Financial Risk Specialists
Analyze and measure exposure to credit and market risk threatening the assets, earning capacity, or economic state of an organization. May make recommendations to limit risk.Salary by State
| State Name | Employment | Annual Salary | Hourly Salary | |
|---|---|---|---|---|
| Alabama | 190 | $95,610 | $45.97 | |
| Arizona | 1,600 | $96,920 | $46.60 | |
| Arkansas | 120 | $74,610 | $35.87 | |
| California | 3,900 | $118,900 | $57.17 | |
| Colorado | 1,010 | $104,710 | $50.34 | |
| Connecticut | 470 | $119,320 | $57.36 | |
| Delaware | 1,010 | $120,540 | $57.95 | |
| District of Columbia | 300 | $117,980 | $56.72 | |
| Florida | 3,660 | $93,860 | $45.13 | |
| Georgia | 930 | $111,340 | $53.53 | |
| Hawaii | 100 | $80,920 | $38.90 | |
| Idaho | 120 | $83,860 | $40.32 | |
| Illinois | 2,070 | $103,000 | $49.52 | |
| Indiana | 680 | $82,320 | $39.58 | |
| Iowa | 1,160 | $93,180 | $44.80 | |
| Kansas | 150 | $91,770 | $44.12 | |
| Kentucky | 440 | $80,650 | $38.77 | |
| Louisiana | 90 | $73,010 | $35.10 | |
| Maine | 170 | $74,710 | $35.92 | |
| Maryland | 1,070 | $90,580 | $43.55 | |
| Massachusetts | 1,980 | $122,600 | $58.94 | |
| Michigan | 1,040 | $91,410 | $43.95 | |
| Minnesota | 1,690 | $105,850 | $50.89 | |
| Mississippi | 80 | $76,440 | $36.75 | |
| Missouri | 1,070 | $88,770 | $42.68 | |
| Nebraska | 270 | $76,950 | $37.00 | |
| Nevada | 170 | $77,700 | $37.36 | |
| New Hampshire | 170 | $69,590 | $33.46 | |
| New Jersey | 2,020 | $124,170 | $59.70 | |
| New Mexico | 120 | $74,740 | $35.93 | |
| New York | 10,130 | $145,260 | $69.84 | |
| North Carolina | 3,550 | $120,650 | $58.00 | |
| North Dakota | 40 | $70,870 | $34.07 | |
| Ohio | 1,730 | $98,060 | $47.14 | |
| Oklahoma | 280 | $74,810 | $35.97 | |
| Oregon | 620 | $104,630 | $50.31 | |
| Pennsylvania | 940 | $88,390 | $42.50 | |
| Rhode Island | 200 | $118,750 | $57.09 | |
| South Carolina | 290 | $93,980 | $45.18 | |
| South Dakota | 150 | $95,490 | $45.91 | |
| Tennessee | 1,540 | $72,010 | $34.62 | |
| Texas | 4,200 | $95,610 | $45.97 | |
| Utah | 310 | $88,630 | $42.61 | |
| Virginia | 1,530 | $114,250 | $54.93 | |
| Washington | 510 | $95,080 | $45.71 | |
| Wisconsin | 350 | $102,510 | $49.29 |
Education
The programs listed below are typically the education paths that can land you this kind of job.
A program that focuses on the application of mathematics and statistics to the finance industry, including the development, critique, and use of various financial models. Includes instruction in probability theory, statistical analysis, numerical methods, computation and simulation methods, stochastic processes, economics, and financial markets and applications.
A program that focuses on the principles of business risk measurement, mitigation, and management. Includes instruction in business analytics, foundations of insurance and risk management, investments, life and health insurance, loss prevention, property and liability insurance risk assessment, risk control, risk financing, and security.
A program that prepares individuals to practice the profession of accounting and to perform related business functions. Includes instruction in accounting principles and theory, financial accounting, managerial accounting, cost accounting, budget control, tax accounting, legal aspects of accounting, auditing, reporting procedures, statement analysis, planning and consulting, business information systems, accounting research methods, professional standards and ethics, and applications to specific for-profit, public, and non-profit organizations.
An integrated or combined program in accounting and finance that prepares individuals to function as accountants and financial managers or analysts.
An integrated or combined program in accounting and business administration/management that prepares individuals to function as accountants and business managers.
A program that focuses on the application of economics principles to the analysis of the organization and operation of business enterprises. Includes instruction in monetary theory, banking and financial systems, theory of competition, pricing theory, wage and salary/incentive theory, analysis of markets, and applications of econometrics and quantitative methods to the study of particular businesses and business problems.
A program that generally prepares individuals to plan, manage, and analyze the financial and monetary aspects and performance of business enterprises, banking institutions, or other organizations. Includes instruction in principles of accounting, financial instruments, capital planning, funds acquisition, asset and debt management, budgeting, financial analysis, and investments and portfolio management.
A program that prepares individuals to manage international financial operations and related currency transactions. Includes instruction in international banking, international monetary and financial policy, money and capital markets, foreign exchange, risk analysis, and international cash flow operations.
A program that prepares individuals to manage assets placed in capital markets, and related technical operations. Includes instruction in security analysis, debt and equity analysis, investment strategies, securities markets, computer-assisted research, portfolio management, portfolio performance analysis, and applications to specific investment problems and business situations.
A program that prepares individuals to manage the financial assets and budgets of public sector organizations. Includes instruction in public trusts and investments; the laws and procedures used to plan, prepare and administer public agency budgets; and the preparation and analysis of public budget projections and policies.
A program that focuses on the strategies used to define and manage acceptable financial risk for companies. Includes instruction in banking and bank regulations, derivative securities, interest rate and credit markets, financial engineering of systematic risk, and equity, bond, futures, and options markets.
A program that focuses on the mathematical and statistical analysis of risk, and their applications to insurance and other business management problems. Includes instruction in forecasting theory, quantitative and non-quantitative risk measurement methodologies, development of risk tables, secondary data analysis, and computer-assisted research methods.
-
$110,610 per yearNational average salaryModerateJob growth rate
-
Bachelor's degreeTypical education requirement
Educational Attainment
The following chart shows the highest education level completed by those working as financial risk specialists.
- Less than high school 1%
- High school graduate 9%
- College dropout 15%
- Associate’s degree 6%
- Bachelor’s degree 42%
- Master’s degree 23%
- Doctorate degree 4%
Similar Careers
-
Financial and Investment Analysts$103,020 per year Average salaryModerateJob growth rate
-
Personal Financial Advisors$119,960 per year Average salaryVery HighJob growth rate
-
Securities, Commodities, and Financial Services Sales Agents$93,260 per year Average salaryVery HighJob growth rate