Financial Managers vs Financial Risk Specialists: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Financial Managers professionals earn $55,700 more per year than Financial Risk Specialists professionals — that's 52.5% higher.
Salary Range Comparison
Financial Managers$86,490 – N/A
Financial Risk Specialists$62,270 – $182,310
$62,270$182,310
Detailed Salary Comparison
| Percentile | Financial Managers | Financial Risk Specialists | Difference |
|---|---|---|---|
| 10th Percentile | $86,490 | $62,270 | +$24,220 |
| 25th Percentile | $118,360 | $80,280 | +$38,080 |
| Median (50th) | $161,700 | $106,000 | +$55,700 |
| 75th Percentile | $214,210 | $145,020 | +$69,190 |
| 90th Percentile | N/A | $182,310 | N/A |
| Mean (Average) | $180,470 | $119,930 | +$60,540 |
Employment Numbers
Financial Managers
818,620
employed nationwide
Financial Risk Specialists
56,320
employed nationwide
Top Paying Cities
Best Cities for Financial Managers
| City | Median |
|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $218,920 |
| New York-Newark-Jersey City, NY-NJ-PA | $216,520 |
| San Francisco-Oakland-Berkeley, CA | $211,730 |
| Boston-Cambridge-Nashua, MA-NH | $188,490 |
| Seattle-Tacoma-Bellevue, WA | $180,770 |
Best Cities for Financial Risk Specialists
| City | Median |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $141,960 |
| San Francisco-Oakland-Berkeley, CA | $140,050 |
| San Jose-Sunnyvale-Santa Clara, CA | $137,420 |
| Charlotte-Concord-Gastonia, NC-SC | $130,750 |
| Seattle-Tacoma-Bellevue, WA | $128,440 |
Frequently Asked Questions
Who earns more: Financial Managers or Financial Risk Specialists?
Financial Managers professionals earn more, with a median salary difference of $55,700 (52.5% higher) as of 2024 BLS data.
What is the salary range for Financial Managers?
Financial Managers salaries range from $86,490 (10th percentile) to N/A (90th percentile), with a median of $161,700.
What is the salary range for Financial Risk Specialists?
Financial Risk Specialists salaries range from $62,270 (10th percentile) to $182,310 (90th percentile), with a median of $106,000.
How many Financial Managers and Financial Risk Specialists jobs are there?
There are approximately 818,620 Financial Managers positions and 56,320 Financial Risk Specialists positions nationwide according to 2024 BLS data.
Is it worth switching from Financial Risk Specialists to Financial Managers?
Career decisions depend on many factors beyond salary. Financial Managers has a median salary of $161,700 while Financial Risk Specialists earns $106,000. Consider job satisfaction, growth prospects, required education, and work-life balance.
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Data verified March 2026 · Source: U.S. Bureau of Labor Statistics OEWS