Average Business and Financial Operations Occupations Salary in Worcester, MA
In Worcester, MA, professionals in Business and Financial Operations Occupations earn an average annual salary of $91,380. This figure is slightly below the national average of $94,590, suggesting that while the demand is present, local market dynamics and potentially a slightly lower cost of doing business contribute to this compensation level.
Executive Summary
- Average Salary: $91,380 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $139,240.
- Outlook: Worcester's Business and Financial Operations sector is supported by a substantial local workforce of 18,460 individuals. The location quotient of 0.78 indicates a presence that is close to, but slightly less concentrated than, the national average, suggesting a stable yet not overly saturated market for these roles.
Salary Overview
The average Business and Financial Operations Occupations in Worcester, MA earns-3.4%below the national average.
$43.9
$1,757
$7,615
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations roles in Worcester have seen consistent growth over the past four years, mirroring national trends of increasing compensation driven by inflation, demand, and evolving industry needs.
Business and Financial Operations Occupations Salary Distribution in Worcester, MA
Career progression within Business and Financial Operations in Worcester, MA, typically involves a significant salary increase with experience. Entry-level positions might start in the lower percentiles, while seasoned professionals with specialized skills and leadership responsibilities can command salaries in the upper percentiles, reflecting a clear career trajectory and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,840 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,535 | $32.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,880 | $39.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,225 | $54.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $139,240 | $66.9 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$91,380
Gross Pay
Real Wage (Purchasing Power)
$91,380
Adjusted for COL (100)
The average annual salary of $91,380 in Worcester 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 Worcester is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
18,460
Total Jobs
52.454
Per 1K Jobs
0.78
Location Quotient
Worcester, MA has 0.78x 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 0.78, the Business and Financial Operations job market in Worcester is slightly less concentrated than the national average. This suggests a healthy demand for these professionals, but perhaps not an overwhelming abundance, indicating a competitive landscape where skilled individuals can find opportunities.
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Worcester, MA?
The median annual salary for a Business and Financial Operations Occupations in Worcester, MA is $91,380. This typically ranges from $49,840 for entry-level positions to $139,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 3.4% lower than the national median of $94,590.
Is Worcester, MA a lucrative place for Business and Financial Operations Occupationss?
Yes, with caveats.While the average salary is slightly below the national average, the cost of living is also at the national average, making the effective earning potential comparable. The stable workforce size indicates consistent opportunities.
Is Worcester, MA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($88,520) and Providence-Warwick, RI-MA.
How does Worcester's salary compare to the national average for this field?
The average salary in Worcester, MA, for Business and Financial Operations Occupations is $91,380, which is slightly lower than the national average of $94,590.
What is the significance of the location quotient (LQ) for this role in Worcester?
An LQ of 0.78 means that Business and Financial Operations Occupations are slightly less concentrated in Worcester compared to the national average, indicating a balanced job market.
Does the cost of living in Worcester affect the perceived value of the salary?
No, the cost of living in Worcester is exactly at the national average (100), meaning the $91,380 salary has the same purchasing power as the national average salary.
How many Business and Financial Operations professionals work in Worcester?
There are approximately 18,460 individuals employed in Business and Financial Operations Occupations in Worcester, MA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 18,460 employees in the Worcester, MA area with a job density of 52.454 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 Worcester, MA