Financial Managers in Massachusetts
Considering a career as a Financial Manager in Massachusetts?
You’re in luck! Jobs for Financial Managers in Massachusetts are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Financial Managers in Massachusetts is growing faster than average.
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Financial Managers in Massachusetts earn higher salaries than the typical U.S. wage earner.
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How Many Financial Managers Work in Massachusetts?
In 2018, there were 33,880 Financial Managers working in the state.
There were 30,610 Financial Managers employed in this state in 2017.
That’s growth of 3,270 jobs between 2017 and 2018.
The typical state has 6,900 Financial Managers working in it, which means Massachusetts has more Financial Managers than average.
Job Projections for Massachusetts
Jobs for Financial Managers in this state are growing at a rate of 17.3% which is slower than the nationwide estimated projection of 18.7%.
Massachusetts Annual Job Openings
The BLS is projecting 2,600 annual Financial Managers job openings in Massachusetts, and 31,800 total jobs in the year 2026.
Nationwide, the prediction is 56,900 annual jobs and 689,000 total jobs in 2026.
What do Financial Managers Make in Massachusetts?
In 2018 wages for Financial Managers ranged from $66,480 to $208,000 with $130,180 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $31.96 to $100. The median hourly rate was $62.59.
Workers in this field were paid a median of $59.59 an hour in 2017.
The hourly rate grew by $3.00.
The median salary in Massachusetts is higher than the nationwide median salary.
Top Massachusetts Metros for Financial Managers
The table below shows some of the metros in this state with the most Financial Managers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Boston-Cambridge-Nashua, MA-NH | 29,480 | $135,340 |
| Providence-Warwick, RI-MA | 2,890 | $128,040 |
| Springfield, MA-CT | 1,850 | $100,890 |
| Worcester, MA-CT | 1,550 | $103,040 |
| Barnstable Town, MA | 500 | $93,710 |
| Pittsfield, MA | 280 | $94,560 |
| Leominster-Gardner, MA | 260 | $91,170 |
Top States for Financial Managers Employment
View the list below to see where most Financial Managers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 81,350 | $139,240 |
| New York | 42,460 | $194,820 |
| Illinois | 40,040 | $126,020 |
| Texas | 39,580 | $129,320 |
| Massachusetts | 33,880 | $130,180 |
| Florida | 29,050 | $114,190 |
| New Jersey | 21,340 | $157,490 |
| Ohio | 19,980 | $118,100 |
| Georgia | 17,840 | $127,830 |
| Pennsylvania | 17,730 | $138,980 |
| Tennessee | 15,870 | $95,970 |
| Connecticut | 15,750 | $144,500 |
| North Carolina | 15,730 | $131,610 |
| Minnesota | 15,610 | $121,210 |
| Virginia | 15,180 | $147,710 |
| Michigan | 14,760 | $116,300 |
| Washington | 13,010 | $123,430 |
| Maryland | 12,550 | $137,820 |
| Arizona | 11,400 | $103,910 |
| Iowa | 8,630 | $100,280 |
Below are the states where Financial Managers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $194,820 |
| New Jersey | $157,490 |
| Delaware | $152,180 |
| District of Columbia | $150,550 |
| Virginia | $147,710 |
| Colorado | $146,000 |
| Connecticut | $144,500 |
| California | $139,240 |
| Pennsylvania | $138,980 |
| Maryland | $137,820 |
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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