Financial risk specialists

SOC Code: 13-2054
Also known as:
Analyst, Bank and Savings Securities Trader, Bond Analyst, Business Risk Manager, Compliance Risk Manager
Median Annual Salary
$106,000
+6.5% growth (2024-2034)
5K
Openings/Year
61K
Current Jobs

What Financial risk specialists Do

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

$106,000
Median annual wage (2024)

📈 Job Growth

+6.5%
Faster than average

🎓 Education

Bachelor's degree
Typical entry-level requirement

🚀 Annual Openings

5K
Projected average per year

Employment Projections (2024-2034)

Current Employment (2024)

60,500

Projected Employment (2034)

64,400

Related Careers

Financial managers

$161,700 • +14.8% growth

Management analysts

$101,190 • +8.8% growth

Financial and investment analysts

$101,350 • +5.7% growth

Personal financial advisors

$102,140 • +9.6% growth

Financial specialists, all other

$80,190 • +3.1% growth

Technology & Tools

Amazon Web Services AWS software Apache Hive Atlassian JIRA C++ Google Docs IBM SPSS Statistics Intuit QuickBooks Linux Marketo Marketing Automation Microsoft Access

📚 Entry-Level Education

Bachelor's degree
Most common requirement

Degree Programs for Financial risk specialists

These degree programs can prepare you for a career as a financial risk specialists:

Accounting

58,956 degrees awarded • 1,356 colleges offer this program

Finance, General

49,828 degrees awarded • 745 colleges offer this program

Financial Mathematics

5,335 degrees awarded • 118 colleges offer this program

Business/Managerial Economics

4,583 degrees awarded • 193 colleges offer this program

Accounting and Finance

3,502 degrees awarded • 131 colleges offer this program

Actuarial Science

1,363 degrees awarded • 123 colleges offer this program

Accounting and Business/Management

1,270 degrees awarded • 105 colleges offer this program

Investments and Securities

414 degrees awarded • 23 colleges offer this program

Risk Management

180 degrees awarded • 13 colleges offer this program

International Finance

124 degrees awarded • 3 colleges offer this program

Best Colleges for Becoming a Financial risk specialists

Ranked by Repit grade, then by degrees in related programs. These are the top-rated colleges that prepare students to become financial risk specialists.

# College Location Related Degrees Repit Grade
1 University of Georgia Athens, GA 1,039 A
2 The University of Texas at Austin Austin, TX 842 A
3 University of California-Irvine Irvine, CA 620 A
4 Washington University in St Louis Saint Louis, MO 573 A
5 University of Florida Gainesville, FL 516 A
6 University of Notre Dame Notre Dame, IN 472 A
7 Northwestern University Evanston, IL 413 A
8 CUNY Bernard M Baruch College New York, NY 1,685 B+
9 Ohio State University-Main Campus Columbus, OH 1,487 B+
10 Pennsylvania State University-Main Campus University Park, PA 958 B+
11 Texas A & M University-College Station College Station, TX 916 B+
12 Florida State University Tallahassee, FL 876 B+
13 Florida International University Miami, FL 856 B+
14 University of Illinois Urbana-Champaign Champaign, IL 810 B+
15 University of South Florida Tampa, FL 754 B+
16 University of Wisconsin-Madison Madison, WI 713 B+
17 University of Central Florida Orlando, FL 697 B+
18 Boston College Chestnut Hill, MA 675 B+
19 University of Massachusetts-Amherst Amherst, MA 638 B+
20 Clemson University Clemson, SC 630 B+

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Frequently Asked Questions

How much do financial risk specialists make?
The median annual salary for financial risk specialists is $106,000.
What education do financial risk specialists need?
Most financial risk specialists positions require a bachelor's degree. Common degree programs include Accounting, Finance, General, Financial Mathematics.
Is becoming financial risk specialists a good career choice?
Financial risk specialists is projected to see +6.5% job growth from 2024 to 2034, which is faster than average for all occupations. With approximately 4,800 job openings expected annually, there are good opportunities for those entering the field.
What are the best colleges for financial risk specialists?
Top colleges for aspiring financial risk specialists include University of Georgia, The University of Texas at Austin, University of California-Irvine, Washington University in St Louis, University of Florida. These schools are ranked based on their Repit grade and the number of graduates in related programs.
What other job titles are similar to financial risk specialists?
Financial risk specialists may also be known as: Analyst, Bank and Savings Securities Trader, Bond Analyst, Business Risk Manager, Compliance Risk Manager, Corporate Securities Research Analyst, Credit Risk Analyst, Energy Risk Management Analyst, Enterprise Risk Manager, Equity Research Analyst, Estate Executor, Financial Risk Analyst, Loss Control Consultant, Loss Control Inspector, Market Risk Analyst, Market Risk Specialist, Operational Risk Analyst, Operational Risk Consultant, Operational Risk Manager, Operational Risk Officer. These titles often refer to similar roles with varying responsibilities or specializations.