Massachusetts Educational Financing Authority Salary

Massachusetts Educational Financing Authority Salary

How much does the Massachusetts Educational Financing Authority Pay for employees?

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As of August 2026, the average hourly salary for employees at Massachusetts Educational Financing Authority in the United States is $50. This translates to an approximate annual wage of $104,678. Salaries at Massachusetts Educational Financing Authority typically range from $44 to $57 hourly, reflecting the diverse roles and experience levels within the company. Massachusetts Educational Financing Authority’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 Massachusetts Educational Financing Authority Pay for Different Roles?

Explore detailed salary information for specific jobs at Massachusetts Educational Financing Authority. 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 Massachusetts Educational Financing Authority

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

Is Massachusetts Educational Financing Authority’s Pay Competitive? Salary Benchmarking Analysis

How does Massachusetts Educational Financing Authority’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Massachusetts Educational Financing Authority
Financial Services
Center Street Lending Corp
Veterans Admin Central Federal Credit Union
Industry Comparison
Our data shows that, on average, compensation at Massachusetts Educational Financing Authority is below the average for the U.S. Financial Services industry by approximately 14%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Massachusetts Educational Financing Authority average annual salary with several similar companies. Massachusetts Educational Financing Authority average salary of $104,678 is higher than Center Street Lending Corp, which has an average salary of $101,398. It is higher than Veterans Admin Central Federal Credit Union, with their average salary at $103,486. This places Massachusetts Educational Financing Authority 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.

Companies Similar to Massachusetts Educational Financing Authority and Their Hourly Pay Rates

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

Employee Reviews: Working at Massachusetts Educational Financing Authority

Considering a career at Massachusetts Educational Financing Authority? 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.
Feedback is solicited and incorporated. Professional development is taken seriously. There’s a healthy mix of structure and flexibility. The organization stays modern with its tools and fosters a respectful, collaborative atmosphere among all departments.
Commented in March 17, 2025
24
3
Introductions to key colleagues are thoughtfully arranged. This firm values innovation. The work is fast-paced but rewarding, with opportunities to shape industry trends. Root cause analysis prevents recurring issues. Interaction with leadership is rare. There's a focus on execution over exploration.
Commented in January 30, 2025
28
1
Despite its large size, teams work seamlessly across different divisions and geographical locations. This cooperative spirit makes challenging projects enjoyable and productive. Resources are always available, and your manager helps you map out career goals. Management encourages feedback and rewards performance fairly.
Commented in January 09, 2024
37
3

Massachusetts Educational Financing Authority Overview

Website
www.mefa.org
Founded In
1982
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Address
60 State St Boston Massachusetts MA 02109
Revenue
$5 Million - $10 Million
Phone Number
+1 8004496332
Social Media
About Massachusetts Educational Financing Authority
MEFA is a not-for-profit, self-financing public entity established in 1982. MEFA's mission since its founding has been to help students and families access and afford higher education and reach financial goals through education programs, tax-advantaged savings plans, low-cost loans, and expert guidance. All of MEFA's work aligns with the ever-present goal to support the independence, growth, and s

What Benefits Does Massachusetts Educational Financing Authority Offer Beyond Salary?

A competitive compensation package is more than just a salary. Massachusetts Educational Financing Authority 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 Massachusetts Educational Financing Authority.
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 Massachusetts Educational Financing Authority, 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 Massachusetts Educational Financing Authority 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 Massachusetts Educational Financing Authority

1. What is the estimated average total compensation at Massachusetts Educational Financing Authority?

Salary.com estimates that the average total compensation package at Massachusetts Educational Financing Authority, which can include base salary, potential bonuses, and benefits, is around $50 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Massachusetts Educational Financing Authority pay compared to Center Street Lending Corp?

The average annual salary at Massachusetts Educational Financing Authority is $104,678, or an hourly wage of $50, in comparison to Center Street Lending Corp which pays $101,398 per year or $49 per hour.

3. Do salaries differ significantly between departments at Massachusetts Educational Financing Authority?

Yes, salaries often differ between departments at Massachusetts Educational Financing Authority 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 Massachusetts Educational Financing Authority?

Salary progression from an entry-level to a senior role at Massachusetts Educational Financing Authority 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 Massachusetts Educational Financing Authority in Boston is fair given the local cost of living?

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

Yes, promotions at Massachusetts Educational Financing Authority 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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