SOC 13-2054 · May 2025 · BLS OEWS
Financial Risk Specialists — Michigan
Michigan · 4 metro areas compared
Median pay for this occupation in Michigan is $103,940 a year, trailing the national median of $117,330 by 11.4%.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
Median pay for this occupation in Michigan is $103,940 a year, trailing the national median of $117,330 by 11.4%. Half of workers earn between $79,720 and $132,260. Beyond that band, the tenth percentile sits at $60,400 and the ninetieth at $165,410.
The area has 1,150 jobs in this occupation, which works out to 0.3 of every thousand jobs. Among the 50 states with published data for this occupation, Michigan ranks 20th by median wage. Ann Arbor leads the state's metro areas for this occupation, at $125,020. Set against every other occupation measured in the same area, it ranks 88th of 774 by median pay.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $60,400 | −48.5% |
| 25th | $79,720 | −32.1% |
| Median (50th) | $103,940 | −11.4% |
| 75th | $132,260 | +12.7% |
| 90th | $165,410 | +41.0% |
| Mean | $107,860 | −8.1% |
Highest-paying metro areas in Michigan
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Ann Arbor | $125,020 | 60 | |
| 2 | Detroit | $105,110 | 690 | |
| 3 | Grand Rapids | $101,090 | 110 | |
| 4 | Lansing | $96,980 | 50 |
What the pay is worth locally
Prices in Michigan run 3.8% below the national average, so the median of $103,940 goes as far as $108,046 would elsewhere in the country. Measured that way it compares to the national median at 7.9% below the national median in real terms.
Published median
$103,940as reported by BLSLocal price level
96.2US average = 100 · BEA 2024Adjusted for local prices
$108,046US average = 100 · BEA 2024Key takeaways
- Median pay is $103,940 a year, 11.4% below the national median.
- Published pay spans $60,400 to $165,410 between the tenth and ninetieth percentiles.
- The area has 1,150 jobs in this occupation.
- It ranks 20th of 50 states for this occupation.
- The highest-paying metro area covered is Ann Arbor, at $125,020.
Frequently asked questions
What is the median wage for Financial Risk Specialists in Michigan?
The median annual wage is $103,940, or $49.97 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $117,330, so pay in Michigan is 11.4% lower. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Michigan earns more than $165,410 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $60,400 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in Ann Arbor, at $125,020 per year.
How many jobs are there in this occupation here?
The survey estimates 1,150 jobs in this occupation in Michigan. Self-employed workers are not included.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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