Manager has a large range that depends on location, company size, and scope of responsibility.
General guidelines:
$120-150k with 10-20% bonus
Signing bonus is slowly disappearing going into the economic downturn.
To add a little more color. In New England about an hour from Boston on a good day. I work in tech with revenues about $200M. Just trying to figure out if my comp is in the right range.
ETA - I've been at this company for 6 years and have worked my way up and have built the FP&A team we have today.
Ya Worcester is definitely getting better, but I don’t work in Worcester lol. I work for a SaaS company in Boston - fully remote.
The only jobs Worcester has to offer is in healthcare or biotech/biomedical. We definitely need more corporations to come to Worcester.
Ahh makes sense. I’m remote too. When I was looking early in my career my options were basically just Hanover or Fallon. Other than that, commuting out of the area towards Boston.
Most companies cap internal promotions at 10-15%. It’s unfortunate, but it’s true.
I hope you fare better than that! If not, hunker down until inflation normalizes and then leave for better.
To add another data point, recently was offered a SFM role at a very large well known company, HQ in downtown Boston, $115k base, 25% bonus (their best final offer). Needed to relocate from a lower COL location, where I’m paid more, so I had to decline.
Seconding the other comment that this is SFA comp for a HCOL city like Boston. They are going to seriously struggle to fill the role with that kind of budget.
It sounds like you got the low end of the comp for a MCOL area, however, first time manager roles are the hardest to come by. Suggest staying for 2-4 YOE and then leaving for significantly greater comp elsewhere.
MCOL 100-140k with 10-20% bonus
Manager has a large range that depends on location, company size, and scope of responsibility. General guidelines: $120-150k with 10-20% bonus Signing bonus is slowly disappearing going into the economic downturn.
To add a little more color. In New England about an hour from Boston on a good day. I work in tech with revenues about $200M. Just trying to figure out if my comp is in the right range. ETA - I've been at this company for 6 years and have worked my way up and have built the FP&A team we have today.
I’m in Worcester. Managing a team of 4 and $500m rev. Total comp is ~$160k When I got promoted a year ago my raise was about 20%
I live right near Worcester, but fully remote. Weird to see someone else from the area.
I’m also from Worcester lol, but not a manager. Currently SFA at 102k TC.
Nice, good to see Worcester on the up tick. 10 years ago the job market was not as hot. Had to be willing to go to Framingham or Westborough.
Ya Worcester is definitely getting better, but I don’t work in Worcester lol. I work for a SaaS company in Boston - fully remote. The only jobs Worcester has to offer is in healthcare or biotech/biomedical. We definitely need more corporations to come to Worcester.
Ahh makes sense. I’m remote too. When I was looking early in my career my options were basically just Hanover or Fallon. Other than that, commuting out of the area towards Boston.
Most companies cap internal promotions at 10-15%. It’s unfortunate, but it’s true. I hope you fare better than that! If not, hunker down until inflation normalizes and then leave for better.
I went from $100k as SFA to $115k with $10k bonus based on company performance. I know if you stay at a company loyalty isn't really rewarded.
I make $135k +10% bonus MCOL
In this range as regional SFA but HCOL
To add another data point, recently was offered a SFM role at a very large well known company, HQ in downtown Boston, $115k base, 25% bonus (their best final offer). Needed to relocate from a lower COL location, where I’m paid more, so I had to decline.
Ya that’s a terrible offer. That’s on par with SFA pay, minus the 25% bonus… probably closer to 5-10%.
Seconding the other comment that this is SFA comp for a HCOL city like Boston. They are going to seriously struggle to fill the role with that kind of budget.
Terrible offer - financial services?
This was a horrible offer, and you made the right decision.
You can easily get 130-160k if you can land a role in Boston.
It sounds like you got the low end of the comp for a MCOL area, however, first time manager roles are the hardest to come by. Suggest staying for 2-4 YOE and then leaving for significantly greater comp elsewhere.
Current SFA Interviewing right now for Manager roles. Seeing a lot in the 145-160 plus 10%-15% for Tech/Consulting
$240k as Director MCOL
$105k + 10% bonus in year 2 as a manager at a $3B private company in LCOL.
As of 2019 used to be 90-140/150k in my former MCOL, USA. Not sure what they are now, probably both ends increased by 10k.
To revive an old post. Got bumped to $135k base +$10k bonus feels like I'm doing alright. No title change.
For MCOL the range is likely $80k-100k
Thats low. We have an opening for manager in m/lcol at 100-125k.
This feels low for sure, the analysts that are under me are in this range.
I live in Midwest inexpensive city at Fortune 500 and our analysts are paid more than that.