Average Financial and Investment Analysts Salary in Worcester, MA
In Worcester, MA, Financial and Investment Analysts earn an average annual salary of $103,760. This figure is notably below the national average of $117,950, suggesting that local market dynamics and potentially a slightly lower demand influence compensation in this region. While the cost of living is on par with the national average, the salary differential warrants closer examination for professionals in this field.
Executive Summary
- Average Salary: $103,760 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $158,180.
- Outlook: Worcester's market for Financial and Investment Analysts, while not as concentrated as the national average with a Location Quotient of 0.72, still supports a workforce of 560 professionals. The rate of 1.595 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these specialized skills within the local economy. This suggests a stable, rather than rapidly expanding, job market for analysts in the area.
Salary Overview
The average Financial and Investment Analysts in Worcester, MA earns-12.0%below the national average.
$49.9
$1,995
$8,647
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial and Investment Analysts in Worcester have seen consistent growth over the past four years, mirroring broader economic trends and increasing demand for financial expertise. This upward trajectory is likely driven by inflation, evolving market complexities, and the continuous need for skilled financial professionals to navigate economic landscapes.
Financial and Investment Analysts Salary Distribution in Worcester, MA
Salary progression for Financial and Investment Analysts in Worcester, MA, typically scales significantly with experience. Entry-level positions may start at a lower percentile, perhaps in the $70,000-$80,000 range, while senior analysts with extensive experience and specialized skills can command salaries well into the $130,000-$150,000 bracket. The widening gap between entry-level and senior roles signifies robust career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,780 | $31.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,820 | $37.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $94,990 | $45.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $129,700 | $62.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $158,180 | $76 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$103,760
Gross Pay
Real Wage (Purchasing Power)
$103,760
Adjusted for COL (100)
The average annual salary of $103,760 in Worcester, MA, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the nominal salary offers a purchasing power equivalent to the national average, providing a balanced financial standing for analysts residing in the city. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay is relatively stable in terms of real value.
Job Market Context
560
Total Jobs
1.595
Per 1K Jobs
0.72
Location Quotient
Worcester, MA has 0.72x 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.
With a Location Quotient of 0.72, Worcester, MA, has a slightly lower concentration of Financial and Investment Analysts compared to the national average. This indicates that the job market is less saturated than in major financial hubs, potentially offering a more accessible entry point for new professionals or those looking to relocate. However, it also suggests that the demand might be more localized and less driven by a high density of financial institutions.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Providence-Warwick, RI-MA Financial and Investment Analysts Salary | $117,340↑ 13% | 37 mi |
| Amherst Town-Northampton, MA Financial and Investment Analysts Salary | $104,210↑ 0% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Financial and Investment Analysts Salary | $133,690↑ 29% | 37 mi |
| Springfield, MA Financial and Investment Analysts Salary | $106,750↑ 3% | 39 mi |
Comparing salaries near Worcester, MA
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Worcester, MA?
The median annual salary for a Financial and Investment Analysts in Worcester, MA is $103,760. This typically ranges from $64,780 for entry-level positions to $158,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 12.0% lower than the national median of $117,950.
Is Worcester, MA a lucrative place for Financial and Investment Analysts?
No, not exceptionally lucrative compared to the national average.While the average salary of $103,760 is substantial, it falls below the national average of $117,950. However, the cost of living matching the national average provides a neutral financial standing.
Is Worcester, MA a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Providence-Warwick, RI-MA ($117,340) and Amherst Town-Northampton, MA.
How does the number of Financial and Investment Analysts in Worcester compare nationally?
Worcester has a total local workforce of 560 Financial and Investment Analysts, with a Location Quotient of 0.72, indicating a slightly lower concentration than the national average.
What is the job density for Financial and Investment Analysts in Worcester?
There are approximately 1.595 Financial and Investment Analyst jobs per 1,000 workers in Worcester, MA, suggesting a consistent but not overwhelming demand for these roles.
How does experience impact salary for Financial and Investment Analysts in Worcester?
Experience significantly impacts earnings, with entry-level positions offering lower salaries and senior analysts commanding substantially higher compensation, reflecting career progression.
Is Worcester, MA an expensive city to live in for Financial and Investment Analysts?
No, Worcester's Cost of Living Index is 100, which is exactly the national average, meaning the cost of goods and services is neither significantly higher nor lower than the typical US city.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the Worcester, MA area with a job density of 1.595 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in Worcester, MA