2024 Data

Management Analyst Salary in Richmond, VA: $93,906 (2024)

Official 2024 BLS Data | $45.15/hour | $61,309 - $138,706 range

Median Annual Salary

$93,906

5.5% vs national

Hourly Rate

$45.15

/hour

Jobs in Area

920

employed

Salary Range$61,309 - $138,706
10th %Median90th %
Data from Bureau of Labor Statistics (BLS) | Editorial guidelines

Compare to Other Cities

See All →

Richmond, VA

$93,906

San Jose, CA

$135,212

$41,306 more (+44.0%)

in San Jose, CA

Management Analyst Salary Range in Richmond, VA

Annual Salary Range

$94k

$61k

10th percentile

$78k

25th

$114k

75th

$139k

90th percentile

Salary Breakdown by Percentile

PercentileAnnual SalaryHourly Rate
10th Percentile (Entry Level)$61,309$29.48
25th Percentile$78,324$37.66
Median (50th Percentile)$93,906$45.15
75th Percentile$113,997$54.81
90th Percentile (Top Earners)$138,706$66.69
Average (Mean)$101,139$48.62

Management Analyst Market Insights for Richmond, VA

Compensation Overview

Management Analyst compensation in Richmond, VA aligns with regional expectations. The salary range from $61,309 to $138,706 provides a clear picture of earning potential at different career stages.

Local Market Context

Richmond, VA offers competitive compensation that aligns closely with national benchmarks. The Virginia economy supports a diverse range of industries, providing stable employment opportunities across multiple sectors.

Career Outlook

The Management Analyst profession offers diverse career opportunities across industries. Professional development and continuous learning are key factors in advancing within this field. With a 126% salary range from entry-level to top earners, there is substantial room for financial growth as you advance in your career.

Tips for Increasing Your Salary

  • Develop specialized expertise to command higher compensation—top earners make 48% more than median salaries
  • Build a professional network through industry associations and local business groups
  • Pursue relevant certifications or advanced education to demonstrate expertise

-6%

vs National Avg

-7%

vs State Avg

126%

Salary Range

920

Jobs in Area

Career Path & Salary Progression

Typical Management Analyst salary growth in Richmond, VA based on experience level.

🎓

Entry Level

0-2 years

10th percentile

$61,309

/year

📈

Early Career

2-5 years

25th percentile

$78,324

/year

💼

Mid Career

5-10 years

50th percentile

$93,906

/year

🎯

Senior

10-15 years

75th percentile

$113,997

/year

Expert

15+ years

90th percentile

$138,706

/year

Note: Career progression and salary growth vary based on company size, industry, skills, and performance. These estimates use percentile data from the BLS as a general guide for typical career paths.

Management Analyst Job Market in Richmond, VA

Where Management Analysts Work

Management Analysts work across multiple industries including corporations, government agencies, healthcare organizations, and consulting firms. Each sector offers different compensation structures and career trajectories.

Local Employment Landscape

Employment in this occupation is more limited in Richmond, VA compared to larger metros. Professionals may find opportunities concentrated among fewer employers, making employer research and networking particularly valuable.

Types of Employers Hiring

Large Corporations

Typically offer comprehensive benefits, structured advancement, and competitive base salaries with bonus potential

Small to Medium Businesses

May provide more responsibility earlier in your career, flexible work arrangements, and equity opportunities

Government Agencies

Known for job security, excellent benefits packages, pension plans, and work-life balance

Professional Services Firms

Provide client exposure, rapid skill development, and often above-market compensation for top performers

Skills That Increase Earning Potential

Advanced certifications in your specialtyLeadership and team managementData analysis and reportingCommunication and presentation skillsIndustry-specific software proficiency

Job Search Strategy for Richmond, VA

  • Research major employers in the Richmond area and follow them on LinkedIn for job alerts
  • Join local professional associations for networking and job leads specific to Virginia
  • Tailor your salary expectations based on the Richmond, VA market rate of $93,906
  • Consider roles at varying experience levels—entry positions start at $61,309 in this market

Management Analyst Career Overview in Richmond, VA

Local Employment
920
positions
Median Salary
$93,906
per year
vs National
-5%
difference
COL Index
98.2
100 = average

The job market for Management Analysts in Richmond, VA is moderate, with approximately 920 professionals employed across the metropolitan area. This represents a growing presence of Management Analyst positions, reflecting the region's economic base and employer diversity in Richmond, VA. Compensation aligns closely with national benchmarks, indicating a balanced supply-demand dynamic in this market.

