Working as 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 $59.93 an hour? That's $124,657 a year!

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 analytical skills, math skills and critical-thinking skills.

When it comes to the most important skills required to be a market risk specialist, we found that a lot of resumes listed 55.2% of market risk specialists included risk management, while 25.2% of resumes included var, and 11.5% of resumes included credit risk. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

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 25.0% of market risk specialists have a bachelor's degree. In terms of higher education levels, we found that 25.0% of market risk specialists have master's degrees. Even though some market risk specialists have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a market risk specialist. When we researched the most common majors for a market risk specialist, we found that they most commonly earn master's degree degrees or bachelor's degree degrees. Other degrees that we often see on market risk specialist resumes include None degrees or None degrees.

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 audit manager.

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Average Salary$124,657
Job Growth Rate%

Market Risk Specialist Jobs

Average Salary for a Market Risk Specialist

Market Risk Specialists in America make an average salary of $124,657 per year or $60 per hour. The top 10 percent makes over $183,000 per year, while the bottom 10 percent under $84,000 per year.
Average Salary
$124,657

Best Paying Cities

City
Average Salary

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Vice President, Market Risk Specialist
Vice President, Market Risk Specialist
Nomura Holding America Inc.
Nomura Holding America Inc.
08/27/2019
08/27/2019
$115,00008/27/2019
$115,000
Specialist, Market (LIQ) Risk
Specialist, Market (LIQ) Risk
The Bank of New York Mellon
The Bank of New York Mellon
02/20/2019
02/20/2019
$101,50002/20/2019
$101,500
Global Markets Liquidity Risk Specialist (Vice President)
Global Markets Liquidity Risk Specialist (Vice President)
Nomura Securities International, Inc.
Nomura Securities International, Inc.
01/07/2019
01/07/2019
$150,00001/07/2019
$150,000
Specialist, Market and Liquidity Risk
Specialist, Market and Liquidity Risk
The Bank of New York Mellon
The Bank of New York Mellon
03/20/2018
03/20/2018
$100,00003/20/2018
$100,000
Associate Director, Market Risk Reporting Specialist
Associate Director, Market Risk Reporting Specialist
UBS Business Solutions Us LLC
UBS Business Solutions Us LLC
03/13/2018
03/13/2018
$90,00003/13/2018
$90,000
See More Recent Salaries

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Market Risk Specialist Demographics

Gender

Male

75.0 %

Female

25.0 %
Ethnicity

White

62.8 %

Asian

16.0 %

Black or African American

12.2 %
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Foreign Languages Spoken
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Market Risk Specialist Education

Schools

Villanova University

28.6 %

University of Texas at Austin

14.3 %

State University of New York Buffalo

14.3 %

American University

14.3 %
Show More
Majors

Project Management

25.0 %

Finance

12.5 %

Business

12.5 %

Criminal Justice

12.5 %
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Degrees

Certificate

50.0 %

Masters

25.0 %

Bachelors

25.0 %
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Entry Level Jobs For Becoming A Market Risk Specialist

Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Market Risk Specialist

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 55.2% of market risk specialists listed risk management on their resume, but soft skills such as analytical skills and math skills are important as well.

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 Maine, Alaska, Wisconsin, and Illinois. Market risk specialists make the most in Maine with an average salary of $148,022. Whereas in Alaska and Wisconsin, they would average $140,285 and $139,679, respectively. While market risk specialists would only make an average of $135,643 in Illinois, 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. Iowa

Total Market Risk Specialist Jobs:
58
Highest 10% Earn:
$222,000
Location Quotient:
2.14
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. Maine

Total Market Risk Specialist Jobs:
7
Highest 10% Earn:
$238,000
Location Quotient:
0.83
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:
19
Highest 10% Earn:
$216,000
Location Quotient:
2.52
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
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Top Market Risk Specialist Employers

1. Nomura
4.7
Avg. Salary: 
$103,746
Market Risk Specialists Hired: 
23+
2. Broken Hill Proprietary
4.1
Avg. Salary: 
$91,806
Market Risk Specialists Hired: 
3+
3. The Bank of New York Mellon
4.9
Avg. Salary: 
$82,840
Market Risk Specialists Hired: 
2+
4. Bank of America
4.8
Avg. Salary: 
$56,114
Market Risk Specialists Hired: 
2+
5. Voya Financial
4.5
Avg. Salary: 
$69,549
Market Risk Specialists Hired: 
2+
6. RBS Securities
4.5
Avg. Salary: 
$124,018
Market Risk Specialists Hired: 
2+

Recently Added Market Risk Specialist Jobs

Updated October 2, 2020