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Explore Business and Financial Operations Occupations

Summary
Occupations
Employment Information
Salary Information
Projections
Industries
Local Information
- States
- Metro Areas
Further Information

Snapshot of Business and Financial Operations Occupations in 2010

6,090,910

Total Employment

5.60 %

Unemployment Rate

$67,690

Average Annual Salary

#1 amongst U.S. occupational groups ranked by average annual wages growth from the previous year.
#5 amongst U.S. occupational groups ranked by total employment growth from the previous year.
#6 amongst U.S. occupational groups ranked by future employment growth.
#6 amongst U.S. occupational groups ranked by average annual wages.
#7 amongst U.S. occupational groups ranked by future job openings.
#8 amongst U.S. occupational groups ranked by lowest annual unemployment rate.
#8 amongst U.S. occupational groups ranked by percentage of women employed.
#8 amongst U.S. occupational groups ranked by total employment.

Business and Financial Operations Occupations

VIEW ALL BUSINESS AND FINANCIAL OPERATIONS OCCUPATIONS HERE

HIGHEST PAYING OCCUPATIONS

1. Personal Financial Advisors: $91,220

2. Agents and Business Managers of Artists, Performers, and Athletes: $89,840

3. Management Analysts: $87,260

4. Financial Analysts: $86,040

5. Financial Examiners: $82,320

Table 1. Highest Paying Business and Financial Operations Occupations

FASTEST GROWING SALARIES

1. Market Research Analysts and Marketing Specialists*: 0.39 %

2. Compensation, Benefits, and Job Analysis Specialists: 0.24 %

3. Training and Development Specialists: 0.19 %

4. Compliance Officers: 0.13 %

5. Logisticians: 0.04 %

Table 2. Business and Financial Operations Occupations with the Fastest Growing Salaries

POPULAR OCCUPATIONS

1. Accountants and Auditors: 17.61 %

2. Business Operations Specialists, All Other*: 16.32 %

3. Management Analysts: 8.81 %

4. Human Resources, Training, and Labor Relations Specialists, All Other*: 6.86 %

5. Loan Officers: 4.65 %

Table 3. Popular Business and Financial Operations Occupations
(Percentage of Total Employment for Occupational Group)

FASTEST GROWING EMPLOYMENT

1. Market Research Analysts and Marketing Specialists*: 4.08 %

2. Training and Development Specialists: 2.96 %

3. Human Resources, Training, and Labor Relations Specialists, All Other*: 1.12 %

4. Compensation, Benefits, and Job Analysis Specialists: 1.00 %

5. Meeting, Convention, and Event Planners*: 0.11 %

Table 4. Business and Financial Operations Occupations with the Fastest Growing Employment

Employment Information for Business and Financial Operations Occupations

Total Employment for Business and Financial Operations Occupations in 2010

Figure 1. Total Employment

Total Employment by Gender for Business and Financial Operations Occupations in 2010

Figure 2. Employment by Gender

Employment Percent Change for Business and Financial Operations Occupations in 2010

Figure 3. Employment Percent Change

Unemployment Rate for Business and Financial Operations Occupations in 2010

Figure 4. Unemployment Rate

Figure 5. Diversity of Employment

Business and Financial Operations Occupations

National Estimates

Total Employment

6,090,910

127,097,160

Total Employment Amount Change from 2009 to 2010

27,240

-3,550,450

Total Employment Percent Change from 2009 to 2010

0.00 %

-0.03 %

Percent of Women Employed

54.90 %

47.20 %

Percent of Men Employed

45.10 %

52.80 %

Unemployment Rate

5.60 %

9.60 %

Unemployment Rate Amongst Women

6.10 %

8.60 %

Unemployment Rate Amongst Men

5.10 %

10.50 %

Table 5. Employment Information for Business and Financial Operations Occupations

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Salary Information for Business and Financial Operations Occupations

Annual Salary Distribution for Business and Financial Operations Occupations in 2010

Figure 6. Annual Salary Distribution

Hourly Wage Distribution for Business and Financial Operations Occupations in 2010

Figure 7. Hourly Wage Distribution

Average Annual Salary for Business and Financial Operations Occupations in 2010

Figure 8. Average Annual Salary

Average Hourly Wage for Business and Financial Operations Occupations in 2010

Figure 9. Average Hourly Wage

Figure 10. Average Annual Wage Percent Change

Business and Financial Operations Occupations

National Estimates

Average Annual Salary

$67,690

$44,410

Average Hourly Wage

$32.54

$21.35

Average Annual Salary Change from 2009 to 2010

0.03 %

0.02 %

Table 6. Salary Information for Business and Financial Operations Occupations

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Projections for Business and Financial Operations Occupations

Projected Employment Growth for Business and Financial Operations Occupations (2008-2018)

Figure 11. Projected Employment Growth (2008-2018)

Replacement Needs Rate for Business and Financial Operations Occupations (2008-2018)

Figure 12. Projected Replacement Needs^{( 1 )} Rate (2008-2018)

Projected Job Openings for Business and Financial Operations Occupations (2008-2018)

Figure 13. Contributions of Employment Growth and Replacement Needs¹ to Projected Job Openings, estimated to be 2,575,200 by 2018.