Richmond, VA's diverse economy supports business & finance roles across multiple sectors including healthcare, education, government, technology, manufacturing, and professional services. Major employers in Virginia range from large corporations and hospital systems to mid-size regional firms and growing startups. This employer diversity provides career stability and mobility, as professionals can advance their careers without necessarily relocating. The mix of public and private sector opportunities also creates varied compensation structures, with some employers offering lower base salaries but stronger benefits and job security.

The growth outlook for Management Analyst positions in Richmond, VA is projected to remain stable with opportunities tied to local economic growth and industry trends. With 920 current positions and a median salary of $93,906, the market provides a solid foundation for career development. Professionals who invest in continuing education and stay current with industry developments position themselves for both job security and upward salary mobility. The combination of Richmond, VA's economic trajectory and broader industry trends suggests that qualified Management Analysts will continue to find opportunities in this market over the coming years.

Richmond, VA offers a balanced proposition for Management Analysts. The cost of living index of 98.2 sits near the national average, meaning the median salary of $93,906 translates to real purchasing power that closely matches the nominal figure. This makes salary comparisons with other similarly-priced metros straightforward. Management Analysts evaluating Richmond, VA against peer cities should focus on factors beyond raw salary numbers, including career growth opportunities, industry specialization, commute quality, and lifestyle fit.

The Business & Finance field in Richmond, VA benefits from the region's broader economic ecosystem. Local industry associations, professional networking groups, and continuing education opportunities through area universities and community colleges help Management Analysts stay connected and advance their careers. Virginia's business incentive programs and workforce development initiatives also play a role in attracting employers and creating positions. For Management Analysts early in their career, Richmond, VA offers the chance to build a professional network in a market where individual contributions are often more visible than in the largest metros, potentially accelerating career progression.

Management Analyst Compensation Deep Dive in Richmond, VA

Entry LevelMedianTop Earners
$61,309$93,906$138,706

The salary range for Management Analysts in Richmond, VA spans from $61,309 at the entry level (10th percentile) to $138,706 for top earners (90th percentile), a spread of $77,397. This 126% differential reflects the significant impact that experience, specialization, credentials, and employer type have on compensation in this field. The median salary of $93,906 sits at the midpoint of the market, representing what a Management Analyst with moderate experience and standard qualifications can expect. The 25th percentile ($78,324) typically corresponds to early-career professionals with 1-3 years of experience, while the 75th percentile ($113,997) reflects seasoned professionals with specialized skills or management responsibilities.

Base salary tells only part of the compensation story for Management Analysts in Richmond, VA. Total compensation packages commonly include health insurance (valued at $6,000-$15,000 annually for employer contributions), retirement plan matching (typically 3-6% of salary, worth $3,756 per year at the median), paid time off (averaging 15-20 days), and in some cases performance bonuses, stock options, or professional development allowances. When evaluating job offers, Management Analysts should request a total compensation breakdown. A position paying $78,324 with strong benefits may deliver more value than one paying $93,906 with minimal perks.

Cost of living directly impacts how far a Management Analyst's salary goes in Richmond, VA. With a local cost-of-living index of 98.2 (where 100 equals the national average), the median salary of $93,906 provides purchasing power equivalent to approximately $95,627 in an average-cost U.S. city. This balanced cost environment means the salary figure closely reflects actual purchasing power, simplifying financial planning and comparisons with other mid-range markets.

Negotiating Management Analyst compensation in Richmond, VA requires market awareness. The gap between the 25th and 75th percentiles ($78,324 to $113,997) represents the most common negotiation range. Candidates with in-demand certifications, niche expertise, or competing offers have the strongest leverage. In this market, there may be room to push offers closer to national benchmarks, especially for candidates willing to reference out-of-market salary data. Asking for a salary review after 6-12 months, signing bonuses, or additional PTO are effective alternatives when base salary flexibility is limited. On an hourly basis, Management Analysts in this market earn between $29 and $67 per hour, with the median at $45.

