Welch & Forbes LLC Salary

Welch & Forbes LLC Salary

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As of August 2026, the average hourly salary for employees at Welch & Forbes LLC in the United States is $52. This translates to an approximate annual wage of $108,897. Salaries at Welch & Forbes LLC typically range from $46 to $59 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Welch & Forbes LLC

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Is Welch & Forbes LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Welch & Forbes LLC'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
Northern Trust Bank/Woodfield $48
-8.2%
Northern Trust Bank/Woodfield operates with a leaner overhead structure, impacting base wage offers.
Buren Twp Trustee $41
-21.5%
Typical compensation structure for smaller regional agencies like Buren Twp Trustee.
The Trust Company of Tennessee $42
-19.1%
The Trust Company of Tennessee likely leverages performance bonuses over the high base salary shown here.
GreatBanc Trust Co $48
-8.4%
Normalized for lower cost-of-living zones where GreatBanc Trust Co primarily operates.
Financial Services Industry $59
+11.6%
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.

Companies Similar to Welch & Forbes LLC and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Welch & Forbes LLC. Click a company name to learn more.

Employee Reviews: Working at Welch & Forbes LLC

Considering a career at Welch & Forbes LLC? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The financial tools are advanced, and coworkers collaborate effectively. I’m proud to work at a place that values transparency, progress, and teamwork. This culture of respect, trust, and innovation makes it an excellent place to work. My manager is approachable, and the professional development budget actually gets used.
Commented in February 10, 2025
44
0
The financial services firm invests heavily in employee training and career development. Charitable matching amplifies personal donations. I feel empowered to make decisions in my role. That makes a big difference day to day. My input is valued, and the team’s synergy is impressive. My team collaborates exceptionally well. The company fosters a highly collaborative culture that encourages innovati...
Commented in December 01, 2024
8
0
Working here has exceeded my expectations. Managers trust employees to deliver regardless of location. Despite having employees, teamwork is at the core of everything they do. Cross-departmental projects broaden skills and visibility. The leadership team is remarkably transparent about company performance, strategic direction, and industry challenges.
Commented in March 18, 2024
10
2

Welch & Forbes LLC Overview

Website
www.welchforbes.com
Founded In
1838
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
45 School St Boston Massachusetts MA 02108
Revenue
$10 Million - $50 Million
Phone Number
+1 6175231635
Social Media
About Welch & Forbes LLC
Welch & Forbes LLC provides fiduciary, estate planning, and administration services to its clients. It primarily provides its services to individuals. The company was formed in 1838 and is headquartered in Boston, Massachusetts.

What Benefits Does Welch & Forbes LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Welch & Forbes LLC offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Boston?

Understanding the cost of living near Boston is key to truly evaluating a salary offer or your current compensation at Welch & Forbes LLC.
Boston's Cost of Living Index is approximately 153.2 (53.2% more expensive than US average; 15.5% more than MA average). Major historic US city, world-class universities/hospitals, extremely high housing costs, extensive MBTA transit. When planning your budget based on a salary from Welch & Forbes LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Welch & Forbes LLC salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA LinkPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $500 - $750 Can be higher with more dining out or specialty stores.
Personal & Leisure $550 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $850+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,270 - $6,690+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Welch & Forbes LLC

1. What is the typical salary range (low to high) for most roles at Welch & Forbes LLC?

The typical salary range for most roles at Welch & Forbes LLC is approximately from $46 to $59 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Welch & Forbes LLC pay compared to Northern Trust Bank/Woodfield?

The average annual salary at Welch & Forbes LLC is $108,897, or an hourly wage of $52, in comparison to Northern Trust Bank/Woodfield which pays $100,006 per year or $48 per hour.

3. Do salaries differ significantly between departments at Welch & Forbes LLC?

Yes, salaries often differ between departments at Welch & Forbes LLC due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Welch & Forbes LLC?

Experience level is a significant factor in determining salary at Welch & Forbes LLC, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Welch & Forbes LLC in Boston is fair given the local cost of living?

To determine if a salary offer from Welch & Forbes LLC in Boston is fair, first compare the gross salary to our data for similar roles at Welch & Forbes LLC and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Boston" to understand its purchasing power.

6. Are the salaries listed for Welch & Forbes LLC on Salary.com pre-tax or after-tax?

All salary figures displayed for Welch & Forbes LLC, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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