Average Management Analysts Salary in Indianapolis-Carmel-Greenwood, IN
Management Analysts in the Indianapolis-Carmel-Greenwood, IN area earn an average annual salary of $103,360. This figure is notably below the national average of $119,370, suggesting that local market dynamics and demand play a significant role in compensation for this profession within the region.
Executive Summary
- Average Salary: $103,360 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $162,850.
- Outlook: With a local workforce of 5,410 Management Analysts, the Indianapolis-Carmel-Greenwood area demonstrates a substantial presence in this field. The Location Quotient of 0.85 indicates a concentration slightly below the national average, suggesting a stable but not overly saturated market for these professionals.
Salary Overview
The average Management Analysts in Indianapolis-Carmel-Greenwood, IN earns-13.4%below the national average.
$49.7
$1,988
$8,613
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that Management Analyst salaries across the nation, including in metropolitan areas like Indianapolis, have experienced steady growth over the past four years. This trend is driven by the increasing demand for strategic planning and operational efficiency services across various industries.
Management Analysts Salary Distribution in Indianapolis-Carmel-Greenwood, IN
The salary trajectory for Management Analysts typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project management and analytical expertise can command salaries in the upper percentiles, reflecting their increased value and contribution to organizational success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,450 | $26.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,520 | $37.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $93,770 | $45.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $129,200 | $62.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $162,850 | $78.3 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$103,360
Gross Pay
Real Wage (Purchasing Power)
$103,360
Adjusted for COL (100)
The average salary of $103,360 in Indianapolis-Carmel-Greenwood aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents.
Job Market Context
5,410
Total Jobs
4.934
Per 1K Jobs
0.85
Location Quotient
Indianapolis-Carmel-Greenwood, IN has 0.85x the national average concentration of Management 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 0.85 for Management Analysts in Indianapolis-Carmel-Greenwood suggests that the profession is slightly less concentrated than the national average. This implies a competitive job market where demand is present but perhaps not as intense as in other, more specialized hubs, offering a balanced environment for job seekers.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Management Analysts Salary | $83,360↓ 19% | 8 mi |
| Southern Indiana nonmetropolitan area Management Analysts Salary | $95,230↓ 8% | 8 mi |
| Central Indiana nonmetropolitan area Management Analysts Salary | $85,870↓ 17% | 8 mi |
| Columbus, IN Management Analysts Salary | $92,370↓ 11% | 41 mi |
| Bloomington, IN Management Analysts Salary | $111,440↑ 8% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Management Analysts in Indianapolis-Carmel-Greenwood, IN is $103,360. This typically ranges from $55,450 for entry-level positions to $162,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Indianapolis-Carmel-Greenwood, IN is 13.4% lower than the national median of $119,370.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Management Analysts?
No, it is not exceptionally lucrative compared to the national average.While the average salary of $103,360 is substantial, it falls below the national average of $119,370. However, the cost of living is at the national average, offering fair purchasing power.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Management Analysts?
The Cost of Living Index in Indianapolis-Carmel-Greenwood, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Indianapolis-Carmel-Greenwood, IN?
Some top paying nearby cities include Northern Indiana nonmetropolitan area ($83,360) and Southern Indiana nonmetropolitan area.
How does the Indianapolis Management Analyst salary compare to the national average?
The average salary for Management Analysts in Indianapolis is $103,360, which is $16,010 less than the national average of $119,370.
What is the concentration of Management Analysts in Indianapolis?
The Location Quotient is 0.85, indicating that Management Analysts are slightly less concentrated in Indianapolis compared to the national average.
How does the cost of living in Indianapolis affect the salary?
With a Cost of Living Index of 100, the same as the national average, the $103,360 salary in Indianapolis offers purchasing power equivalent to the national average.
How many Management Analysts are there in the Indianapolis area?
There are approximately 5,410 Management Analysts working in the Indianapolis-Carmel-Greenwood, IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,410 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 4.934 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 Indianapolis-Carmel-Greenwood, IN