Business and Financial Operations - Microblog

 

Overview:

Distinct Groups (32): https://www.bls.gov/oes/current/oes130000.htm
Employment: 7,281,190
Mean Hourly Wage: $36.09
Mean Annual Wage: $75,070
Largest Employment Category—Accountants and Auditors—1,246,540
Smallest Employment Category Farm Labor Contractors—810
Wage Estimates for the entire group can be found here.

 

The Business and Financial Operations occupation profiles compiled by the U.S. Bureau of Labor Statistics (released in May 2016 and modified in March 2017) include specific information about 32 distinct occupational job types.

Explore the qualifications and nature of each job type through links on this page and throughout the site. Discover new jobs in banking, finance, accounting, business, government, or financial operations. 

If you are interested in assessing long-term trends and comparing the Bureau’s annual surveys beginning in 1988 see here.

Fast Facts: The Bureau of Labor Statistics (“BLS”) estimates that 7,281,190 are employed in this occupational group earning the “mean annual wage” (as defined below) of $75,070.

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 Business and Financial Operations group’s mean hourly wage of $36.09, multiplied by 2,080, results in the mean annual wage of $75,070.

Did you know? Northern California metropolitan areas lead the way in salaries in this occupational group with San Jose-Sunnyvale-Santa Clara, CA ($101,450), San Rafael, CA Metropolitan Division ($100,760) and San Francisco-Redwood City-South San Francisco, CA Metropolitan Division ($100,500) taking the top three spots, followed by Oakland-Hayward-Berkeley, CA Metropolitan Division ($89,470) at No.8. Though Los Alamos County, New Mexico nonmetropolitan area has only 1,320 jobs in this occupation, it still registers the highest concentration (87.30 per 1,000) among nonmetropolitan areas. 

Highest Paid (mean annual wage) 

Lowest Paid (from lowest) 

For the entire list of mean annual wages for this occupation (from highest to lowest), see here

Sources: In addition to specific citations noted, supplementary source materials include the United States Bureau of Labor Statistics.

 

Highest to Lowest Paid Salary (Full List)

By the Numbers: The complete list from the Highest to the Lowest paid:

Job Title (# of members) Annual Mean Wage 
   
1.    Personal Financial Advisors (201,850) $123,100
2.    Financial Analysts (281,610) $97,640
3.    Management Analysts (637,690) $91,910
4.    Financial Examiners (49,750) $88,940
5.    Agents and Business Managers of Artists, Performers, and Athletes (13,470) $86,560
6.    Credit Analysts (72,930) $81,160
7.    Logisticians (146,060) $77,810
8.    Budget Analysts (54,700) $77,170
9.    Accountants and Auditors (1,246,540) $76,730
10.  Loan Officers (305,700) $76,260
11.  Financial Specialists, All Other (123,270) $76,230
12.  Insurance Underwriters (91,650) $75,480
13.  Business Operations Specialists, All Other (958,670) $74,870
14.  Market Research Analysts and Marketing Specialists (558,630) $70,620
15.  Compliance Officers (273,910) $70,250
16.  Purchasing Agents, Except Wholesale, Retail, and Farm Products (297,600) $67,420
17.  Cost Estimators (214,610) $66,620
18.  Compensation, Benefits, and Job Analysis Specialists (79,190) $66,490
19.  Insurance Appraisers, Auto Damage (15,130) $65,930
20.  Claims Adjusters, Examiners, and Investigators (274,420) $64,990
21.  Human Resources Specialists (524,800) $64,890
22.  Labor Relations Specialists (79,430) $64,250
23.  Buyers and Purchasing Agents, Farm Products (11,490) $63,910
24.  Training and Development Specialists (269,710) $63,350
25.  Wholesale and Retail Buyers, Except Farm Products (109,440) $60,040
26.  Appraisers and Assessors of Real Estate (60,770) $58,030
27.  Tax Examiners and Collectors, and Revenue Agents (58,450) $57,950
28.  Fundraisers (68,910) $57,930
29.  Meeting, Convention, and Event Planners (95,850) $52,020
30.  Credit Counselors (34,110) $49,480
31.  Farm Labor Contractors (810) $47,290
32.  Tax Preparers (70,030) $45,340

 


What's Hot

What’s Hot: Notwithstanding some tumultuous economic times during the last decade, Personal Financial Advisors continue to top the pay scale in the Business and Financial Operations group at $123,100 (by comparison, the MAW was $92,970 in 2008 at the start of the Great Recession). 

What’s Not: Tax Preparers and Credit Counselors often do selfless work as reflected by their mean annual income of $45,340 (up from $35,350 in 2008) and $49,480, an increase from $41,970 in 2008, respectively. As a matter of fact, both tax-related occupations in this Business and Financial Operations group are among the least paid. 

Wage Estimates for the entire group can be found here.


GPS Your Career

GPS Your Career: According to the BLS, the States with the highest employment level in the Business and Financial Operations occupational group are: 

California (938,330 workers)
Texas (564,390)
New York (523,440)
Florida (441,200)
Illinois (323,350) 

States with the highest concentration of jobs are: 

District of Columbia  (145.95 per 1,000 jobs)
Virginia (69.55)
Colorado  (67.49)
Delaware (64.47)
Washington (62.48) 

The top paying States for this occupation are below. The District of Columbia and New York have distanced themselves from the pack in terms of the highest annual mean wages, well above 3rd-placed Massachusetts. 

District of Columbia  ($95,700 annual mean wage)
New York  ($92,630)
Massachusetts ($83,500)
California ($82,910)
Virginia ($82,750)


 
 
 
 

JOB SEARCH