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Financial Risk Specialists Salary in Michigan

Last updated: 2025 BLS data · Page refreshed:

How much do Financial Risk Specialists make in Michigan?

Last updated: 2025 data from the Bureau of Labor Statistics

$103,940
Median Annual Salary
▲ +3.5% vs 2024
$107,860
Mean Salary
$103,940
Median Salary
$49.97
Hourly Rate
1,150 people work as Financial Risk Specialists in Michigan

Financial Risk Specialists salary by percentile in Michigan

BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).

Financial Risk Specialists salary in Michigan — 2025 BLS percentilesHorizontal bars showing 10th, 25th, 50th, 75th and 90th percentile annual salaries for Financial Risk Specialists in Michigan.10thBottom 10% earn less than $60,400$60,40025th25% earn less than $79,720$79,720MedianHalf earn more than $103,940$103,94075th75% earn less than $132,260$132,26090thTop 10% earn more than $165,410$165,410

Financial Risk Specialists in Michigan earn a median salary of $103,940 per year ($8,661/month). This is 0.8% above the national average of $103,075. Michigan ranks #20 out of 50 states for Financial Risk Specialists pay. Approximately 1,150 people work in this occupation across Michigan. Salaries increased by 3.5% compared to 2024.

About This Job: 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.

Source: O*NET OnLine, U.S. Department of Labor

Salary Range: Financial Risk Specialists in Michigan

Salaries for Financial Risk Specialists in Michigan range from $60,400 at the 10th percentile (entry level) to $165,410 at the 90th percentile (experienced). The middle 50% earn between $79,720 and $132,260.

Median $103,940
P10: $60,400 P25: $79,720 P75: $132,260 P90: $165,410
10th
$60,400
25th
$79,720
Median
$103,940
75th
$132,260
90th
$165,410
Percentile Annual Salary Hourly Rate Monthly
10th Percentile (Entry Level) $60,400 $29.04 $5,033
25th Percentile $79,720 $38.33 $6,643
Median (50th) $103,940 $49.97 $8,661
75th Percentile $132,260 $63.59 $11,021
90th Percentile (Experienced) $165,410 $79.52 $13,784

Note: The mean (average) salary of $107,860 differs from the median because salary distributions are typically skewed by high earners.

📊 How Does This Compare?

#20
Michigan ranks #20 of 50 states
$103,075
National avg. for Financial Risk Specialists
+0.8%
vs. national average
Near Average

What does this salary really buy? See Financial Risk Specialists salary in Michigan adjusted for cost of living →

How much do you actually take home? See Financial Risk Specialists take-home pay in Michigan after taxes →

Explore Financial Risk Specialists Data in Michigan

After-Tax Take-Home Pay Hourly Wage Breakdown Cost-of-Living Adjusted Entry-Level vs Senior Salary Employment Outlook & Job Demand

Financial Risk Specialists Salary by State

Compare Financial Risk Specialists pay across states — sorted by highest median salary.

New Hampshire $158,320 Maine $141,020 Delaware $139,440 New York $136,830 North Carolina $132,040 Massachusetts $130,400 New Jersey $129,220 California $129,110 Virginia $126,510 Washington $123,150

View all 50 states →

Related Careers in Michigan

Explore similar occupations and their salaries in Michigan.

Tax PreparersSimilar $46,400 Credit CounselorsSimilar $52,160 Meeting, Convention, and Event PlannersSimilar $52,780 Tax Examiners and Collectors, and Revenue AgentsSimilar $63,440 Property Appraisers and AssessorsSimilar $64,270 Training and Development SpecialistsSimilar $64,350 FundraisersSimilar $66,130 Market Research Analysts and Marketing SpecialistsSimilar $66,780 Human Resources SpecialistsSimilar $69,520 Financial ExaminersSimilar $71,050

View all jobs in Michigan →

Frequently Asked Questions

How much do Financial Risk Specialists make in Michigan?
The median annual salary for Financial Risk Specialists in Michigan is $103,940 as of 2025. The average (mean) salary is $107,860.
What is the salary range for a Financial Risk Specialists in Michigan?
Salaries for Financial Risk Specialists in Michigan range from $60,400 at the 10th percentile to $165,410 at the 90th percentile. The middle 50% earn between $79,720 and $132,260.
What is the starting salary for a Financial Risk Specialists in Michigan?
Entry-level Financial Risk Specialists positions in Michigan typically start around $60,400 (10th percentile). With some experience, salaries rise to $79,720 (25th percentile).
How many people work as Financial Risk Specialists in Michigan?
According to 2025 BLS data, approximately 1,150 people are employed as Financial Risk Specialists in Michigan.
What is the hourly rate for a Financial Risk Specialists in Michigan?
Based on a standard 2,080-hour work year, the median hourly rate for a Financial Risk Specialists in Michigan is approximately $49.97 per hour.

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More About Michigan

Salary Data
All Salaries in Michigan Average Salary in Michigan Highest Paying Jobs in Michigan
Salary Thresholds
Jobs Over $100K in Michigan $100K+ Jobs Without a Degree in Michigan
Top Cities in Michigan
Detroit Grand Rapids Warren Sterling Heights
Top Colleges in Michigan
Adrian College Albion College Hillsdale Beauty College Northwestern Technological Institute

Data Source & Methodology

Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.

Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.

Our Methodology · Data Sources · Source: BLS OEWS

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