Michigan Median
$103,940
per year
Hourly Rate
$49.97
based on 2,080 hrs/yr
vs National
-11% vs US median
US median $117,330
State Rank
#20 of 50
1,150 employed here
How much does a Financial Risk Specialist make in Michigan?
A Financial Risk Specialist working in Michigan earns a median salary of $103,940 per year, or about $49.97 per hour. That is 11% below the national median of $117,330 for this occupation.
Within Michigan, entry-level pay starts around $60,400 while the top 10% make $165,410 or more. The middle 50% of earners fall between $79,720 and $132,260 a year.
Financial Risk Specialist salary range in Michigan
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $60,400 | $29.04 |
|
| 25th percentile (early career) | $79,720 | $38.33 |
|
| 50th percentile (median) | $103,940 | $49.97 |
|
| 75th percentile (experienced) | $132,260 | $63.59 |
|
| 90th percentile (top earners) | $165,410 | $79.52 |
|
How Michigan compares
Michigan ranks 20th out of 50 states and territories for Financial Risk Specialist pay. The top 5 best-paying states:
Financial Risk Specialist salary in other states
New Hampshire $158,320Maine $141,020Delaware $139,440New York $136,830North Carolina $132,040Massachusetts $130,400New Jersey $129,220California $129,110Virginia $126,510Washington $123,150Colorado $120,300Wyoming $119,550Maryland $117,130Connecticut $113,990Oregon $109,580Iowa $105,680Minnesota $105,420Rhode Island $104,470Illinois $104,300Texas $103,760Pennsylvania $103,040Arizona $102,800Montana $100,920Missouri $100,620Georgia $100,570Nevada $100,010Florida $99,900South Carolina $99,520Indiana $99,250District of Columbia $99,230Ohio $98,650Wisconsin $97,820Mississippi $96,100West Virginia $94,350Nebraska $94,280Tennessee $90,950Hawaii $89,860New Mexico $87,260Alaska $85,370Oklahoma $85,140Kansas $84,790Alabama $81,750South Dakota $78,960Utah $77,770Idaho $76,870Kentucky $74,640North Dakota $74,630Arkansas $66,110Louisiana $58,440
Working as a Financial Risk Specialist in Michigan
Nationally, about 64,000 people work as Financial Risk Specialists in the United States. A bachelor's degree (about 4 years of college) is the standard entry requirement.
Considering a move? Compare Michigan pay ($103,940) against the highest-paying state above, and weigh the difference against housing and everyday costs — a smaller paycheck in a cheaper state can stretch further.
Frequently asked questions
How much does a Financial Risk Specialist make in Michigan?
The median Financial Risk Specialist salary in Michigan is $103,940 per year, or about $49.97 per hour, per official BLS state wage estimates. Salaries typically range from $60,400 at the entry level to $165,410 for the top 10% of earners.
How does Michigan pay compare to the national average?
Michigan pays Financial Risk Specialists about 11% less than the national median of $117,330. Michigan ranks 20th out of 50 states and territories reporting this occupation.
Is Michigan a good state for Financial Risk Specialists?
Pay runs below the national median here, at $103,940 a year. About 1,150 Financial Risk Specialists are employed in Michigan. A lower cost of living can offset the smaller paycheck, so compare take-home value, not just salary.
What are the highest-paying jobs in Michigan?
The highest-paying occupations in Michigan include Radiologist ($485,920), Airline Pilots, Copilots, and Flight Engineers ($428,570), Cardiologist ($419,030), based on median annual pay in official BLS state estimates.
← See the national Financial Risk Specialist salary report
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Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), Unknown vintage. Education requirements: O*NET (U.S. Department of Labor). State figures are official BLS state-level wage estimates. Where BLS suppresses a state percentile, it is scaled from the official national distribution. Individual pay varies by employer, metro area, and experience.