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Average Financial Risk Specialists Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV

Financial Risk Specialists in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area earn an impressive average annual salary of $129,540. This figure notably surpasses the national average of $121,220, indicating a premium for specialized financial expertise within this dynamic region. The concentration of government agencies, financial institutions, and consulting firms likely drives this elevated compensation.

Executive Summary

  • Average Salary: $129,540 per year.
  • Growth Trend: Salaries have shifted 12.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $187,140.
  • Outlook: The job market for Financial Risk Specialists in Washington-Arlington-Alexandria appears stable, with a local workforce of 1,100 individuals. The Location Quotient of 0.96 suggests a presence that is nearly on par with the national average, implying consistent demand for these professionals within the region's economic landscape.
2024 Market Data

Salary Overview

$129,540

The average Financial Risk Specialists in Washington-Arlington-Alexandria, DC-VA-MD-WV earns+6.9%above the national average.

BreakdownBased on 40h/week
Hourly

$62.3

Weekly

$2,491

Monthly

$10,795

Financial Risk Specialists Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV

Salary progression for Financial Risk Specialists is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive expertise and a proven track record can expect to earn significantly more, often reaching the higher percentiles. The widening gap between entry-level and senior roles reflects the increasing value placed on specialized knowledge and strategic oversight.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$74,810$36
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$97,155$46.7
ManagerOversees team, compliance, and project delivery.50% (Median)$116,480$56
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$161,925$77.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$187,140$90

Detailed Financial Risk Specialists Market Analysis

Relocation Context

Nominal Salary

$129,540

Gross Pay

Real Wage (Purchasing Power)

$129,540

Adjusted for COL (100)

The nominal average salary of $129,540 in Washington-Arlington-Alexandria aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, a Financial Risk Specialist's earnings in this area will afford them a purchasing power equivalent to the national average, making it a financially neutral location in terms of cost of living relative to income.

Job Market Context

1,100

Total Jobs

0.352

Per 1K Jobs

0.96

Location Quotient

Below Average

Washington-Arlington-Alexandria, DC-VA-MD-WV has 0.96x 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.

With a Location Quotient of 0.96, the Washington-Arlington-Alexandria area exhibits a job market for Financial Risk Specialists that is very close to the national average in terms of concentration. This suggests a healthy and competitive environment where opportunities are readily available, but professionals may not face an overwhelming surplus of candidates, indicating a balanced supply and demand dynamic.

Nearby Job Markets

Nearby Cities for Financial Risk Specialists

CitySalaryDist.
Baltimore-Columbia-Towson, MD Financial Risk Specialists Salary$112,830↓ 13%35 mi

Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV

Hiring Financial Risk Specialistss?

Frequently Asked Questions

How much does a Financial Risk Specialists make in Washington-Arlington-Alexandria, DC-VA-MD-WV?

The median annual salary for a Financial Risk Specialists in Washington-Arlington-Alexandria, DC-VA-MD-WV is $129,540. This typically ranges from $74,810 for entry-level positions to $187,140 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Washington-Arlington-Alexandria, DC-VA-MD-WV is 6.9% higher than the national median of $121,220.

Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Financial Risk Specialists?

Yes, it is a lucrative area for Financial Risk Specialists.The average salary of $129,540 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong earning potential.

Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Financial Risk Specialists?

The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?

Some top paying nearby cities include Baltimore-Columbia-Towson, MD ($112,830) and others.

How does the salary compare to the national average?

Financial Risk Specialists in Washington-Arlington-Alexandria earn an average of $129,540, which is $8,320 more than the national average of $121,220.

What is the concentration of Financial Risk Specialists in this area?

The Location Quotient is 0.96, indicating that the concentration of Financial Risk Specialists in Washington-Arlington-Alexandria is very close to the national average.

How does the cost of living affect the salary?

The Cost of Living Index is 100, meaning it is the same as the national average. Therefore, the higher salary in this region translates directly to greater purchasing power.

What is the size of the Financial Risk Specialist workforce locally?

There are approximately 1,100 Financial Risk Specialists employed in the Washington-Arlington-Alexandria, DC-VA-MD-WV 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 1,100 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 0.352 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Washington-Arlington-Alexandria, DC-VA-MD-WV

Semantic Salary Analysis for Financial Risk Specialists • Data source: BLS OEWS 2024 •Jobs in Washington-Arlington-Alexandria, DC-VA-MD-WV