Bureau of Labor Statistics

Field of degree: Business

Business field of degree. Employment: 12,179,050. Median annual wage: $62,000.

Business field of degree. Employment: 12,179,050. Median annual wage: $62,000

Table 1.

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Table 1. Business degree, 2018

Data

Business

All fields

Employment

12,179,050 55,381,020

Median wage

$62,000 $59,000

Percent employed part time

11 15

Percent employed in occupations requiring at least a bachelor's degree

51 59

Percent with an advanced degree

25 37

Source: U.S. Census Bureau, American Community Survey.

Chart 1.

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Chart 1. Types of business majors, 2018

Business majors

Major share

Business management and administration

28%

General business

20

Accounting

18

Marketing and marketing research

11

Finance

11

Other

11

Note: The sum of percents by major may not total 100 due to rounding.

Source: U.S. Census Bureau, American Community Survey.

Chart 2.

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Chart 2. Employment distribution of workers with a business degree, by occupational group, 2018

Occupational group

Occupational group share

Management occupations

23%

Business and financial operations occupations

23

Sales and related occupations

14

Office and administrative support occupations

11

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.

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

Occupational Outlook Handbook profile

Percent growth, projected 2019–29

Typical entry-level education

Percent degree holders in this field, this occupation, 2018

Percent of this occupation with an advanced degree, 2018

Financial managers

15% Bachelor's degree 4% 21%

Human resources specialists

7 Bachelor's degree 2 18

Accountants and auditors

4 Bachelor's degree 10 26

Elementary school teachers, except special education

4 Bachelor's degree 2 50

Sales representatives, wholesale and manufacturing, except technical and scientific products

1 High school diploma or equivalent 2 8

Personal service managers, all other; entertainment and recreation managers, except gambling; and managers, all other

-2 Bachelor's degree 5 21

Customer service representatives

-2 High school diploma or equivalent 2 4

First-line supervisors of retail sales workers

-5 High school diploma or equivalent 2 5

First-line supervisors of non-retail sales workers

-8 High school diploma or equivalent 2 11

Chief executives

-10 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 October 06, 2021).

Last Modified Date: Monday, November 30, 2020

Telephone: 1-202-691-5700 www.bls.gov/ooh Contact OOH

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