Average Financial Risk Specialists Salary in Tampa-St. Petersburg-Clearwater, FL
Financial Risk Specialists in the Tampa-St. Petersburg-Clearwater, FL area earn an average annual salary of $104,520. This figure is notably below the national average of $121,220, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation levels within this metropolitan region.
Executive Summary
- Average Salary: $104,520 per year.
- Growth Trend: Salaries have shifted 3.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $166,810.
- Outlook: The Tampa-St. Petersburg-Clearwater area supports a dedicated workforce of 890 Financial Risk Specialists. With a Location Quotient of 1.7, this indicates a concentration of these professionals that is 70% higher than the national average, signaling a robust and potentially growing demand for specialized risk management expertise within the region's financial sector.
Salary Overview
The average Financial Risk Specialists in Tampa-St. Petersburg-Clearwater, FL earns-13.8%below the national average.
$50.3
$2,010
$8,710
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 consistent growth over the past four years, driven by increasing regulatory complexity and the need for sophisticated risk mitigation strategies across industries. This trend likely translates to a steady or increasing average salary for these professionals in the Tampa-St. Petersburg-Clearwater area.
Financial Risk Specialists Salary Distribution in Tampa-St. Petersburg-Clearwater, FL
The career trajectory for Financial Risk Specialists typically involves significant salary growth with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise and take on more complex responsibilities, their earning potential escalates. The widening gap between entry-level and senior-level salaries, often reflected in salary percentiles, clearly signifies substantial opportunities for career progression and increased compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,590 | $22.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $78,390 | $37.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,380 | $47.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $130,650 | $62.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $166,810 | $80.2 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$104,520
Gross Pay
Real Wage (Purchasing Power)
$104,520
Adjusted for COL (100)
The average annual salary of $104,520 for Financial Risk Specialists in Tampa-St. Petersburg-Clearwater, FL, 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, providing a stable financial foundation for residents within this metropolitan area.
Job Market Context
890
Total Jobs
0.62
Per 1K Jobs
1.7
Location Quotient
Tampa-St. Petersburg-Clearwater, FL 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.
A Location Quotient of 1.7 for Financial Risk Specialists in Tampa-St. Petersburg-Clearwater, FL, signifies a market that is significantly more concentrated than the national average. This suggests a higher demand for these specialized roles relative to the general workforce, potentially leading to competitive hiring environments and opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Risk Specialists
| City | Salary | Dist. |
|---|---|---|
| Lakeland-Winter Haven, FL Financial Risk Specialists Salary | $103,110↓ 1% | 32 mi |
Comparing salaries near Tampa-St. Petersburg-Clearwater, FL
Hiring Financial Risk Specialistss?
Frequently Asked Questions
How much does a Financial Risk Specialists make in Tampa-St. Petersburg-Clearwater, FL?
The median annual salary for a Financial Risk Specialists in Tampa-St. Petersburg-Clearwater, FL is $104,520. This typically ranges from $47,590 for entry-level positions to $166,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tampa-St. Petersburg-Clearwater, FL is 13.8% lower than the national median of $121,220.
Is Tampa-St. Petersburg-Clearwater, FL a lucrative place for Financial Risk Specialists?
Yes, with a caveat.While the average salary of $104,520 is below the national average, the strong concentration of professionals (LQ 1.7) and a cost of living at the national average indicates a stable and potentially growing market for these specialists.
Is Tampa-St. Petersburg-Clearwater, FL a good place to live for Financial Risk Specialists?
The Cost of Living Index in Tampa-St. Petersburg-Clearwater, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tampa-St. Petersburg-Clearwater, FL?
Some top paying nearby cities include Lakeland-Winter Haven, FL ($103,110) and others.
How does the Tampa-St. Petersburg-Clearwater salary compare to the national average?
The average salary for Financial Risk Specialists in Tampa-St. Petersburg-Clearwater, FL is $104,520, which is $16,700 less than the national average of $121,220.
What is the concentration of Financial Risk Specialists in this area?
The Tampa-St. Petersburg-Clearwater area has a Location Quotient of 1.7 for Financial Risk Specialists, meaning the concentration of these professionals is 70% higher than the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the Tampa-St. Petersburg-Clearwater area has a cost of living that is exactly at the national average, making the $104,520 salary hold its purchasing power equivalently.
How many Financial Risk Specialists work in this region?
There are approximately 890 Financial Risk Specialists employed within the Tampa-St. Petersburg-Clearwater, FL metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 890 employees in the Tampa-St. Petersburg-Clearwater, FL area with a job density of 0.62 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Risk Specialists Salaries by State
Top Jobs in Tampa-St. Petersburg-Clearwater, FL
- All Occupations Salary in Tampa-St. Petersburg-Clearwater, FL
- Office and Administrative Support Occupations Salary in Tampa-St. Petersburg-Clearwater, FL
- Sales and Related Occupations Salary in Tampa-St. Petersburg-Clearwater, FL
- Food Preparation and Serving Related Occupations Salary in Tampa-St. Petersburg-Clearwater, FL
- Business and Financial Operations Occupations Salary in Tampa-St. Petersburg-Clearwater, FL
- Transportation and Material Moving Occupations Salary in Tampa-St. Petersburg-Clearwater, FL
- Management Occupations Salary in Tampa-St. Petersburg-Clearwater, FL
- Healthcare Practitioners and Technical Occupations Salary in Tampa-St. Petersburg-Clearwater, FL
- Construction and Extraction Occupations Salary in Tampa-St. Petersburg-Clearwater, FL
- Educational Instruction and Library Occupations Salary in Tampa-St. Petersburg-Clearwater, FL
- Browse All Jobs in Tampa-St. Petersburg-Clearwater, FL →
Semantic Salary Analysis for Financial Risk Specialists • Data source: BLS OEWS 2024 •Jobs in Tampa-St. Petersburg-Clearwater, FL