Average Financial and Investment Analysts Salary in Massachusetts
Financial and Investment Analysts in Massachusetts command an impressive average annual salary of $131,500, significantly outpacing the national average of $117,950. This premium is largely driven by the state's robust financial sector, concentration of major corporations, and demand for specialized financial expertise.
Executive Summary
- Average Salary: $131,500 per year.
- Growth Trend: Salaries have shifted 25.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $205,790.
- Outlook: With a substantial local workforce of 18,020 Financial and Investment Analysts, Massachusetts demonstrates a strong and established presence in this field. The Location Quotient of 2.24 indicates a concentration of these professionals that is more than double the national average, signaling robust demand and a dynamic job market.
Salary Overview
The average Financial and Investment Analysts in Massachusetts earns+11.5%above the national average.
$63.2
$2,529
$10,958
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the average salary for Financial and Investment Analysts in Massachusetts has experienced consistent growth over the past four years, mirroring national trends. This growth is typically fueled by increasing complexity in financial markets, evolving regulatory landscapes, and a persistent demand for skilled analysts.
Financial and Investment Analysts Salary Distribution in Massachusetts
Salary progression for Financial and Investment Analysts in Massachusetts typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries well into the upper percentiles, reflecting a clear career growth trajectory.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $73,930 | $35.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,625 | $47.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $107,610 | $51.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $164,375 | $79 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $205,790 | $98.9 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$131,500
Gross Pay
Real Wage (Purchasing Power)
$88,612
Adjusted for COL (148.4)
While the nominal salary of $131,500 is substantial, the high Cost of Living Index of 148.4 in Massachusetts means that the purchasing power of this salary is reduced compared to national averages. Prospective analysts must carefully consider the higher expenses associated with housing, goods, and services when evaluating compensation in the state.
Job Market Context
18,020
Total Jobs
4.947
Per 1K Jobs
2.24
Location Quotient
Massachusetts has 2.2x the national concentration of Financial and Investment Analysts jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.24 for Financial and Investment Analysts in Massachusetts signifies a highly concentrated job market, indicating that these roles are significantly more prevalent here than in the average U.S. state. This suggests a competitive environment with abundant opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Financial and Investment Analysts Salary | $103,760↓ 21% | 14 mi |
| Boston-Cambridge-Newton, MA-NH Financial and Investment Analysts Salary | $133,690↑ 2% | 24 mi |
| Providence-Warwick, RI-MA Financial and Investment Analysts Salary | $117,340↓ 11% | 29 mi |
| Amherst Town-Northampton, MA Financial and Investment Analysts Salary | $104,210↓ 21% | 52 mi |
| Springfield, MA Financial and Investment Analysts Salary | $106,750↓ 19% | 52 mi |
Comparing salaries near Massachusetts
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Massachusetts?
The median annual salary for a Financial and Investment Analysts in Massachusetts is $131,500. This typically ranges from $73,930 for entry-level positions to $205,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Massachusetts is 11.5% higher than the national median of $117,950.
Is Massachusetts a lucrative place for Financial and Investment Analysts?
Yes, Massachusetts is a highly lucrative state for Financial and Investment Analysts.The average salary of $131,500 is considerably higher than the national average, and the strong concentration of these roles (LQ of 2.24) points to significant demand and opportunity.
Is Massachusetts a good place to live for Financial and Investment Analysts?
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 ($103,760) and Boston-Cambridge-Newton, MA-NH.
How does the number of jobs per 1,000 workers compare nationally?
With 4.947 jobs per 1,000 workers, Massachusetts has a higher density of Financial and Investment Analyst roles compared to the national average, reinforcing the state's importance in this sector.
What is the significance of the Location Quotient (LQ) of 2.24?
An LQ of 2.24 means that Financial and Investment Analysts are more than twice as concentrated in Massachusetts compared to the national average, indicating a specialized and robust local job market for this profession.
How does the Cost of Living Index affect the salary?
The Cost of Living Index of 148.4 signifies that living in Massachusetts is approximately 48.4% more expensive than the national average, meaning the $131,500 salary needs to be considered in light of higher daily expenses.
What does the total local workforce of 18,020 imply?
A workforce of 18,020 Financial and Investment Analysts indicates a substantial and established professional community within Massachusetts, suggesting a mature market with diverse career paths.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 18,020 employees in the Massachusetts area with a job density of 4.947 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial and Investment Analysts Salaries by State
Top Jobs in Massachusetts
- All Occupations Salary in Massachusetts
- Office and Administrative Support Occupations Salary in Massachusetts
- Management Occupations Salary in Massachusetts
- Business and Financial Operations Occupations Salary in Massachusetts
- Sales and Related Occupations Salary in Massachusetts
- Food Preparation and Serving Related Occupations Salary in Massachusetts
- Healthcare Practitioners and Technical Occupations Salary in Massachusetts
- Educational Instruction and Library Occupations Salary in Massachusetts
- Transportation and Material Moving Occupations Salary in Massachusetts
- Healthcare Support Occupations Salary in Massachusetts
- Browse All Jobs in Massachusetts →
Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in Massachusetts