Average Management Analysts Salary in Madison, WI
Management Analysts in Madison, WI, command an average annual salary of $108,640. This figure is notably below the national average of $119,370, suggesting that while Madison offers a competitive market, specific local economic factors or industry concentrations may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $108,640 per year.
- Growth Trend: Salaries have shifted 22.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $177,130.
- Outlook: With a local workforce of 3,350 Management Analysts, Madison, WI, demonstrates a significant presence in this field. The Location Quotient of 1.43 indicates a higher concentration of these professionals than the national average, suggesting a robust and potentially growing demand for their analytical and strategic expertise within the region's business ecosystem.
Salary Overview
The average Management Analysts in Madison, WI earns-9.0%below the national average.
$52.2
$2,089
$9,053
Management Analysts Salary Trends (2020-2024)
While specific historical data for Madison, WI is not provided, it is generally assumed that Management Analyst salaries nationwide have experienced steady growth over the past four years, driven by increasing business complexity and the demand for strategic guidance. This trend likely extends to Madison, where the concentration of analysts suggests a dynamic market that adapts to evolving economic conditions and professional service needs.
Management Analysts Salary Distribution in Madison, WI
The salary trajectory for Management Analysts in Madison, WI, typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, significantly exceeding the average. These percentile gaps highlight the substantial career progression and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,270 | $30.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $81,480 | $39.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $97,680 | $47 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $135,800 | $65.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $177,130 | $85.2 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$108,640
Gross Pay
Real Wage (Purchasing Power)
$108,640
Adjusted for COL (100)
A nominal salary of $108,640 in Madison, WI, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Management Analyst's salary in Madison is equivalent to that of their counterparts in a typical U.S. city, making it a financially stable location for professionals in this role.
Job Market Context
3,350
Total Jobs
8.267
Per 1K Jobs
1.43
Location Quotient
With a location quotient of 1.43, Madison, WI has a slightly higher-than-average concentration of Management Analysts roles compared to the national norm.
The Location Quotient of 1.43 for Management Analysts in Madison, WI, signifies a market that is 43% more concentrated than the national average. This suggests a strong and established presence of these professionals, indicating a competitive environment where businesses actively seek their skills, potentially leading to specialized opportunities and a higher demand for experienced analysts.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Management Analysts Salary | $100,440↓ 8% | 33 mi |
| Rockford, IL Management Analysts Salary | $116,390↑ 7% | 59 mi |
| Fond du Lac, WI Management Analysts Salary | $113,270↑ 4% | 68 mi |
| Milwaukee-Waukesha, WI Management Analysts Salary | $116,560↑ 7% | 72 mi |
| Oshkosh-Neenah, WI Management Analysts Salary | $112,190↑ 3% | 77 mi |
Comparing salaries near Madison, WI
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Frequently Asked Questions
How much does a Management Analysts make in Madison, WI?
The median annual salary for a Management Analysts in Madison, WI is $108,640. This typically ranges from $63,270 for entry-level positions to $177,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 9.0% lower than the national median of $119,370.
Is Madison, WI a lucrative place for Management Analysts?
Yes, with caveats.Madison, WI offers a strong concentration of Management Analysts (LQ 1.43) and a cost of living that matches the national average, making the $108,640 salary competitive. However, the average salary is slightly below the national average, indicating potential for higher earnings in other major metropolitan areas.
Is Madison, WI a good place to live for Management Analysts?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($100,440) and Rockford, IL.
How does Madison's Management Analyst salary compare to the national average?
The average annual salary for Management Analysts in Madison, WI is $108,640, which is approximately 9% lower than the national average of $119,370.
What is the job concentration for Management Analysts in Madison, WI?
Madison, WI has a Location Quotient of 1.43 for Management Analysts, meaning the concentration of these jobs is 43% higher than the national average.
How does the cost of living in Madison, WI affect salary perception?
With a Cost of Living Index of 100, Madison, WI is at the national average. This means the $108,640 salary provides purchasing power equivalent to the national average, making it a stable financial environment.
What is the total number of Management Analysts in Madison, WI?
There are approximately 3,350 Management Analysts working in Madison, WI, indicating a substantial local workforce in this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,350 employees in the Madison, WI area with a job density of 8.267 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 Madison, WI