Financial Manager Salary in Massachusetts
Based on 26K+ workers in Massachusetts
Median Annual Salary (MA)
$206,760
$99.40/hr
vs National Average
$150,742
+37.2% vs national median
Salary Range (10th–90th)
$121K – $332K
26K employed in Massachusetts
Financial Manager salary in Massachusetts averages $206,760 annually, placing the state among the highest-paying regions in the nation. This figure sits 37% above the national average, reflecting the state's robust financial services sector and concentration of major corporations. With approximately 26,150 financial managers employed statewide, Massachusetts offers substantial opportunities in this lucrative field.
Compensation for financial managers in Massachusetts varies significantly based on industry, company size, and individual experience. The salary range spans from $120,850 to $332,490, reflecting differences in specialization, educational background, and career progression. Boston's status as a major financial hub, combined with the state's high cost of living, contributes to these elevated salary levels compared to other regions.
Salary Distribution — Financial Manager in Massachusetts
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $120,850 |
| 25th percentile | $161,870 |
| Median (50th percentile) | $206,760 |
| 75th percentile | $287,520 |
| 90th percentile | $332,490 |
Top-Paying Industries for Financial Manager (U.S.)
Which industries pay Financial Managers the most — nationwide figures (industry-level data is not available by state). Financial Managers in Massachusetts tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Information | $205,070 | 24K |
| Mining, Quarrying, and Oil and Gas Extraction | $193,560 | 4K |
| Utilities | $175,360 | 5K |
| Professional, Scientific, and Technical Services | $174,170 | 123K |
| Management of Companies and Enterprises | $172,340 | 94K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Financial Manager in Massachusetts vs National
| Year | Median Salary (Massachusetts) |
|---|---|
| 2022 | $155,400 |
| 2023 | $169,870 |
| 2024 | $181,170 |
| 2025 | $206,760 |
| 2026 (projected) | $219,166 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Massachusetts Median | National Median |
|---|---|---|
| 2022 | $155,400 | $131,705 |
| 2023 | $169,870 | $138,788 |
| 2024 | $181,170 | $144,016 |
| 2025 | $206,760 | $150,742 |
| 2026 (projected) | $219,166 | $159,787 |
Financial Manager Salary by Experience Level in Massachusetts
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $161,870 |
| Mid-level | 3-5 yrs | $206,760 |
| Senior | 6-9 yrs | $287,520 |
| Staff / Lead | 10+ yrs | $332,490 |
Financial Manager Salary in Other States
Related Financial Manager Salaries in Massachusetts
How other high-demand occupations in Massachusetts compare to Financial Manager ($206,760 median).
| Occupation | Median Salary | vs Financial Manager | Hourly |
|---|---|---|---|
| Actuary in MA | $126,040 | -39.0% | $60.60/hr |
| Personal Financial Advisor in MA | $125,670 | -39.2% | $60.42/hr |
| Financial Examiner in MA | $111,110 | -46.3% | $53.42/hr |
| Financial Analyst in MA | $111,040 | -46.3% | $53.38/hr |
| Economist in MA | $106,380 | -48.5% | $51.14/hr |
| Compliance Officer in MA | $102,060 | -50.6% | $49.07/hr |
| Loan Officer in MA | $101,600 | -50.9% | $48.85/hr |
| Securities Sales Agent in MA | $100,310 | -51.5% | $48.23/hr |
| Tax Examiner in MA | $99,970 | -51.6% | $48.06/hr |
| Accountant in MA | $99,460 | -51.9% | $47.82/hr |
| Credit Analyst in MA | $97,080 | -53.0% | $46.67/hr |
| Budget Analyst in MA | $92,260 | -55.4% | $44.36/hr |
Frequently Asked Questions
How much do financial managers make in Massachusetts?
- Financial managers in Massachusetts earn a median salary of $206,760 per year, or approximately $99 per hour. This is significantly higher than the national average, representing a 37.2% premium for the state.
What is the salary range for financial managers in Massachusetts?
- Financial manager salaries in Massachusetts range from $120,850 at the lower end to $332,490 at the upper end. This wide range reflects differences in experience, company size, and specific role responsibilities.
Is being a financial manager in Massachusetts worth it compared to the national average?
- Yes, financial managers in Massachusetts earn 37.2% more than the national average, with a median salary of $206,760 versus lower national figures. This makes Massachusetts one of the most lucrative states for this profession.
How many financial managers work in Massachusetts?
- There are approximately 26,150 financial managers employed in Massachusetts. This substantial workforce indicates strong demand and numerous career opportunities in the state's finance sector.