Business & Finance Massachusetts (MA) Rank #2 of 50

Financial Analyst Salary in Massachusetts

The median financial analyst salary in Massachusetts is $135,014 per year, which is 42.0% above the national median of $95,080.

Median Salary
$135,014
vs National
+$39,934
State Rank
#2 of 50
Cost of Living
135%

Financial Analyst Salary Overview in Massachusetts (2026)

Massachusetts ranks #2 out of 50 states for financial analyst compensation. This places Massachusetts in the top tier nationally, making it one of the best states for financial analysts seeking high pay. At $135,014 per year, financial analysts in Massachusetts earn $39,934 more than the national median of $95,080.

It's worth noting that Massachusetts's cost of living is 135% of the national average, which reduces the real purchasing power of the $135,014 salary. After adjusting for cost of living, the effective salary is closer to $100,010.

The salary spread in Massachusetts is significant: financial analysts at the 10th percentile earn $81,224, while those at the 90th percentile bring home $236,572 — a $155,348 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Massachusetts for this role is Cambridge, where the median reaches $158,784.

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). This steady growth indicates stable demand for financial analysts across the country.

Financial Analyst Salary in Massachusetts by Experience

In Massachusetts, an entry-level financial analyst earns around $85,200, while experienced professionals earn up to $210,160 per year. The cost of living index in Massachusetts is 135% of the national average.

Entry Level (0-2 yrs)
$85,200
+$25,200 vs national
Mid Level (3-7 yrs)
$136,320
+$40,320 vs national
Senior Level (8+ yrs)
$210,160
+$62,160 vs national

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Salary Percentiles in Massachusetts

Percentile MA Salary
10th Percentile $81,224
25th Percentile $103,376
Median (50th) $135,014
75th Percentile $177,500
90th Percentile $236,572

Financial Analyst Salary by City in Massachusetts

The largest employment areas for financial analysts in Massachusetts include Boston, Worcester, Springfield, and Cambridge. Salaries vary by city based on local cost of living and demand.

How to Become a Financial Analyst in Massachusetts

Education

Most financial analyst positions require a bachelor's degree. Massachusetts has several accredited institutions offering relevant programs.

Key Skills

Financial ModelingExcelBloomberg TerminalValuationData AnalysisPresentation

Job Outlook in Massachusetts

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). Massachusetts's demand may vary based on local industry trends.

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Frequently Asked Questions: Financial Analyst Salary in Massachusetts

How much does a Financial Analyst make in Massachusetts? ▼
The median financial analyst salary in Massachusetts is $135,014 per year, which is 42.0% above the national median of $95,080. Salaries range from $81,224 (10th percentile) to $236,572 (90th percentile).
How much does a Financial Analyst make per hour in Massachusetts? ▼
Based on the median annual salary of $135,014, a financial analyst in Massachusetts earns approximately $65 per hour assuming a standard 2,080-hour work year.
Is Massachusetts a good state for financial analysts? ▼
Massachusetts ranks #2 out of 50 states for financial analyst pay. The cost of living index is 135% of the national average. Entry-level financial analysts earn $85,200, while senior professionals earn $210,160.
How does Massachusetts compare to other states for financial analyst salary? ▼
The highest paying state for financial analysts is Hawaii at $161,636. Massachusetts's median of $135,014 ranks #2 nationally. Nearby-ranked states include Hawaii ($161,636) and California ($131,210).
What is the entry-level financial analyst salary in Massachusetts? ▼
An entry-level financial analyst in Massachusetts earns approximately $85,200 per year. With 3-7 years of experience, pay increases to around $136,320. Senior-level professionals with 8+ years earn up to $210,160.
What city in Massachusetts pays financial analysts the most? ▼
Cambridge is the highest paying city in Massachusetts for financial analysts, with a median salary of $158,784. Other cities include Boston and Worcester.