What is a Market Risk Specialist

There is more than meets the eye when it comes to being a Market Risk Specialist. For example, did you know that they make an average of $44.89 an hour? That's $93,369 a year!

Between 2018 and 2028, the career is expected to grow 20% and produce 139,200 job opportunities across the U.S.

What Does a Market Risk Specialist Do

There are certain skills that many Market Risk Specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Computer skills, Math skills and Analytical skills.

Learn more about what a Market Risk Specialist does

How To Become a Market Risk Specialist

If you're interested in becoming a Market Risk Specialist, one of the first things to consider is how much education you need. We've determined that 40.0% of Market Risk Specialists have a bachelor's degree. In terms of higher education levels, we found that 60.0% of Market Risk Specialists have master's degrees. Even though most Market Risk Specialists have a college degree, it's impossible to become one with only a high school degree or GED.

You may find that experience in other jobs will help you become a Market Risk Specialist. In fact, many Market Risk Specialist jobs require experience in a role such as Director. Meanwhile, many Market Risk Specialists also have previous career experience in roles such as Project Coordinator or Credit Risk Management Director.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

And if you’re looking for a job, here are the five top employers hiring now:

  1. Ernst & Young Jobs (3)
  2. BP America Jobs (1)
  3. JPMorgan Chase & Co. Jobs (4)
  4. Nomura Jobs (26)
  5. UBS Jobs (2)
Average Salary
$93,369
Average Salary
Job Growth Rate
20%
Job Growth Rate
Job Openings
21,580
Job Openings
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Average Salary for a Market Risk Specialist

Market Risk Specialists in America make an average salary of $93,369 per year or $45 per hour. The top 10 percent makes over $174,000 per year, while the bottom 10 percent under $49,000 per year.
Average Salary
$93,369
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Market Risk Specialist Demographics

Market Risk Specialist Gender Statistics

male

80.0 %

female

20.0 %

Market Risk Specialist Ethnicity Statistics

White

70.3 %

Hispanic or Latino

10.7 %

Black or African American

8.8 %
Job Openings

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Market Risk Specialist Education

Market Risk Specialist Majors

33.3 %

Market Risk Specialist Degrees

Masters

60.0 %

Bachelors

40.0 %

Top Colleges for Market Risk Specialists

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of North Carolina at Chapel Hill

Chapel Hill, NC • Private

In-State Tuition
$8,987
Enrollment
18,946

4. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

5. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

6. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

7. University of Illinois at Urbana-Champaign

Champaign, IL • Private

In-State Tuition
$15,094
Enrollment
32,974

8. Syracuse University

Syracuse, NY • Private

In-State Tuition
$51,853
Enrollment
14,759

9. SUNY at Buffalo

Buffalo, NY • Private

In-State Tuition
$10,099
Enrollment
21,404

10. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018
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Online Courses For Market Risk Specialist That You May Like

Market Risk Management: Frameworks & Strategies
coursera

This course provides the foundation for understanding the frameworks used to develop market risk management strategies. You will identify the market risks associated with each type of financial instrument. You will be introduced to techniques for estimating the risk associated with each class of investments. By the end of the course, you will be able to select the most effective derivatives for managing risk of a single asset and a portfolio of assets, develop asset selection strategies for mana...

Informed Risk Taking: Risk Management Process - Analysis
udemy
4.3
(556)

Risk Management Strategies: Risk Analysis Techniques: Risk Management Principles: Risk Management Process: Methods...

Internal Auditing Part I
udemy
4
(503)

Learn how to conduct an audit from start to end. This course can be used as a guide to audit almost any process...

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Best States For a Market Risk Specialist

Some places are better than others when it comes to starting a career as a Market Risk Specialist. The best states for people in this position are Rhode Island, Virginia, New York, and Georgia. Market Risk Specialists make the most in Rhode Island with an average salary of $119,964. Whereas in Virginia and New York, they would average $114,105 and $109,544, respectively. While Market Risk Specialists would only make an average of $108,972 in Georgia, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Virginia

Total Market Risk Specialist Jobs:
256
Highest 10% Earn:
$182,000
Location Quotient:
1.14
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Texas

Total Market Risk Specialist Jobs:
535
Highest 10% Earn:
$179,000
Location Quotient:
1.11
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Rhode Island

Total Market Risk Specialist Jobs:
20
Highest 10% Earn:
$189,000
Location Quotient:
0.69
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Market Risk Specialists

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