunities exist, the market is not as densely populated with these roles as 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 670 employees in the Houston-Pasadena-The Woodlands, TX area with a job density of 0.205 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 Houston-Pasadena-The Woodlands, TX