The Management occupation profiles compiled by the U.S. Bureau of Labor Statistics (released in May 2016 and modified in March 2017) include specific information about 34 distinct occupational job types.
Explore the qualifications and nature of each job type through links on this page and throughout the site.
Fast Facts: The Bureau of Labor Statistics (“BLS”) estimates that 7,090,790 are employed in this occupational group earning the “mean annual wage” (as defined below) of $118,020.
If you are interested in assessing long-term trends and comparing the Bureau’s annual surveys beginning in 1988 see here.
In general, the “mean” is the sum of the total values (e.g., wages) in the data set or survey divided by number of values (while the “median” is the middle value in same the sequence. The term “mean annual wage” (or “MAW”) is calculated by multiplying the mean hourly wage as determined by the BLS by a “year-round, full-time” hours figure of 2,080 hours. So, for example, the Management group’s mean hourly wage of $56.74, multiplied by 2,080, results in the mean annual wage of $118,020.
Highest Paid (mean annual wage)
Lowest Paid (from the lowest)
What’s Hot: If financial reward is a motivating force, the Management occupational group can be extremely lucrative. All occupations listed in this section’s Best Paid list’s top 18 have a mean annual wage over $100,000. The top ten positions all are above $122,000 annually.
What’s Not: Legislators officially represent the Least Paid of the occupations averaging $44,820. This can be somewhat ‘unrepresentative’, however, as many positions are part-time and the legislators make significant sums during their ‘off hours’ as for example, lawyers and investment bankers. Consider also, that in the 2016 survey (updated in March 2017) the fifth lowest paying occupation in this group -- Property, Real Estate, and Community Association Managers -- still did quite well, with a mean annual wage over $70,000 ($70,290). This is definitely a well-compensated group.
Wage Estimates for the entire group can be found here.
Sources: In addition to specific citations noted, supplementary source materials include the United States Bureau of Labor Statistics.