Management, business, & financial occupations

Minor Occupation Group

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2020 Workforce

23.4M

Average Age

44.6

Average Salary

$94,769

Average Male Salary

$111,671

Average Female Salary

$75,232

About

Management, business, & financial occupations are most often employed by the Construction industry. The average yearly wage for Management, business, & financial occupations was $94,769 in 2020.

The locations that employ the most Management, business, & financial occupations are Upper East Side PUMA, NY, District of Columbia (Central) PUMA, DC, and Near North Side, Loop & Near South Side PUMA, IL. The locations with a relatively high concentration of Management, business, & financial occupations are Battery Park City, Greenwich Village & Soho PUMA, NY, Murray Hill, Gramercy & Stuyvesant Town PUMA, NY, and Chelsea, Clinton & Midtown Business District PUMA, NY.

Photo by paul bica

Management, business, science, & arts occupations

Employment and salary information for the Management, business, & financial occupations workforce. Management, business, & financial occupations workforce in 2020 was 23,413,817 people, of which 46.4% were women and 53.6% were men. Management, business, & financial occupations are paid most in Fairfield, New Canaan, Wilton, Weston & Easton Towns PUMA, CT but are relatively concentrated in Battery Park City, Greenwich Village & Soho PUMA, NY.

Employment Over Time

Metric

Grouping

12,553,020

Male Workforce

± 83.2k

10,860,797

Female Workforce

± 77.9k

The Management, business, & financial occupations workforce in 2020 was 23,413,817 people (46.4% women and 53.6% men). This implies an average annual growth of 19.8% between 2014 (19,539,142) and 2020 (23,413,817).

Employment by Location

Level

Metric

This map shows the states in the United States shaded by average wage for Management, business, & financial occupations.

During 2020, the states that concentrated the best average annual wage were Connecticut ($125,415), New Jersey ($120,586), and District of Columbia ($115,665).

Yearly Wage Ranking

$94,769

AVERAGE WAGE

#1 in the ranking (2020)

$55,954

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2020, Management, business, & financial occupations earned an average of $94,769, $38,815 more than the average national salary of $55,954

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.

Wage Distribution

Gender

0.421

WAGE GINI

In 2020, Management, business, & financial occupations had a wage GINI coefficient of 0.421, which is lower than the national average of 0.478. 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.

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 ($179,200).

Occupations by Industries

Metric

Value

23.4M

2020 Workforce

± 109,013

3.08%

1 YEAR GROWTH

± 0.644%

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 40.7%, followed by Restaurants & Food Services with 31.4% and Banking & related activities with 28%.

Diversity

Demographic information on Management, business, & financial occupations in the US. The workforce of Management, business, & financial occupations in 2020 was 23,413,817 people, with 46.4% woman, and 53.6% 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 2020 was 23,413,817 people, with 46.4% woman, and 53.6% men.

The age ranges that concentrated the largest workforce were 45 to 49 years (2,937,480 people), 35 to 39 years (2,898,150 people), and 50 to 54 years (2,883,782 people). Among them they concentrated 37.2% of the total workforce.

Ethnicity

Gender

In 2020, 10.7% of Management, business, & financial occupations workers were Hispanic and 89.3% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (75.6%), Puerto Rican (16.1)%, and Cuban (8.27)%

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

Races

In 2020, 77.7% of the Management, business, & financial occupations workforce were White, of which 44.7% were women and 55.3% men. Other races that concentrated a significant number of workers were Black (8.58%) and Asian (6.88%).

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 2020 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 2020 (counting all academic degrees) were Business (5,294,711 people), Social Sciences (1,242,811 people), and Engineering (1,179,530 people).

You can review this information for different academic grades by modifying the option selected in the selector above.

Education Levels

Metric

The main educational levels achieved by the Management, business, & financial occupations workers were Bachelors Degree (9,268,962 people), Graduate Degree (5,120,077 people), and Some college (3,978,961 people).

The graphic shows the Management, business, & financial occupations workforce by gender and educational level.

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, Critical Thinking, Active Listening.