Average Chief Executives Salary in Massachusetts
Chief Executives in Massachusetts command an impressive average annual salary of $324,340, significantly surpassing the national average of $283,090. This elevated compensation is largely driven by the state's robust economic landscape, concentration of major industries, and the high demand for experienced leadership in its thriving business environment.
Executive Summary
- Average Salary: $324,340 per year.
- Growth Trend: Salaries have shifted 40.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $486,510.
- Outlook: With a local workforce of 7,110 Chief Executives and a Location Quotient of 1.42, Massachusetts demonstrates a notably strong concentration of these high-level positions compared to the national average. This indicates a robust job market with a demand that outpaces national trends, suggesting a healthy environment for executive talent.
Salary Overview
The average Chief Executives in Massachusetts earns+14.6%above the national average.
$155.9
$6,237
$27,028
Chief Executives Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Chief Executives in Massachusetts have experienced consistent growth over the past four years, mirroring national trends of increasing executive compensation. This upward trajectory is likely fueled by economic expansion and the evolving complexities of corporate leadership.
Chief Executives Salary Distribution in Massachusetts
The salary spectrum for Chief Executives typically widens significantly with experience. Entry-level positions, while still substantial, will fall below the average, whereas seasoned executives with extensive track records and proven success can command salaries well into the top percentiles. The gap between entry-level and senior roles signifies substantial career progression and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $102,480 | $49.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $243,255 | $116.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $324,334 | $155.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $405,425 | $194.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $486,510 | $233.9 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$324,340
Gross Pay
Real Wage (Purchasing Power)
$218,558
Adjusted for COL (148.4)
While the nominal average salary of $324,340 is substantial, it must be considered against Massachusetts's high Cost of Living Index of 148.4. This means that while purchasing power is higher than the national average, the cost of essential goods and services, housing, and lifestyle expenses are considerably more expensive, requiring careful financial planning.
Job Market Context
7,110
Total Jobs
1.951
Per 1K Jobs
1.42
Location Quotient
With a location quotient of 1.42, Massachusetts has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.
A Location Quotient of 1.42 signifies that Chief Executive roles are 42% more concentrated in Massachusetts than the national average. This suggests a competitive yet abundant market, where opportunities exist but are sought after by a higher proportion of the workforce, indicating a dynamic and active executive recruitment landscape.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Chief Executives Salary | $269,920↓ 17% | 14 mi |
| Boston-Cambridge-Newton, MA-NH Chief Executives Salary | $341,340↑ 5% | 24 mi |
| Providence-Warwick, RI-MA Chief Executives Salary | $277,540↓ 14% | 29 mi |
| Amherst Town-Northampton, MA Chief Executives Salary | $189,910↓ 41% | 52 mi |
| Springfield, MA Chief Executives Salary | $244,200↓ 25% | 52 mi |
Comparing salaries near Massachusetts
Hiring Chief Executivess?
Frequently Asked Questions
How much does a Chief Executives make in Massachusetts?
The median annual salary for a Chief Executives in Massachusetts is $324,340. This typically ranges from $102,480 for entry-level positions to $486,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Massachusetts is 14.6% higher than the national median of $283,090.
Is Massachusetts a lucrative place for Chief Executives?
Yes, Massachusetts is a highly lucrative state for Chief Executives.The average salary significantly exceeds the national average, and the concentration of these roles indicates strong demand and opportunity within the state's economy.
Is Massachusetts a good place to live for Chief Executives?
The Cost of Living Index in Massachusetts is 148.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Massachusetts?
Some top paying nearby cities include Worcester, MA ($269,920) and Boston-Cambridge-Newton, MA-NH.
How does the number of Chief Executives in Massachusetts compare nationally?
Massachusetts employs 7,110 Chief Executives, with a jobs-per-1,000-workers ratio of 1.951, indicating a substantial presence within the state's professional landscape.
What is the significance of the Location Quotient for Chief Executives in Massachusetts?
A Location Quotient of 1.42 means that Chief Executive positions are 42% more concentrated in Massachusetts than the national average, highlighting a higher density of these roles.
How does the cost of living in Massachusetts affect the Chief Executive salary?
With a Cost of Living Index of 148.4, the high salary is somewhat offset by the increased expenses, though it still represents a higher effective income compared to national averages.
Are there many Chief Executive jobs in Massachusetts?
Yes, the state has a significant number of Chief Executive roles, as indicated by the total local workforce and the above-average concentration, suggesting a robust job market for these positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,110 employees in the Massachusetts area with a job density of 1.951 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in Massachusetts