Average Business and Financial Operations Occupations Salary in Pittsfield, MA
In Pittsfield, MA, professionals in Business and Financial Operations Occupations earn an average annual salary of $88,930. This figure is slightly below the national average of $94,590, suggesting that local market dynamics and the specific economic landscape of Pittsfield influence compensation levels. Factors such as industry concentration and regional demand play a significant role in shaping these pay scales.
Executive Summary
- Average Salary: $88,930 per year.
- Growth Trend: Salaries have shifted 21.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $143,130.
- Outlook: Pittsfield, MA supports a local workforce of 2,920 individuals within Business and Financial Operations Occupations. The Location Quotient of 0.76 indicates that this sector is less concentrated in Pittsfield compared to the national average, suggesting a moderate but not dominant presence. While the job market may not be as saturated as in larger metropolitan areas, the presence of nearly 3,000 professionals points to a stable demand for these roles.
Salary Overview
The average Business and Financial Operations Occupations in Pittsfield, MA earns-6.0%below the national average.
$42.8
$1,710
$7,411
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Pittsfield's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for specialized financial skills, and evolving business needs likely contribute to a gradual upward trajectory in compensation for these roles within the region.
Business and Financial Operations Occupations Salary Distribution in Pittsfield, MA
Within the Business and Financial Operations sector in Pittsfield, salary progression typically follows a clear path from entry-level to senior positions. Junior roles might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized expertise can command significantly higher salaries. The percentile gaps in earnings underscore the substantial career advancement opportunities and the financial rewards associated with accumulating experience and demonstrating leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,880 | $22.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,698 | $32.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,780 | $37.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,163 | $53.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $143,130 | $68.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$88,930
Gross Pay
Real Wage (Purchasing Power)
$88,930
Adjusted for COL (100)
The average annual salary of $88,930 in Pittsfield, MA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary in Pittsfield is equivalent to the national average, offering a balanced financial standing for residents. While the nominal salary is below the national average, the cost of living parity suggests that the take-home pay effectively covers expenses at a comparable rate to the rest of the country.
Job Market Context
2,920
Total Jobs
50.965
Per 1K Jobs
0.76
Location Quotient
Pittsfield, MA has 0.76x the national average concentration of Business and Financial Operations Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.76, Business and Financial Operations Occupations are less concentrated in Pittsfield, MA, than the national average. This suggests that the job market in this sector is not overly saturated, potentially offering good opportunities for skilled professionals. While the lower concentration might imply fewer job openings compared to national hubs, it also indicates a potentially less competitive environment for those seeking employment in these roles.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Pittsfield, MA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Pittsfield, MA?
The median annual salary for a Business and Financial Operations Occupations in Pittsfield, MA is $88,930. This typically ranges from $46,880 for entry-level positions to $143,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Pittsfield, MA is 6.0% lower than the national median of $94,590.
Is Pittsfield, MA a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $88,930 is below the national average, although the cost of living is also at the national average. This indicates a standard earning potential rather than a highly lucrative market.
Is Pittsfield, MA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Pittsfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Pittsfield, MA?
Some top paying nearby cities include Albany-Schenectady-Troy, NY ($89,050) and Amherst Town-Northampton, MA.
How does the Pittsfield salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Pittsfield, MA is $88,930, which is approximately 6% lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Pittsfield?
Pittsfield has a Location Quotient of 0.76 for these roles, meaning the industry is less concentrated there compared to the national average.
How does the cost of living in Pittsfield affect salary perception?
With a Cost of Living Index of 100, Pittsfield is at the national average. This means the $88,930 salary has the same purchasing power as the national average salary, despite being nominally lower.
What is the total workforce size for these roles in Pittsfield?
There are approximately 2,920 individuals employed in Business and Financial Operations Occupations in Pittsfield, MA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,920 employees in the Pittsfield, MA area with a job density of 50.965 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Pittsfield, MA