Mefa Salary

Mefa Salary

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As of July 2026, the average hourly salary for employees at Mefa in the United States is $43. This translates to an approximate annual wage of $90,133. Salaries at Mefa typically range from $38 to $49 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Mefa Pay for Different Roles?

Explore detailed salary information for specific jobs at Mefa. Based on our data, the highest paying job is the Business Anaylst, with an hourly wage of $66. The table below outlines the hourly wage ranges for most popular roles within the company.

Digital Services Specialist

$17 / hour

Salary Range: $15 - $19

Security Services

Contact Center Agent

$42 / hour

Salary Range: $36 - $48

Sales

Fraud and Security Specialist

$44 / hour

Salary Range: $38 - $51

Security Services

Digital Support Agent

$34 / hour

Salary Range: $30 - $38

Construction

Business Anaylst

$66 / hour

Salary Range: $55 - $75

Library

Digital Banking Agent

$34 / hour

Salary Range: $30 - $38

Construction

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Mefa.
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About Mefa: Company Profile

Website
www.mefa.org
Founded In
1982
Employees
100 - 200 employees
Industry
Financial Services
Headquarter Location
RICHMOND
Revenue
$50 Million - $200 Million
Phone Number
-
Social Media
About MEFA
MEFA - the Massachusetts Educational Financing Authority - helps families plan, save, and pay for college and reach financial goals through community education programs, college savings plans, and low-cost college financing options. We are a not-for-profit self-financing state authority and were created in 1982 by the state legislature at the request of Massachusetts colleges and universities. Our

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Mefa's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Quality matters more than rigid policies. Diverse teams and inclusive environment. This balance makes the work incredibly engaging and fulfilling, accelerating my professional development in the financial sector significantly. It's reassuring to work for management that truly walks the talk. Thank-you notes from executives.
Commented in April 14, 2025
23
1
Structure is the company’s strong suit. The compensation package is attractive and reflects the industry standards. Strong teamwork and open communication across departments.
Commented in December 07, 2024
31
0
Per diems are generous. I felt fully integrated within weeks, not months. We have a strong client-first mentality. Hiring standards are high but fair. Competitors respect our work. Management maintains order but lacks personal engagement. It’s a reliable place but can suit fast-paced professionals.
Commented in June 19, 2024
20
1
With employees, everyone is aligned in delivering exceptional service. Sustainable business practices are operationalized. Training programs are provided but can be generic and infrequent.
Commented in January 05, 2024
36
1

How Mefa's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Mefa’s pay competitiveness. Click on a company for a deeper dive.

Is Mefa’s Pay Competitive? Salary Benchmarking Analysis

How does Mefa's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
MOLYMET $44
+1.0%
Suggests MOLYMET utilizes a highly similar base-plus-benefits compensation model.
MILLENIUM FINANCIAL SERVICES $48
+9.8%
Adjusted for higher cost-of-living indices in MILLENIUM FINANCIAL SERVICES's primary metro hubs.
GRANBURYFLORIST $42
-3.2%
GRANBURYFLORIST focuses strategically on recruiting and training entry-level apprentices.
CREST FINANCIAL $41
-5.3%
Normalized for lower cost-of-living zones where CREST FINANCIAL primarily operates.
Financial Services Industry $59
+34.8%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

What Is the Cost of Living Near Houston?

Understanding the cost of living near Houston is key to truly evaluating a salary offer or your current compensation at Mefa.
Houston's Cost of Living Index is approximately 98.5 (1.5% less expensive than US average; 5.9% more than TX average). Major city, energy/medical hub, housing generally affordable for size, but varies. METRO bus/rail. When planning your budget based on a salary from Mefa, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,200 - $1,800+ A significant portion of Mefa salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 (High AC use) Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (METRO Q Card monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,570 - $4,090+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Mefa

FAQ 1: What is the estimated average total compensation at Mefa?
Salary.com estimates that the average total compensation package at Mefa, which can include base salary, potential bonuses, and benefits, is around $43 per hour . Total compensation provides a more holistic view of an employee's earnings.
FAQ 2: How much does Mefa pay compared to MOLYMET?
The average annual salary at Mefa is $90,133, or an hourly wage of $43, in comparison to MOLYMET which pays $91,008 per year or $44 per hour.
FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at Mefa?
Salary progression from an entry-level to a senior role at Mefa can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.
FAQ 4: How can I determine if a salary offer from Mefa in Houston is fair given the local cost of living?
To determine if a salary offer from Mefa in Houston is fair, first compare the gross salary to our data for similar roles at Mefa and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Houston" to understand its purchasing power.
FAQ 5: Are promotions at Mefa usually accompanied by a significant salary increase?
Yes, promotions at Mefa are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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