Management Analyst Career Path & Growth in Richmond, VA

Entry
$61,309
Early Career
$78,324
Mid Career
$93,906
Experienced
$113,997
Senior
$138,706

The career trajectory for Management Analysts in Richmond, VA shows significant earning potential over time. Entry-level professionals start around $61,309, while top earners reach $138,706, representing a 2.3x increase from start to peak. This progression typically unfolds over 10-20 years and is driven by accumulating expertise, taking on leadership responsibilities, developing specializations, and building a professional reputation. In Richmond, VA's business & finance market, professionals who demonstrate consistent performance improvements and take on increasingly complex projects advance most quickly. Mid-career transitions into management, consulting, or entrepreneurship can also accelerate earnings beyond the standard progression curve.

Management Analysts in Richmond, VA who are exploring career pivots or complementary roles should consider positions such as related professionals in the same field, supervisory roles, and cross-functional positions. These adjacent occupations often share transferable skills and can offer different compensation structures, work environments, or growth trajectories. In Richmond, VA's job market, professionals who develop cross-functional capabilities spanning multiple related roles tend to be more resilient to market shifts and better positioned for leadership opportunities. Lateral moves can also provide valuable perspective that strengthens a professional's long-term career trajectory.

The skills most in demand for Management Analysts in Richmond, VA include industry-specific technical competencies, communication and collaboration skills, analytical thinking, and adaptability to new tools and processes. Employers in Richmond, VA value professionals who combine deep subject-matter expertise with the ability to work effectively across teams and adapt to evolving industry requirements. Pursuing relevant professional certifications can provide a measurable salary boost of 5-15% and signal commitment to the field. Continuous learning through industry conferences, online courses, and professional associations helps Management Analysts stay competitive in Richmond, VA's evolving job market.

More Questions About Management Analyst Salaries in Richmond, VA

What is the starting salary for a Management Analyst in Richmond, VA?

Entry-level Management Analysts in Richmond, VA (10th percentile) earn approximately $61,309 per year, or about $5,109 per month. The 25th percentile, representing early-career professionals with some experience, earns $78,324. These figures reflect base salary only; new hires may also receive benefits worth an additional 20-30% of base pay. Building specialized skills and pursuing relevant certifications are the fastest paths to moving beyond entry-level compensation.

How much do experienced Management Analysts make in Richmond, VA?

Experienced Management Analysts at the 75th percentile earn $113,997 annually in Richmond, VA, while top earners at the 90th percentile make $138,706. The jump from median ($93,906) to 75th percentile represents a 21% increase, typically achieved through 5-10 years of experience, management responsibilities, or specialized expertise. Senior professionals who combine technical depth with leadership skills are best positioned for top-tier compensation.

Is Richmond, VA a good city for Management Analysts?

Richmond, VA offers competitive compensation that closely tracks national averages. With 920 Management Analyst positions in the metro area, the market is smaller but can offer less competition and more personal career development. Quality of life, industry presence, and long-term career trajectory should all factor into your evaluation alongside salary data.

How does Management Analyst pay in Richmond, VA compare to the national average?

The median Management Analyst salary in Richmond, VA is $93,906, which is 5% lower than the national median of $99,410. After adjusting for cost of living, the effective purchasing power is $95,627, which provides a more accurate comparison. Within Virginia, Richmond, VA ranks below some peer metros for this occupation.

What benefits do Management Analysts typically receive in Richmond, VA?

Beyond base salary, Management Analysts in Richmond, VA typically receive health insurance (medical, dental, vision), retirement contributions (401k matching of 3-6%), paid time off (15-25 days annually), and sometimes performance bonuses or profit sharing. The total value of benefits often adds 25-35% on top of base salary, meaning a Management Analyst earning the median of $93,906 may receive total compensation of $122,078 or more. Some employers also offer tuition reimbursement, professional development budgets, flexible work arrangements, and wellness programs.

What skills are most in demand for Management Analysts in Richmond, VA?

Management Analysts in Richmond, VA who command the highest salaries typically combine core technical competencies with strong communication skills, analytical thinking, adaptability, and a commitment to professional development. Employers in this market particularly value professionals who can demonstrate measurable impact, whether through revenue generation, cost savings, process improvements, or team leadership. Certifications relevant to the Business & Finance field can increase earning potential by 5-15%. Staying current with industry trends and emerging technologies is essential for career advancement and salary growth.

