Hiring internal IT in Massachusetts often costs $170,000–$220,000 annually when factoring salary, benefits, and regulatory-grade security tooling. Managed IT for a 50-person financial firm typically ranges from $90,000–$150,000 annually, providing access to a full cybersecurity and compliance-aligned support team.
True Cost of Internal IT
- Salary: $110,000–$140,000
- Benefits: 25%
- Security & compliance software: $25,000–$60,000
- Total often exceeds $180,000 annually
What Managed IT Provides
- 24/7 support
- Advanced cybersecurity controls
- Secure remote advisor access
- Fraud mitigation strategies
- Incident response planning
Risk Considerations
Financial firms face elevated exposure to wire fraud and BEC attacks, often resulting in six-figure losses within hours.
When Internal IT Makes Sense
- 150+ employees
- Dedicated internal security team
- Multi-branch infrastructure
Book Your Financial IT Strategy Discussion
Schedule a consultation to compare internal IT costs versus managed services for your specific firm size and regulatory requirements.
