Financial Risk Specialist salary in Michigan
Financial Risk Specialists in Michigan earn a median of $103,940 a year ($49.97 an hour), based on BLS data for 1,150 workers.
Pay ranges from $60,400 for the lowest-paid 10% to $165,410 for the top 10%. That is 11% lower than the national median of $117,330. Michigan ranks 20th of 50 states for financial risk specialists pay. There are 0.26 financial risk specialists per 1,000 jobs here — the job is less common than nationally (location quotient 0.63). The average (mean) salary is $107,860, above the median because a few high earners pull it up.
Pay range for financial risk specialists in Michigan
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $60,400 | $29.04 |
| 25th percentile | $79,720 | $38.33 |
| Median | $103,940 | $49.97 |
| 75th percentile | $132,260 | $63.59 |
| 90th percentile (top earners) | $165,410 | $79.52 |
| Average (mean) | $107,860 | $51.85 |
Half of financial risk specialists earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $8,661.67 |
| Semi-monthly (24 a year) | $4,330.83 |
| Biweekly (26 a year) | $3,997.69 |
| Weekly | $1,998.85 |
| Hourly | $49.97 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Financial Risk Specialist salary in cities in Michigan
| Metro area | Median salary | Workers |
|---|---|---|
| Ann Arbor, MI | $125,020 | 60 |
| Detroit-Warren-Dearborn, MI | $105,110 | 690 |
| Grand Rapids-Wyoming-Kentwood, MI | $101,090 | 110 |
| Lansing-East Lansing, MI | $96,980 | 50 |
Highest-paying states for financial risk specialists
| State | 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 |
Related jobs in Michigan
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $78,820 | $37.89 |
| Loan Officer | $74,470 | $35.80 |
| Financial and Investment Analysts | $95,420 | $45.88 |
| Personal Financial Advisor | $77,930 | $37.47 |
| Financial Specialists, All Other | $75,040 | $36.08 |
| Insurance Underwriter | $77,380 | $37.20 |
| Property Appraisers and Assessors | $64,270 | $30.90 |
| Tax Preparer | $46,400 | $22.31 |
| Credit Analyst | $74,640 | $35.89 |
| Credit Counselor | $52,160 | $25.08 |
| Tax Examiners and Collectors, and Revenue Agents | $63,440 | $30.50 |
| Budget Analyst | $96,430 | $46.36 |
| Financial Examiner | $71,050 | $34.16 |
| Human Resources Specialist | $69,520 | $33.42 |
More: Business and Financial Operations Occupations · all salaries in Michigan
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2054. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a financial risk specialist make in Michigan?
The median salary for financial risk specialists in Michigan is $103,940 a year, or $49.97 an hour. Pay ranges from $60,400 for the lowest-paid 10% to $165,410 for the top 10%.
How much do the highest-paid financial risk specialists make in Michigan?
The top 10% of financial risk specialists in Michigan earn at least $165,410 a year. The top 25% earn $132,260 or more.
What is the starting pay for financial risk specialists in Michigan?
Entry-level pay (the 10th percentile) is about $60,400 a year, and a quarter of financial risk specialists earn $79,720 or less.
How many financial risk specialists work in Michigan?
About 1,150 financial risk specialists are employed in Michigan, not counting the self-employed.