Frequently Asked Questions

The median management analyst salary in Richmond, VA is $93,906 per year ($45.15/hour) as of 2026. This is based on official U.S. Bureau of Labor Statistics data. Salaries range from $61,309 for entry-level positions to $138,706 for experienced professionals in the top 10%.

Entry-level management analysts in Richmond, VA typically start at around $61,309 per year ($29.48/hour), representing the 10th percentile. New graduates and those with less than 2 years of experience fall into this range. With experience and skill development, salaries can progress to the median of $93,906 within 3-5 years.

Management Analysts in Richmond, VA earn a median hourly wage of $45.15 per hour. Hourly rates range from $29.48/hour at entry-level (10th percentile) to $66.69/hour for top earners (90th percentile). Based on a standard 2,080-hour work year, this translates to annual salaries between $61,309 and $138,706.

The median management analyst salary of $93,906 in Richmond, VA is slightly below the national median of $99,410 (5.5% lower). The cost of living is also 2% below average. This salary places you at the 50th percentile, meaning half of management analysts in the area earn more and half earn less.

Management Analysts in Richmond, VA earn slightly below the national average. The local median salary of $93,906 is 5.5% lower than the national median of $99,410. The cost of living is also 2% below average. When adjusted for cost of living, the effective salary is approximately $95,627.

The top 10% of management analysts in Richmond, VA earn $138,706 or more per year ($66.69/hour). These top earners typically have 10+ years of experience, advanced certifications, specialized expertise, or hold senior/management positions. The 75th percentile earns $113,997, which is a realistic goal for mid-career professionals.

Key skills that can boost management analyst salary in Richmond, VA include: Strong communication and interpersonal abilities, Problem-solving and critical thinking, Technical proficiency relevant to the field, Attention to detail and organizational skills. Professionals with these skills often earn above the median of $93,906, potentially reaching the 75th percentile ($113,997) or higher. Years of relevant experience

Richmond, VA has a moderate job market for management analysts, with approximately 920 professionals employed in the area. The median salary of $93,906 is slightly below the national average. The cost of living is also 2% below average. Job seekers should consider both salary and local industry demand when evaluating opportunities.

Compare your management analyst salary to these Richmond, VA benchmarks: 10th percentile (entry-level): $61,309, 25th percentile: $78,324, 50th percentile (median): $93,906, 75th percentile: $113,997, 90th percentile (top earners): $138,706. If you earn more than $93,906, you're above average for the area.

Beyond the $93,906 median base salary, management analysts in Richmond, VA typically receive comprehensive benefits including health insurance (medical, dental, vision), retirement plans (401k with employer matching), paid time off (15-25 days), and potentially bonuses or profit-sharing. Total compensation including benefits typically adds 25-40% to base salary value.

Experienced management analysts with 5-10 years in Richmond, VA typically earn $113,997 (75th percentile) to $138,706 (90th percentile) per year. Senior professionals with 10+ years, certifications, or management roles can reach the top 10% at $138,706. Mid-career professionals (3-5 years) usually earn around the median of $93,906.

Management Analysts in Richmond, VA can see significant salary growth over their careers. Entry-level ($61,309) to median ($93,906) typically takes 3-5 years. Reaching the 90th percentile ($138,706) may take 10+ years and often requires specialized skills, certifications, or leadership experience. That's a potential growth of $77,397 over a career.

Data Source & Methodology

Official government statistics you can trust

Primary Source

U.S. Bureau of Labor Statistics

Occupational Employment and Wage Statistics (OEWS) Program

Visit Official BLS Website

Data Year

2024

2 Years Old

Geographic Area

Richmond

Metropolitan Statistical Area

Occupation Code

13-1111

SOC Classification

Sample Size

920

Employees Surveyed

How This Data Is Collected

The OEWS program produces employment and wage estimates annually for over 800 occupations across all metropolitan and nonmetropolitan areas. Approximately 1.1 million establishments are surveyed over a three-year period, representing the most comprehensive wage data available for the U.S. labor market.

Note: Percentile wages represent actual reported wages and may differ from individual compensation packages that include benefits, bonuses, and equity.

Last updated: January 23, 2026

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Management Analyst in Richmond, VA

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Median: $93,906/yr

How Richmond, VA Compares

vs National Average

$99,410

-5.5%

vs Virginia Average

$101,091

-7.1%

Cost-of-Living Adjusted

$95,627

+1.8%

Cost of living in Richmond, VA is 1.8% below the national average.

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