Management, business, science, & arts occupations

Major Occupation Group

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2023 Workforce
64.4M
Average Age
43.2
Average Salary
$96,972
Average Male Salary
$119,463
Average Female Salary
$77,041

About

Management, business, science, & arts occupations are most often employed by the Elementary & secondary schools industry. The average yearly wage for Management, business, science, & arts occupations was $96,972 in 2023.

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Employment

Employment and salary information for the Management, business, science, & arts occupations workforce. Management, business, science, & arts occupations workforce in 2023 was 64,442,515 people, of which 53% were women and 47% were men. Management, business, science, & arts occupations are paid most in Santa Clara County (Southwest)--Cupertino, Saratoga Cities & Los Gatos Town PUMA, CA but are relatively concentrated in District of Columbia (West) PUMA, DC.

Employment Over Time

Metric
Grouping
30,276,007
Male Workforce
± 121k
34,166,508
Female Workforce
± 127k

The Management, business, science, & arts occupations workforce in 2023 was 64,442,515 people (53% women and 47% men). This implies an average annual growth of 29.3% between 2014 (49,828,164) and 2023 (64,442,515).

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Employment by Location

Level
Metric

This map shows the states in the United States shaded by average wage for Management, business, science, & arts occupations.

During 2023, the states that concentrated the best average annual wage were District of Columbia ($135,680), California ($116,996), and New Jersey ($116,669).

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Yearly Wage Ranking

$96,972
AVERAGE WAGE
#1 in the ranking (2023)
$67,727
NATIONAL AVERAGE WAGE
For all occupations across the US

In 2023, Management, business, science, & arts occupations earned an average of $96,972, $29,245 more than the average national salary of $67,727

Management, business, science, & arts occupations are the highest paid occupation in the US followed by Military specific occupations. This chart shows the various occupations closest to Management, business, science, & arts occupations as measured by average annual salary in the US.

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Wage Distribution

Gender
0.431
WAGE GINI

In 2023, Management, business, science, & arts occupations had a wage GINI coefficient of 0.431, which is lower than the national average of 0.476. In other words, wages are distributed more evenly for Management, business, science, & arts occupations (shown in red) than for the overall labor force (shown in gray).

The graphic shows the distribution of average salaries by buckets for Management, business, science, & arts occupations compared to the entire workforce in the country.

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Industry

Information on the industries that employ Management, business, science, & arts occupations and on wages for those in the field. Elementary & secondary schools is the industry that employs the most Management, business, science, & arts occupations, both by share and by number, though the highest paid industry for Management, business, science, & arts occupations, by average wage, is Securities, commodities, funds, trusts & other financial investments ($186,216).

Occupations by Industries

Metric
Value
64.4M
2023 Workforce
± 150,091
3.17%
1 YEAR GROWTH
± 0.323%

This graphic shows the share of Management, business, science, & arts occupations employed by various industries. Elementary & secondary schools employs the largest share of Management, business, science, & arts occupations at 35.6%, followed by General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals with 24.4% and uninformed with 24%.

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Diversity

Demographic information on Management, business, science, & arts occupations in the US. The workforce of Management, business, science, & arts occupations in 2023 was 64,442,515 people, with 53% woman, and 47% men. The average age of male Management, business, science, & arts occupations in the workforce is 44 and of female Management, business, science, & arts occupations is 42.6, and the most common race/ethnicity for Management, business, science, & arts occupations is White.

Gender and Age

Metric

The workforce of Management, business, science, & arts occupations in 2023 was 64,442,515 people, with 53% woman, and 47% men.

The age ranges that concentrated the largest workforce were 30 to 34 years (8,266,630 people), 35 to 39 years (8,187,369  people), and 40 to 44 years (7,758,593 people). Among them they concentrated 37.6% of the total workforce.

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Ethnicity

Gender

In 2023, 12.1% of Management, business, science, & arts occupations workers were Hispanic and 87.9% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (49.3%), Puerto Rican (14.7)%, and Cuban (5.55)%

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Races

In 2023, 69.5% of the Management, business, science, & arts occupations workforce were White, of which 52.3% were women and 47.7% men. Other races that concentrated a significant number of workers were Black (9.4%) and Asian (8.79%).

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Education & Skills

Data on higher education choices for Management, business, science, & arts occupations from The Department of Education and Census Bureau. The most common major for Management, business, science, & arts occupations is Business but the most specialized major according to RCA in 2023 were Health.

Among the necessary skills for Management, business, science, & arts occupations, Reading Comprehension stands, but the revealed comparative advantage (RCA) shows that Management, business, science, & arts occupations need more than the average amount of Science.

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 Management, business, science, & arts occupations in 2023 (counting all academic degrees) were Business (8,219,463 people), Education (4,221,909 people), and Health (4,161,756 people).

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Education Levels

Metric

The main educational levels achieved by the Management, business, science, & arts occupations workers were Bachelors Degree (24,260,280 people), Graduate Degree (19,274,178 people), and Some college (8,636,969 people).

The graphic shows the Management, business, science, & arts occupations workforce by gender and educational level.

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Skills

Chart
Value

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

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