Salary Guide
Aon Salaries in Massachusetts: Complete Compensation Analysis
Considering a career at Aon in Massachusetts? Our comprehensive salary guide provides accurate compensation data across various roles, experience levels, and departments to help you negotiate with confidence and understand your market value. Interview coming up? Check out Job Bridge for real time AI assistance.
Key Salary Insights for Aon
Average Base Salary
$110,000
Across all positions in Massachusetts
Salary Range
$65,000 - $200,000
From entry-level to executive positions
Industry Comparison
5% Above
Compared to industry average in Massachusetts
Total Compensation
+15%
Average bonus, stock options, and benefits
Location Factor: Massachusetts
Working at Aon in Massachusetts comes with specific geographical considerations:
- Cost of living index: 110 (U.S. average = 100)
- Average housing cost: $2,000/month for 1-bedroom apartment
- State income tax rate: 5.05%
- Regional salary adjustment factor: 5% higher than national average
- Remote work opportunities: Hybrid
Salary Negotiation Tips for Aon
Based on our research and feedback from successful candidates, here are effective negotiation strategies specific to Aon:
- Highlight Actuarial science expertise that commands premium compensation
- Research indicates Aon typically has 5% flexibility on initial offers
- Negotiating for flexible work schedule may be more successful than base salary increases
- Emphasize client retention that aligns with company values
- Consider end of year which has proven effective
Recent Compensation Trends at Aon
Our analysis shows the following significant trends in Aon's compensation strategy over the past year:
- 8% increase in starting salaries for Data Analyst positions
- New emphasis on Mental health resources as part of compensation packages
- Shift towards Performance-based bonuses
- Increased investment in Referral bonuses
- Annual salary reviews to remain competitive in Massachusetts
Employee Testimonials
"After 4 years at Aon in Massachusetts, I've seen my compensation grow by approximately 8% annually. The company values problem-solving and rewards it consistently through merit-based raises."
- Anonymous, Consultant
"The total compensation at Aon is competitive, but what really stands out is flexible work arrangement. This has added significant value to my overall package, worth approximately $10,000 annually."
- Anonymous, Actuary
Salary Comparison with Competitors
| Company | Avg. Base Salary | Bonus | Equity | Total |
|---|---|---|---|---|
| Aon | $110,000 | 10% | 5% | $126,500 |
| Marsh McLennan | $105,000 | 8% | 3% | $117,300 |
| Willis Towers Watson | $108,000 | 9% | 4% | $122,700 |
| Mercer | $100,000 | 7% | 2% | $110,700 |
Educational Impact on Salary
Your educational background can significantly influence your earning potential at Aon. Here's how education typically impacts salaries:
Advanced Degree (Ph.D., MBA)
+15% premium
Most valued in: Reinsurance, Retirement Solutions
Master's Degree
+10% premium
Most valued in: Risk Management, Insurance Solutions
Bachelor's Degree
Base level
Standard requirement for most positions
Industry Certifications
+3% per certification
Most valued: CFA, CAS, CPCU
Promotion and Raise Cycles
Understanding Aon's promotion and raise cycles can help you time your career moves strategically:
- Annual performance reviews typically conducted in December
- Average annual salary increase: 4% for meeting expectations, 7% for exceeding
- Promotion eligibility typically requires 2 years in current role
- Average salary bump with promotion: 8-15%
- Bonus determinations made in November, paid in February
- Off-cycle raises most common in Exceptional performance
Methodology & Data Sources
Our salary data has been meticulously compiled and verified through multiple sources:
- 3,500 verified salary reports from current and former employees (collected January 2024-September 2024)
- Analysis of 700 job postings from Aon in Massachusetts (collected January 2024-September 2024)
- Interviews with 15 recruiters specializing in Aon placements
- Data from Bureau of Labor Statistics for Massachusetts
- Industry compensation surveys from Glassdoor, Salary.com, and Indeed
- Proprietary JobBridge salary database with 35,000 data points
This data is accurate as of October 2024 and represents a comprehensive view of Aon's compensation structure in Massachusetts.
Frequently Asked Questions
About This Salary Data
Our Aon salary data has been meticulously compiled from multiple reliable sources, including:
- 3,500 verified salary reports from current and former employees
- Data from job postings across major job boards
- Information from professional recruiters specializing in Aon placements
- Industry salary surveys and governmental labor statistics
- Anonymous compensation details shared through our proprietary network
This data was last updated on October 25, 2024, making it one of the most current and accurate salary resources available for Aon in Massachusetts.
Salary by Department
| Department | Entry Level | Mid Level | Senior Level |
|---|---|---|---|
| Insurance Solutions | $75,000 | $110,000 | $150,000 |
| Reinsurance | $80,000 | $120,000 | $160,000 |
| Risk Management | $70,000 | $105,000 | $145,000 |
| Retirement Solutions | $78,000 | $115,000 | $155,000 |
| Health Solutions | $85,000 | $125,000 | $170,000 |
| Technology | $90,000 | $130,000 | $180,000 |
Top-Paying Roles at Aon
Based on our research, these are the highest-paying positions at Aon in Massachusetts:
1. Managing Director
$200,000
Typical requirements: 15+ years experience, proven leadership
2. Senior Vice President
$180,000
Typical requirements: 10+ years experience, significant client management
3. Vice President
$150,000
Typical requirements: 7+ years experience, team leadership
4. Director
$130,000
Typical requirements: 5+ years experience, expertise in a specific area
5. Senior Consultant
$110,000
Typical requirements: 3+ years experience, strong analytical skills
How Aon Salaries Compare to Market
Total Compensation Analysis
At Aon, base salary is just one component of the total compensation package. Here's what you can expect in terms of additional benefits and compensation:
Bonuses
5-15%
Annual performance bonus (% of base salary)
Equity
2-10%
Stock options/RSUs (% of annual compensation)
401(k) Match
Up to 4%
Employer match for retirement contributions
Healthcare Value
$10,000/year
Estimated value of medical, dental, vision coverage
Additional benefits at Aon include:
Salary by Experience Level
Years of experience significantly impact your earning potential at Aon. Here's how salaries typically progress based on experience:
Salary Progression by Years of Experience
Compensation Research Team
JobBridge Salary Experts
Last updated: October 26, 2024 • Data accuracy verified by our research team