Massachusetts ranks near the top of the Northeast, with a mean of $129,680 that exceeds Connecticut ($129,040), New Jersey ($123,940), Rhode Island ($115,910), and Pennsylvania ($98,530), though it trails New York at $146,620. For employers, this means your compensation budget needs to reflect a high-cost regional market, particularly if candidates are also fielding offers from New York firms. Benchmarking against Connecticut is a reasonable proxy if you are hiring across state lines in New England.
Financial analyst salary in Massachusetts (2026)
In this article
The average financial analyst salary in Massachusetts is $129,680 per year. A small pool of very high earners pulls that average upward, so the median of $111,040 gives employers a more reliable starting point for most hiring decisions. Massachusetts employs 14,790 financial analysts, and the $18,640 gap between the mean and median reflects real variation in the candidate pool you will be evaluating. Junior financial analysts in Massachusetts typically earn around $77,940, while senior specialists reach and exceed the $205,320 level at the 90th percentile. Plan for a range rather than a single number when budgeting for a financial analyst hire, and anchor that range to the seniority and specialization of the role you are filling.
Metric / Value
Metric | Value |
Median Annual Salary | $111,040 |
Average Annual Salary | $129,680 |
vs. National Average | 11.0% above the national mean of $116,800 |
Data comes from the BLS OEWS and covers 14,790 employed financial analysts across Massachusetts.
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Financial analyst salary percentiles in Massachusetts
Percentile | Annual Salary |
10th Percentile | $77,940 |
25th Percentile | $90,190 |
75th Percentile | $161,530 |
90th Percentile | $205,320 |
Employers hiring entry-level financial analysts in Massachusetts should budget from $77,940, while offers for senior or specialized roles will need to reach $161,530 to $205,320 to remain competitive. The wide spread across these percentiles signals that experience level and specialization drive meaningful pay differences in this market, so calibrating your offer to the specific seniority of the role is essential.
Financial analyst salary by city in Massachusetts
City | Average Annual Salary |
Boston | $131,310 |
Barnstable | $120,900 |
Springfield | $113,950 |
Worcester | $110,540 |
Employers hiring outside Boston can expect to pay meaningfully less for financial analyst talent, which creates real budget flexibility for remote or regional roles. Boston averages $131,310 compared to $110,540 in Worcester, a difference of roughly $20,770 per year that compounds quickly across a team. If your role does not require a Boston presence, anchoring your offer to the Worcester or Springfield market rate is a defensible and cost-effective approach.
How Massachusetts compares to other states
State | Average Annual Salary | Median Annual Salary |
Massachusetts | $129,680 | $111,040 |
New York | $146,620 | $127,930 |
Connecticut | $129,040 | $109,500 |
New Jersey | $123,940 | $108,610 |
Rhode Island | $115,910 | $100,550 |
Pennsylvania | $98,530 | $84,460 |
Massachusetts sits in the upper tier of the Northeast for financial analyst compensation, making it a higher-cost market than most regional peers but still below New York. The Massachusetts mean of $129,680 tracks closely with Connecticut at $129,040, so employers competing for talent across state lines will find compensation expectations largely aligned between those two markets. New York commands a clear premium at $146,620, which matters if your candidates are weighing offers from New York-based firms.
Frequently asked questions about financial analyst salary in Massachusetts
How does Massachusetts compare to other states for financial analyst salary?
What do the top-earning financial analysts make in Massachusetts?
Financial analysts at the 90th percentile in Massachusetts earn $205,320 per year. Roles at this level typically involve senior investment analysis, portfolio management, or specialized quantitative work that commands a significant premium over the median. If you are hiring for a senior or highly specialized position, plan for your offer to approach or exceed this threshold to attract experienced candidates.
What is the salary range for a financial analyst in Massachusetts?
The salary range for financial analysts in Massachusetts runs from $77,940 at the 10th percentile to $205,320 at the 90th percentile. The middle of the market sits between $90,190 at the 25th percentile and $161,530 at the 75th percentile, which is where most hiring decisions will land. Use the 25th-to-75th percentile band as your primary budgeting range and adjust toward the upper end for candidates with specialized skills or significant experience.
What is the average financial analyst salary in Massachusetts?
The average financial analyst salary in Massachusetts is $129,680 per year, which sits 11.0% above the national mean of $116,800. The median of $111,040 is the more practical anchor for most offers, since a smaller group of high earners pulls the average above what most candidates will expect. Start your offer range at the median and move toward the mean or above for roles requiring advanced credentials or specialized expertise.
Financial Analyst salary by state
Data sourced from the U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), 2025, SOC code 13-2051 (Financial and Investment Analysts).
Disclaimer
Rippling and its affiliates do not provide tax, accounting, or legal advice. This material has been prepared for informational purposes only, and is not intended to provide or be relied on for tax, accounting, or legal advice. You should consult your own tax, accounting, and legal advisors before engaging in any related activities or transactions.
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