National » Financial Managers » Worcester

Financial Manager Salary Information in Worcester, Massachusetts

The annual and hourly salary statistics of financial managers in Worcester, Massachusetts are shown in Table 1 and Table 2, respectively. The wage information of financial managers in Worcester is 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 & Table 2. Annual & Hourly Salaries of Financial Managers in Worcester, Massachusetts

Percentile BracketAverage Annual Salary
10th Percentile Wage
$55,870
25th Percentile Wage
$72,480
50th Percentile Wage
$100,620
75th Percentile Wage
$149,410
90th Percentile Wage
No Data

Table 1 shows the average annual salary for financial managers in Worcester, Massachusetts in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $149,410. The median (50th percentile) annual salary is $100,620. The average annual salary for the bottom 10 percent earners is $55,870.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$26.86
25th Percentile Wage
$34.85
50th Percentile Wage
$48.37
75th Percentile Wage
$71.83
90th Percentile Wage
No Data

Table 2 shows the average hourly salary for financial managers in Worcester, Massachusetts. The average hourly salary for the 75th percentile wage is $71.83. The median hourly salary is $48.37. The average hourly salary for the bottom 10 percent is $26.86.

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
2016100,62011.62%-14.97%
201588,930-3.76%-
201492,270-6.59%-
201398,350-17.62%-
2012115,680--

Table 3. Compare Financial Manager Salary in Worcester with Other Massachusetts Cities

From Table 3 we note that the median annual salary of $100,620 in Worcester is in the middle of salary range for financial managers in state of Massachusetts. In comparison, the annual salary of financial managers in Worcester is 23.2 percent (23.2%) lower than that in the highest paying Boston-Cambridge-Quincy and 35.5 percent (35.5%) higher than that in the lowest paying Nantucket Island and Marthas Vineyard nonmetropolitan area.

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

See also: Top paying jobs in Worcester, Massachusetts.