Average Management Analysts Salary in Springfield, MA
Management Analysts in Springfield, MA, command an impressive average annual salary of $120,950. This figure slightly surpasses the national average of $119,370, indicating a localized demand that supports competitive compensation. Factors such as the specific industry mix and the cost of doing business within the Springfield metropolitan area likely contribute to this favorable pay scale.
Executive Summary
- Average Salary: $120,950 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $169,760.
- Outlook: With a local workforce of 490 Management Analysts, Springfield, MA, presents a moderately sized but stable job market for this profession. The Location Quotient of 0.42 suggests that while the concentration of these roles is below the national average, the existing workforce indicates a consistent demand for their analytical and strategic expertise within the region.
Salary Overview
The average Management Analysts in Springfield, MA earns+1.3%above the national average.
$58.2
$2,326
$10,079
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is a general economic trend that salaries for skilled professionals like Management Analysts have seen consistent growth over the past four years, driven by inflation, increased demand for strategic insights, and evolving business needs across various sectors.
Management Analysts Salary Distribution in Springfield, MA
The salary trajectory for Management Analysts in Springfield, MA, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries well into 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) | $72,540 | $34.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $90,713 | $43.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $112,570 | $54.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $151,188 | $72.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $169,760 | $81.6 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$120,950
Gross Pay
Real Wage (Purchasing Power)
$120,950
Adjusted for COL (100)
For individuals considering a move to Springfield, MA, the nominal salary of $120,950 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a Management Analyst's salary in Springfield is equivalent to the national average, offering a stable financial foundation without the immediate pressure of higher living expenses.
Job Market Context
490
Total Jobs
2.459
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Springfield, MA has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.42 for Management Analysts in Springfield, MA, indicates that this profession is less concentrated locally compared to the national average. This suggests that while opportunities exist, the market may not be saturated, potentially offering a good balance for job seekers looking for specialized roles without intense competition.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Amherst Town-Northampton, MA Management Analysts Salary | $112,110↓ 7% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Management Analysts Salary | $114,810↓ 5% | 25 mi |
| Connecticut nonmetropolitan area Management Analysts Salary | $119,040↓ 2% | 37 mi |
| Worcester, MA Management Analysts Salary | $120,220↓ 1% | 39 mi |
| Pittsfield, MA Management Analysts Salary | $120,620↓ 0% | 44 mi |
Comparing salaries near Springfield, MA
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Springfield, MA?
The median annual salary for a Management Analysts in Springfield, MA is $120,950. This typically ranges from $72,540 for entry-level positions to $169,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 1.3% higher than the national median of $119,370.
Is Springfield, MA a lucrative place for Management Analysts?
Yes, Springfield, MA offers a lucrative environment for Management Analysts.The average salary of $120,950 exceeds the national average, and the cost of living is on par with the national index, providing strong purchasing power.
Is Springfield, MA a good place to live for Management Analysts?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($112,110) and Hartford-West Hartford-East Hartford, CT.
How does the Springfield, MA Management Analyst salary compare to the national average?
The average annual salary for Management Analysts in Springfield, MA is $120,950, which is slightly higher than the national average of $119,370.
What is the significance of the Location Quotient for Management Analysts in Springfield, MA?
A Location Quotient of 0.42 means that Management Analysts are less concentrated in Springfield, MA, compared to the national average, suggesting a potentially less competitive but stable job market.
Does the cost of living in Springfield, MA affect the value of a Management Analyst's salary?
No, the cost of living in Springfield, MA is exactly at the national average (100), meaning the $120,950 salary holds its purchasing power equivalent to the national average.
How many Management Analysts are there in Springfield, MA?
There are approximately 490 Management Analysts working in the Springfield, MA area, representing 2.459 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 490 employees in the Springfield, MA area with a job density of 2.459 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 Springfield, MA