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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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$61,460
25th Percentile Wage
$85,480
50th Percentile Wage
$121,600
75th Percentile Wage
$169,030
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 $169,030. The median (50th percentile) annual salary is $121,600. The average annual salary for the bottom 10 percent is $61,460.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$29.55
25th Percentile Wage
$41.10
50th Percentile Wage
$58.46
75th Percentile Wage
$81.26
90th Percentile Wage
No Data

Table 2 shows the average hourly salary for financial managers in Massachusetts in 5 percentile scales. The average hourly salary for the 75th percentile wage is $81.26. The median hourly salary is $58.46. The average hourly salary for the bottom 10 percent is $29.55.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of financial managers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016121,6004.71%5.70%
2015115,8701.17%-
2014114,5202.45%-
2013111,710-2.65%-
2012114,670--

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 $64,870 to $131,050. The highest paying area for financial managers in Massachusetts is Boston-Cambridge-Quincy with a median annual salary of $131,050. The second highest paying city/area in Massachusetts State is Boston-Cambridge-Quincy (mean annual salary $127,080). The lowest paying area is Nantucket Island and Marthas Vineyard nonmetropolitan area with a median annual salary of $64,870.

Cities/Areas Median Annual Salary
Boston-Cambridge-Quincy
$131,050
Boston-Cambridge-Quincy
$127,080
Framingham
$120,460
Peabody
$106,090
Worcester
$100,620
Brockton-Bridgewater-Easton
$96,010
New Bedford
$94,520
Barnstable Town
$91,540
Pittsfield
$89,760
Springfield
$89,540
Taunton-Norton-Raynham
$88,820
Leominster-Fitchburg-Gardner
$85,230
Southwest Massachusetts nonmetropolitan area
$72,990
North Central Massachusetts nonmetropolitan area
$71,950
Northwest Massachusetts nonmetropolitan area
$71,760
Nantucket Island and Marthas Vineyard nonmetropolitan area
$64,870


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