Financial Risk Specialist salary in Minnesota
Financial Risk Specialists in Minnesota earn a median of $105,420 a year ($50.68 an hour), based on BLS data for 1,190 workers.
Pay ranges from $72,930 for the lowest-paid 10% to $161,880 for the top 10%. That is 10% lower than the national median of $117,330. Minnesota ranks 17th of 50 states for financial risk specialists pay. There are 0.40 financial risk specialists per 1,000 jobs here — close to the national average. The average (mean) salary is $113,470, above the median because a few high earners pull it up.
Pay range for financial risk specialists in Minnesota
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $72,930 | $35.06 |
| 25th percentile | $86,310 | $41.50 |
| Median | $105,420 | $50.68 |
| 75th percentile | $131,410 | $63.18 |
| 90th percentile (top earners) | $161,880 | $77.83 |
| Average (mean) | $113,470 | $54.55 |
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 | $8,785 |
| Semi-monthly (24 a year) | $4,392.50 |
| Biweekly (26 a year) | $4,054.62 |
| Weekly | $2,027.31 |
| Hourly | $50.68 |
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 Minnesota
| Metro area | Median salary | Workers |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $105,420 | 940 |
| Sioux Falls, SD-MN | $80,360 | 80 |
| Fargo, ND-MN | $76,940 | 60 |
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 Minnesota
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $81,600 | $39.23 |
| Financial and Investment Analysts | $102,990 | $49.52 |
| Loan Officer | $95,170 | $45.76 |
| Personal Financial Advisor | $102,660 | $49.36 |
| Insurance Underwriter | $80,700 | $38.80 |
| Property Appraisers and Assessors | $83,400 | $40.10 |
| Financial Examiner | $104,260 | $50.12 |
| Tax Examiners and Collectors, and Revenue Agents | $79,000 | $37.98 |
| Credit Analyst | $82,630 | $39.73 |
| Tax Preparer | $59,200 | $28.46 |
| Financial Specialists, All Other | $83,280 | $40.04 |
| Credit Counselor | $62,160 | $29.89 |
| Budget Analyst | $85,970 | $41.33 |
| Market Research Analysts and Marketing Specialists | $87,510 | $42.07 |
More: Business and Financial Operations Occupations · all salaries in Minnesota
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 Minnesota?
The median salary for financial risk specialists in Minnesota is $105,420 a year, or $50.68 an hour. Pay ranges from $72,930 for the lowest-paid 10% to $161,880 for the top 10%.
How much do the highest-paid financial risk specialists make in Minnesota?
The top 10% of financial risk specialists in Minnesota earn at least $161,880 a year. The top 25% earn $131,410 or more.
What is the starting pay for financial risk specialists in Minnesota?
Entry-level pay (the 10th percentile) is about $72,930 a year, and a quarter of financial risk specialists earn $86,310 or less.
How many financial risk specialists work in Minnesota?
About 1,190 financial risk specialists are employed in Minnesota, not counting the self-employed.