Envel Salary

Envel Salary

How much does the Envel Pay for employees?

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As of August 2026, the average annual salary for employees at Envel in the United States is $100,607. This translates to an approximate hourly wage of $48. Salaries at Envel typically range from $88,245 to $114,001 annually, reflecting the diverse roles and experience levels within the company. Envel’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Envel Pay for Different Roles?

Explore detailed salary information for specific jobs at Envel. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Envel

Ready for your next career move? Explore current job openings at Envel. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Envel’s Pay Competitive? Salary Benchmarking Analysis

How does Envel’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Envel
Financial Services
Murphy McCormack Capital Advisors
Enpar Group
Industry Comparison
Our data shows that, on average, compensation at Envel is below the average for the U.S. Financial Services industry by approximately 17%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Envel average annual salary with several similar companies. Envel average salary of $100,607 is higher than Murphy McCormack Capital Advisors, which has an average salary of $84,532. It is higher than Enpar Group, with their average salary at $85,892. This places Envel in a competitive position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Envel's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Envel

Considering a career at Envel? 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.
Their expertise is evident in strategic decisions. Career advancement is often with a preference for seniority. Certification reimbursements demonstrate investment in our growth. It's a professional but somewhat rigid environment, best for those who prefer structured roles over fast-paced change.
Commented in April 16, 2025
36
0
Training opportunities exist but may lack depth or relevance. Comprehensive benefits include health insurance, wellness initiatives, and retirement plans. Managers are supportive and accessible. Laptops refresh on a regular cycle. Expectations are clearly communicated during onboarding. Thoughtful placement reduces daily stress. There is minimal team bonding, and innovation is often viewed as a ri...
Commented in June 14, 2024
49
3
Work is divided evenly, but there’s little flexibility in how tasks are completed. Mentorship programs, tuition reimbursement, and leadership training are just a few ways they invest in their workforce. The scale of operations—, allowing employees to gain exposure to different aspects of finance. Training programs are detailed and continuous. This commitment ensures that our services not only achi...
Commented in February 12, 2024
42
2

Envel Overview

Website
www.envel.ai
Founded In
2018
Employees
<25 employees
Industry
Financial Services
Headquarter Address
75 State St Boston Massachusetts MA 02109
Revenue
<$5 Million
Phone Number
-
Social Media
About Envel
Founded at Harvard and with pre-seed funding from the MIT Sandbox, Envel is designed to reinvent the traditional banking model to fit younger consumers' long-term needs, implementing the best savings and spending model for its customers to ensure there is little unnecessary spending. Envel's ultimate mission is to improve the financial health of users in a way that is accessible and effortless, th

What Benefits Does Envel Offer Beyond Salary?

A competitive compensation package is more than just a salary. Envel 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 Envel.
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 Envel, 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 Envel 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 Envel

1. What is the estimated average total compensation at Envel?

Salary.com estimates that the average total compensation package at Envel, which can include base salary, potential bonuses, and benefits, is around $100,607 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Envel pay compared to Murphy McCormack Capital Advisors?

The average annual salary at Envel is $100,607, or an hourly wage of $48, in comparison to Murphy McCormack Capital Advisors which pays $84,532 per year or $41 per hour.

3. Do salaries differ significantly between departments at Envel?

Yes, salaries often differ between departments at Envel 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Envel?

Salary progression from an entry-level to a senior role at Envel 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.

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

To determine if a salary offer from Envel in Boston is fair, first compare the gross salary to our data for similar roles at Envel 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 promotions at Envel usually accompanied by a significant salary increase?

Yes, promotions at Envel 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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