Average Financial and Investment Analysts Salary in Springfield, MA
Financial and Investment Analysts in Springfield, MA, earn an average annual salary of $106,750. This figure is notably below the national average of $117,950, suggesting that local market dynamics and potentially a different industry focus within the region influence compensation. While the national trend often sees higher pay in major financial hubs, Springfield's specific economic landscape shapes the earning potential for these critical roles.
Executive Summary
- Average Salary: $106,750 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,900.
- Outlook: With a local workforce of 350 Financial and Investment Analysts, Springfield, MA, presents a moderately sized professional community. The Location Quotient of 0.81 indicates a slightly lower concentration of these roles compared to the national average. This suggests that while the profession is established, it is not disproportionately dominant, implying a stable but not rapidly expanding demand within the immediate area.
Salary Overview
The average Financial and Investment Analysts in Springfield, MA earns-9.5%below the national average.
$51.3
$2,053
$8,896
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Springfield, MA is not provided, it is reasonable to assume that salaries for Financial and Investment Analysts have experienced growth over the past four years, mirroring national trends. Economic shifts, evolving market demands, and inflation typically drive modest annual increases in compensation for skilled professionals in this field.
Financial and Investment Analysts Salary Distribution in Springfield, MA
The career trajectory for Financial and Investment Analysts in Springfield, MA, typically involves significant salary progression with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries well into the higher percentiles, reflecting increased responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,930 | $30.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $80,063 | $38.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $97,570 | $46.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $133,438 | $64.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $154,900 | $74.5 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$106,750
Gross Pay
Real Wage (Purchasing Power)
$106,750
Adjusted for COL (100)
The average annual salary of $106,750 in Springfield, MA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for analysts residing in the area.
Job Market Context
350
Total Jobs
1.782
Per 1K Jobs
0.81
Location Quotient
Springfield, MA has 0.81x the national average concentration of Financial and Investment Analysts jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.81 for Financial and Investment Analysts in Springfield, MA, signifies that the concentration of these professionals is slightly below the national average. This suggests a market that is neither oversaturated nor exceptionally scarce, offering a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Amherst Town-Northampton, MA Financial and Investment Analysts Salary | $104,210↓ 2% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Financial and Investment Analysts Salary | $103,620↓ 3% | 25 mi |
| Connecticut nonmetropolitan area Financial and Investment Analysts Salary | $98,120↓ 8% | 37 mi |
| Worcester, MA Financial and Investment Analysts Salary | $103,760↓ 3% | 39 mi |
| Pittsfield, MA Financial and Investment Analysts Salary | $130,110↑ 22% | 44 mi |
Comparing salaries near Springfield, MA
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Springfield, MA?
The median annual salary for a Financial and Investment Analysts in Springfield, MA is $106,750. This typically ranges from $62,930 for entry-level positions to $154,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 9.5% lower than the national median of $117,950.
Is Springfield, MA a lucrative place for Financial and Investment Analysts?
No, not exceptionally lucrative compared to the national average.While the average salary of $106,750 is substantial, it falls below the national average of $117,950. However, the cost of living being at the national average means the salary's purchasing power is equivalent nationally.
Is Springfield, MA a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($104,210) and Hartford-West Hartford-East Hartford, CT.
How does the local workforce size affect job prospects?
A local workforce of 350 suggests a moderate-sized professional pool. This can mean fewer openings than in larger metropolitan areas, but also potentially less competition for specialized roles.
What does a Location Quotient of 0.81 mean for job seekers?
A Location Quotient below 1.0 indicates that Financial and Investment Analysts are less concentrated in Springfield, MA, than the national average. This could imply a stable job market with consistent demand rather than rapid growth.
How does the cost of living impact the salary?
With a Cost of Living Index of 100, the $106,750 salary in Springfield, MA, has the same relative purchasing power as the national average salary. This means your earnings will stretch as far as they would in a typical US city.
Are there many jobs per 1,000 workers for this role in Springfield, MA?
With 1.782 jobs per 1,000 workers, the presence of Financial and Investment Analysts is noticeable but not overwhelmingly dominant in Springfield's labor market, reflecting a balanced employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Springfield, MA area with a job density of 1.782 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 Springfield, MA
- All Occupations Salary in Springfield, MA
- Healthcare Support Occupations Salary in Springfield, MA
- Office and Administrative Support Occupations Salary in Springfield, MA
- Healthcare Practitioners and Technical Occupations Salary in Springfield, MA
- Food Preparation and Serving Related Occupations Salary in Springfield, MA
- Home Health and Personal Care Aides Salary in Springfield, MA
- Transportation and Material Moving Occupations Salary in Springfield, MA
- Educational Instruction and Library Occupations Salary in Springfield, MA
- Sales and Related Occupations Salary in Springfield, MA
- Management Occupations Salary in Springfield, MA
- Browse All Jobs in Springfield, MA →
Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in Springfield, MA