Average Financial Risk Specialists Salary in Syracuse, NY
The average salary for Financial Risk Specialistss in Syracuse, NY is $107,310. While this is lower than the national average, the cost of living in Syracuse, NY may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $107,310 per year.
- Growth Trend: Salaries have shifted 4.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,750.
- Outlook: The current demand for Financial Risk Specialistss is stable, with a local workforce of approximately 80 professionals. This role remains a specialized component of the broader Syracuse, NY economy.
Salary Overview
The average Financial Risk Specialists in Syracuse, NY earns-11.5%below the national average.
$51.6
$2,064
$8,943
Financial Risk Specialists Salary Trends (2020-2024)
Over the past 3 years, Financial Risk Specialists salaries in Syracuse, NY have remained stable with a modest increase of 4.6%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Financial Risk Specialists Salary Distribution in Syracuse, NY
The earning potential for Financial Risk Specialistss in Syracuse, NY 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 $59,850, while highly experienced professionals can command wages upwards of $129,750.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,850 | $28.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $80,483 | $38.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $121,540 | $58.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $134,138 | $64.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,750 | $62.4 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$107,310
Gross Pay
Real Wage (Purchasing Power)
$107,310
Adjusted for COL (100)
In Syracuse, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $107,310 to $107,310.
Job Market Context
80
Total Jobs
0.263
Per 1K Jobs
0.72
Location Quotient
Syracuse, NY has 0.72x 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.
80 people work as Financial Risk Specialists in Syracuse, NY.
Only 0.263 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. |
|---|---|---|
| Utica-Rome, NY Financial Risk Specialists Salary | $108,200↑ 1% | 46 mi |
Comparing salaries near Syracuse, NY
Hiring Financial Risk Specialistss?
Frequently Asked Questions
How much does a Financial Risk Specialists make in Syracuse, NY?
The median annual salary for a Financial Risk Specialists in Syracuse, NY is $107,310. This typically ranges from $59,850 for entry-level positions to $129,750 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Syracuse, NY is 11.5% lower than the national median of $121,220.
Is Syracuse, NY a good place for Financial Risk Specialistss?
It depends on your priorities. While the average Financial Risk Specialists salary in Syracuse, NY is $107,310 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Syracuse, NY. See distinct detailed breakdown below.
Is Syracuse, NY a good place to live for Financial Risk Specialists?
The Cost of Living Index in Syracuse, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Syracuse, NY?
Some top paying nearby cities include Utica-Rome, NY ($108,200) 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 80 employees in the Syracuse, NY area with a job density of 0.263 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 Syracuse, NY