Management, business, science, & arts occupations

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Total Workforce

56.6M

Average Age

43.3

Estimated Job Growth

8.47%

10-year projection

Average Salary

$76,527

Average Male Salary

$95,471

Average Female Salary

$59,978

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 $76,527 in 2016. The top 3 most similar occupations to Management, business, science, & arts occupations by wage are Military specific occupations, Natural resources, construction, & maintenance occupations, and Sales & Office Occupations.

The top 3 locations that employ the most Management, business, science, & arts occupations are Upper East Side PUMA, NY, District of Columbia (Central) PUMA, DC, and Mountain View, Palo Alto & Los Altos Cities PUMA, CA. The top 3 locations with a relatively high concentration of Management, business, science, & arts occupations are District of Columbia (West) PUMA, DC, Upper East Side PUMA, NY, and Cambridge City PUMA, MA.

Employment

Information on the businesses and industries that employ Management, business, science, & arts occupations and on wages and locations 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 Video tape & disk rental. Management, business, science, & arts occupations are paid most in Westchester County (Southeast) PUMA, NY but are relatively concentrated in District of Columbia (West) PUMA, DC.

Wages

Yearly Wage

$76,527

AVERAGE SALARY

± $256

In 2017, Management, business, science, & arts occupations earned an average of $76,527, $24,462 more than than the average national salary of $52,065.

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

0.434

WAGE GINI

In 2017, Management, business, science, & arts occupations had a wage GINI coefficient of 0.434, which is lower than than the national average of 0.479. 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).

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Wage by Location

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Management, business, science, & arts occupations.

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Spatial Concentration

PUMAs with a Relatively High Concentration of Management, business, science, & arts occupations

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Management, business, science, & arts occupations.

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Industries

Most Common

The most common industries employing Management, business, science, & arts occupations, by number of employees, are Elementary & secondary schools, Hospitals, and Colleges, universities & professional schools, including junior colleges.

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Highest Paying

The highest paying industries for Management, business, science, & arts occupations, by average wage, are Video tape & disk rental, Securities, commodities, funds, trusts & other financial investments, and Internet publishing, broadcasting & web search portals.

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Industries by Share

56.6M

2017 Workforce

± 145,078

3.27%

1 YEAR GROWTH

± 0.355%

The number of people employed as Management, business, science, & arts occupations has been growing at a rate of 3.27%, from 54,828,755 people in 2016 to 56,622,936 people in 2017.

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  12.6%, followed by Hospitals with 9.18% and Colleges, universities & professional schools, including junior colleges with 5.51%.

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Diversity

Demographic information on Management, business, science, & arts occupations in the US. The average age of male Management, business, science, & arts occupations in the workforce is 43.9 and of female Management, business, science, & arts occupations is 42.7, and the most common race/ethnicity for Management, business, science, & arts occupations is White.

Gender Composition

26.4M

MALE WORKFORCE

± 114,322

30.2M

FEMALE WORKFORCE

± 120,373

53.4% of Management, business, science, & arts occupations are Female, making them the more common gender in the occupation. This chart shows the gender breakdown of Management, business, science, & arts occupations.

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Race & Ethnicity

Most Common Race or Ethnicity of Management, business, science, & arts occupations

  1. White

  2. Black

  3. Asian

77.2% of Management, business, science, & arts occupations are White, making that the most common race or ethnicity in the occupation. Representing 9.27% of Management, business, science, & arts occupations, Black is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Management, business, science, & arts occupations.

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Age by Gender

43.9

AVERAGE MALE AGE

± 0.0642

42.7

AVERAGE FEMALE AGE

± 0.0584

The median age of Management, business, science, & arts occupations is 43.3, and Male employees are generally 1.26 years older than than their Female counterparts.

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Education

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 a relatively high number of Management, business, science, & arts occupations hold a major in Health.

Majors

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

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Skills

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 Mathematics, Critical Thinking, and Reading Comprehension. The revealed comparative advantage (RCA) shows that Management, business, science, & arts occupations need more than the average amount of Programming, Operations Analysis, and Science.

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Growth Projections

Projections on wages and job growth for Management, business, science, & arts occupations from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Management, business, science, & arts occupations are expected to see a growth of 8.47% over the same period. This occupation is expected to grow higher than the national average.

Job Growth

8.47%

ESTIMATED GROWTH

7.4%

NATIONAL AVERAGE

This line chart shows the 10-year projected employment growth (from 2016 to 2026) for Management, business, science, & arts occupations. This profession is expected to grow faster than 7.4%, the average rate of national job growth.

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