Financial and Investment Analysts in Massachusetts
Considering working as a Financial and Investment Analysts in Massachusetts? Here’s what you need to know. Conduct quantitative analyses of information involving investment programs or financial data of public or private institutions, including valuation of businesses. Excludes “Budget Analysts” (13-2031), “Financial Risk Specialists” (13-2054), and “Securities, Commodities, and Financial Services Sales Agents” (41-3031).
What do Financial and Investment Analysts Make in Massachusetts?
For financial and investment analysts working in Massachusetts, the median annual wage is $107,610 per year (or about $51.73/hour).Earnings range from $73,930 at the 10th percentile to $205,790 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $73,930 | $35.54 |
| 25th percentile | $84,070 | $40.42 |
| Median (50th) | $107,610 | $51.73 |
| 75th percentile | $167,460 | $80.51 |
| 90th percentile | $205,790 | $98.94 |
The job concentration index in Massachusetts compared to the national average — is 2.24, indicating that financial and investment analysts are more concentrated here than the national average.
National Wage Comparison
Nationally, financial and investment analysts earn a median of $82,666 per year ($39.74/hour), higher than the Massachusetts median.
Employment Outlook
National employment for 72,056 financial and investment analysts in the U.S.. In Massachusetts alone, about 18,020 people work in this role. That’s more than the typical state, which employs around 3,140 financial and investment analysts.
Top Massachusetts Metros for Financial and Investment Analysts
The largest metro-area employers of financial and investment analysts in Massachusetts.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Boston-Cambridge-Newton, MA-NH | 15,880 | $110,450 |
| Worcester, MA | 560 | $94,990 |
| Springfield, MA | 350 | $97,570 |
| Barnstable Town, MA | 80 | $92,240 |
| Pittsfield, MA | 80 | $96,540 |
| Amherst Town-Northampton, MA | 50 | $92,930 |
Top States for Financial and Investment Analysts Employment
View the states that employ the most financial and investment analysts work.
| State | Number Employed |
|---|---|
| New York | 47,130 |
| California | 40,570 |
| Texas | 26,940 |
| Florida | 21,690 |
| Massachusetts | 18,020 |
| Illinois | 17,950 |
| Pennsylvania | 12,220 |
| New Jersey | 11,100 |
| Georgia | 10,330 |
| North Carolina | 10,330 |
| Ohio | 9,290 |
| Colorado | 9,120 |
| Virginia | 8,870 |
| Michigan | 8,020 |
| Washington | 7,780 |
| Minnesota | 6,690 |
| Maryland | 6,190 |
| Wisconsin | 4,960 |
| Arizona | 4,910 |
| Connecticut | 4,870 |
Highest-Paying States for Financial and Investment Analysts
These states pay the most for financial and investment analysts.
| State | Annual Median Salary |
|---|---|
| Wyoming | $213,940 |
| New York | $126,580 |
| California | $111,100 |
| New Jersey | $109,380 |
| Oregon | $107,680 |
| Massachusetts | $107,610 |
| District of Columbia | $106,840 |
| Connecticut | $106,250 |
| Virginia | $104,030 |
| Minnesota | $102,800 |
Daily Tasks
Common tasks include:
- Advise clients on aspects of capitalization, such as amounts, sources, or timing.
- Analyze financial or operational performance of companies facing financial difficulties to identify or recommend remedies.
- Assess companies as investments for clients by examining company facilities.
- Collaborate on projects with other professionals, such as lawyers, accountants, or public relations experts.
- Collaborate with investment bankers to attract new corporate clients.
- Conduct financial analyses related to investments in green construction or green retrofitting projects.
- Confer with clients to restructure debt, refinance debt, or raise new debt.
- Create client presentations of plan details.
- Determine the prices at which securities should be syndicated and offered to the public.
- Develop and maintain client relationships.
- Draw charts and graphs, using computer spreadsheets, to illustrate technical reports.
- Employ financial models to develop solutions to financial problems or to assess the financial or capital impact of transactions.
Tools & Technology
Technologies frequently used: Hot technologies: Alteryx software, Apache Hive, Google Docs, IBM SPSS Statistics, Intuit QuickBooks In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Related college programs include:
- Finance & Financial Management
- Accounting
Featured schools near , edit
Related Careers
Other careers like financial and investment analysts include:
- Financial Managers
- Investment Fund Managers
- Management Analysts
- Market Research Analysts and Marketing Specialists
- Accountants and Auditors
- Credit Analysts
Also Known As
Accounting Analyst, Acquisition Analyst, Acquisition Specialist, Acquisitions Analyst, Acquisitions Consultant, Alternative Financing Specialist, Analyst, Bank Analyst, Banking Analyst, Bond Analyst, Brand Analyst, Chartered Financial Analyst (CFA), Commodity Analyst, Corporate Financial Analyst, Corporate Securities Research Analyst.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 13-2051.00
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