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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2021

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)
9,053,790 0.2 % $ 39.72 $ 82,610 0.2 %

Percentile wage estimates for Business and Financial Operations Occupations:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 18.78 $ 25.68 $ 36.81 $ 48.19 $ 62.80
Annual Wage (2) $ 39,060 $ 53,410 $ 76,570 $ 100,220 $ 130,620


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 607,120 23.90 $ 41.98 $ 87,310
Federal Executive Branch (OEWS Designation) 552,840 26.23 $ 44.25 $ 92,030
Management, Scientific, and Technical Consulting Services 531,850 34.19 $ 44.68 $ 92,940
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 490,580 48.90 $ 39.71 $ 82,590
Credit Intermediation and Related Activities (5221 and 5223 only) 481,320 24.06 $ 40.87 $ 85,010

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 11,830 50.35 $ 55.99 $ 116,450
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 490,580 48.90 $ 39.71 $ 82,590
Insurance and Employee Benefit Funds 3,540 42.31 $ 36.54 $ 76,000
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 394,130 41.10 $ 58.93 $ 122,570
Other Investment Pools and Funds 4,350 34.43 $ 45.88 $ 95,440

Top paying industries for Business and Financial Operations Occupations:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Pipeline Transportation of Crude Oil 770 6.71 $ 58.98 $ 122,680
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 394,130 41.10 $ 58.93 $ 122,570
Computer and Peripheral Equipment Manufacturing 18,680 12.00 $ 56.91 $ 118,370
Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures 11,830 50.35 $ 55.99 $ 116,450
Monetary Authorities-Central Bank 7,090 33.93 $ 54.54 $ 113,440


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 2021


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 1,131,460 68.45 1.07 $ 43.31 $ 90,090
Texas 717,320 58.67 0.91 $ 38.31 $ 79,690
New York 662,820 76.46 1.19 $ 48.78 $ 101,460
Florida 596,080 69.27 1.08 $ 35.26 $ 73,350
Illinois 368,050 65.50 1.02 $ 40.51 $ 84,250


Map of location quotient of business and financial operations occupations by state, May 2021


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 114,670 173.23 2.70 $ 50.15 $ 104,310
Virginia 343,280 91.46 1.42 $ 43.04 $ 89,530
Colorado 221,120 84.35 1.31 $ 40.56 $ 84,370
Rhode Island 35,850 78.33 1.22 $ 42.14 $ 87,650
New York 662,820 76.46 1.19 $ 48.78 $ 101,460


Map of annual mean wages of business and financial operations occupations by state, May 2021


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 114,670 173.23 2.70 $ 50.15 $ 104,310
New York 662,820 76.46 1.19 $ 48.78 $ 101,460
Massachusetts 247,310 72.86 1.13 $ 45.32 $ 94,260
New Jersey 257,860 66.97 1.04 $ 45.17 $ 93,960
Washington 243,360 75.91 1.18 $ 43.92 $ 91,350



Map of employment of business and financial operations occupations by area, May 2021


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 682,640 78.66 1.22 $ 50.64 $ 105,320
Los Angeles-Long Beach-Anaheim, CA 400,550 70.03 1.09 $ 41.54 $ 86,400
Washington-Arlington-Alexandria, DC-VA-MD-WV 360,640 122.98 1.91 $ 48.45 $ 100,780
Chicago-Naperville-Elgin, IL-IN-WI 290,000 68.51 1.07 $ 41.93 $ 87,210
Dallas-Fort Worth-Arlington, TX 252,650 70.40 1.10 $ 39.78 $ 82,750
Atlanta-Sandy Springs-Roswell, GA 218,520 84.44 1.31 $ 39.20 $ 81,530
Boston-Cambridge-Nashua, MA-NH 208,500 80.65 1.26 $ 46.27 $ 96,240
San Francisco-Oakland-Hayward, CA 192,410 85.82 1.34 $ 51.65 $ 107,430
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 187,880 70.77 1.10 $ 41.73 $ 86,800
Seattle-Tacoma-Bellevue, WA 169,820 88.56 1.38 $ 46.83 $ 97,410


