How much does a Financial Advisor make in Worcester, MA?
A Financial Advisor in Worcester, MA earns a solid income. The average yearly salary stands at $123,258. This figure can vary based on experience and qualifications. Many advisors find their pay increases as they gain more expertise in the field.
Financial Advisors typically earn between certain ranges. The lowest 10% earn about $50,100 annually. On the other end, the top 10% can make up to $239,055 yearly. Most advisors fall somewhere in the middle, earning between $84,455 and $135,989 each year. These figures highlight the potential for growth and success in this career.
What are the highest paying cities for a Financial Advisor near Worcester, MA?

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Southborough, MA
Average Salary: $114,482
In Southborough, financial professionals enjoy a mix of established companies and growing startups. The area's business community offers opportunities with firms like Fidelity Investments and Charles Schwab, known for their industry leadership. The local market values skilled advisors who can navigate a diverse range of financial needs.
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Westborough, MA
Average Salary: $103,302
Westborough is home to many financial institutions, providing a dynamic environment for advisors. With companies such as MassMutual and John Hancock nearby, those in the field can benefit from networking and learning opportunities. The area’s well-educated population offers a stable client base.
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Marlborough, MA
Average Salary: $102,935
Marlborough offers a blend of suburban comfort and professional growth. Financial experts can find positions with firms like TD Ameritrade and Sun Life Financial. The city’s growing economy allows advisors to meet various financial goals for clients, making it an exciting place to work.
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Shrewsbury, MA
Average Salary: $68,750
Shrewsbury provides a tranquil setting with access to many financial services firms. This area is perfect for advisors seeking a peaceful environment while still being close to major markets. Opportunities exist with firms like Boston Mutual Life Insurance Company, offering a supportive workplace culture.
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What are the best paying companies for a Financial Advisor in Worcester, MA?

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Northwestern Mutual
Average Salary: $239,055
Northwestern Mutual offers Financial Advisor roles that provide extensive training and resources. They support career growth and offer competitive salaries. They operate nationwide with a strong presence in Worcester.
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United Plastic Group
Average Salary: $228,125
At United Plastic Group, Financial Advisor positions come with opportunities for growth and a well-rounded benefits package. They focus on innovation and customer satisfaction, providing a rewarding work environment in Worcester.
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Lido Advisors, LLC
Average Salary: $101,124
Lido Advisors, LLC offers Financial Advisor roles that emphasize client service and career advancement. They provide a supportive workplace and are located in Worcester, making it convenient for local job seekers.
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Baystate Financial
Average Salary: $97,783
Baystate Financial provides Financial Advisor positions that offer a good work-life balance and a welcoming team. They are committed to helping clients achieve their financial goals and are headquartered in Worcester.
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Bank of America
Average Salary: $70,517
Bank of America's Financial Advisor roles come with a solid salary and opportunities for career growth. They offer extensive training and are a well-known company with locations throughout Worcester.
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UMass Memorial Health
Average Salary: $48,863
UMass Memorial Health provides Financial Advisor positions with a focus on employee well-being and development. They support financial health for their clients and offer competitive pay in Worcester.
What are the best paying Financial Advisor related jobs in Worcester, MA?

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Underwriting Consultant
Average Salary: $107,800
An underwriting consultant works with clients to understand their financial situation. They provide guidance and support for insurance needs. Companies like State Street Corporation and MassMutual need such professionals.
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Wealth Management Advisor
Average Salary: $98,833
This advisor helps individuals and businesses manage their money. They create investment strategies to grow wealth. Firms like Fidelity and Edward Jones look for these experts to guide their clients.
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Investment Banker
Average Salary: $97,500
Investment bankers assist companies with raising capital. They advise on mergers, acquisitions, and other financial activities. JPMorgan Chase and Bank of America are among the firms seeking skilled bankers.
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Analyst
Average Salary: $89,750
An analyst evaluates financial data to make investment decisions. They analyze market trends and company performance. Companies like Fidelity and State Street Corporation need analysts to guide their strategies.
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Underwriter
Average Salary: $89,253
An underwriter assesses the risk involved in lending money or issuing insurance. They evaluate financial documents and determine risk levels. Local banks and insurance companies rely on underwriters to protect their interests.
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Portfolio Manager
Average Salary: $87,868
A portfolio manager oversees investment portfolios to achieve financial goals. They manage assets to maximize returns and minimize risks. Investment firms in Worcester look for managers with strong skills in this area.
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Personal Banker
Average Salary: $39,300
A personal banker helps clients with their banking needs. They offer advice on savings, loans, and investments. Local banks like TD Bank and People's United Bank hire personal bankers to serve customers.
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Financial Assistant
Average Salary: $36,533
A financial assistant supports financial operations by handling tasks like data entry and report preparation. They assist in maintaining financial records and ensuring accuracy. Companies need assistants to keep their financial processes running smoothly.
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Insurance Writer
Average Salary: $34,000
An insurance writer creates content to inform clients about insurance policies. They explain complex terms and help clients understand their coverage. Insurance firms in Worcester need writers to produce clear and informative content.
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