The annual and hourly salary statistics of financial managers in Worcester, Massachusetts are shown in Table 1 and Table 2, respectively. The wage data of financial managers in Worcester is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 .
|Percentile Bracket||Average Annual Salary|
|10th Percentile Wage||$60,830|
|25th Percentile Wage||$75,370|
|50th Percentile Wage||$107,630|
|75th Percentile Wage||$154,310|
|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 $154,310. The median (50th percentile) annual salary is $107,630. The average annual salary for the bottom 10 percent earners is $60,830.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2017.
|Year||Median Salary||Yearly Growth||5-Year Growth|
From Table 3 we note that the median annual salary of $107,630 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 18.9 percent (18.9%) lower than that in the highest paying Boston-Cambridge-Quincy and 34.8 percent (34.8%) higher than that in the lowest paying Southwest Massachusetts nonmetropolitan area.
|Cities/Areas||Median Annual Salary|
|Northwest Massachusetts nonmetropolitan area|| |
|New Bedford|| |
|Barnstable Town|| |
|Nantucket Island and Marthas Vineyard nonmetropolitan area|| |
|North Central Massachusetts nonmetropolitan area|| |
|Southwest Massachusetts nonmetropolitan area|| |