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Financial Specialists in Michigan

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Financial Specialists in Michigan

Is Michigan a good place for you to work as a Financial Specialist?

9.3% Jobs Projection
$59,420 Median Salary
500 Job Openings

You’re in luck! Jobs for Financial Specialists in Michigan are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Financial Specialists in Michigan is growing faster than average.

  • Financial Specialists in Michigan earn higher salaries than the typical U.S. wage earner.

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.

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The typical state has 1,410 Financial Specialists working in it, which means Michigan has more Financial Specialists than average.

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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%.

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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.

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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

More about our data sources and methodologies.

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