Salary Data
Financial Analyst Salary in Boston
$104,000
median salary, 22% above the national average
According to Orbyt's 2026 salary analysis, the average Financial Analyst salary in Boston is $104,000. Salaries range from $79,000 (25th percentile) to $137,000 (75th percentile), adjusted for Boston's cost of living.
Salary range
How Boston compares
Boston, MA
$104,000
Cost of living: 22% above average
National Average
$85,000
Boston is $19,000 above
Financial Analyst job market in Boston
Boston market overview
Boston's job market is powered by world class universities, a thriving biotech corridor, and established finance and healthcare sectors. The Kendall Square area is one of the most concentrated biotech hubs globally. Tech salaries in Boston are competitive with West Coast markets, particularly for roles that intersect with life sciences, AI, and robotics.
What drives Financial Analyst salaries
Industry sector (investment banking vs. corporate finance vs. tech FP&A) creates the largest salary dispersion. Financial analysts at investment banks and private equity firms earn significantly more than corporate counterparts. Modeling sophistication, deal experience, and CFA progress also materially affect compensation.
Beyond base salary
Total compensation
Bonuses in corporate finance range from 5 to 15% of base. Investment banking analysts receive bonuses of 50 to 100%+ of base salary. Equity is uncommon in traditional finance but increasingly offered at fintech companies. Benefits typically include exam fee reimbursement for CFA and CPA.
Tax considerations in Boston
Massachusetts has a flat 5% income tax on most earnings, plus a 4% surtax on income above $1 million. There is no city income tax in Boston, keeping the total burden moderate.
Career progression
Analyst roles start at $65,000 to $90,000 (corporate) or $100,000 to $120,000 (banking). Senior analysts earn $90,000 to $130,000 after two to four years. Finance managers reach $130,000 to $170,000, and directors or VPs in FP&A can earn $180,000 to $250,000 at large corporations.
Top industries in Boston
Negotiating in Boston
Emphasize specialized credentials or advanced degrees. Boston employers, especially in biotech and finance, place a premium on educational pedigree and certifications.