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Financial Manager Salary Information in Massachusetts

The average annual and hourly salaries for financial managers in the state of Massachusetts are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of financial managers amongst Massachusetts areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Financial Managers in Massachusetts

Percentile BracketAverage Annual Salary
10th Percentile Wage
$64,040
25th Percentile Wage
$87,280
50th Percentile Wage
$123,950
75th Percentile Wage
$174,160
90th Percentile Wage
No Data

Table 1 shows the average annual salary for financial managers in Massachusetts in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $174,160. The median (50th percentile) annual salary is $123,950. The average annual salary for the bottom 10 percent is $64,040.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of financial managers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$123,950
1.90% 7.49%
2016
$121,600
4.71% -
2015
$115,870
1.17% -
2014
$114,520
2.45% -
2013
$111,710
-2.65% -
2012
$114,670
- -

Table 3. Median Annual Salary of Financial Managers in Massachusetts Cities

Table 3 shows the median annual salary of financial managers in some Massachusetts cities and metropolitan areas. We note that the median annual salary of financial managers in state of Massachusetts ranges from $70,170 to $132,750. The highest paying area for financial managers in Massachusetts is Boston-Cambridge-Quincy with a median annual salary of $132,750. The second highest paying city/area in Massachusetts State is Boston-Cambridge-Quincy (mean annual salary $129,000). The lowest paying area is Southwest Massachusetts nonmetropolitan area with a median annual salary of $70,170.

Cities/Areas Median Annual Salary
Boston-Cambridge-Quincy
$132,750
Boston-Cambridge-Quincy
$129,000
Framingham
$120,150
Peabody
$113,160
Brockton-Bridgewater-Easton
$108,750
Worcester
$107,630
Northwest Massachusetts nonmetropolitan area
$96,880
New Bedford
$96,260
Barnstable Town
$94,840
Taunton-Norton-Raynham
$92,430
Springfield
$92,270
Pittsfield
$91,660
Nantucket Island and Marthas Vineyard nonmetropolitan area
$78,600
Leominster-Fitchburg-Gardner
$76,900
North Central Massachusetts nonmetropolitan area
$76,180
Southwest Massachusetts nonmetropolitan area
$70,170




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