Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2022

13-0000 Business and Financial Operations Occupations (Major Group)

Business and Financial Operations Occupations comprises the following occupations: Agents and Business Managers of Artists, Performers, and Athletes; Buyers and Purchasing Agents; Insurance Appraisers, Auto Damage; Claims Adjusters, Examiners, and Investigators; Compliance Officers; Cost Estimators; Farm Labor Contractors; Labor Relations Specialists; Human Resources Specialists; Logisticians; Project Management Specialists; Management Analysts; Meeting, Convention, and Event Planners; Fundraisers; Compensation, Benefits, and Job Analysis Specialists; Training and Development Specialists; Market Research Analysts and Marketing Specialists; Business Operations Specialists, All Other; Accountants and Auditors; Property Appraisers and Assessors; Budget Analysts; Credit Analysts; Financial Risk Specialists; Insurance Underwriters; Personal Financial Advisors; Financial and Investment Analysts; Financial Examiners; Credit Counselors; Loan Officers; Tax Examiners and Collectors, and Revenue Agents; Tax Preparers; Financial Specialists, All Other


National estimates for Business and Financial Operations Occupations
Industry profile for Business and Financial Operations Occupations
Geographic profile for Business and Financial Operations Occupations

National estimates for Business and Financial Operations Occupations:

Employment estimate and mean wage estimates for Business and Financial Operations Occupations:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
9,677,720 0.7 % $ 41.39 $ 86,080 0.3 %

Percentile wage estimates for Business and Financial Operations Occupations:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 20.55 $ 27.33 $ 36.95 $ 49.14 $ 64.66
Annual Wage (2) $ 42,750 $ 56,840 $ 76,850 $ 102,210 $ 134,480


Industry profile for Business and Financial Operations Occupations:

Industries with the highest published employment and wages for Business and Financial Operations Occupations are provided. For a list of all industries with employment in Business and Financial Operations Occupations, see the Create Customized Tables function.

Industries with the highest levels of employment in Business and Financial Operations Occupations:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Management of Companies and Enterprises 632,080 23.55 $ 43.47 $ 90,420
Management, Scientific, and Technical Consulting Services 590,870 33.60 $ 47.26 $ 98,290
Federal Executive Branch (OEWS Designation) 554,880 26.62 $ 45.68 $ 95,010
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 502,550 47.68 $ 41.80 $ 86,950
Credit Intermediation and Related Activities (5221 and 5223 only) 484,630 23.94 $ 43.22 $ 89,900

Industries with the highest concentration of employment in Business and Financial Operations Occupations:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 502,550 47.68 $ 41.80 $ 86,950
Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures 13,050 45.90 $ 56.90 $ 118,340
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 420,510 41.52 $ 65.03 $ 135,250
Insurance and Employee Benefit Funds 3,720 37.13 $ 36.51 $ 75,950
Monetary Authorities-Central Bank 7,510 35.71 $ 56.17 $ 116,840

Top paying industries for Business and Financial Operations Occupations:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 420,510 41.52 $ 65.03 $ 135,250
Computer and Peripheral Equipment Manufacturing 18,580 11.79 $ 58.13 $ 120,910
Pipeline Transportation of Crude Oil 710 6.41 $ 57.54 $ 119,690
Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures 13,050 45.90 $ 56.90 $ 118,340
Monetary Authorities-Central Bank 7,510 35.71 $ 56.17 $ 116,840


Geographic profile for Business and Financial Operations Occupations:

States and areas with the highest published employment, location quotients, and wages for Business and Financial Operations Occupations are provided. For a list of all areas with employment in Business and Financial Operations Occupations, see the Create Customized Tables function.



Map of employment of business and financial operations occupations by state, May 2022


States with the highest employment level in Business and Financial Operations Occupations:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
California 1,190,630 67.51 1.03 $ 45.29 $ 94,210
Texas 776,520 59.77 0.91 $ 38.60 $ 80,280
New York 703,670 77.25 1.18 $ 51.51 $ 107,140
Florida 654,900 71.10 1.09 $ 37.79 $ 78,600
Illinois 391,090 66.47 1.02 $ 42.71 $ 88,850


Map of location quotient of business and financial operations occupations by state, May 2022


States with the highest concentration of jobs and location quotients in Business and Financial Operations Occupations:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
District of Columbia 114,810 166.37 2.54 $ 51.79 $ 107,730
Virginia 360,230 93.01 1.42 $ 44.59 $ 92,750
Colorado 247,150 89.34 1.37 $ 42.47 $ 88,330
Maryland 215,440 81.59 1.25 $ 45.20 $ 94,020
Washington 269,180 79.04 1.21 $ 44.68 $ 92,930


Map of annual mean wages of business and financial operations occupations by state, May 2022


Top paying states for Business and Financial Operations Occupations:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
District of Columbia 114,810 166.37 2.54 $ 51.79 $ 107,730
New York 703,670 77.25 1.18 $ 51.51 $ 107,140
New Jersey 273,070 66.45 1.02 $ 49.17 $ 102,270
Massachusetts 261,370 73.30 1.12 $ 46.56 $ 96,830
California 1,190,630 67.51 1.03 $ 45.29 $ 94,210



Map of employment of business and financial operations occupations by area, May 2022


