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Market risk specialist salary
Average market risk specialist salary
$87,735
Understanding the Market Risk Specialist Salary
As of October 2025, the average market risk specialist salary stands at $87,735 annually, translating to approximately $42 per hour. This salary can vary based on factors such as location, experience, and sector. In states like New York and California, market risk specialists tend to earn higher wages due to the cost of living and demand for financial expertise.
Highest Paying Cities
Some of the top-paying cities for this role include:
- New York City, NY
- San Francisco, CA
- Chicago, IL
These cities often provide a vibrant job market, with numerous opportunities in banks and investment firms. Additionally, the demand for market risk specialists is projected to grow, making it a strategic career choice for individuals interested in financial risk management.
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Where can a Market Risk Specialist earn more?
Average market risk specialist salary by state
The average market risk specialist salary in Rhode Island, Virginia, and Massachusetts are the highest in the U.S. The lowest average market risk specialist salary states are Tennessee, Wyoming, and Idaho.
- State view
- County view
Highest paying states for market risk specialists
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Virginia | $104,453 | $50.22 |
| 2 | Massachusetts | $102,879 | $49.46 |
| 3 | District of Columbia | $107,049 | $51.47 |
| 4 | Texas | $97,281 | $46.77 |
| 5 | Rhode Island | $112,537 | $54.10 |
| 6 | New Jersey | $102,318 | $49.19 |
| 7 | Vermont | $100,771 | $48.45 |
| 8 | Connecticut | $98,392 | $47.30 |
| 9 | Delaware | $95,673 | $46.00 |
| 10 | New York | $96,545 | $46.42 |
| 11 | California | $97,537 | $46.89 |
| 12 | Maine | $89,860 | $43.20 |
| 13 | Michigan | $89,744 | $43.15 |
| 14 | Pennsylvania | $88,759 | $42.67 |
| 15 | Maryland | $96,974 | $46.62 |
| 16 | New Hampshire | $99,189 | $47.69 |
| 17 | Ohio | $87,228 | $41.94 |
| 18 | Georgia | $86,714 | $41.69 |
| 19 | Nevada | $92,393 | $44.42 |
| 20 | Arizona | $84,403 | $40.58 |
| 21 | North Carolina | $85,122 | $40.92 |
| 22 | West Virginia | $87,970 | $42.29 |
| 23 | Arkansas | $82,183 | $39.51 |
| 24 | North Dakota | $84,353 | $40.55 |
| 25 | Kentucky | $83,007 | $39.91 |
| 26 | Illinois | $81,916 | $39.38 |
| 27 | Wisconsin | $83,339 | $40.07 |
| 28 | Indiana | $78,147 | $37.57 |
| 29 | Louisiana | $80,710 | $38.80 |
| 30 | Colorado | $78,357 | $37.67 |
| 31 | Washington | $78,249 | $37.62 |
| 32 | Missouri | $78,680 | $37.83 |
| 33 | Kansas | $78,145 | $37.57 |
| 34 | South Carolina | $78,748 | $37.86 |
| 35 | Alaska | $81,974 | $39.41 |
| 36 | Florida | $75,527 | $36.31 |
| 37 | New Mexico | $79,416 | $38.18 |
| 38 | Oregon | $74,392 | $35.77 |
| 39 | Oklahoma | $77,164 | $37.10 |
| 40 | Iowa | $75,166 | $36.14 |
| 41 | Montana | $75,259 | $36.18 |
| 42 | Nebraska | $74,076 | $35.61 |
| 43 | Minnesota | $72,455 | $34.83 |
| 44 | Tennessee | $71,345 | $34.30 |
| 45 | South Dakota | $74,501 | $35.82 |
| 46 | Alabama | $72,186 | $34.70 |
| 47 | Utah | $69,546 | $33.44 |
| 48 | Mississippi | $69,244 | $33.29 |
| 49 | Hawaii | $69,593 | $33.46 |
| 50 | Wyoming | $69,893 | $33.60 |
| 51 | Idaho | $69,814 | $33.56 |
Highest paying cities for market risk specialists
The highest-paying cities for market risk specialists are Jersey City, NJ, Stamford, CT, and Houston, TX.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Jersey City, NJ | $102,596 | $49.33 |
| 2 | Stamford, CT | $98,051 | $47.14 |
| 3 | Houston, TX | $97,820 | $47.03 |
| 4 | New York, NY | $96,624 | $46.45 |
| 5 | Pittsburgh, PA | $86,002 | $41.35 |
| 6 | Charlotte, NC | $83,593 | $40.19 |
| 7 | Chicago, IL | $82,372 | $39.60 |
| 8 | Kansas City, MO | $78,425 | $37.70 |
| 9 | Denver, CO | $78,350 | $37.67 |
| 10 | Oklahoma City, OK | $77,402 | $37.21 |
| 11 | Omaha, NE | $74,057 | $35.60 |
Market risk specialist salary details
A market risk specialist's salary ranges from $56,000 a year at the 10th percentile to $135,000 at the 90th percentile.
