Management of companies & enterprises

Industry Sub-Sector

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Workforce Population

198k

2023

Average Employee Age

43.4

2023

Estimated Job Growth

7.51%

10-Year Projection

Average Salary

$119,786

2023

Average Male Salary

$145,082

2023

Average Female Salary

$96,708

2023

About

The top three occupations in the Management of companies & enterprises Industry Sub-Sector are other managers, chief executives & legislators, and accountants & auditors. On average, full-time employees in the Management of companies & enterprises Industry Sub-Sector work 44.1 hours per week and have an average annual salary of $124,151. Part-time employees in the same industry work 21.8 hours and earn an average annual salary of $57,373.

The locations with the highest concentration of employees in the Management of companies & enterprises Industry Sub-Sector are Nashville/Davidson County--West Nashville, Green Hills & Bellevue PUMA, TN, Harris County (Far North)--Tomball City & The Woodlands (Southwest) PUMA, TX, and Washington County (Northeast)--Beaverton City (East & Central) & Cedar Mill PUMA, OR.

The workforce of Management of companies & enterprises Industry Sub-Sector in 2023 was 198,017 people, with 52.3% woman, and 47.7% men.

In 2023, 69.1% of the workforce in the Management of companies & enterprises Industry Sub-Sector was White (136,923 people), of which 52.1% were women and 47.9% men.

Professional, Scientific & Management, and Administrative & Waste Management Services

Employment & Salaries

A snapshot of workforce, wages, and opportunities in the Management of companies & enterprises Industry Sub-Sector.

The workforce in Management of companies & enterprises Industry Sub-Sector was 198,017 people and is concentrated in Texas (23,536 workers). The average annual salary was $119,786, being $52,059 more than the national average salary, which was $67,727.

Monthly Employment

Start Year

Y-Axis

3.36%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 2.52M people employed in the Management of Companies and Enterprises industry. This represents a 3.36% increase in employment when compared to February 2022.

This chart shows monthly employment numbers for Management of Companies and Enterprises over time (non-seasonally adjusted).

Employment by Location

The states that concentrated the largest workforce in 2023 were Texas (23.5k), California (21.5k), and Florida (11.7k).

This map shows the states in the United States shaded by workforce for Management of companies & enterprises Industry Sub-Sector.

Yearly Wage Ranking

In 2023, Management of companies & enterprises Industry Sub-Sector had an average annual wage of $119,786, $52,059 more than the average national salary of $67,727.

The graph shows the position of Management of companies & enterprises Industry Sub-Sector in the ranking of industries by average annual wage.

Wage Distribution

0.423

WAGE GINI

Management of companies & enterprises has a wage GINI of 0.423, which is less than than the national average of 0.476. In other words, wages are distributed more evenly in Management of companies & enterprises (shown in red) in comparison to the national average for those wage buckets (shown in gray).

The graphic shows the distribution of average salaries by buckets for Management of companies & enterprises Industry Sub-Sector workers compared to the entire workforce in the country.

Occupations

A review of jobs and wages in the Management of companies & enterprises Industry Sub-Sector.

Other managers are the most common position with 17,816 workers, but the Management of companies & enterprises Industry Sub-Sector employs a relatively high number of Chief executives & legislators and Accountants & auditors.

The highest average salary in Management of companies & enterprises goes to Physicians.

Occupations Distribution

The graph shows the distribution of employees in the Management of companies & enterprises Industry Sub-Sector according to occupations. In 2023, the occupations that concentrated the largest number of employees in this industry were other managers (17,816 people), chief executives & legislators (8,301 people), and accountants & auditors (7,731 people)

Wage by Sex in Common Jobs

$145,082

AVERAGE MALE SALARY

±$10,872

$96,708

AVERAGE FEMALE SALARY

±$6,964

On average, Male workers in the Management of companies & enterprises Industry Sub-Sector make 1.5 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Management of companies & enterprises Industry Sub-Sector.

