Financial Specialist Salary in Sector of Finance and Insurance

The salary statistics of financial specialists in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare financial specialist salaries in different industries within the finance and insurance sector.

Average Annual Salary of Financial Specialists

Percentile BracketAverage Annual Salary
10th Percentile Wage
$39,440
25th Percentile Wage
$53,360
50th Percentile Wage
$74,710
75th Percentile Wage
$108,460
90th Percentile Wage
$170,040

Table 1 shows the average annual salary for financial specialists in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) financial specialists is $170,040. The median annual salary (50th percentile) is $74,710. The average annual salary for the bottom 10 percent paid financial specialists is $39,440.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of financial specialists in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$74,710
2.06% 13.65%
2016
$73,170
1.45% -
2015
$72,110
3.76% -
2014
$69,400
2.81% -
2013
$67,450
4.36% -
2012
$64,510
- -

Compare Financial Specialist Salary in Different Industries within the Finance and Insurance Sector

The average salaries of financial specialists in 22 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for financial specialist occupations is the securities and commodity contracts intermediation and brokerage industry with an annual salary $97,970. The lowest paying industry is the other nondepository credit intermediation industry (annual salary $64,100). For detailed financial specialist salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Securities and Commodity Contracts Intermediation and Brokerage
$97,970
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$94,860
Securities and Commodity Exchanges
$91,940
Monetary Authorities-Central Bank
$89,300
Monetary Authorities-Central Bank
$89,300
Other Financial Investment Activities
$88,890
Other Investment Pools and Funds
$76,060
Funds, Trusts, and Other Financial Vehicles
$73,560
Direct Health and Medical Insurance Carriers
$72,230
Insurance Carriers
$71,730
Insurance Carriers and Related Activities
$70,700
Direct Insurance (except Life, Health, and Medical) Carriers
$70,280
Insurance Agencies and Brokerages
$70,170
Insurance and Employee Benefit Funds
$70,040
Agencies, Brokerages, and Other Insurance Related Activities
$68,780
Credit Intermediation and Related Activities
$68,100
Credit Intermediation and Related Activities
$67,860
Nondepository Credit Intermediation
$67,370
Depository Credit Intermediation
$66,580
Other Insurance Related Activities
$66,510
Activities Related to Credit Intermediation
$65,080
Other Nondepository Credit Intermediation
$64,100

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




Related:

Highest paying industries for financial specialists.