Average Financial Specialists, All Other Salary in Baltimore-Columbia-Towson, MD
Financial Specialists, All Other in the Baltimore-Columbia-Towson, MD area earn an impressive average annual salary of $98,510. This figure notably surpasses the national average of $94,320, indicating a strong local demand and potentially higher compensation expectations within this metropolitan region. The concentration of these roles and the specific economic drivers of the area likely contribute to this elevated pay.
Executive Summary
- Average Salary: $98,510 per year.
- Growth Trend: Salaries have shifted 18.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $155,750.
- Outlook: With a local workforce of 1,630 Financial Specialists, All Other, and a concentration quotient of 1.47, the Baltimore-Columbia-Towson area demonstrates a robust job market for this profession. The location quotient significantly above the national average suggests a higher prevalence of these roles compared to other regions, pointing towards sustained demand and a healthy employment landscape for professionals in this field.
Salary Overview
The average Financial Specialists, All Other in Baltimore-Columbia-Towson, MD earns+4.4%above the national average.
$47.4
$1,894
$8,209
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Specialists, All Other in the Baltimore-Columbia-Towson area have experienced growth over the past four years, mirroring general economic trends and inflation. This upward trajectory in compensation is typical for specialized roles in thriving metropolitan areas, reflecting increasing demand and the evolving nature of financial services.
Financial Specialists, All Other Salary Distribution in Baltimore-Columbia-Towson, MD
Salary progression for Financial Specialists, All Other typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and the increasing value placed on expertise within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,620 | $23.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,883 | $35.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $85,510 | $41.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,138 | $59.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $155,750 | $74.9 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$98,510
Gross Pay
Real Wage (Purchasing Power)
$98,510
Adjusted for COL (100)
The average annual salary of $98,510 in Baltimore-Columbia-Towson, MD aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary earned by Financial Specialists, All Other in this region holds its purchasing power directly in line with the national average, offering a stable financial environment without significant cost-of-living adjustments needed for comparison.
Job Market Context
1,630
Total Jobs
1.219
Per 1K Jobs
1.47
Location Quotient
With a location quotient of 1.47, Baltimore-Columbia-Towson, MD has a slightly higher-than-average concentration of Financial Specialists, All Other roles compared to the national norm.
A Location Quotient of 1.47 for Financial Specialists, All Other in Baltimore-Columbia-Towson, MD indicates a market that is 47% more concentrated than the national average. This suggests a competitive yet abundant job market where these roles are more prevalent than in many other parts of the country, offering professionals ample opportunities while also implying a need to stand out among a larger pool of qualified candidates.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Financial Specialists, All Other Salary | $69,740↓ 29% | 19 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Financial Specialists, All Other Salary | $117,560↑ 19% | 35 mi |
| York-Hanover, PA Financial Specialists, All Other Salary | $105,760↑ 7% | 47 mi |
| Lancaster, PA Financial Specialists, All Other Salary | $69,170↓ 30% | 55 mi |
Comparing salaries near Baltimore-Columbia-Towson, MD
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in Baltimore-Columbia-Towson, MD?
The median annual salary for a Financial Specialists, All Other in Baltimore-Columbia-Towson, MD is $98,510. This typically ranges from $49,620 for entry-level positions to $155,750 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baltimore-Columbia-Towson, MD is 4.4% higher than the national median of $94,320.
Is Baltimore-Columbia-Towson, MD a lucrative place for Financial Specialists, All Others?
Yes, it is a lucrative area.The average salary of $98,510 significantly exceeds the national average, and the cost of living is right at the national benchmark, making it financially advantageous.
Is Baltimore-Columbia-Towson, MD a good place to live for Financial Specialists, All Others?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baltimore-Columbia-Towson, MD?
Some top paying nearby cities include Maryland nonmetropolitan area ($69,740) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the Baltimore-Columbia-Towson salary compare to the national average?
The average annual salary for Financial Specialists, All Other in Baltimore-Columbia-Towson, MD is $98,510, which is higher than the national average of $94,320.
What is the concentration of Financial Specialists, All Other in this area?
The concentration, measured by the Location Quotient, is 1.47, meaning the area has 47% more Financial Specialists, All Other than the national average.
Does the cost of living affect the salary in Baltimore-Columbia-Towson?
No, the Cost of Living Index is 100, which is the national average. Therefore, the $98,510 salary has the same purchasing power as the national average salary.
How many Financial Specialists, All Other work in Baltimore-Columbia-Towson?
There are approximately 1,630 Financial Specialists, All Other employed within the Baltimore-Columbia-Towson 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 1,630 employees in the Baltimore-Columbia-Towson, MD area with a job density of 1.219 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 Specialists, All Other • Data source: BLS OEWS 2024 •Jobs in Baltimore-Columbia-Towson, MD