Map of location quotient of business and financial operations occupations by area, May 2021


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 7,310 157.57 2.45 $ 52.19 $ 108,560
Tallahassee, FL 21,790 128.08 1.99 $ 26.30 $ 54,690
Washington-Arlington-Alexandria, DC-VA-MD-WV 360,640 122.98 1.91 $ 48.45 $ 100,780
Warner Robins, GA 8,080 109.31 1.70 $ 37.38 $ 77,750
Trenton, NJ 24,090 106.02 1.65 $ 43.01 $ 89,450
Springfield, IL 9,720 100.54 1.56 $ 38.90 $ 80,920
Denver-Aurora-Lakewood, CO 144,590 98.71 1.54 $ 41.92 $ 87,190
Olympia-Tumwater, WA 11,040 98.47 1.53 $ 36.80 $ 76,540
Richmond, VA 55,960 90.69 1.41 $ 38.34 $ 79,750
Boulder, CO 16,350 89.88 1.40 $ 43.68 $ 90,850


Map of annual mean wages of business and financial operations occupations by area, May 2021


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 90,940 85.10 1.32 $ 54.90 $ 114,200
California-Lexington Park, MD 7,310 157.57 2.45 $ 52.19 $ 108,560
San Francisco-Oakland-Hayward, CA 192,410 85.82 1.34 $ 51.65 $ 107,430
New York-Newark-Jersey City, NY-NJ-PA 682,640 78.66 1.22 $ 50.64 $ 105,320
Washington-Arlington-Alexandria, DC-VA-MD-WV 360,640 122.98 1.91 $ 48.45 $ 100,780
Bridgeport-Stamford-Norwalk, CT 28,660 76.40 1.19 $ 48.06 $ 99,960
Seattle-Tacoma-Bellevue, WA 169,820 88.56 1.38 $ 46.83 $ 97,410
Boston-Cambridge-Nashua, MA-NH 208,500 80.65 1.26 $ 46.27 $ 96,240
Boulder, CO 16,350 89.88 1.40 $ 43.68 $ 90,850
Huntsville, AL 18,920 82.18 1.28 $ 43.37 $ 90,200

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 14,640 38.96 0.61 $ 30.66 $ 63,760
North Northeastern Ohio nonmetropolitan area (noncontiguous) 10,520 33.46 0.52 $ 32.48 $ 67,560
Balance of Lower Peninsula of Michigan nonmetropolitan area 9,740 38.55 0.60 $ 32.27 $ 67,120
West Northwestern Ohio nonmetropolitan area 9,460 39.47 0.61 $ 32.34 $ 67,260
Southwest Montana nonmetropolitan area 9,080 65.49 1.02 $ 33.35 $ 69,370

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 9,080 65.49 1.02 $ 33.35 $ 69,370
Northeast Virginia nonmetropolitan area 2,940 60.88 0.95 $ 42.56 $ 88,520
Northern Vermont nonmetropolitan area 3,860 59.02 0.92 $ 34.40 $ 71,560
Northern New Mexico nonmetropolitan area 4,300 56.21 0.87 $ 46.56 $ 96,840
Central New Hampshire nonmetropolitan area 4,810 54.04 0.84 $ 35.31 $ 73,440

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 4,300 56.21 0.87 $ 46.56 $ 96,840
Northeast Virginia nonmetropolitan area 2,940 60.88 0.95 $ 42.56 $ 88,520
Alaska nonmetropolitan area 3,270 33.61 0.52 $ 40.18 $ 83,580
Massachusetts nonmetropolitan area 2,060 35.75 0.56 $ 39.01 $ 81,140
Western Wyoming nonmetropolitan area 3,280 34.90 0.54 $ 37.41 $ 77,810


About May 2021 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 2021 National Occupational Employment and Wage Estimates

May 2021 State Occupational Employment and Wage Estimates

May 2021 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2021 National Industry-Specific Occupational Employment and Wage Estimates

May 2021 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2022