Average Management Occupations Salary in Maryland
Management Occupations in Maryland command an impressive average annual salary of $142,190, a figure that closely mirrors the national average of $143,930. This slight divergence is often influenced by Maryland's robust economic landscape and a concentration of industries that necessitate skilled managerial talent, driving competitive compensation.
Executive Summary
- Average Salary: $142,190 per year.
- Growth Trend: Salaries have shifted 7.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $226,700.
- Outlook: With a substantial local workforce of 257,470 individuals in Management Occupations, and a Location Quotient of 1.32, Maryland demonstrates a significant concentration of these roles compared to the national average. This indicates a robust and potentially growing demand for management professionals within the state, suggesting a healthy job market for those in or aspiring to these positions.
Salary Overview
The average Management Occupations in Maryland earns-1.2%below the national average.
$68.4
$2,734
$11,849
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Management Occupations in Maryland have experienced consistent growth over the past four years, aligning with broader economic trends and the increasing complexity of business operations. This upward trajectory likely reflects a sustained demand for experienced leadership and strategic oversight within the state's diverse industries.
Management Occupations Salary Distribution in Maryland
The career path for Management Occupations typically involves significant salary progression based on experience. Entry-level management roles might start at lower percentiles, while senior leadership positions, characterized by greater responsibility and strategic impact, command salaries in the upper percentiles. The widening gap between lower and upper salary percentiles signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,050 | $29.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $106,643 | $51.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $129,000 | $62 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $177,738 | $85.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $226,700 | $109 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$142,190
Gross Pay
Real Wage (Purchasing Power)
$113,661
Adjusted for COL (125.1)
Maryland's average annual salary of $142,190 for Management Occupations is positioned against a Cost of Living Index of 125.1, which is 25.1% higher than the national average. This means that while the nominal salary is strong, the purchasing power of that income is somewhat reduced due to the higher cost of goods and services in the state, requiring careful financial planning for residents.
Job Market Context
257,470
Total Jobs
93.752
Per 1K Jobs
1.32
Location Quotient
With a location quotient of 1.32, Maryland has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
The Location Quotient of 1.32 for Management Occupations in Maryland signifies that these roles are 32% more concentrated in the state than the national average. This suggests a more abundant and competitive job market for management professionals in Maryland, potentially offering more opportunities but also indicating a higher level of competition for desirable positions.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV Management Occupations Salary | $169,510↑ 19% | 17 mi |
| Baltimore-Columbia-Towson, MD Management Occupations Salary | $140,370↓ 1% | 19 mi |
| Gettysburg, PA Management Occupations Salary | $107,170↓ 25% | 58 mi |
| Lexington Park, MD Management Occupations Salary | $132,670↓ 7% | 59 mi |
| York-Hanover, PA Management Occupations Salary | $120,140↓ 16% | 62 mi |
Comparing salaries near Maryland
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Maryland?
The median annual salary for a Management Occupations in Maryland is $142,190. This typically ranges from $62,050 for entry-level positions to $226,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Maryland is 1.2% lower than the national median of $143,930.
Is Maryland a lucrative place for Management Occupations?
Yes, Maryland offers a lucrative environment for Management Occupations.The average salary of $142,190 is competitive with the national average, and the high concentration of these roles (LQ 1.32) indicates strong demand and opportunity within the state.
Is Maryland a good place to live for Management Occupations?
The Cost of Living Index in Maryland is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Maryland?
Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($169,510) and Baltimore-Columbia-Towson, MD.
How does Maryland's management salary compare to the national average?
The average annual salary for Management Occupations in Maryland is $142,190, which is slightly below the national average of $143,930, but still represents a very competitive compensation level.
What is the significance of the Location Quotient in Maryland?
A Location Quotient of 1.32 means that Management Occupations are 32% more concentrated in Maryland than the national average, indicating a stronger presence and potentially higher demand for these roles within the state.
How does the cost of living affect the salary in Maryland?
With a Cost of Living Index of 125.1, Maryland is more expensive than the national average. Therefore, the $142,190 salary needs to be considered in the context of higher living expenses, impacting overall purchasing power.
What does the total local workforce number imply for management jobs?
The total local workforce of 257,470 in Management Occupations highlights the substantial size and importance of this sector within Maryland's economy, suggesting a significant number of available positions and a developed professional network.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 257,470 employees in the Maryland area with a job density of 93.752 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 Occupations • Data source: BLS OEWS 2024 •Jobs in Maryland