How to Become a Financial Managers in Massachusetts
Financial Managers in Massachusetts earn a median salary of $181,170/year, which is 12% above the national average. Massachusetts has a state income tax of ~5.0%. After taxes and rent, a financial managers takes home approximately $9,075/month. Most positions require Bachelor's degree.
What a financial managers can afford in Massachusetts
Becoming a financial managers in Massachusetts
Meet education requirements
Financial Managers positions in Massachusetts typically require Bachelor's degree. Programs are available at colleges and training institutions across Massachusetts. Research accredited programs in your area.
Gain required experience
Many financial managers positions in Massachusetts require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Massachusetts licensure or certification
Massachusetts may require specific licensing or professional certification for financial managerss. Requirements vary by state — contact the Massachusetts Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Massachusetts
Massachusetts employs 27,690 financial managers. The highest concentrations are in Boston-Cambridge-Newton and Springfield.
Financial Managers salary by metro area in Massachusetts
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Boston-Cambridge-Newton | $188K | $90.62/hr | 22,830 |
| Springfield | $165K | $79.23/hr | 950 |
| Worcester | $163K | $78.23/hr | 1,620 |
| Pittsfield | $153K | $73.64/hr | 250 |
| Barnstable Town | $141K | $67.93/hr | 340 |
| Amherst Town-Northampton | $130K | $62.7/hr | 270 |
Financial Managers salary range in Massachusetts
Financial Managers careers in other states
Frequently asked questions
How much does a financial managers make in Massachusetts?▼
The median financial managers salary in Massachusetts is $181,170 per year ($87.1/hr). This is 12% above the national median of $161,700. Salaries range from $104,790 to $0.
What are the requirements to become a financial managers in Massachusetts?▼
Financial Managers positions in Massachusetts typically require Bachelor's degree. Massachusetts may have specific licensing or certification requirements. Check with the Massachusetts licensing board or department of labor for current requirements.
Can a financial managers afford to live in Massachusetts?▼
At the median salary of $181,170, a financial managers in Massachusetts would take home approximately $10,487/month after taxes. With median 2-bedroom rent at $1,412/month, that's 13.5% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for financial managers in Massachusetts?▼
The highest paying metro areas for financial managers in Massachusetts are Boston-Cambridge-Newton ($188,490), Springfield ($164,790), Worcester ($162,720). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Massachusetts have state income tax for financial managers?▼
Yes, Massachusetts has a state income tax rate of approximately 5.0%. On a $181,170 salary, this means roughly $9,059/year in state income tax. Use our take-home pay calculator for a detailed breakdown.