Salem Five Salary

Salem Five Salary

How much does the Salem Five Pay for employees?

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As of August 2026, the average weekly salary for employees at Salem Five in the United States is $2,368. This translates to an approximate annual wage of $123,158. Salaries at Salem Five typically range from $2,074 to $2,690 weekly, reflecting the diverse roles and experience levels within the company. Salem Five’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 Salem Five Pay for Different Roles?

Explore detailed salary information for specific jobs at Salem Five. 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 Salem Five

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

Is Salem Five’s Pay Competitive? Salary Benchmarking Analysis

How does Salem Five’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)
Salem Five
Financial Services
Boston Private Financial Holdings Inc
Hanmi Financial Corp
Industry Comparison
Our data shows that, on average, compensation at Salem Five is above the average for the U.S. Financial Services industry by approximately 1%. This positioning suggests their pay is competitive within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Salem Five average annual salary with several similar companies. Salem Five average salary of $123,158 is lower than Boston Private Financial Holdings Inc, which has an average salary of $124,857. It is lower than Hanmi Financial Corp, with their average salary at $123,401. This places Salem Five in a developing 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 Salem Five's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Salem Five

Considering a career at Salem Five? 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.
It’s a high-performance, high-integrity workplace. Cross-departmental projects are common, and employees are encouraged to share insights. Employees are encouraged to upskill and explore cross-functional roles. Professional development opportunities exceed expectations.
Commented in April 02, 2025
33
0
From operations to compliance, people collaborate openly and share information freely. This company offers outstanding opportunities for professional growth. I’ve improved my skills significantly in a short time, and I see a long-term future here. Tools and resources are modern and effective. Benefits are standard, not industry-leading. This diligence builds trust with all stakeholders. Feedback l...
Commented in December 02, 2024
34
2
The leadership is strategic and open to employee feedback, which fosters a positive atmosphere. Job roles are clearly defined, but cross-training is rare. Mentorship programs connect generations of employees.
Commented in May 20, 2024
49
0
It's a great place to build a rewarding career in financial services with a future-focused mindset. Colleagues are helpful and knowledgeable. Workload is steady, and systems are reliable. These unsung heroes make daily operations seamless.
Commented in February 22, 2024
30
1

Salem Five Overview

Website
www.salemfive.com
Founded In
1855
Employees
500 - 1,000 employees
Industry
Financial Services
Headquarter Address
210 Essex St Salem Massachusetts MA 01970
Revenue
$200 Million - $500 Million
Phone Number
+1 8008505000
Social Media
About Salem Five
Salem Five was founded in 1855. This company provides banking and investment services. Their headquarters are located in Salem, MA.

What Benefits Does Salem Five Offer Beyond Salary?

A competitive compensation package is more than just a salary. Salem Five 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 Salem?

Understanding the cost of living near Salem is key to truly evaluating a salary offer or your current compensation at Salem Five.
Salem's Cost of Living Index is approximately 130.5 (30.5% more expensive than US average; 1.6% less than MA average). Historic North Shore city, tourism, housing costs high. MBTA bus/Commuter Rail, Ferry. When planning your budget based on a salary from Salem Five, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,900 - $2,800+ A significant portion of Salem Five salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA pass varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $470 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,510 - $5,370+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Salem Five

1. What is the estimated average total compensation at Salem Five?

Salary.com estimates that the average total compensation package at Salem Five, which can include base salary, potential bonuses, and benefits, is around $123,158 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Salem Five pay compared to Boston Private Financial Holdings Inc?

The average annual salary at Salem Five is $123,158, or an hourly wage of $59, in comparison to Boston Private Financial Holdings Inc which pays $124,857 per year or $60 per hour.

3. Do salaries differ significantly between departments at Salem Five?

Yes, salaries often differ between departments at Salem Five 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 Salem Five?

Salary progression from an entry-level to a senior role at Salem Five 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 Salem Five in Salem is fair given the local cost of living?

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

6. Are promotions at Salem Five usually accompanied by a significant salary increase?

Yes, promotions at Salem Five 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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