Management, business, science, & arts occupations

Major Occupation Group

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2020 Workforce
58.4M
Average Age
43.2
Average Salary
$81,575
Average Male Salary
$101,445
Average Female Salary
$64,123

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 $81,575 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 District of Columbia (Central) PUMA, DC, Upper East Side PUMA, NY, and Lake View & Lincoln Park PUMA, IL. The top 3 locations with a relatively high concentration of Management, business, science, & arts occupations are District of Columbia (West) PUMA, DC, District of Columbia (Central) PUMA, DC, and Mountain View, Palo Alto & Los Altos Cities PUMA, CA.

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 Internet publishing, broadcasting & web search portals. Management, business, science, & arts occupations are paid most in Battery Park City, Greenwich Village & Soho PUMA, NY but are relatively concentrated in District of Columbia (West) PUMA, DC.

Wages

Yearly Wage

$81,575
AVERAGE SALARY
± $268

In 2020, Management, business, science, & arts occupations earned an average of $81,575, $25,621 more than than the average national salary of $55,954.

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

0.43
WAGE GINI

In 2015, Management, business, science, & arts occupations had a wage GINI coefficient of 0.43, which is lower than than the national average of 0.478. 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

Highest Paying

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

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Industries by Share

58.4M
2020 Workforce
± 146,060
2.8%
1 YEAR GROWTH
± 0.348%

The number of people employed as Management, business, science, & arts occupations has been growing at a rate of 2.8%, from 56,816,696 people in 2019 to 58,405,889 people in 2020.

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  12.4%, followed by General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals with 8.63% and Colleges, universities & professional schools, including junior colleges with 5.54%.

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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 42.6, and the most common race/ethnicity for Management, business, science, & arts occupations is White (Non-Hispanic).

Composition by Sex

27.3M
MALE WORKFORCE
± 115,884
31.1M
FEMALE WORKFORCE
± 121,701

53.2% of Management, business, science, & arts occupations are Female, making them the more common sex in the occupation. This chart shows the sex 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 (Non-Hispanic)
  2. Black (Non-Hispanic)
  3. Asian (Non-Hispanic)

69.1% of Management, business, science, & arts occupations are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 9.1% of Management, business, science, & arts occupations, Black (Non-Hispanic) 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 Sex

43.9
AVERAGE MALE AGE
± 0.0633
42.6
AVERAGE FEMALE AGE
± 0.0577

The median age of Management, business, science, & arts occupations is 43.2, and Male employees are generally 1.25 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 Reading Comprehension and Speaking. The revealed comparative advantage (RCA) shows that Management, business, science, & arts occupations need more than the average amount of Science, Programming, and Operations Analysis.

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