Financial Advisor Salary in Worcester, MA: $124,373 (2026)
Quick Answer:A full-time financial advisor in Worcester, MA earns a median $124,373/year (≈ $59.80/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Worcester's price level (3% above national, BEA RPP 102.5), that paycheck buys what $121,312 would nationally. Nominal pay sits 4.8% below the Massachusetts state average.
Official BLS data · View source
In 2026, financial advisors in Worcester, Massachusetts, are projected to earn a median annual salary of $124,373, a figure which positions them 14.59% above the national median of $108,537. Salary expectations in the area reflect a substantial range, from $61,970 at the 10th percentile to as high as $305,634 at the 90th percentile. This data, derived from the official Bureau of Labor Statistics (BLS) OEWS surveys, indicates a robust financial advisory market in Worcester, shaped largely by the dynamics between wirehouses and fiduciary RIAs. As the industry sees a heightened focus on fee-only models, advisors may find their compensation influenced by client asset management strategies, reinforcing the importance of understanding market conditions in this local job sector.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $61,970 | $29.79 |
| Lower Range (P25) | $86,565 | $41.62 |
| Median (P50)(typical) | $124,373 | $59.80 |
| Upper Range (P75) | $149,330 | $71.79 |
| Top Earners (P90) | $305,634 | $146.94 |
Median Salary Position
14.59% above the national average
2026 Salary Percentile Distribution in Worcester
In Worcester, MA, the financial advisor salary spread from the 10th to 90th percentile is $243,664 (2026 est.). At $124,373, the local median is 14.59% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Worcester: You'd be in the lower-middle range
How Worcester Financial Advisor Pay Compares
Worcester median: $124,373/year (2026)
| Compared To | Median Salary | Worcester Pays |
|---|---|---|
| Massachusetts Average | $130,644 | -4.80% less |
| National Average | $108,537 | +14.59% more |
Financial Advisors in Worcester, MA earn a median of $124,373 per year (2026 est.), which is 14.59% higher than the national median of $108,537 and 4.80% below the Massachusetts state average of $130,644.
Cost-of-Living Adjusted Salary
Worcester has a cost of living 2.52% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Worcester, MA has a cost-of-living index of 102.523 (above the national average of 100). While the nominal salary of $124,373 is competitive, the higher cost of living reduces purchasing power to an effective $121,312 — a 2.46% reduction.
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2019 BLS Actual
$70,830
2025 BLS Actual
$120,400
2026 Current Est.
$124,373
2019–2027 Growth
+81.4%
Salary Trajectory for Financial Advisors in Worcester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $70,830 | Actual |
| 2020 | $79,360 | Actual |
| 2021 | $103,670 | Actual |
| 2022 | $99,780 | Actual |
| 2023 | $103,980 | Actual |
| 2024 | $110,720 | Actual |
| 2025 | $120,400 | Actual |
| 2026(current) | $124,373 | Estimated |
| 2027 | $128,478 | Projected |
Based on 7 years of BLS OEWS data for the Worcester metropolitan area, the median financial advisor salary grew 70.0% from $70,830 (2019) to $120,400 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $128,478 by 2027 — a total increase of $57,648 (81.39%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Worcester metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $61,970 – $86,565 |
| 3-5 years (Mid Career) | $86,565 – $124,373 |
| 5+ years (Experienced) | $124,373 – $149,330 |
| 10+ years (Top Earner) | $149,330 – $305,634 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Worcester
The demand for financial advisors in Worcester remains steady, buoyed by the local economic climate and an increasing need for financial planning services. With a cost-of-living index slightly above the national average at 102.523, advisors' purchasing power should factor into their salary negotiations and career choices. Employers such as wirehouses like Morgan Stanley and Merrill Lynch, along with independent broker-dealers and RIAs, tend to offer competitive salaries, but the highest pay tends to be associated with those managing larger AUM books or possessing advanced credentials like the CFP or CFA. The spread in compensation can largely be attributed to varying business models—commission-based earnings at wirehouses versus fee-only structures for RIAs—as well as the presence of high-net-worth clients and equity partnership opportunities within RIAs. Financial advisors in Worcester looking to optimize their earnings should prioritize building a strong client base, exploring fiduciary positions, and obtaining relevant certifications to enhance their marketability.
More salary data for Worcester, MA:
Frequently Asked Questions
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $120,400 for financial advisorsin the Worcester metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov