Financial Specialists in Michigan
Is Michigan a good place for you to work as a Financial Specialist?
You’re in luck! Jobs for Financial Specialists in Michigan are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Financial Specialists in Michigan is growing faster than average.
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Financial Specialists in Michigan earn higher salaries than the typical U.S. wage earner.
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How Many Financial Specialists Work in Michigan?
In 2018, there were 4,050 Financial Specialists working in the state.
There were 4,270 Financial Specialists employed in this state in 2017.
That’s a decline of 220 jobs between 2017 and 2018.
The typical state has 1,410 Financial Specialists working in it, which means Michigan has more Financial Specialists than average.
Job Projections for Michigan
Jobs for Financial Specialists in this state are growing at a rate of 9.3% which is slower than the nationwide estimated projection of 9.6%.
Michigan Annual Job Openings
The BLS is projecting 500 annual Financial Specialists job openings in Michigan, and 5,770 total jobs in the year 2026.
Nationwide, the prediction is 13,100 annual jobs and 149,000 total jobs in 2026.
What do Financial Specialists Make in Michigan?
In 2018 wages for Financial Specialists ranged from $36,820 to $126,880 with $59,420 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $17.7 to $61. The median hourly rate was $28.57.
Workers in this field were paid a median of $28.73 an hour in 2017.
The hourly rate declined by $0.16.
The median salary in Michigan is higher than the nationwide median salary.
Top Michigan Metros for Financial Specialists
The table below shows some of the metros in this state with the most Financial Specialists.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Detroit-Warren-Dearborn, MI | 2,220 | $66,000 |
| Grand Rapids-Wyoming, MI | 440 | $50,390 |
| Ann Arbor, MI | 220 | $50,410 |
| Lansing-East Lansing, MI | 210 | $60,750 |
| Flint, MI | 150 | $47,990 |
| Kalamazoo-Portage, MI | 110 | $56,280 |
| Saginaw, MI | 70 | $52,920 |
| Niles-Benton Harbor, MI | 60 | $49,030 |
| Jackson, MI | 60 | $70,850 |
| South Bend-Mishawaka, IN-MI | 40 | $41,980 |
| Midland, MI | 40 | $50,070 |
| Battle Creek, MI | 40 | $73,450 |
Top States for Financial Specialists Employment
View the list below to see where most Financial Specialists work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 19,100 | $72,620 |
| Texas | 10,780 | $62,900 |
| Florida | 6,410 | $62,400 |
| New Jersey | 5,360 | $77,080 |
| Ohio | 5,300 | $75,670 |
| Maryland | 5,260 | $71,230 |
| Georgia | 4,740 | $73,370 |
| Virginia | 4,500 | $82,900 |
| Illinois | 4,500 | $82,100 |
| New York | 4,450 | $81,800 |
| Michigan | 4,050 | $59,420 |
| Colorado | 3,650 | $74,680 |
| North Carolina | 3,430 | $67,040 |
| Pennsylvania | 3,370 | $71,240 |
| Minnesota | 3,320 | $65,470 |
| District of Columbia | 3,070 | $103,300 |
| Arizona | 2,980 | $71,620 |
| Washington | 2,920 | $65,840 |
| Massachusetts | 2,890 | $81,120 |
| Tennessee | 2,770 | $57,100 |
Below are the states where Financial Specialists get paid the most:
| State | Annual Median Salary |
|---|---|
| District of Columbia | $103,300 |
| Virginia | $82,900 |
| Illinois | $82,100 |
| New York | $81,800 |
| Massachusetts | $81,120 |
| New Hampshire | $77,300 |
| New Jersey | $77,080 |
| Ohio | $75,670 |
| Colorado | $74,680 |
| Connecticut | $73,560 |
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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