Management of companies & enterprises

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Workforce
2.37M
2018 BLS Estimate
Average Employee Age
44
Estimated Job Growth
0.5%
10-Year Projection
Average Salary
$91,613
Average Male Salary
$113,715
Average Female Salary
$73,049

About

The top three occupations in the Management of companies & enterprises Industry Group are Other managers, Accountants & auditors, Customer service representatives, Firstline supervisors of office & administrative support workers, and Chief executives & legislators. On average, full-time employees in the Management of companies & enterprises Industry Group work 44.3 hours per week and have an average annual salary of $96,262. Part-time employees in the same industry work 23.6 hours and earn an average annual salary of $29,390.

The locations with the highest concentration of employees in the Management of companies & enterprises Industry Group are Maine, Norwood Park Townships & Chicago CityEdison Park PUMA, IL, Nashville-Davidson (North) PUMA, TN, and South of Market & Potrero PUMA, CA. The industry that purchases the most products or services from the Hospitals Industry Group is Management of companies & enterprises.

Workforce

A snapshot of jobs, wages, and opportunities in the Management of companies & enterprises Industry Group. Other managers are the most common position, but the Management of companies & enterprises Industry Group employs a relatively high number of Training & development managers, compared to other industries. 

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

Occupations

Occupations by Share

2.37M
Workforce (BLS Estimate)
ACS Estimate: 260k
30.2%
1 Year Growth
± 5.6%

The Bureau of Labor Statistics estimates that there were 2.37M people employed in the Management of companies & enterprises Industry Group in 2018.

According to ACS estimates, the number of people employed in the Management of companies & enterprises Industry Group has been growing at a rate of 30.2%, , from 200k people in 2017 to 260k people in 2018.

The following graphic shows the share of employment in Management of companies & enterprises by various occupations according to ACS estimates. Other managers represent the largest share of positions held in Management of companies & enterprises at 8.58%, followed by Accountants & auditors with 6.85% and Customer service representatives with 3.08%.

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Most Common

The most common occupations in the Management of companies & enterprises Industry Group, by number of employees, are Other managers, Accountants & auditors, Customer service representatives, Firstline supervisors of office & administrative support workers, and Chief executives & legislators.

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Most Specialized

Compared to other Industry Groups, Management of companies & enterprises employs an unusually high number of Training & development managers, Information security analysts, and Credit authorizers, checkers, & clerks.

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Highest Paid

The highest paid occupations in Management of companies & enterprises, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Chief executives & legislators.

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Wages

Average Salary

$91,613
AVERAGE WAGE
± $4,455

On average, employees in the Management of companies & enterprises Industry Group make $91,613 per year. This number makes Management of companies & enterprises the 16 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

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Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Management of companies & enterprises Industry Group.

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Wage Distribution

0.432
WAGE GINI

Management of companies & enterprises has a wage GINI of 0.432, which is less than than the national average of 0.479. 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).

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Opportunities

Spatial Concentration

This map shows the PUMAs in the United States that have revealed comparative advantage in the Management of companies & enterprises Industry Group.

These are locations that employ more people in the Management of companies & enterprises Industry Group than expected given both the size of that location's overall labor pool and the national size of the Management of companies & enterprises Industry Group.

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Diversity

Demographic information on the Management of companies & enterprises Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $113,715 and $73,049. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

141k
FEMALE WORKFORCE
±9.23k
119k
MALE WORKFORCE
±8.46k

54.4% of workers in the Management of companies & enterprises Industry Group are Female, making them the more common gender in the workforce. This chart shows the gender breakdown of the Management of companies & enterprises Industry Group.

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Wage by Gender in Common Jobs

$113,715
AVERAGE MALE SALARY
±$7,596
$73,049
AVERAGE FEMALE SALARY
±$4,824

On average, Male workers in the Management of companies & enterprises Industry Group make 1.56 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Management of companies & enterprises Industry Group.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY
  1. Asian
  2. White
  3. Black

On average, Asian employees in the Management of companies & enterprises Industry Group earn 1.11 times more than other races and ethnicities. This chart shows the race and ethnicity-based wage disparities in the 5 most common occupations in the Management of companies & enterprises Industry Group.

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Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Management of companies & enterprises Industry Group. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries. Professional and business services has the highest single input, by dollars, to the Management of companies & enterprises Industry Group, and the largest industry purchasing services from the Management of companies & enterprises Industry Group is Professional and business services.

In this visualization, click on a category to expand or collapse it. 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.

Industrial Flow

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

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

The Management of companies & enterprises Industry Group 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.

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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.

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

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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 6.89% in the next ten years. The management of companies and enterprises industry has a lower projected workforce growth at 0.5%. Its projected 10-year growth in output (1.8%) is lower than the projected national growth in output (22.9%).

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is management of companies and enterprises.
0.5%
ESTIMATED GROWTH

This line chart shows the projected 10-year growth in the number of jobs for the management of companies and enterprises industry.

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Output Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is management of companies and enterprises.
1.8%
ESTIMATED GROWTH

This line chart shows the projected 10-year growth in output of the management of companies and enterprises industry.

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