Average Financial Risk Specialists Salary in Springfield, MO
The average salary for Financial Risk Specialistss in Springfield, MO is $91,130. While this is lower than the national average, the cost of living in Springfield, MO may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $91,130 per year.
- Growth Trend: Salaries have shifted 31.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,240.
- 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 Springfield, MO economy.
Salary Overview
The average Financial Risk Specialists in Springfield, MO earns-24.8%below the national average.
$43.8
$1,753
$7,594
Financial Risk Specialists Salary Trends (2020-2024)
Over the past 3 years, Financial Risk Specialists salaries in Springfield, MO have experienced a rapid surge, growing by 31.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Financial Risk Specialists Salary Distribution in Springfield, MO
The earning potential for Financial Risk Specialistss in Springfield, MO 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 $45,970, while highly experienced professionals can command wages upwards of $130,240.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,970 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,348 | $32.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,420 | $38.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,913 | $54.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,240 | $62.6 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$91,130
Gross Pay
Real Wage (Purchasing Power)
$91,130
Adjusted for COL (100)
In Springfield, MO, the Cost of Living Index is 100. This increases your effective purchasing power from $91,130 to $91,130.
Job Market Context
40
Total Jobs
0.158
Per 1K Jobs
0.43
Location Quotient
At 0.43x, Springfield, MO has a notably lower concentration of Financial Risk Specialists jobs than the national average. Opportunities in this area are relatively scarce for this profession.
40 people work as Financial Risk Specialists in Springfield, MO.
Only 0.158 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. |
|---|---|---|
| Fayetteville-Springdale-Rogers, AR Financial Risk Specialists Salary | $105,450↑ 16% | 91 mi |
Comparing salaries near Springfield, MO
Hiring Financial Risk Specialistss?
Frequently Asked Questions
How much does a Financial Risk Specialists make in Springfield, MO?
The median annual salary for a Financial Risk Specialists in Springfield, MO is $91,130. This typically ranges from $45,970 for entry-level positions to $130,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MO is 24.8% lower than the national median of $121,220.
Is Springfield, MO a good place for Financial Risk Specialistss?
It depends on your priorities. While the average Financial Risk Specialists salary in Springfield, MO is $91,130 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Springfield, MO. See distinct detailed breakdown below.
Is Springfield, MO a good place to live for Financial Risk Specialists?
The Cost of Living Index in Springfield, MO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MO?
Some top paying nearby cities include Fayetteville-Springdale-Rogers, AR ($105,450) 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 Springfield, MO area with a job density of 0.158 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 Springfield, MO