What is a market risk specialist's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $135,000 | $11,250 | $65 |
| 75th Percentile | $110,000 | $9,167 | $53 |
| Average | $87,735 | $7,311 | $42 |
| 25th Percentile | $69,000 | $5,750 | $33 |
| 10th Percentile | $56,000 | $4,667 | $27 |
Highest paying market risk specialist jobs
The highest paying types of market risk specialists are global risk management director, risk management director, and risk management specialist.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Risk Management Director | $133,286 | $11,107 | $64.08 | 80,337 |
| Global Risk Management Director | $145,350 | $12,113 | $69.88 | 89,985 |
Top companies hiring market risk specialists now:
Which companies pay market risk specialists the most?
Market risk specialist salaries at Federal Reserve and Federal Reserve Bank of Richmond are the highest-paying according to our most recent salary estimates. In addition, the average market risk specialist salary at companies like Federal Reserve Bank and BNY Mellon are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Federal Reserve | $129,556 | $62.29 |
| 2 | Federal Reserve Bank of Richmond | $119,489 | $57.45 |
| 3 | Federal Reserve Bank | $113,463 | $54.55 |
| 4 | BNY Mellon | $110,596 | $53.17 |
| 5 | Citi | $108,771 | $52.29 |
| 6 | JPMorgan Chase & Co. | $103,145 | $49.59 |
| 7 | MUFG EMEA | $102,024 | $49.05 |
| 8 | Nomura Securities | $94,898 | $45.62 |
| 9 | RBS Securities | $91,576 | $44.03 |
| 10 | SG Americas Securities Holdings, LLC | $91,200 | $43.85 |
| 11 | Broken Hill Proprietary | $91,131 | $43.81 |
| 12 | Allianz of America, Inc. | $91,127 | $43.81 |
| 13 | Hartree Partners | $91,041 | $43.77 |
| 14 | Wells Fargo | $88,913 | $42.75 |
| 15 | S&G | $87,686 | $42.16 |
| 16 | Northern Trust | $85,780 | $41.24 |
| 17 | Ashton Construction | $85,277 | $41.00 |
| 18 | Fifth Third Bank | $83,402 | $40.10 |
| 19 | The PNC Financial Services Group | $83,272 | $40.03 |
| 20 | JetBlue Airways | $71,914 | $34.57 |
Wage gap by gender, race and education
Market risk specialist salary trends
The average market risk specialist salary has risen by $16,175 over the last ten years. In 2014, the average market risk specialist earned $71,560 annually, but today, they earn $87,735 a year. That works out to a 6% change in pay for market risk specialists over the last decade.
Compare market risk specialist salaries for cities or states with the national average over time.
Average market risk specialist salary over time
Compare market risk specialist salaries for individual cities or states with the national average.
Market risk specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $87,700 | $42.18 | +2.6% |
| 2025 | $85,500 | $41.10 | +1.6% |
| 2024 | $84,100 | $40.43 | +1.1% |
| 2023 | $83,200 | $39.99 | +0.1% |
| 2022 | $83,100 | $39.96 | +4.0% |
Recently added market risk specialist salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Jpmorgan Chase | Market Risk | New York, NY | 05/21/2025 | $160,000 |
| Jpmorgan Chase Bank, N.A | Market Risk | New York, NY | 05/20/2025 | $160,000 |
| Jpmorganchase | Market Risk | Fine, NY | 05/19/2025 | $160,000 |
| Marsh & McLennan Companies, Inc. | Specialist-Insurance Operations-Middle Market/Large Risk | New Orleans, LA | 04/26/2025 | $64,400 |
| Marsh & McLennan Companies, Inc. | Specialist-Insurance Operations-Middle Market/Large Risk | Las Vegas, NV | 04/26/2025 | $64,400 |
| Marsh & McLennan Companies, Inc. | Specialist-Insurance Operations-Middle Market/Large Risk | Houston, TX | 04/26/2025 | $64,400 |
| Marsh & McLennan Companies, Inc. | Specialist-Insurance Operations-Middle Market/Large Risk | Atlanta, GA | 04/26/2025 | $64,400 |
| Marsh & McLennan Companies, Inc. | Specialist-Insurance Operations-Middle Market/Large Risk | Los Angeles, CA | 04/26/2025 | $64,400 |
| Clark Insurance | Specialist-Insurance Operations-Middle Market/Large Risk | Houston, TX | 04/26/2025 | $64,400 |
| Clark Insurance | Specialist-Insurance Operations-Middle Market/Large Risk | New Orleans, LA | 04/26/2025 | $64,400 |
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