Average Financial Risk Specialists Salary in Raleigh-Cary, NC
Financial Risk Specialists in Raleigh-Cary, NC, earn an average annual salary of $105,800. This figure is notably below the national average of $121,220, suggesting that local market dynamics and potentially a slightly lower demand or different industry mix influence compensation in this specific metropolitan area. While the salary is lower than the national benchmark, the cost of living remains on par, which is a crucial factor in understanding the true value of this income.
Executive Summary
- Average Salary: $105,800 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $178,100.
- Outlook: The job market for Financial Risk Specialists in Raleigh-Cary, NC, shows a moderate level of concentration, with a Location Quotient of 1.02, indicating a presence very close to the national average. The total local workforce of 270 specialists, coupled with 0.372 jobs per 1,000 workers, suggests a stable, albeit not rapidly expanding, demand for these professionals within the region. This indicates a consistent need for risk management expertise, but perhaps not a surge in new opportunities.
Salary Overview
The average Financial Risk Specialists in Raleigh-Cary, NC earns-12.7%below the national average.
$50.9
$2,035
$8,817
Financial Risk Specialists Salary Trends (2020-2024)
While specific historical data for Raleigh-Cary is not provided, it's reasonable to assume that salaries for Financial Risk Specialists have experienced growth over the past four years, mirroring national trends. Economic shifts, evolving regulatory landscapes, and an increasing emphasis on robust risk management frameworks typically drive upward pressure on compensation for these specialized roles, even in localized markets.
Financial Risk Specialists Salary Distribution in Raleigh-Cary, NC
The salary progression for Financial Risk Specialists in Raleigh-Cary, NC, typically scales significantly with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive expertise and specialized certifications can command salaries well above the average. The percentile gaps in compensation clearly signify career progression, rewarding accumulated knowledge, strategic oversight, and a proven track record in mitigating financial risks.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,360 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $79,350 | $38.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,750 | $46 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $132,250 | $63.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $178,100 | $85.6 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$105,800
Gross Pay
Real Wage (Purchasing Power)
$105,800
Adjusted for COL (100)
The average annual salary of $105,800 for Financial Risk Specialists in Raleigh-Cary, NC, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the nominal salary offers purchasing power equivalent to the national average. While not providing an immediate boost in disposable income compared to the national standard, it ensures that the cost of essential goods and services remains stable and predictable for residents.
Job Market Context
270
Total Jobs
0.372
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Raleigh-Cary, NC has a slightly higher-than-average concentration of Financial Risk Specialists roles compared to the national norm.
With a Location Quotient of 1.02, the Raleigh-Cary, NC market for Financial Risk Specialists is almost perfectly aligned with the national average in terms of concentration. This suggests a balanced job market where the number of specialists relative to the overall workforce is neither exceptionally high nor low. It implies a competitive environment where employers seek qualified candidates, but the sheer volume of opportunities may not drastically outweigh the number of available professionals.
Nearby Job Markets
Nearby Cities for Financial Risk Specialists
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Financial Risk Specialists Salary | $111,060↑ 5% | 18 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Financial Risk Specialistss?
Frequently Asked Questions
How much does a Financial Risk Specialists make in Raleigh-Cary, NC?
The median annual salary for a Financial Risk Specialists in Raleigh-Cary, NC is $105,800. This typically ranges from $47,360 for entry-level positions to $178,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 12.7% lower than the national median of $121,220.
Is Raleigh-Cary, NC a lucrative place for Financial Risk Specialists?
It is a stable, but not exceptionally lucrative, place for Financial Risk Specialists.The average salary of $105,800 is below the national average, though the cost of living is also at the national average. This indicates that while your earnings will go as far as they would nationally, they do not offer a significant premium.
Is Raleigh-Cary, NC a good place to live for Financial Risk Specialists?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($111,060) and others.
How does the number of Financial Risk Specialists in Raleigh-Cary compare nationally?
Raleigh-Cary has a total local workforce of 270 Financial Risk Specialists, with a Location Quotient of 1.02, indicating a concentration very close to the national average.
What is the job availability like for Financial Risk Specialists in Raleigh-Cary?
There are approximately 0.372 Financial Risk Specialist jobs per 1,000 workers in Raleigh-Cary, suggesting a steady but not overwhelming demand for these professionals.
Does experience significantly impact a Financial Risk Specialist's salary in Raleigh-Cary?
Yes, experience is a major factor. Entry-level roles will pay less, while senior specialists with extensive expertise and proven risk management skills can command salaries substantially higher than the average.
How does the average salary compare to the national average for this role?
The average salary for Financial Risk Specialists in Raleigh-Cary, NC, is $105,800, which is lower than the national average of $121,220.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Raleigh-Cary, NC area with a job density of 0.372 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 Raleigh-Cary, NC