Metropolitan areas with the highest employment level in Business and Financial Operations Occupations:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Newark-Jersey City, NY-NJ-PA 719,620 78.35 1.20 $ 54.14 $ 112,610
Los Angeles-Long Beach-Anaheim, CA 416,970 68.35 1.04 $ 43.01 $ 89,460
Washington-Arlington-Alexandria, DC-VA-MD-WV 374,150 123.58 1.89 $ 50.36 $ 104,750
Chicago-Naperville-Elgin, IL-IN-WI 302,330 68.46 1.05 $ 44.50 $ 92,560
Dallas-Fort Worth-Arlington, TX 270,210 71.02 1.09 $ 40.31 $ 83,840
Atlanta-Sandy Springs-Roswell, GA 240,190 88.06 1.35 $ 41.97 $ 87,300
Boston-Cambridge-Nashua, MA-NH 218,200 80.70 1.23 $ 47.65 $ 99,110
San Francisco-Oakland-Hayward, CA 205,380 85.83 1.31 $ 53.93 $ 112,180
Seattle-Tacoma-Bellevue, WA 189,000 92.77 1.42 $ 47.21 $ 98,210
Miami-Fort Lauderdale-West Palm Beach, FL 188,570 71.87 1.10 $ 40.91 $ 85,090


Map of location quotient of business and financial operations occupations by area, May 2022


Metropolitan areas with the highest concentration of jobs and location quotients in Business and Financial Operations Occupations:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
California-Lexington Park, MD 7,690 163.44 2.50 $ 53.50 $ 111,270
Washington-Arlington-Alexandria, DC-VA-MD-WV 374,150 123.58 1.89 $ 50.36 $ 104,750
Tallahassee, FL 20,280 114.96 1.76 $ 28.20 $ 58,660
Warner Robins, GA 8,480 112.55 1.72 $ 39.59 $ 82,340
Denver-Aurora-Lakewood, CO 160,050 103.19 1.58 $ 43.62 $ 90,740
Trenton, NJ 24,170 102.12 1.56 $ 44.73 $ 93,030
Olympia-Tumwater, WA 12,250 101.33 1.55 $ 36.92 $ 76,790
Boulder, CO 18,530 96.58 1.48 $ 46.76 $ 97,260
Bloomington, IL 8,370 94.55 1.44 $ 37.53 $ 78,060
Seattle-Tacoma-Bellevue, WA 189,000 92.77 1.42 $ 47.21 $ 98,210


Map of annual mean wages of business and financial operations occupations by area, May 2022


Top paying metropolitan areas for Business and Financial Operations Occupations:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
San Jose-Sunnyvale-Santa Clara, CA 87,040 77.51 1.18 $ 60.38 $ 125,600
New York-Newark-Jersey City, NY-NJ-PA 719,620 78.35 1.20 $ 54.14 $ 112,610
San Francisco-Oakland-Hayward, CA 205,380 85.83 1.31 $ 53.93 $ 112,180
California-Lexington Park, MD 7,690 163.44 2.50 $ 53.50 $ 111,270
Washington-Arlington-Alexandria, DC-VA-MD-WV 374,150 123.58 1.89 $ 50.36 $ 104,750
Bridgeport-Stamford-Norwalk, CT 29,890 75.98 1.16 $ 48.34 $ 100,540
Boston-Cambridge-Nashua, MA-NH 218,200 80.70 1.23 $ 47.65 $ 99,110
Seattle-Tacoma-Bellevue, WA 189,000 92.77 1.42 $ 47.21 $ 98,210
Boulder, CO 18,530 96.58 1.48 $ 46.76 $ 97,260
Trenton, NJ 24,170 102.12 1.56 $ 44.73 $ 93,030

Nonmetropolitan areas with the highest employment in Business and Financial Operations Occupations:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Kansas nonmetropolitan area 15,510 40.48 0.62 $ 31.81 $ 66,160
North Northeastern Ohio nonmetropolitan area (noncontiguous) 11,270 35.00 0.53 $ 33.01 $ 68,650
Balance of Lower Peninsula of Michigan nonmetropolitan area 10,280 39.23 0.60 $ 33.54 $ 69,760
West Northwestern Ohio nonmetropolitan area 9,430 38.37 0.59 $ 33.97 $ 70,660
Southwest Montana nonmetropolitan area 9,340 64.31 0.98 $ 33.96 $ 70,630

Nonmetropolitan areas with the highest concentration of jobs and location quotients in Business and Financial Operations Occupations:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southwest Montana nonmetropolitan area 9,340 64.31 0.98 $ 33.96 $ 70,630
Northern New Mexico nonmetropolitan area 5,040 63.93 0.98 $ 39.92 $ 83,030
Northern Vermont nonmetropolitan area 4,250 62.99 0.96 $ 35.64 $ 74,130
Northeast Virginia nonmetropolitan area 3,030 61.76 0.94 $ 43.11 $ 89,670
Central New Hampshire nonmetropolitan area 5,180 57.39 0.88 $ 36.23 $ 75,360

Top paying nonmetropolitan areas for Business and Financial Operations Occupations:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northeast Virginia nonmetropolitan area 3,030 61.76 0.94 $ 43.11 $ 89,670
Alaska nonmetropolitan area 3,470 34.10 0.52 $ 40.86 $ 85,000
Northern New Mexico nonmetropolitan area 5,040 63.93 0.98 $ 39.92 $ 83,030
Massachusetts nonmetropolitan area 2,280 37.11 0.57 $ 39.33 $ 81,800
Southwest New York nonmetropolitan area 6,960 41.12 0.63 $ 38.91 $ 80,930


About May 2022 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OEWS estimates and related information:

May 2022 National Occupational Employment and Wage Estimates

May 2022 State Occupational Employment and Wage Estimates

May 2022 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2022 National Industry-Specific Occupational Employment and Wage Estimates

May 2022 Occupation Profiles

Technical Notes

 

Last Modified Date: April 25, 2023