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As of August 01, 2026, the average salary for a Financial Reporting Specialist in Maryland is $120,799 per year, which breaks down to an hourly rate of $58.
However, a Financial Reporting Specialist's salary can vary significantly. Here’s a look at the typical salary range:
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Financial Reporting Specialist Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $131,735 | $10,978 | $2,533 | $63 |
| Average | $120,799 | $10,067 | $2,323 | $58 |
| 25th Percentile | $111,315 | $9,276 | $2,141 | $54 |
TriSource Staffing Solutions - Bethesda, MD
Dhaka Technologies Limited Company - Frederick, MD
FCP - Chevy Chase, MD
University of Maryland Medical Center - Linthicum, MD
A Financial Reporting Specialist's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Financial Reporting Specialist's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Financial... Level Financial Reporting Specialist | $83,051 |
| Financial... Level Financial Reporting Specialist | $99,537 |
| Financial... Level Financial Reporting Specialist | $119,994 |
| Financial... Level Financial Reporting Specialist | $154,762 |
| Financial... Level Financial Reporting Specialist | $108,116 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Financial Reporting Specialists. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Financial Reporting Specialist roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Biotechnology sectors offer the strongest compensation, at 30% above the average. In contrast, Financial Reporting Specialist positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Financial Reporting Specialist as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $157,038 | $75.0 | 30% |
| Biotechnology | $150,998 | $73.0 | 25% |
| Software & Networking | $150,998 | $73.0 | 25% |
| Financial Services | $144,958 | $70.0 | 20% |
| Healthcare | $138,918 | $67.0 | 15% |
Understanding how a Financial Reporting Specialist's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $131,735 | $10,978 | $2,533 | $63 |
| Average | $120,799 | $10,067 | $2,323 | $58 |
| 25th Percentile | $111,315 | $9,276 | $2,141 | $54 |
Ready to take the next step in your career? Browse thousands of current Financial Reporting Specialist job openings on our job board. Use the search bar below to find your perfect match.
Centers for Medicare & Medicaid Services
Gwynn Oak, MD
Centers for Medicare & Medicaid Services | Gwynn Oak, MD
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Lexington Park, MD
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University of Maryland Medical Center
Linthicum, MD
University of Maryland Medical Center | Linthicum, MD
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Columbia, MD
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Chevy Chase, MD
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