Average Financial Risk Specialists Salary in Texas
Financial Risk Specialists in Texas earn an average annual salary of $101,560, which is below the national average of $121,220. This disparity is often influenced by regional economic factors, industry concentration, and the overall demand for specialized financial expertise within the state's unique market landscape.
Executive Summary
- Average Salary: $101,560 per year.
- Growth Trend: Salaries have shifted 6.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $158,790.
- Outlook: With a local workforce of 4,440 Financial Risk Specialists, Texas demonstrates a substantial presence in this field. The Location Quotient of 0.88 suggests that while the concentration is slightly below the national average, the sheer volume of professionals indicates a robust and active job market, signifying consistent demand for these critical roles.
Salary Overview
The average Financial Risk Specialists in Texas earns-16.2%below the national average.
$48.8
$1,953
$8,463
Financial Risk Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the field of Financial Risk Specialists has experienced steady growth over the past four years, mirroring the increasing complexity of financial markets and regulatory environments. This trend likely translates to a positive trajectory in average salaries within Texas, reflecting both inflation and the escalating demand for skilled professionals.
Financial Risk Specialists Salary Distribution in Texas
Salary progression for Financial Risk Specialists in Texas typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries well into the upper percentiles. These percentile gaps highlight the substantial career growth and earning potential available as specialists advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,300 | $28 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $76,170 | $36.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $96,100 | $46.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $126,950 | $61 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $158,790 | $76.3 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$101,560
Gross Pay
Real Wage (Purchasing Power)
$109,204
Adjusted for COL (93)
The nominal average salary of $101,560 for Financial Risk Specialists in Texas is quite favorable when considering the local Cost of Living Index of 93. This index, being below the national average of 100, indicates that the purchasing power of a Texas-based salary is relatively strong, allowing specialists to maintain a good standard of living.
Job Market Context
4,440
Total Jobs
0.321
Per 1K Jobs
0.88
Location Quotient
Texas has 0.88x 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 0.88 for Financial Risk Specialists in Texas indicates a market that is nearly on par with the national average in terms of concentration. This suggests a competitive yet accessible job market where opportunities exist, but professionals may face competition from a well-established pool of talent.
Nearby Job Markets
Nearby Cities for Financial Risk Specialists
| City | Salary | Dist. |
|---|---|---|
| Austin-Round Rock-San Marcos, TX Financial Risk Specialists Salary | $107,570↑ 6% | 53 mi |
| College Station-Bryan, TX Financial Risk Specialists Salary | $53,480↓ 47% | 82 mi |
Comparing salaries near Texas
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Frequently Asked Questions
How much does a Financial Risk Specialists make in Texas?
The median annual salary for a Financial Risk Specialists in Texas is $101,560. This typically ranges from $58,300 for entry-level positions to $158,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Texas is 16.2% lower than the national median of $121,220.
Is Texas a lucrative place for Financial Risk Specialists?
Yes, with a favorable cost of living.While the average salary is below the national benchmark, the lower cost of living in Texas enhances the purchasing power of the $101,560 average salary. The substantial workforce also indicates a healthy demand for the role.
Is Texas a good place to live for Financial Risk Specialists?
With a Cost of Living Index of 93 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Texas?
Some top paying nearby cities include Austin-Round Rock-San Marcos, TX ($107,570) and College Station-Bryan, TX.
How does the number of Financial Risk Specialists in Texas compare nationally?
Texas employs 4,440 Financial Risk Specialists, with a jobs per 1,000 workers rate of 0.321, indicating a significant presence in the national landscape.
What is the significance of the Location Quotient for this role in Texas?
A Location Quotient of 0.88 suggests that Financial Risk Specialists are slightly less concentrated in Texas compared to the national average, implying a balanced market with potential for growth.
How does the cost of living in Texas affect the Financial Risk Specialist salary?
With a Cost of Living Index of 93, Texas offers a lower cost of living than the national average, making the $101,560 salary more valuable in terms of purchasing power.
What factors might contribute to the salary difference between Texas and the national average?
Factors such as regional economic conditions, the presence of major financial hubs, and the specific demand from industries within Texas can influence salary levels compared to 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 4,440 employees in the Texas area with a job density of 0.321 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 Texas