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Field of degree: Business

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Business field of degree. Employment: 12,969,480. Median annual wage: $69,000.

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Table 1. Business degree, 2021
Data	Business	All fields
Employment	12,969,480	59,687,450
Median wage	69,000	63,000
Percent employed part time	11	14
Percent employed in occupations requiring at least a bachelor's degree	53	62
Percent with an advanced degree	26	38
Source: U.S. Census Bureau, American Community Survey.

Chart 1. Types of business majors, 2021.

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Chart 1. Types of business, 2021
Business majors	Major share
Business Management And Administration	27%
General Business	21
Accounting	18
Finance	12
Marketing And Marketing Research	11
Other	12
Note: The sum of percents by major may not total 100 due to rounding. Source: U.S. Census Bureau, American Community Survey.

Chart 2. Employment distribution of workers with a business degree, by occupational group, 2021.

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Chart 2. Employment distribution of workers with a business degree, by occupational group, 2021
Occupational group	Occupational group share
Management occupations	24%
Business and financial operations occupations	23
Sales and related occupations	12
Office and administrative support occupations	10
Computer and mathematical occupations	5
Other	25
Note: The sum of percents by major may not total 100 due to rounding. Source: U.S. Census Bureau, American Community Survey.

Table 2. Top-employing occupations for workers with a business degree.

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Table 2. Top-employing occupations for workers with a business degree
Occupational Outlook Handbook profile	Percent growth, projected 2022–32	Typical entry-level education	Percent degree holders in this field, this occupation, 2021	Percent of this occupation with an advanced degree, 2021
Financial managers	16%	Bachelor's degree	4%	21%
Management analysts	10	Bachelor's degree	2	35
Human resources specialists	6	Bachelor's degree	2	19
Accountants and auditors	4	Bachelor's degree	9	29
Managers, all other	3	Bachelor's degree	6	21
Elementary school teachers, except special education	1	Bachelor's degree	2	49
Sales representatives, wholesale and manufacturing, except technical and scientific products	1	High school diploma or equivalent	2	8
Customer service representatives	-5	High school diploma or equivalent	2	4
First-line supervisors of retail sales workers	-7	High school diploma or equivalent	2	5
Chief executives	-8	Bachelor's degree	3	32
Note: Occupational profiles may comprise multiple SOC occupations, which may have differing education categories. Source: U.S. Bureau of Labor Statistics, Employment Projections program (projected growth, entry-level education) and U.S. Census Bureau, American Community Survey (degree holders, advanced degrees).

Suggested citation:

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Field of degree: Business,
at https://www.bls.gov/ooh/field-of-degree/business/business-field-of-degree.htm (visited November 28, 2023).

Last Modified Date: Wednesday, September 6, 2023