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Average Chief Executives Salary in Maryland

Chief Executives in Maryland command an impressive average annual salary of $292,170, surpassing the national average of $283,090. This elevated compensation reflects Maryland's robust economic landscape, strong corporate presence, and the high demand for strategic leadership within the state's key industries.

Executive Summary

  • Average Salary: $292,170 per year.
  • Growth Trend: Salaries have shifted 41.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $438,255.
  • Outlook: With a local workforce of 4,580 Chief Executives, Maryland demonstrates a significant concentration of these high-level roles, indicated by a Location Quotient of 1.21. This suggests a market where demand for executive talent is slightly higher than the national average, pointing towards a stable and potentially growing job market for seasoned leaders.
2024 Market Data

Salary Overview

$292,170

The average Chief Executives in Maryland earns+3.2%above the national average.

BreakdownBased on 40h/week
Hourly

$140.5

Weekly

$5,619

Monthly

$24,348

Chief Executives Salary Distribution in Maryland

The salary trajectory for Chief Executives in Maryland typically scales significantly with experience. Entry-level executive positions might start in the lower percentiles, while seasoned leaders with extensive track records and proven success can command salaries well into the upper percentiles. The substantial gaps between salary percentiles highlight the significant career progression and earning potential available.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$127,980$61.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$219,128$105.3
ManagerOversees team, compliance, and project delivery.50% (Median)$292,178$140.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$365,213$175.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$438,255$210.7

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$292,170

Gross Pay

Real Wage (Purchasing Power)

$233,549

Adjusted for COL (125.1)

The average annual salary of $292,170 in Maryland, while substantial, must be considered in light of the local Cost of Living Index of 125.1. This index indicates that living expenses in Maryland are approximately 25.1% higher than the national average. Therefore, while the nominal salary is high, the purchasing power may be somewhat moderated by these increased costs.

Job Market Context

4,580

Total Jobs

1.669

Per 1K Jobs

1.21

Location Quotient

Above Average

With a location quotient of 1.21, Maryland has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.

Maryland's Location Quotient of 1.21 for Chief Executives signifies a market with a higher concentration of these roles compared to the national average. This suggests that the state is a favorable environment for executive talent, potentially offering more opportunities and a competitive landscape for those seeking top-tier leadership positions.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Washington-Arlington-Alexandria, DC-VA-MD-WV Chief Executives Salary$345,810↑ 18%17 mi
Baltimore-Columbia-Towson, MD Chief Executives Salary$300,250↑ 3%19 mi
Gettysburg, PA Chief Executives Salary$238,630↓ 18%58 mi
Lexington Park, MD Chief Executives Salary$257,430↓ 12%59 mi
York-Hanover, PA Chief Executives Salary$253,200↓ 13%62 mi

Comparing salaries near Maryland

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Frequently Asked Questions

How much does a Chief Executives make in Maryland?

The median annual salary for a Chief Executives in Maryland is $292,170. This typically ranges from $127,980 for entry-level positions to $438,255 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Maryland is 3.2% higher than the national median of $283,090.

Is Maryland a lucrative place for Chief Executives?

Yes, Maryland is a lucrative place for Chief Executives.Chief Executives in Maryland earn an average of $292,170, which is above the national average, and the state shows a higher concentration of these roles.

Is Maryland a good place to live for Chief Executives?

The Cost of Living Index in Maryland is 125.1. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Maryland?

Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($345,810) and Baltimore-Columbia-Towson, MD.

How does Maryland's Chief Executive salary compare to the national average?

The average annual salary for Chief Executives in Maryland is $292,170, which is higher than the national average of $283,090.

What is the concentration of Chief Executives in Maryland?

Maryland has a Location Quotient of 1.21 for Chief Executives, indicating a concentration that is 21% higher than the national average.

How does the cost of living in Maryland affect the Chief Executive salary?

With a Cost of Living Index of 125.1, Maryland is more expensive than the national average, meaning the high salary's purchasing power is somewhat reduced by living expenses.

How many Chief Executives work in Maryland?

There are approximately 4,580 Chief Executives employed within Maryland.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,580 employees in the Maryland area with a job density of 1.669 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Maryland