Average Management Analysts Salary in New York-Newark-Jersey City, NY-NJ
Management Analysts in the New York-Newark-Jersey City, NY-NJ metropolitan area command an impressive average annual salary of $129,500. This figure significantly surpasses the national average of $119,370, reflecting the high demand and specialized skill set required for these roles within this dynamic economic hub. The concentration of major corporations and complex business environments in the region directly contributes to this elevated compensation.
Executive Summary
- Average Salary: $129,500 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $206,590.
- Outlook: The job market for Management Analysts in New York-Newark-Jersey City is robust, evidenced by a substantial local workforce of 63,220 individuals. With a Location Quotient of 1.16, the concentration of these roles in the area is notably higher than the national average, indicating a strong and persistent demand for their analytical and strategic expertise within the region's diverse industries.
Salary Overview
The average Management Analysts in New York-Newark-Jersey City, NY-NJ earns+8.5%above the national average.
$62.3
$2,490
$10,792
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Management Analyst salaries in the New York-Newark-Jersey City area have experienced consistent growth over the past four years. Factors such as inflation, increasing demand for strategic consulting, and the evolving complexity of business challenges likely contribute to upward salary trends, mirroring national patterns for skilled professional roles.
Management Analysts Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Management Analysts is strongly tied to experience and demonstrated impact. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with a proven track record of driving significant business improvements can command salaries well above the average. The widening gap between entry-level and senior-level compensation underscores the significant career advancement and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $66,770 | $32.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $97,125 | $46.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $110,950 | $53.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $161,875 | $77.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $206,590 | $99.3 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$129,500
Gross Pay
Real Wage (Purchasing Power)
$129,500
Adjusted for COL (100)
With an average annual salary of $129,500 and a Cost of Living Index at the national average of 100, Management Analysts in the New York-Newark-Jersey City area enjoy strong purchasing power. The nominal salary effectively translates to a comfortable standard of living, as the cost of essential goods and services aligns with the national benchmark, allowing for greater disposable income compared to areas with a higher cost of living.
Job Market Context
63,220
Total Jobs
6.752
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, New York-Newark-Jersey City, NY-NJ has a slightly higher-than-average concentration of Management Analysts roles compared to the national norm.
The Location Quotient of 1.16 for Management Analysts in New York-Newark-Jersey City signifies a market where these professionals are more concentrated than the national average. This suggests a competitive yet abundant job market, where employers actively seek out skilled analysts, and a larger pool of talent exists to fill these specialized roles, fostering a dynamic environment for both job seekers and hiring managers.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Management Analysts Salary | $128,140↓ 1% | 44 mi |
| Trenton-Princeton, NJ Management Analysts Salary | $101,520↓ 22% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Management Analysts Salary | $142,660↑ 10% | 54 mi |
| New Haven, CT Management Analysts Salary | $99,270↓ 23% | 70 mi |
| Waterbury-Shelton, CT Management Analysts Salary | $117,510↓ 9% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
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Frequently Asked Questions
How much does a Management Analysts make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Management Analysts in New York-Newark-Jersey City, NY-NJ is $129,500. This typically ranges from $66,770 for entry-level positions to $206,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 8.5% higher than the national median of $119,370.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Management Analysts?
Yes, it is a highly lucrative area for Management Analysts.The average salary of $129,500 significantly exceeds the national average, and the cost of living is at the national average, indicating strong earning potential and purchasing power.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Management Analysts?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($128,140) and Trenton-Princeton, NJ.
How does the Management Analyst salary in NY-NJ compare to the national average?
Management Analysts in the NY-NJ area earn an average of $129,500 annually, which is approximately $10,130 more than the national average of $119,370.
What is the concentration of Management Analysts in the NY-NJ area?
The Location Quotient of 1.16 indicates that Management Analysts are 16% more concentrated in the NY-NJ area compared to the national average, suggesting a higher demand relative to the general workforce.
How does the cost of living affect the Management Analyst salary in NY-NJ?
With a Cost of Living Index of 100, the national average, the $129,500 salary offers a purchasing power equivalent to the national average, making it a financially sound location for this profession.
What does the number of jobs per 1,000 workers suggest for Management Analysts in NY-NJ?
With 6.752 jobs per 1,000 workers, there is a healthy presence of Management Analyst roles within the local economy, indicating consistent employment opportunities for professionals in this field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 63,220 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 6.752 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 New York-Newark-Jersey City, NY-NJ