Business & financial operations occupations

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Total Workforce

8.25M

Average Age

43.2

Average Salary

$81,593

Average Male Salary

$97,997

Average Female Salary

$67,884

About

Business & financial operations occupations are most often employed by the Management, scientific & technical consulting services industry. The average yearly wage for Business & financial operations occupations was $81,593 in 2016. The top 3 most similar occupations to Business & financial operations occupations by wage are Healthcare practitioners & technical occupations, Architecture & engineering occupations, and Computer & mathematical occupations.

Business & financial operations occupations are part of the Management, business, & financial occupations, along with Management occupations and Business & financial operations occupations.

The top 3 locations that employ the most Business & financial operations occupations are Lake View & Lincoln Park PUMA, IL, District of Columbia (Central) PUMA, DC, and Near North Side, Loop & Near South Side PUMA, IL. The top 3 locations with a relatively high concentration of Business & financial operations occupations are Lake View & Lincoln Park PUMA, IL, Near North Side, Loop & Near South Side PUMA, IL, and District of Columbia (Central) PUMA, DC.

Photo by paul bica

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

Information on the businesses and industries that employ Business & financial operations occupations and on wages and locations for those in the field. Management, scientific & technical consulting services 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 Footwear manufacturing. Business & financial operations occupations are paid most in Westchester County (Southeast) PUMA, NY but are relatively concentrated in Lake View & Lincoln Park PUMA, IL.

Wages

Yearly Wage

$81,593

AVERAGE SALARY

± $679

In 2018, Business & financial operations occupations earned an average of $81,593, $27,705 more than than the average national salary of $53,888.

Architecture & engineering occupations make somewhat more than Business & financial operations occupations while Healthcare practitioners & technical occupations make somewhat less. This chart shows the various occupations closest to Business & financial operations occupations as measured by average annual salary in the US.

Wage Distribution

0.401

WAGE GINI

In 2018, Business & financial operations occupations had a wage GINI coefficient of 0.401, which is lower than than the national average of 0.479. 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).

Wage by Location

HIGHEST PAYING PUMAS

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Business & financial operations occupations.

Spatial Concentration

PUMAs with a Relatively High Concentration of Business & financial operations occupations

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Business & financial operations occupations.

Industries

Most Common

The most common industries employing Business & financial operations occupations, by number of employees, are Management, scientific & technical consulting services, Accounting, tax preparation, bookkeeping & payroll services, and Insurance carriers.

Highest Paying

The highest paying industries for Business & financial operations occupations, by average wage, are Footwear manufacturing, Securities, commodities, funds, trusts & other financial investments, Securities, commodities, funds, trusts & other financial investments, Oil & gas extraction, Metal ore mining, and Pharmaceutical & medicine manufacturing.

Industries by Share

8.25M

2018 Workforce

± 68,532

12.4%

1 YEAR GROWTH

± 1.08%

The number of people employed as Business & financial operations occupations has been growing at a rate of 12.4%, from 7,339,420 people in 2017 to 8,246,778 people in 2018.

This graphic shows the share of Business & financial operations occupations employed by various industries. Management, scientific & technical consulting services employs the largest share of Business & financial operations occupations at 7.56%, followed by Accounting, tax preparation, bookkeeping & payroll services with 6.7% and Insurance carriers with 6.23%.

Diversity

Demographic information on Business & financial operations occupations in the US. The average age of male Business & financial operations occupations in the workforce is 43.6 and of female Business & financial operations occupations is 43, and the most common race/ethnicity for Business & financial operations occupations is White (Non-Hispanic).

Gender Composition

3.75M

MALE WORKFORCE

± 46,970

4.49M

FEMALE WORKFORCE

± 51,249

54.5% of Business & financial operations occupations are Female, making them the more common gender in the occupation. This chart shows the gender breakdown of Business & financial operations occupations.

Race & Ethnicity

Most Common Race or Ethnicity of Business & financial operations occupations

White (Non-Hispanic)
Black (Non-Hispanic)
Asian (Non-Hispanic)

69.5% of Business & financial operations occupations are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 9.39% of Business & financial operations occupations, Black (Non-Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Business & financial operations occupations.

Age by Gender

43.6

AVERAGE MALE AGE

± 0.174

AVERAGE FEMALE AGE

± 0.147

The median age of Business & financial operations occupations is 43.2, and Male employees are generally 0.629 years older than than their Female counterparts.

Education

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 Business but a relatively high number of Business & financial operations occupations hold a major in Business.

Majors

ACS PUMS data only shows the major for bachelor's degree-majorss. However, we can filter the data based on highest degree-majors obtained.

MOST COMMON MAJORS

MOST SPECIALIZED MAJORS

Skills

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 Active Listening. The revealed comparative advantage (RCA) shows that Business & financial operations occupations need more than the average amount of Management of Financial Resources, Negotiation, and Management of Material Resources.