Management, business, & financial occupations

Minor Occupation Group

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    2024 Workforce
    27M
    Average Age
    44.6
    Average Salary
    $113,842
    Average Male Salary
    $133,054
    Average Female Salary
    $92,551

    About

    Management, business, & financial occupations are most often employed by the Construction industry. The average yearly wage for Management, business, & financial occupations was $113,842 in 2024.

    Photo by paul bica
    Management, business, science, & arts occupations

    Employment

    Employment and salary information for the Management, business, & financial occupations workforce. Management, business, & financial occupations workforce in 2024 was 27,048,654 people, of which 47.4% were women and 52.6% were men.

    Management, business, & financial occupations are paid most in Western Central PUMA, CT but are relatively concentrated in NYC-Manhattan Community District 4--Chelsea & Hell's Kitchen PUMA, NY.

    Employment Over Time

    Metric
    Grouping
    14,218,330
    Male Workforce
    ± 88.2k
    12,830,324
    Female Workforce
    ± 84.2k

    The Management, business, & financial occupations workforce in 2024 was 27,048,654 people (47.4% women and 52.6% men). This implies an average annual growth of 37.7% between 2014 (19,649,963) and 2024 (27,048,654).

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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, & financial occupations.

    During 2024, the states that concentrated the best average annual wage were Connecticut ($146,928), District of Columbia ($145,434), and New Jersey ($141,766).

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    Yearly Wage Ranking

    $113,842
    AVERAGE WAGE
    #1 in the ranking (2014)
    $69,878
    NATIONAL AVERAGE WAGE
    For all occupations across the US

    In 2024, Management, business, & financial occupations earned an average of $113,842, $43,964 more than the average national salary of $69,878

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

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    Wage Distribution

    Gender
    0.414
    WAGE GINI

    In 2024, Management, business, & financial occupations had a wage GINI coefficient of 0.414, which is lower than the national average of 0.474. In other words, wages are distributed more evenly for Management, business, & financial 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, & financial occupations compared to the entire workforce in the country.

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    Industry

    Information on the industries that employ Management, business, & financial occupations and on wages for those in the field. Construction is the industry that employs the most Management, business, & financial occupations, both by share and by number, though the highest paid industry for Management, business, & financial occupations, by average wage, is Internet publishing, broadcasting & web search portals ($250,606).

    Occupations by Industries

    Metric
    Value
    27M
    2024 Workforce
    ± 116,013
    3.12%
    1 YEAR GROWTH
    ± 0.593%

    This graphic shows the share of Management, business, & financial occupations employed by various industries. Construction employs the largest share of Management, business, & financial occupations at 35.4%, followed by Restaurants & Food Services with 22.1% and Computer Systems Design with 21.3%.

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    Diversity

    Demographic information on Management, business, & financial occupations in the US. The workforce of Management, business, & financial occupations in 2024 was 27,048,654 people, with 47.4% woman, and 52.6% men. The average age of male Management, business, & financial occupations in the workforce is 45.4 and of female Management, business, & financial occupations is 43.7, and the most common race/ethnicity for Management, business, & financial occupations is White.

    Gender and Age

    Metric

    The workforce of Management, business, & financial occupations in 2024 was 27,048,654 people, with 47.4% woman, and 52.6% men.

    The age ranges that concentrated the largest workforce were 35 to 39 years (3,486,650 people), 40 to 44 years (3,477,960  people), and 50 to 54 years (3,245,665 people). Among them they concentrated 37.8% of the total workforce.

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    Ethnicity

    Gender

    In 2024, 12.9% of Management, business, & financial occupations workers were Hispanic and 87.1% non-Hispanic.

    The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (49.6%), Puerto Rican (13.8)%, and Cuban (5.55)%

    You can review this information by gender using the selectors above.

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    Races

    In 2024, 69.4% of the Management, business, & financial occupations workforce were White, of which 45.5% were women and 54.5% men. Other races that concentrated a significant number of workers were Two or More Races (9.73%) and Black (9.01%).

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    Education & Skills

    Data on higher education choices for Management, business, & financial occupations from The Department of Education and Census Bureau. The most common major for Management, business, & financial occupations is Business but the most specialized major according to RCA in 2024 were Construction.

    Among the necessary skills for Management, business, & financial occupations, Reading Comprehension stands, but the revealed comparative advantage (RCA) shows that Management, business, & financial 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 Management, business, & financial occupations in 2024 (counting all academic degrees) were Business (6,059,853 people), Social Sciences (1,459,993 people), and Engineering (1,343,478 people).

    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 Management, business, & financial occupations workers were Bachelors Degree (10,841,068 people), Graduate Degree (6,134,931 people), and Some college (4,277,002 people).

    The graphic shows the Management, business, & financial 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, & financial occupations from the Bureau of Labor Statistics. Management, business, & financial occupations need many skills, but most especially Reading Comprehension, Active Listening, Critical Thinking.

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