Average Management Analysts Salary in Baltimore-Columbia-Towson, MD
Management Analysts in the Baltimore-Columbia-Towson, MD area command an impressive average annual salary of $121,240, slightly exceeding the national average of $119,370. This localized premium is often driven by the specific industry demands and the concentration of businesses requiring strategic operational expertise within the region.
Executive Summary
- Average Salary: $121,240 per year.
- Growth Trend: Salaries have shifted 21.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $168,880.
- Outlook: With a local workforce of 8,520 Management Analysts, the Baltimore-Columbia-Towson metropolitan area demonstrates a significant presence in this field. The Location Quotient of 1.1 indicates a concentration of these roles that is slightly above the national average, suggesting a robust and stable job market with consistent demand for analytical and strategic professionals.
Salary Overview
The average Management Analysts in Baltimore-Columbia-Towson, MD earns+1.6%above the national average.
$58.3
$2,332
$10,103
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Management Analyst salaries in the Baltimore-Columbia-Towson area have experienced steady growth over the past four years, mirroring national trends. Factors such as increased demand for efficiency, evolving business landscapes, and inflation likely contribute to a positive salary trajectory for these professionals.
Management Analysts Salary Distribution in Baltimore-Columbia-Towson, MD
The career path for Management Analysts typically involves significant salary progression based on experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles reflects the increasing value and responsibility associated with advanced analytical and strategic capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $75,230 | $36.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $90,930 | $43.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $121,870 | $58.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $151,550 | $72.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $168,880 | $81.2 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$121,240
Gross Pay
Real Wage (Purchasing Power)
$121,240
Adjusted for COL (100)
The nominal average salary of $121,240 in Baltimore-Columbia-Towson aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Management Analyst's salary in this region is equivalent to the national average, offering a stable financial environment without significant cost-of-living pressures.
Job Market Context
8,520
Total Jobs
6.355
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Baltimore-Columbia-Towson, MD has a slightly higher-than-average concentration of Management Analysts roles compared to the national norm.
A Location Quotient of 1.1 for Management Analysts in Baltimore-Columbia-Towson signifies a job market that is 10% more concentrated than the national average. This suggests a healthy demand for these professionals, indicating that the market is competitive but also offers ample opportunities for skilled individuals to find employment and advance their careers.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Management Analysts Salary | $111,930↓ 8% | 19 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Management Analysts Salary | $131,060↑ 8% | 35 mi |
| York-Hanover, PA Management Analysts Salary | $109,800↓ 9% | 47 mi |
| Gettysburg, PA Management Analysts Salary | $110,520↓ 9% | 50 mi |
| Lancaster, PA Management Analysts Salary | $100,960↓ 17% | 55 mi |
Comparing salaries near Baltimore-Columbia-Towson, MD
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Frequently Asked Questions
How much does a Management Analysts make in Baltimore-Columbia-Towson, MD?
The median annual salary for a Management Analysts in Baltimore-Columbia-Towson, MD is $121,240. This typically ranges from $75,230 for entry-level positions to $168,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baltimore-Columbia-Towson, MD is 1.6% higher than the national median of $119,370.
Is Baltimore-Columbia-Towson, MD a lucrative place for Management Analysts?
Yes, it is a lucrative area for Management Analysts.The average salary of $121,240 is higher than the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Baltimore-Columbia-Towson, MD a good place to live for Management Analysts?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baltimore-Columbia-Towson, MD?
Some top paying nearby cities include Maryland nonmetropolitan area ($111,930) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
What is the average salary for a Management Analyst in Baltimore-Columbia-Towson, MD?
The average annual salary for a Management Analyst in Baltimore-Columbia-Towson, MD is $121,240.
How does the Baltimore-Columbia-Towson salary compare to the national average?
The average salary in Baltimore-Columbia-Towson ($121,240) is slightly higher than the national average ($119,370).
What is the Cost of Living Index in Baltimore-Columbia-Towson, MD?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100, which is the national average.
How concentrated is the Management Analyst job market in this area?
The job market is slightly more concentrated than the national average, with a Location Quotient of 1.1, suggesting good demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,520 employees in the Baltimore-Columbia-Towson, MD area with a job density of 6.355 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 Baltimore-Columbia-Towson, MD