Average Management Analysts Salary in Albany-Schenectady-Troy, NY
Management Analysts in the Albany-Schenectady-Troy, NY area earn an average annual salary of $91,920. This figure is notably below the national average of $119,370, suggesting that local market dynamics, such as industry demand and the specific economic landscape of the Capital Region, play a significant role in compensation levels.
Executive Summary
- Average Salary: $91,920 per year.
- Growth Trend: Salaries have shifted 16.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,270.
- Outlook: The Albany-Schenectady-Troy region supports a local workforce of 3,240 Management Analysts. With a Location Quotient of 1.26, indicating a concentration 26% higher than the national average, the demand for these professionals in this specific metropolitan area is robust, suggesting a stable and potentially growing job market for this role.
Salary Overview
The average Management Analysts in Albany-Schenectady-Troy, NY earns-23.0%below the national average.
$44.2
$1,768
$7,660
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that Management Analyst salaries across the nation, including in Albany-Schenectady-Troy, have experienced steady growth over the past four years. This trend is typically driven by increasing demand for strategic planning and operational efficiency services, coupled with inflation and a competitive labor market.
Management Analysts Salary Distribution in Albany-Schenectady-Troy, NY
Salary progression for Management Analysts is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more, often reaching into the upper percentiles. The widening gap between entry-level and senior roles reflects the value placed on expertise and proven track records in strategic analysis and implementation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,250 | $28 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,940 | $33.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,780 | $39.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,900 | $55.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,270 | $63.1 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$91,920
Gross Pay
Real Wage (Purchasing Power)
$91,920
Adjusted for COL (100)
The average annual salary of $91,920 for Management Analysts in Albany-Schenectady-Troy aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of this salary is equivalent to the national average, providing a stable financial foundation for residents without the added pressure of a significantly higher or lower cost of living.
Job Market Context
3,240
Total Jobs
7.308
Per 1K Jobs
1.26
Location Quotient
With a location quotient of 1.26, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Management Analysts roles compared to the national norm.
A Location Quotient of 1.26 for Management Analysts in Albany-Schenectady-Troy signifies a higher concentration of these roles compared to the national average. This suggests that the market is relatively more abundant with opportunities for Management Analysts in this region, potentially leading to increased competition for roles but also indicating a strong presence and demand for their specialized skills within the local economy.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Management Analysts Salary | $120,620↑ 31% | 31 mi |
| Glens Falls, NY Management Analysts Salary | $97,100↑ 6% | 45 mi |
| Southwest New York nonmetropolitan area Management Analysts Salary | $100,190↑ 9% | 68 mi |
| Central East New York nonmetropolitan area Management Analysts Salary | $107,270↑ 17% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Management Analysts make in Albany-Schenectady-Troy, NY?
The median annual salary for a Management Analysts in Albany-Schenectady-Troy, NY is $91,920. This typically ranges from $58,250 for entry-level positions to $131,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 23.0% lower than the national median of $119,370.
Is Albany-Schenectady-Troy, NY a lucrative place for Management Analysts?
No, not when compared to the national average.While the local salary of $91,920 is substantial, it falls below the national average of $119,370. However, the cost of living is at the national average, making the effective purchasing power comparable.
Is Albany-Schenectady-Troy, NY a good place to live for Management Analysts?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($120,620) and Glens Falls, NY.
How does the local Management Analyst salary compare to the national average?
The average annual salary for Management Analysts in Albany-Schenectady-Troy, NY is $91,920, which is lower than the national average of $119,370.
What is the concentration of Management Analysts in Albany-Schenectady-Troy, NY?
The concentration, measured by the Location Quotient, is 1.26, indicating that Management Analysts are 26% more prevalent in this area than the national average.
How does the cost of living in Albany-Schenectady-Troy, NY affect the salary?
The cost of living index is 100, which is the national average. This means the $91,920 salary has the same purchasing power as it would nationally, without being diminished by higher living expenses.
What does a Location Quotient of 1.26 mean for job seekers?
A Location Quotient of 1.26 suggests a higher demand and concentration of Management Analysts in the Albany-Schenectady-Troy area compared to the rest of the country, potentially offering more opportunities but also indicating a competitive market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,240 employees in the Albany-Schenectady-Troy, NY area with a job density of 7.308 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Management Analysts • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY