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.

Photo by reynermedia

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.

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.

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).

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 Management, business, science, & arts occupations.

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.

Most Common

The most common industries employing Management, business, science, & arts occupations, by number of employees, are Elementary & secondary schools, General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals, Colleges, universities & professional schools, including junior colleges, Computer Systems Design, Construction, Architectural, engineering & related services, Banking & related activities, Outpatient care centers, Restaurants & Food Services, Management, scientific & technical consulting services, and Legal services.

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.

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%.

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.

Race & Ethnicity

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

White (Non-Hispanic)
Black (Non-Hispanic)
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.

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.

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.

MOST COMMON MAJORS

MOST SPECIALIZED MAJORS

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.