Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2020
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;
Claims Adjusters, Examiners, and Investigators;
Insurance Appraisers, Auto Damage;
Compliance Officers;
Cost Estimators;
Human Resources Specialists;
Farm Labor Contractors;
Labor Relations Specialists;
Logisticians;
Management Analysts;
Meeting, Convention, and Event Planners;
Fundraisers;
Compensation, Benefits, and Job Analysis Specialists;
Training and Development Specialists;
Market Research Analysts and Marketing Specialists;
Project Management Specialists and Business Operations Specialists, All Other;
Accountants and Auditors;
Property Appraisers and Assessors;
Budget Analysts;
Credit Analysts;
Personal Financial Advisors;
Insurance Underwriters;
Financial Examiners;
Credit Counselors;
Loan Officers;
Tax Examiners and Collectors, and Revenue Agents;
Tax Preparers;
Financial and Investment Analysts, Financial Risk Specialists, and 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) |
| 8,387,490 |
0.2 % |
$ 38.79 |
$ 80,680 |
0.2 % |
Percentile wage estimates for Business and Financial Operations Occupations:
| Percentile |
10% |
25% |
50%
(Median) |
75% |
90% |
| Hourly Wage |
$ 19.38 |
$ 25.74 |
$ 34.73 |
$ 47.31 |
$ 62.68 |
| Annual Wage (2) |
$ 40,310 |
$ 53,550 |
$ 72,250 |
$ 98,390 |
$ 130,380 |
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 |
563,420 |
23.26 |
$ 40.34 |
$ 83,910 |
| Federal Executive Branch (OEWS Designation) |
545,520 |
26.22 |
$ 43.58 |
$ 90,640 |
| Management, Scientific, and Technical Consulting Services |
482,240 |
31.69 |
$ 43.07 |
$ 89,590 |
| Accounting, Tax Preparation, Bookkeeping, and Payroll Services |
478,200 |
48.77 |
$ 39.93 |
$ 83,060 |
| Credit Intermediation and Related Activities (5221 and 5223 only) |
461,660 |
22.75 |
$ 39.45 |
$ 82,060 |
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) |
| Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures |
14,620 |
50.57 |
$ 47.47 |
$ 98,750 |
| Accounting, Tax Preparation, Bookkeeping, and Payroll Services |
478,200 |
48.77 |
$ 39.93 |
$ 83,060 |
| Insurance and Employee Benefit Funds |
3,100 |
44.65 |
$ 40.47 |
$ 84,170 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
359,480 |
38.14 |
$ 57.67 |
$ 119,950 |
| Other Investment Pools and Funds |
3,950 |
36.68 |
$ 52.26 |
$ 108,700 |
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 |
359,480 |
38.14 |
$ 57.67 |
$ 119,950 |
| Other Investment Pools and Funds |
3,950 |
36.68 |
$ 52.26 |
$ 108,700 |
| Computer and Peripheral Equipment Manufacturing |
23,870 |
14.87 |
$ 51.28 |
$ 106,670 |
| Monetary Authorities-Central Bank |
6,670 |
34.08 |
$ 50.82 |
$ 105,710 |
| Software Publishers |
67,230 |
13.77 |
$ 47.83 |
$ 99,490 |
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.
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 |
1,064,160 |
64.77 |
1.07 |
$ 42.09 |
$ 87,550 |
| Texas |
665,420 |
54.98 |
0.91 |
$ 38.24 |
$ 79,530 |
| New York |
613,850 |
70.63 |
1.17 |
$ 47.58 |
$ 98,960 |
| Florida |
524,160 |
62.09 |
1.03 |
$ 34.17 |
$ 71,080 |
| Illinois |
345,970 |
61.48 |
1.02 |
$ 38.65 |
$ 80,390 |
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 |
110,660 |
161.04 |
2.67 |
$ 49.66 |
$ 103,290 |
| Colorado |
210,600 |
81.69 |
1.35 |
$ 40.16 |
$ 83,530 |
| Virginia |
294,910 |
79.68 |
1.32 |
$ 42.54 |
$ 88,480 |
| Washington |
237,920 |
74.46 |
1.23 |
$ 41.63 |
$ 86,600 |
| Delaware |
30,980 |
72.66 |
1.20 |
$ 39.29 |
$ 81,730 |
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 |
110,660 |
161.04 |
2.67 |
$ 49.66 |
$ 103,290 |
| New York |
613,850 |
70.63 |
1.17 |
$ 47.58 |
$ 98,960 |
| New Jersey |
249,120 |
65.86 |
1.09 |
$ 44.39 |
$ 92,330 |
| Massachusetts |
227,230 |
67.83 |
1.12 |
$ 43.98 |
$ 91,480 |
| Virginia |
294,910 |
79.68 |
1.32 |
$ 42.54 |
$ 88,480 |
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 |
663,710 |
75.13 |
1.25 |
$ 49.45 |
$ 102,850 |
| Los Angeles-Long Beach-Anaheim, CA |
389,820 |
66.95 |
1.11 |
$ 40.94 |
$ 85,160 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV |
335,360 |
