Average Compensation and Benefits Managers Salary in Boston-Cambridge-Newton, MA-NH
Compensation and Benefits Managers in the Boston-Cambridge-Newton, MA-NH area earn a substantial average annual salary of $192,230, significantly outpacing the national average of $160,420. This elevated compensation is driven by the region's robust economic landscape and high demand for specialized HR professionals, reflecting the area's status as a hub for major industries requiring sophisticated compensation strategies.
Executive Summary
- Average Salary: $192,230 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $288,345.
- Outlook: With a local workforce of 580 professionals in this role and a Location Quotient of 1.65, the Boston-Cambridge-Newton area demonstrates a notable concentration of Compensation and Benefits Managers compared to the national average. This suggests a strong and potentially growing demand for these specialists within the region's diverse economic sectors, indicating a healthy job market.
Salary Overview
The average Compensation and Benefits Managers in Boston-Cambridge-Newton, MA-NH earns+19.8%above the national average.
$92.4
$3,697
$16,019
Compensation and Benefits Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Compensation and Benefits Managers in a dynamic market like Boston-Cambridge-Newton have experienced consistent growth over the past four years. Factors such as inflation, evolving benefits landscapes, and increased demand for strategic HR roles likely contribute to an upward trend in compensation for these professionals.
Compensation and Benefits Managers Salary Distribution in Boston-Cambridge-Newton, MA-NH
Career progression for Compensation and Benefits Managers typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while senior roles, commanding the highest salaries, represent the upper percentiles. The widening gap between entry-level and senior compensation clearly signifies substantial career growth and increased earning potential as professionals gain expertise and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $108,680 | $52.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $144,173 | $69.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $181,910 | $87.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $240,288 | $115.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $288,345 | $138.6 |
Detailed Compensation and Benefits Managers Market Analysis
Relocation Context
Nominal Salary
$192,230
Gross Pay
Real Wage (Purchasing Power)
$192,230
Adjusted for COL (100)
The average annual salary of $192,230 in Boston-Cambridge-Newton, MA-NH aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary translates directly to purchasing power equivalent to the national average, offering a stable financial standing for professionals in this high-paying role.
Job Market Context
580
Total Jobs
0.214
Per 1K Jobs
1.65
Location Quotient
Boston-Cambridge-Newton, MA-NH has 1.6x the national concentration of Compensation and Benefits Managers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 1.65 indicates that Compensation and Benefits Managers are 65% more concentrated in the Boston-Cambridge-Newton, MA-NH area than in the nation overall. This suggests a highly competitive market with a significant presence of employers seeking these specialized skills, potentially leading to more opportunities but also requiring strong qualifications.
Nearby Job Markets
Nearby Cities for Compensation and Benefits Managers
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Compensation and Benefits Managers Salary | $165,980↓ 14% | 37 mi |
| Providence-Warwick, RI-MA Compensation and Benefits Managers Salary | $185,140↓ 4% | 38 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Compensation and Benefits Managerss?
Frequently Asked Questions
How much does a Compensation and Benefits Managers make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Compensation and Benefits Managers in Boston-Cambridge-Newton, MA-NH is $192,230. This typically ranges from $108,680 for entry-level positions to $288,345 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 19.8% higher than the national median of $160,420.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Compensation and Benefits Managers?
Yes, it is a highly lucrative area for Compensation and Benefits Managers.The average salary of $192,230 is substantially higher than the national average, and the strong concentration of these roles (LQ of 1.65) indicates robust demand.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Compensation and Benefits Managers?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Worcester, MA ($165,980) and Providence-Warwick, RI-MA.
How does the local salary compare to the national average?
The average salary of $192,230 in Boston-Cambridge-Newton, MA-NH is approximately 19.8% higher than the national average of $160,420 for Compensation and Benefits Managers.
What is the significance of the Location Quotient (LQ) of 1.65?
An LQ of 1.65 signifies that this region has a significantly higher concentration of Compensation and Benefits Managers compared to the national average, indicating strong local demand for this profession.
Does the Cost of Living in Boston-Cambridge-Newton affect the salary's value?
With a Cost of Living Index of 100, the local salary of $192,230 offers purchasing power equivalent to the national average, meaning the high salary is well-supported by the local economic conditions.
How many Compensation and Benefits Managers are there in the Boston-Cambridge-Newton area?
The total local workforce for Compensation and Benefits Managers in the Boston-Cambridge-Newton, MA-NH area is approximately 580 professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 0.214 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Compensation and Benefits Managers • Data source: BLS OEWS 2024 •Jobs in Boston-Cambridge-Newton, MA-NH