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Field of degree: Business

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Business field of degree. Employment: 12,449,900. Median annual wage: $65,000.

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Table 1. Business degree, 2019
Data	Business	All fields
Employment	12,449,900	56,820,460
Median wage	65,000	60,000
Percent employed part time	11	15
Percent employed in occupations requiring at least a bachelor's degree	52	60
Percent with an advanced degree	25	37
Source: U.S. Census Bureau, American Community Survey.

Chart 1. Types of business majors, 2019.

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Chart 1. Types of business majors, 2019
Business majors	Major share
Business Management And Administration	28%
General Business	20
Accounting	18
Finance	11
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, 2019.

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Chart 2. Employment distribution of workers with a business degree, by occupational group, 2019
Occupational group	Occupational group share
Management occupations	25%
Business and financial operations occupations	23
Sales and related occupations	13
Office and administrative support occupations	10
Computer and mathematical occupations	5
Other	24
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 2021–31	Typical entry-level education	Percent degree holders in this field, this occupation, 2019	Percent of this occupation with an advanced degree, 2019
Financial managers	17%	Bachelor's degree	4%	21%
Management analysts	11	Bachelor's degree	2	32
Human resources specialists	8	Bachelor's degree	2	18
Accountants and auditors	6	Bachelor's degree	9	26
Managers, all other	6	Bachelor's degree	6	20
Sales representatives, wholesale and manufacturing, except technical and scientific products	4	High school diploma or equivalent	2	8
Retail salespersons	0	No formal educational credential	2	3
Customer service representatives	-4	High school diploma or equivalent	2	4
First-line supervisors of retail sales workers	-5	High school diploma or equivalent	2	4
Chief executives	-7	Bachelor's degree	3	30
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 January 18, 2023).

Last Modified Date: Thursday, September 8, 2022