Business

Estimates of the sources of the costs and the purchasers of the products in the Management of companies & enterprises Industry Sub-Sector. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries.

The industrial flow illustrates the intermediate inputs and the use of outputs of the Management of companies & enterprises Industry Sub-Sector.

The Management of companies & enterprises Industry Sub-Sector gets the most input, by its share of the cost of all intermediate inputs, from the Professional and business services Industry.

California and Texas stand out as the states with the largest number of establishments in the Management of companies & enterprises Industry Sub-Sector.

Industrial Flow

The closest comparable data for Management of companies & enterprises is from Professional, Scientific & Management, and Administrative & Waste Management Services.

Professional and business services has the highest single input, by dollars, to the Management of companies & enterprises Industry Sub-Sector, and the largest industry purchasing services from the Management of companies & enterprises Industry Sub-Sector is Professional and business services.

In this flow diagram, all of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

Intermediate Inputs

The closest comparable data for Management of companies & enterprises is from Professional, Scientific & Management, and Administrative & Waste Management Services.

HIGHEST INPUT INDUSTRY

Professional and business services
Manufacturing
Finance, insurance, real estate, rental, and leasing

The Management of companies & enterprises Industry Sub-Sector gets the most input, by its share of the cost of all intermediate inputs, from the Professional and business services Industry. This visualization does not include labor and capital costs.

Use of Output by Other Industries

The closest comparable data for Management of companies & enterprises is from Professional, Scientific & Management, and Administrative & Waste Management Services.

LARGEST PURCHASING INDUSTRY

The Professional and business services Industry purchases the greatest share of products and services from the Management of companies & enterprises Industry Sub-Sector in order to produce other goods and services. Purchases of the Management of companies & enterprises Industry Sub-Sector for final consumption by consumers, businesses, or government are not included here.

Establishments

States with more establishments in 2022

California
4,785
Texas
4,544
New York
2,885

The charts shows the distribution of establishments in the Management of companies & enterprises industry by states and the number of establishments according to size.

Diversity

Demographic information on the Management of companies & enterprises Industry Sub-Sector in the US.

Of the total workforce, 52.3% corresponds to women and 47.7% men. Male employees tend to earn more than Female employees, with average respective salaries of $145,082 and $96,708.

77.9% of workers have a bachelors degree, graduate degree or some college.

Gender and Age

103,550

Women

52.3%

94,467

Men

47.7%

The workforce of Management of companies & enterprises industry in 2023 was 198,017 people, with 52.3% woman, and 47.7% men.

The visualization shows the distribution of the workforce by gender and age in Management of companies & enterprises industry.

Races

In 2023, 69.1% of the workforce in the Management of companies & enterprises industry was White (136,923 people), of which 52.1% were women and 47.9% men.

Other races that concentrated a significant number of workers were Black and Asian.

Educational Levels

The main educational levels achieved by the Management of companies & enterprises workers in 2023 were bachelors degree (77,987 people), graduate degree (45,676 people), and some college (30,624 people).

The chart shows the Management of companies & enterprises workforce by gender and educational level.

Projections

Growth projections of the Management of Companies and Enterprises industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 7.51% in the next ten years. The Management of Companies and Enterprises industry has a lower projected workforce growth at 7.51%. Its projected 10-year growth in output (27.1%) is lower than the projected national growth in output (27.1%).

Job Growth

For growth projections, the closest comparable industry reported by the Bureau of Labor Statistics is Management of Companies and Enterprises.

7.51%

Estimated Job Growth

10-year Projection

7.51%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Management of Companies and Enterprises. This industry is expected to grow approximately the same than 7.51%, the average rate of national job growth.

Output Growth

For growth projections, the closest comparable industry reported by the Bureau of Labor Statistics is Management of Companies and Enterprises.

27.1%

Estimate Growth

10-year Projection

This line chart shows the projected 10-year growth in output of the Management of Companies and Enterprises industry.