Business

Contains Stem Majors

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Average Wage
$109,808
growing 3.8%
People in Workforce
12.2M
growing 2.33%
Average Employee Age
44
growing 0.32%

About

N/A In 2023, the locations with a relatively high number of Business degree recipients are Rialto, CA, Ozark, MO, and King of Prussia, PA. The most common degree awarded to students studying Business is a bachelors degree.

Employment

Information on the businesses and industries that employ Business graduates and on wages and locations for those in the field.

The average salary for Business majors is $109,808 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

The industry that employs the most Business majors is N/A, though the highest paying industry, by average wage, is N/A.

Yearly Income for Common Jobs

$109,808
Average Wage in Workforce
± $788
3.8%
1 Year Growth
± 0.985%

The average salary for Business majors is $109,808 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

This chart shows the average annual salaries of the most common occupations for Business majors.

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Highest Paying Locations

Highest Paying Pumas
  1. NYC-Manhattan Community District 7--Upper West Side PUMA, NY
    $251,097
  2. NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY
    $240,250
  3. Nassau County (Northwest)--North Hempstead Town (North) PUMA, NY
    $239,902

This map shows the public use micro areas (PUMAs) in the United States colored by the average salary of Business majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Business majors live and work in the same place, but it is also possible that they live and work in two different places.

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Most Common

The most common occupations for Business majors, by number of employees, are Accountants & auditors, Other managers, and Financial managers.

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Most Specialized

Compared to other majors, there are an unusually high number of Business majors working as N/A.

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Highest Paid

The highest paid occupations by median income for Business majors are Surgeons, Physicians, and Nuclear medicine technologists and medical dosimetrists.

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Occupations by Share

12.2M
2023 Workforce
± 82,369
2.33%
1 Year Growth
± 0.936%

The number of Business graduates in the workforce has been growing at a rate of 2.33%, from 12M in 2022 to 12.2M in 2023.

The largest single share of Business graduates go on to work as Accountants & auditors (8.91%). This chart shows the various jobs filled by those with a major in Business by share of the total number of graduates.

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Most Common

The most common industries that employ Business majors, by number of employees, are N/A.

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Highest Paid

The highest paying industries of Business majors, by average wage, are N/A.

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Industries by Share

12.2M
2023 Workforce
± 82,369
2.33%
1 Year Growth
± 0.936%

The number of Business graduates in the workforce has been growing at a rate of 2.33%, from 12M in 2022 to 12.2M in 2023.

The industry which employs the most Business graduates by share is N/A, followed by N/A. This visualization shows the industries that hire those who major in Business.

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Specialty Locations

PUMAS with a relatively high number of Business majors
  1. Dallas City (Downtown)--North of I-30 PUMA, TX
    2.97
  2. NYC-Manhattan Community Districts 5 & 6--Midtown, East Midtown, & Flatiron PUMA, NY
    2.91
  3. Chicago City (North)--Lake View & Lincoln Park PUMA, IL
    2.91

This map shows the public use micro areas (PUMAs) in the United States where there are a relatively high population of Business majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Business majors live and work in the same place, but it is also possible that they live and work in two different places.

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Diversity

Demographic information for those who earn a degree in Business in the United States.

The average age of a person in the workforce with a degree in Business is 44.

The most common degree type these workers hold is a Bachelors Degree. White students are the most common race/ethnicty group awarded degrees in Business (410,237 students).

Workforce Age

44
Average Age in 2023
± 0.0906 Years
0.32%
1 Year Change
± 0.291%

This chart shows distribution of ages for employees with a degree in Business. The most common ages of employees with this major are 40 and 39 years old, which represent 2.68% and 2.6% of the population, respectively.

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Degrees Awarded

The most common degree types awarded to students graduating in Business are Bachelors Degree, Masters Degree, and Associates Degree.

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Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity
  1. White
    410,237 degrees awarded
  2. Hispanic or Latino
    130,165 degrees awarded
  3. Black or African American
    88,913 degrees awarded

This chart shows the number of degrees awarded in Business for each race & ethnicity. White students earned the largest share of the degrees with this major.

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