Business & financial operations occupations

Broad Occupation

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2023 Workforce
9.17M
Average Age
43.1
Average Salary
$99,099
Average Male Salary
$117,770
Average Female Salary
$83,470

About

Business & financial operations occupations are most often employed by the uninformed industry. The average yearly wage for Business & financial operations occupations was $99,099 in 2023.

The locations that employ the most Business & financial operations occupations are NYC-Manhattan Community Districts 5 & 6--Midtown, East Midtown, & Flatiron PUMA, NY, Chicago City (North)--Lake View & Lincoln Park PUMA, IL, and Chicago City (Central)--Near North Side, Loop & Near South Side PUMA, IL. The locations with a relatively high concentration of Business & financial operations occupations are N/A.

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Management, business, & financial occupationsManagement, business, science, & arts occupations

Employment

Employment and salary information for the Business & financial operations occupations workforce. Business & financial operations occupations workforce in 2023 was 9,165,888 people, of which 54.4% were women and 45.6% were men. Business & financial operations occupations are paid most in NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY but are relatively concentrated in N/A.

Employment Over Time

Metric
Grouping
4,176,422
Male Workforce
± 49.5k
4,989,466
Female Workforce
± 53.9k

The Business & financial operations occupations workforce in 2023 was 9,165,888 people (54.4% women and 45.6% men). This implies an average annual growth of 40% between 2014 (6,546,899) and 2023 (9,165,888).

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Employment by Location

Level
Metric

This map shows the states in the United States shaded by average wage for Business & financial operations occupations.

During 2023, the states that concentrated the best average annual wage were Connecticut ($130,121), New Jersey ($129,447), and District of Columbia ($127,181).

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Yearly Wage Ranking

$99,099
AVERAGE WAGE
#5 in the ranking (2023)
$67,727
NATIONAL AVERAGE WAGE
For all occupations across the US

In 2023, Business & financial operations occupations earned an average of $99,099, $31,372 more than the average national salary of $67,727

The graph shows the ranking of Business & financial operations occupations in relation to all Broad Occupation in 2023.

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Wage Distribution

Gender
0.4
WAGE GINI

In 2023, Business & financial operations occupations had a wage GINI coefficient of 0.4, which is lower than the national average of 0.476. In other words, wages are distributed more evenly for Business & financial operations occupations (shown in red) than for the overall labor force (shown in gray).

The graphic shows the distribution of average salaries by buckets for Business & financial operations occupations compared to the entire workforce in the country.

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Industry

Information on the industries that employ Business & financial operations occupations and on wages for those in the field. uninformed is the industry that employs the most Business & financial operations occupations, both by share and by number, though the highest paid industry for Business & financial operations occupations, by average wage, is Securities, commodities, funds, trusts & other financial investments ($177,462).

Occupations by Industries

Metric
Value
9.17M
2023 Workforce
± 72,075
3.74%
1 YEAR GROWTH
± 1.08%

This graphic shows the share of Business & financial operations occupations employed by various industries. uninformed employs the largest share of Business & financial operations occupations at 37.3%, followed by Management, scientific & technical consulting services with 24% and Accounting, tax preparation, bookkeeping & payroll services with 20.3%.

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Diversity

Demographic information on Business & financial operations occupations in the US. The workforce of Business & financial operations occupations in 2023 was 9,165,888 people, with 54.4% woman, and 45.6% men. The average age of male Business & financial operations occupations in the workforce is 43.4 and of female Business & financial operations occupations is 42.9, and the most common race/ethnicity for Business & financial operations occupations is White.

Gender and Age

Metric

The workforce of Business & financial operations occupations in 2023 was 9,165,888 people, with 54.4% woman, and 45.6% men.

The age ranges that concentrated the largest workforce were N/A years (N/A people), N/A years (N/A  people), and N/A years (N/A people). Among them they concentrated N/A% of the total workforce.

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Ethnicity

Gender

In N/A, N/A% of Business & financial operations occupations workers were Hispanic and N/A% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting N/A

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Races

In N/A, 69.2% of the Business & financial operations occupations workforce were White, of which N/A% were women and N/A% men. Other races that concentrated a significant number of workers were Black (10.2%) and Asian (8.34%).

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Education & Skills

Data on higher education choices for Business & financial operations occupations from The Department of Education and Census Bureau. The most common major for Business & financial operations occupations is N/A but the most specialized major according to RCA in N/A were N/A.

Among the necessary skills for Business & financial operations occupations, Reading Comprehension stands, but the revealed comparative advantage (RCA) shows that Business & financial operations occupations need more than the average amount of Management of Financial Resources.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.
Type of Majors
Degree

The most common majors achieved by Business & financial operations occupations in N/A (counting all academic degrees) were N/A.

You can review this information for different academic grades by modifying the option selected in the selector above.

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Education Levels

Metric

The main educational levels achieved by the Business & financial operations occupations workers were Bachelors Degree (4,340,286 people), Graduate Degree (2,054,696 people), and Some college (1,246,800 people).

The graphic shows the Business & financial operations occupations workforce by gender and educational level.

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Skills

Chart
Value

Data on the critical and distinctive skills necessary for Business & financial operations occupations from the Bureau of Labor Statistics. Business & financial operations occupations need many skills, but most especially Reading Comprehension, Active Listening, Critical Thinking.

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