Management, scientific & technical consulting services

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Workforce

1.48M

2018 BLS Estimate

Average Employee Age

43.6

Estimated Job Growth

1.8%

10-Year Projection

Average Salary

$94,255

Average Male Salary

$107,592

Average Female Salary

$75,582

About

The top three occupations in the Management, scientific & technical consulting services Industry Group are Management analysts, Other managers, Chief executives & legislators, Project management specialists, and Market research analysts & marketing specialists. On average, full-time employees in the Management, scientific & technical consulting services Industry Group work 45.5 hours per week and have an average annual salary of $103,054. Part-time employees in the same industry work 21.5 hours and earn an average annual salary of $41,523.

The locations with the highest concentration of employees in the Management, scientific & technical consulting services Industry Group are District of Columbia (Central) PUMA, DC, Near North Side, Loop & Near South Side PUMA, IL, and Arlington County (North) PUMA, VA. The industry that purchases the most products or services from the Hospitals Industry Group is Management, scientific & technical consulting services.

Workforce

A snapshot of jobs, wages, and opportunities in the Management, scientific & technical consulting services Industry Group. Management analysts are the most common position, but the Management, scientific & technical consulting services Industry Group employs a relatively high number of Management analysts, compared to other industries. 

The highest average salary in Management, scientific & technical consulting services goes to Human resources assistants, except payroll & timekeeping.

Occupations

Occupations by Share

1.48M

Workforce (BLS Estimate)

ACS Estimate: 1.55M

5.84%

1 Year Growth

± 2.66%

The Bureau of Labor Statistics estimates that there were 1.48M people employed in the Management, scientific & technical consulting services Industry Group in 2018.

According to ACS estimates, the number of people employed in the Management, scientific & technical consulting services Industry Group has been growing at a rate of 5.84%, , from 1.47M people in 2017 to 1.55M people in 2018.

The following graphic shows the share of employment in Management, scientific & technical consulting services by various occupations according to ACS estimates. Management analysts represent the largest share of positions held in Management, scientific & technical consulting services at 26%, followed by Other managers with 8.49% and Chief executives & legislators with 3.51%.

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Most Common

The most common occupations in the Management, scientific & technical consulting services Industry Group, by number of employees, are Management analysts, Other managers, Chief executives & legislators, Project management specialists, and Market research analysts & marketing specialists.

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Most Specialized

Compared to other Industry Groups, Management, scientific & technical consulting services employs an unusually high number of Management analysts, Market research analysts & marketing specialists, and Environmental scientists and specialists, including health.

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Highest Paid

The highest paid occupations in Management, scientific & technical consulting services, by average wage, are Human resources assistants, except payroll & timekeeping, Legal support workers, all other, and Commercial and industrial designers.

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Wages

Average Salary

$94,255

AVERAGE WAGE

± $1,897

On average, employees in the Management, scientific & technical consulting services Industry Group make $94,255 per year. This number makes Management, scientific & technical consulting services the 12 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, scientific & technical consulting services Industry Group.

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Wage Distribution

0.45

WAGE GINI

Management, scientific & technical consulting services has a wage GINI of 0.45, which is less than than the national average of 0.479. In other words, wages are distributed more evenly in Management, scientific & technical consulting services (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, scientific & technical consulting services Industry Group.

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

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Diversity

Demographic information on the Management, scientific & technical consulting services Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $107,592 and $75,582. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

648k

FEMALE WORKFORCE

±19.7k

907k

MALE WORKFORCE

±23.3k

58.3% of workers in the Management, scientific & technical consulting services Industry Group are Male, making them the more common gender in the workforce. This chart shows the gender breakdown of the Management, scientific & technical consulting services Industry Group.

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Wage by Gender in Common Jobs

$107,592

AVERAGE MALE SALARY

±$2,734

$75,582

AVERAGE FEMALE SALARY

±$2,348

On average, Male workers in the Management, scientific & technical consulting services Industry Group make 1.42 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Management, scientific & technical consulting services Industry Group.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

  1. Native Hawaiian and Other Pacific Islander

  2. White

  3. Asian

On average, Native Hawaiian and Other Pacific Islander employees in the Management, scientific & technical consulting services Industry Group earn 1.19 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, scientific & technical consulting services Industry Group.

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Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Management, scientific & technical consulting services 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, scientific & technical consulting services Industry Group, and the largest industry purchasing services from the Management, scientific & technical consulting services 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, scientific & technical consulting services is from Professional, Scientific & Management, and Administrative & Waste Management Services.

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Intermediate Inputs

The closest comparable data for Management, scientific & technical consulting services is from Professional, Scientific & Management, and Administrative & Waste Management Services.

The Management, scientific & technical consulting services 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, scientific & technical consulting services 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, scientific & technical consulting services Industry Group in order to produce other goods and services. Purchases of the Management, scientific & technical consulting services Industry Group for final consumption by consumers, businesses, or government are not included here.

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Projections

Growth projections of the management and technical consulting services 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 and technical consulting services industry has a lower projected workforce growth at 1.8%. Its projected 10-year growth in output (2.4%) 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 and technical consulting services.

1.8%

ESTIMATED GROWTH

This line chart shows the projected 10-year growth in the number of jobs for the management and technical consulting services industry.

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Output Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is management and technical consulting services.

2.4%

ESTIMATED GROWTH

This line chart shows the projected 10-year growth in output of the management and technical consulting services industry.

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