Business & Finance Worcester, MA Pop. 206,518

Financial Analyst Salary in Worcester, Massachusetts

The median financial analyst salary in Worcester, MA is $111,244 per year, which is 17.0% above the national median and 17.6% below the Massachusetts state average.

City Median
$111,244
vs State Avg
$-23,770
vs National
+$16,164
Cost of Living
110%

Financial Analyst Salary in Worcester by Experience

In Worcester, an entry-level financial analyst earns around $70,200, while experienced professionals earn up to $173,160 per year. The local cost of living index is 110% of the national average.

Entry Level (0-2 yrs)
$70,200
+$10,200 vs national
Mid Level (3-7 yrs)
$112,320
+$16,320 vs national
Senior Level (8+ yrs)
$173,160
+$25,160 vs national

Salary Percentiles in Worcester, MA

Percentile Worcester
10th Percentile $66,924
25th Percentile $85,176
Median (50th) $111,244
75th Percentile $146,250
90th Percentile $194,922

Financial Analyst Salary in Other Massachusetts Cities

Cambridge, MA
$158,784
Pop. 118,403
Boston, MA
$151,177
Pop. 675,647
Lowell, MA
$106,490
Pop. 115,554
Springfield, MA
$99,834
Pop. 155,929

How to Become a Financial Analyst in Worcester

Education

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

Key Skills

Financial ModelingExcelBloomberg TerminalValuationData AnalysisPresentation

Job Outlook

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). Demand in Worcester may vary based on local industry and population growth.

Find Financial Analyst Jobs in Worcester

Browse open financial analyst positions in Worcester, MA:

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Frequently Asked Questions: Financial Analyst Salary in Worcester

How much does a Financial Analyst make in Worcester, MA? ▼
The median financial analyst salary in Worcester, Massachusetts is $111,244 per year, which is 17.0% above the national median of $95,080. Salaries range from $66,924 (10th percentile) to $194,922 (90th percentile).
How much does a Financial Analyst make per hour in Worcester? ▼
Based on the median annual salary of $111,244, a financial analyst in Worcester earns approximately $53 per hour assuming a standard 2,080-hour work year.
How does Worcester compare to the Massachusetts state average for financial analyst pay? ▼
Worcester's median financial analyst salary of $111,244 is 17.6% below the Massachusetts state average of $135,014. 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 analyst salary of $111,244 in Worcester has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial analyst in Worcester? ▼
Most financial analyst positions in Worcester require a bachelor's degree. Key skills include Financial Modeling, Excel, Bloomberg Terminal, Valuation. The job market is projected to grow 8% nationally over the next decade.