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          03/28/2023

          5:30pm - 7:30pm

          Mediahub

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          2023 Government Affairs Forum: Ronald J. Mariano, Massachusetts Speaker of the House

          Thank you for joining us for our second Government Affairs forum of the year that featured Ronald J. Mariano, Massachusetts Speaker of the House.

          03/30/2023

          9:45am - 11:00am

          Colonnade Hotel

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          Fierce Urgency of Now Festival
          2023 Fierce Urgency of Now Festival

          The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.

          09/12/2023 -

          09/15/2023

          Greater Boston

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          Massachusetts Apprentice Network Anniversary Celebration

          Join the Massachusetts Apprentice Network for the one-year anniversary of its launch.

          03/27/2023

          9:30am - 11:00am

          Greater Boston Chamber of Commerce

          arrow-go
          Read More
        • ...
          BIMA
          BIMA: Gaming’s Present & Future: Creativity, Attention, and Social Connection

          This event will explore why in-game advertising is becoming the next big advertising channel and how companies can tap into the gaming ad space.

          03/28/2023

          5:30pm - 7:30pm

          Mediahub

          arrow-go
          Read More
        • ...
          Events
          2023 Government Affairs Forum: Ronald J. Mariano, Massachusetts Speaker of the House

          Thank you for joining us for our second Government Affairs forum of the year that featured Ronald J. Mariano, Massachusetts Speaker of the House.

          03/30/2023

          9:45am - 11:00am

          Colonnade Hotel

          arrow-go
          Read More
  • Learning & Development
        • Learning & Development

          • Overview
          • Call for Nominations
          • Resources
        • EQ to Elevate Workplace Well-being

          Designed for mid-level managers and supervisors, this new certificate program addresses workplace well-being through unique, innovative, and actionable methods.

          Read More
          Transformational DEI Certificate

          Join our Transformational DEI Certificate! Our comprehensive learning & development offerings are designed to connect and grow strong leaders who lead both inside and out of the office.

          Read More
          Women’s Leadership Program

          Our Women’s Leadership Program enables you to take your leadership to the next level by arming you with the most in-demand leadership toolkit.

          Read More
          How to Be an LGBTQIA+ Ally in the Workplace

          Expand your DEI professional development with a virtual workshop focused specifically on LGBTQIA+ identities and inclusion.

          Read More
  • Economic Inclusion
        • Economic Inclusion

          • Overview
          • Economic Inclusion Committee
          • Fierce Urgency of Now Festival
          • Pacesetters
          • Resources
        • ...
          Economic Inclusion
          Economic Inclusion

          Our Economic Inclusion Committee provides strategic support around research, policies, and programs that are focused on building equal opportunity.

          arrow-go
          Read More
        • ...
          Economic Inclusion
          Pacesetters

          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

          arrow-go
          Read More
        • ...
          Fierce Urgency of Now Festival
          2023 Fierce Urgency of Now Festival

          The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.

          09/12/2023 -

          09/15/2023

          Greater Boston

          arrow-go
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          City Awake

          City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.

          Read More
          BIMA

          BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.

          Read More
          Women’s Network

          For more than 25 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.

          Read More
          MITX

          Through MITX (the Massachusetts Innovation and Technology Exchange), we’re building valuable connections between the people and ideas behind technology and its impact on the future of customer experiences, all to create a community that’s finding tomorrow’s solutions together.

          Read More
          Pacesetters

          We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).

          Read More
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Chamber Releases Commissioned Market Data for MBTA General Manager Salary

PRESS RELEASE

March 6, 2023

Compensation of New General Manager Must be an Investment in the Future of the Region

The future of downtown and the entire Commonwealth hinge on the future of the MBTA. It cannot be overstated that we are at a critical turning point with our public transit system that impacts people, families, neighborhoods, and businesses every day. The oldest public transit system in the country desperately needs a General Manager with the transit expertise to lead and transform the complex operations, systems, and workforce. Securing that transit, operations, and management expert is a priority and will require compensation that meets the demands of the market and ensures that the Commonwealth is wisely investing in a role that will strengthen the MBTA.

The Greater Boston Chamber of Commerce retained Executive Rewards Advisory, a global, independent firm based in Washington, D.C., to analyze the compensation of executives at the largest, most extensive public transportation systems. The report found that we can expect the MBTA will need to offer the chosen General Manager candidate competitive base compensation in the range of $450,000 to $500,000, given the size and complexity of the MBTA as well as the current market for top talent.  The total compensation package will include additional traditional benefits such as health care coverage, retirement contributions, etc.

The report by Executive Rewards Advisory details the compensation of CEOs and General Managers at other large transit systems, including Washington Metropolitan Area Transit Authority, Chicago Transit Authority, SEPTA, New Jersey Transit, LACMTA, BART, MARTA, and Toronto Transit Commission. The Washington Metropolitan Area Transit Authority (WMATA) was the most recent, complex transit system to hire a new CEO: In June 2022, Randy Clarke, a former MBTA manager, was recruited as CEO of WMATA with a base salary of $485,000 salary and a 10% bonus.

Like the transit system in Washington D.C., the MBTA has a large workforce, services hundreds of thousands of riders from across the Commonwealth, and needs to overcome entrenched safety and reliability issues. As of December 2022, the MBTA’s average week of trips totaled more than 3 million, well below pre-Covid numbers, and the new GM will be challenged to grow this ridership at least in part to help mitigate ongoing local highway congestion. The MBTA employs more than 6,000 employees and needs more. In August 2022, federal investigators concluded that the MBTA might need to hire as many as 2,000 more workers to safely run trains, buses, and ferries at existing service levels.

“This is about the future of the service, safety, and culture of the MBTA, and to ensure success, we must invest in hiring the best expert to lead the system forward. This is a long-term investment in a role that will stabilize and transform our T, which is for the benefit of the people of Massachusetts,” said James E. Rooney, President & CEO, Greater Boston Chamber of Commerce. “When the administration hires the General Manager, we must ensure that this leader is successful in turning the T around – and a crucial part of ensuring success is accountability. With the appropriate salary, there is the simultaneous demand for the new General Manager to deliver strong results that benefit the future of the Commonwealth. The Chamber will continue to partner with Governor Healey, Secretary Fiandaca, and the new General Manager to drive impact in the operations, workforce, and performance of the T.”

“The employees of State Street depend on the MBTA every day, and we must have a leader who can successfully manage and inspire confidence in our public transportation system. And, for every community in Massachusetts, the T is a lifeline and resource that is a necessity. The study of the necessary compensation for the General Manager reveals what we know to be true: to fix the current challenges of the T, we need to make a significant, strategic investment in this role,” said Ronald P. O’Hanley, CEO of State Street and Chamber Board Chair.

 

Media Contact: Casey Baines [email protected]

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