110.97 |
1.84 |
$ 47.34 |
$ 98,460 |
| Chicago-Naperville-Elgin, IL-IN-WI |
285,970 |
65.56 |
1.09 |
$ 39.53 |
$ 82,220 |
| Dallas-Fort Worth-Arlington, TX |
241,660 |
67.34 |
1.12 |
$ 40.11 |
$ 83,420 |
| Atlanta-Sandy Springs-Roswell, GA |
199,540 |
75.79 |
1.26 |
$ 38.19 |
$ 79,440 |
| Boston-Cambridge-Nashua, MA-NH |
198,930 |
76.46 |
1.27 |
$ 44.96 |
$ 93,520 |
| San Francisco-Oakland-Hayward, CA |
191,940 |
82.35 |
1.37 |
$ 48.53 |
$ 100,950 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |
182,550 |
67.69 |
1.12 |
$ 41.00 |
$ 85,280 |
| Seattle-Tacoma-Bellevue, WA |
174,210 |
89.07 |
1.48 |
$ 44.02 |
$ 91,570 |
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 |
6,920 |
153.12 |
2.54 |
$ 50.81 |
$ 105,680 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV |
335,360 |
110.97 |
1.84 |
$ 47.34 |
$ 98,460 |
| Tallahassee, FL |
18,280 |
107.72 |
1.79 |
$ 27.91 |
$ 58,050 |
| Trenton, NJ |
24,630 |
106.84 |
1.77 |
$ 42.40 |
$ 88,200 |
| Warner Robins, GA |
7,410 |
101.94 |
1.69 |
$ 37.89 |
$ 78,810 |
| Boulder, CO |
17,690 |
97.51 |
1.62 |
$ 42.29 |
$ 87,950 |
| Denver-Aurora-Lakewood, CO |
139,870 |
95.97 |
1.59 |
$ 41.51 |
$ 86,350 |
| Des Moines-West Des Moines, IA |
32,980 |
93.03 |
1.54 |
$ 36.13 |
$ 75,160 |
| Seattle-Tacoma-Bellevue, WA |
174,210 |
89.07 |
1.48 |
$ 44.02 |
$ 91,570 |
| Springfield, IL |
8,680 |
88.16 |
1.46 |
$ 36.18 |
$ 75,250 |
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 |
93,640 |
84.90 |
1.41 |
$ 51.22 |
$ 106,530 |
| California-Lexington Park, MD |
6,920 |
153.12 |
2.54 |
$ 50.81 |
$ 105,680 |
| New York-Newark-Jersey City, NY-NJ-PA |
663,710 |
75.13 |
1.25 |
$ 49.45 |
$ 102,850 |
| Bridgeport-Stamford-Norwalk, CT |
30,740 |
81.57 |
1.35 |
$ 49.42 |
$ 102,800 |
| San Francisco-Oakland-Hayward, CA |
191,940 |
82.35 |
1.37 |
$ 48.53 |
$ 100,950 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV |
335,360 |
110.97 |
1.84 |
$ 47.34 |
$ 98,460 |
| Boston-Cambridge-Nashua, MA-NH |
198,930 |
76.46 |
1.27 |
$ 44.96 |
$ 93,520 |
| Seattle-Tacoma-Bellevue, WA |
174,210 |
89.07 |
1.48 |
$ 44.02 |
$ 91,570 |
| Midland, TX |
5,130 |
51.66 |
0.86 |
$ 43.23 |
$ 89,930 |
| Huntsville, AL |
18,110 |
78.48 |
1.30 |
$ 42.65 |
$ 88,700 |
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 |
13,980 |
36.96 |
0.61 |
$ 28.90 |
$ 60,110 |
| North Northeastern Ohio nonmetropolitan area (noncontiguous) |
9,380 |
30.09 |
0.50 |
$ 31.72 |
$ 65,980 |
| West Northwestern Ohio nonmetropolitan area |
9,030 |
37.81 |
0.63 |
$ 31.23 |
$ 64,950 |
| Southwest Montana nonmetropolitan area |
8,520 |
62.92 |
1.04 |
$ 30.52 |
$ 63,480 |
| Balance of Lower Peninsula of Michigan nonmetropolitan area |
8,020 |
32.59 |
0.54 |
$ 31.54 |
$ 65,610 |
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 |
8,520 |
62.92 |
1.04 |
$ 30.52 |
$ 63,480 |
| Northern Vermont nonmetropolitan area |
3,920 |
59.92 |
0.99 |
$ 34.31 |
$ 71,360 |
| Northeast Virginia nonmetropolitan area |
2,650 |
55.62 |
0.92 |
$ 42.84 |
$ 89,110 |
| Northern New Mexico nonmetropolitan area |
4,250 |
54.48 |
0.90 |
$ 46.63 |
$ 96,980 |
| Central New Hampshire nonmetropolitan area |
4,860 |
53.72 |
0.89 |
$ 35.05 |
$ 72,890 |
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) |
| Northern New Mexico nonmetropolitan area |
4,250 |
54.48 |
0.90 |
$ 46.63 |
$ 96,980 |
| Northeast Virginia nonmetropolitan area |
2,650 |
55.62 |
0.92 |
$ 42.84 |
$ 89,110 |
| Alaska nonmetropolitan area |
3,650 |
36.50 |
0.61 |
$ 38.79 |
$ 80,680 |
| Northwest Colorado nonmetropolitan area |
5,550 |
48.47 |
0.80 |
$ 37.43 |
$ 77,860 |
| South Florida nonmetropolitan area |
2,440 |
33.23 |
0.55 |
$ 36.60 |
$ 76,130 |
About May 2020 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 2020 National Occupational Employment and Wage Estimates
May 2020 State Occupational Employment and Wage Estimates
May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates
May 2020 National Industry-Specific Occupational Employment and Wage Estimates
May 2020 Occupation Profiles
Technical Notes
Last Modified Date: March 31, 2021
United States Department of Labor
