Average Financial Specialists, All Other Salary in Boston-Cambridge-Newton, MA-NH
Financial Specialists, All Other in the Boston-Cambridge-Newton, MA-NH area command an impressive average annual salary of $103,830, significantly outpacing the national average of $94,320. This elevated compensation reflects the region's robust economic landscape, high demand for specialized financial expertise, and the concentration of major financial institutions and burgeoning tech sectors that drive the need for these critical roles.
Executive Summary
- Average Salary: $103,830 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $162,540.
- Outlook: The local job market for Financial Specialists, All Other in Boston-Cambridge-Newton, MA-NH appears robust, supported by a substantial workforce of 2,550 professionals. A Location Quotient of 1.14 indicates a higher concentration of these roles compared to the national average, suggesting strong local demand and a potentially stable or growing job market for individuals in this field.
Salary Overview
The average Financial Specialists, All Other in Boston-Cambridge-Newton, MA-NH earns+10.1%above the national average.
$49.9
$1,997
$8,653
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Specialists, All Other in the dynamic Boston-Cambridge-Newton, MA-NH metropolitan area have experienced consistent growth over the past four years. Economic expansion, evolving financial regulations, and increasing complexity in financial markets typically drive upward pressure on compensation for skilled professionals in this sector.
Financial Specialists, All Other Salary Distribution in Boston-Cambridge-Newton, MA-NH
Career progression for Financial Specialists, All Other in Boston-Cambridge-Newton, MA-NH typically correlates with increased earning potential. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles, reflecting a significant salary gap that signifies substantial career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,370 | $26.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,873 | $37.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $92,930 | $44.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $129,788 | $62.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $162,540 | $78.1 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$103,830
Gross Pay
Real Wage (Purchasing Power)
$103,830
Adjusted for COL (100)
The average annual salary of $103,830 in Boston-Cambridge-Newton, MA-NH aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of this income is comparable to the national standard, offering a balanced financial environment for specialists in the area.
Job Market Context
2,550
Total Jobs
0.943
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Boston-Cambridge-Newton, MA-NH has a slightly higher-than-average concentration of Financial Specialists, All Other roles compared to the national norm.
With a Location Quotient of 1.14, the Boston-Cambridge-Newton, MA-NH market demonstrates a notable concentration of Financial Specialists, All Other compared to the national benchmark. This suggests a competitive yet opportunity-rich environment where demand slightly outstrips the national average density, indicating a healthy market for both employers seeking talent and professionals seeking roles.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Financial Specialists, All Other Salary | $76,730↓ 26% | 37 mi |
| Providence-Warwick, RI-MA Financial Specialists, All Other Salary | $93,150↓ 10% | 38 mi |
| Manchester-Nashua, NH Financial Specialists, All Other Salary | $94,400↓ 9% | 50 mi |
| Barnstable Town, MA Financial Specialists, All Other Salary | $75,410↓ 27% | 59 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Financial Specialists, All Other in Boston-Cambridge-Newton, MA-NH is $103,830. This typically ranges from $55,370 for entry-level positions to $162,540 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 10.1% higher than the national median of $94,320.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Financial Specialists, All Others?
Yes, it is a lucrative area for Financial Specialists, All Others.The average salary of $103,830 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Financial Specialists, All Others?
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 ($76,730) and Providence-Warwick, RI-MA.
How does the local workforce size impact job prospects?
A local workforce of 2,550 Financial Specialists, All Other indicates a substantial pool of talent and a significant presence of these roles within the Boston-Cambridge-Newton, MA-NH economy, suggesting a mature and active job market.
What does a Location Quotient of 1.14 mean for Financial Specialists?
A Location Quotient of 1.14 signifies that Financial Specialists, All Other are 14% more concentrated in Boston-Cambridge-Newton, MA-NH than the national average, implying higher demand and potentially more specialized opportunities.
How does the cost of living affect the $103,830 salary?
With a Cost of Living Index of 100, the $103,830 salary in Boston-Cambridge-Newton, MA-NH offers purchasing power equivalent to the national average, meaning the higher salary effectively compensates for the local economic conditions.
Are there many Financial Specialist jobs per 1,000 workers in Boston?
The rate of 0.943 jobs per 1,000 workers indicates a solid presence of Financial Specialist roles within the broader workforce of Boston-Cambridge-Newton, MA-NH, reflecting consistent employment opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,550 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 0.943 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 Specialists, All Other • Data source: BLS OEWS 2024 •Jobs in Boston-Cambridge-Newton, MA-NH