Business & Finance Worcester, MA Pop. 206,518

Financial Advisor Salary in Worcester, Massachusetts

The median financial advisor salary in Worcester, MA is $111,606 per year, which is 17.0% above the national median and 17.6% below the Massachusetts state average.

City Median
$111,606
vs State Avg
$-23,848
vs National
+$16,216
Cost of Living
110%

Financial Advisor Salary in Worcester by Experience

In Worcester, an entry-level financial advisor earns around $56,160, while experienced professionals earn up to $210,600 per year. The local cost of living index is 110% of the national average.

Entry Level (0-2 yrs)
$56,160
+$8,160 vs national
Mid Level (3-7 yrs)
$111,150
+$16,150 vs national
Senior Level (8+ yrs)
$210,600
+$30,600 vs national

Salary Percentiles in Worcester, MA

Percentile Worcester
10th Percentile $51,948
25th Percentile $73,008
Median (50th) $111,606
75th Percentile $174,330
90th Percentile $279,630

Financial Advisor Salary in Other Massachusetts Cities

Cambridge, MA
$159,301
Pop. 118,403
Boston, MA
$151,670
Pop. 675,647
Lowell, MA
$106,837
Pop. 115,554
Springfield, MA
$100,160
Pop. 155,929

How to Become a Financial Advisor in Worcester

Education

Most financial advisor positions require a bachelor's degree. Worcester and the surrounding Massachusetts area have institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Worcester may vary based on local industry and population growth.

Find Financial Advisor Jobs in Worcester

Browse open financial advisor positions in Worcester, MA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Worcester

How much does a Financial Advisor make in Worcester, MA? ▼
The median financial advisor salary in Worcester, Massachusetts is $111,606 per year, which is 17.0% above the national median of $95,390. Salaries range from $51,948 (10th percentile) to $279,630 (90th percentile).
How much does a Financial Advisor make per hour in Worcester? ▼
Based on the median annual salary of $111,606, a financial advisor in Worcester earns approximately $54 per hour assuming a standard 2,080-hour work year.
How does Worcester compare to the Massachusetts state average for financial advisor pay? ▼
Worcester's median financial advisor salary of $111,606 is 17.6% below the Massachusetts state average of $135,454. The local cost of living index is 110% of the national average.
What is the cost of living in Worcester, MA? ▼
Worcester has a cost of living index of 110% compared to the national average. This means a financial advisor salary of $111,606 in Worcester has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Worcester? ▼
Most financial advisor positions in Worcester require a bachelor's degree. Key skills include Investment Planning, Portfolio Management, Tax Planning, Client Relations. The job market is projected to grow 13% nationally over the next decade.