LARGEST EMPLOYMENT GROWTH

1. Accountants and auditors: 279,400

2. Human resources, training, and labor relations specialists: 184,500

3. Management analysts: 178,300

4. Business operation specialists, all other: 125,900

5. Financial analysts and advisors: 108,200

Table 7. Occupations with the Largest Projected Employment Growth (2008 - 2018)

FASTEST GROWING OCCUPATIONS

1. Financial examiners: 41.16%

2. Compliance officers, except agriculture, construction, health and safety, and transportation: 31.05%

3. Personal financial advisors: 30.13%

4. Employment, recruitment, and placement specialists: 27.92%

5. Cost estimators: 25.34%

Table 8. Occupations with the Fastest Growing Employment Rates (2008 - 2018)

SMALLEST EMPLOYMENT GROWTH

1. Insurance underwriters: -4,300

2. Wholesale and retail buyers, except farm products: -3,300

3. Purchasing agents and buyers, farm products: -200

4. Insurance appraisers, auto damage: 100

5. Tax preparers: 2,800

Table 9. Occupations with the Smallest Projected Employment Growth or Largest Projected Employment Decline (2008 - 2018)

LARGEST NUMBER OF JOB OPENINGS

1. Accountants and auditors: 497,500

2. Human resources, training, and labor relations specialists: 385,800

3. Business operation specialists, all other: 368,300

4. Management analysts: 306,500

5. Financial analysts and advisors: 210,400

Table 10. Occupations with the Largest Number of Job Openings due to Employment Growth and Replacement Needs (2008 - 2018)

1. Replacement needs are an estimate of job openings resulting from workers retiring from or permanently leaving an occupation.

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Industry Information for Business and Financial Operations Occupations

HIGHEST PAYING INDUSTRIES

1. Professional, Scientific, and Technical Services: $75,660

2. Information: $75,040

3. Mining, Quarrying, and Oil and Gas Extraction: $73,510

4. Utilities: $73,280

5. Finance and Insurance: $70,670

Table 11. Highest Paying Industries

INDUSTRIES WITH HIGHEST CONCENTRATION

1. Finance and Insurance: 230.88

2. Management of Companies and Enterprises: 201.12

3. Professional, Scientific, and Technical Services: 138.47

4. Federal, State, and Local Government (OES Designation): 100.32

5. Utilities: 71.64

Table 12. Industries with the Highest Concentration (Jobs Per Thousand Available in the Industry)

POPULAR INDUSTRIES

1. Finance and Insurance: 20.87 %

2. Professional, Scientific, and Technical Services: 16.79 %

3. Federal, State, and Local Government (OES Designation): 16.35 %

4. Management of Companies and Enterprises: 6.29 %

5. Administrative and Support and Waste Management and Remediation Services: 4.53 %

Table 13. Popular Industries
(Percentage of Total Employment for Occupational Group)

FASTEST GROWING INDUSTRIES

1. Agriculture, Forestry, Fishing and Hunting: 0.47 %

2. Arts, Entertainment, and Recreation: 0.13 %

3. Information: 0.09 %

4. Management of Companies and Enterprises: 0.07 %

5. Educational Services: 0.07 %

Table 14. Industries with the Fastest Growing Employment

U.S. States Information for Business and Financial Operations Occupations

HIGHEST PAYING STATES

1. District of Columbia: $86,060

2. New York: $82,650

3. Connecticut: $77,270

4. Massachusetts: $77,110

5. Virginia: $74,290

Table 15. States with the Highest Salaries

STATES WITH HIGHEST CONCENTRATION

1. District of Columbia: 139.79

2. Virginia: 65.6

3. Colorado: 61.8

4. Maryland: 60.84

5. Minnesota: 58.81

Table 16. States with the Highest Concentration (Jobs Per Thousand Available in the State)

POPULAR STATES

1. California: 12.28 %

2. New York: 7.03 %

3. Texas: 7.02 %

4. Florida: 6.12 %

5. Illinois: 5.14 %

Table 17. States with Largest Employment
(Percentage of Total Employment for Occupational Group)

FASTEST GROWING STATES

1. District of Columbia: 0.10 %

2. Vermont: 0.07 %

3. Alaska: 0.05 %

4. Maryland: 0.05 %

5. Indiana: 0.04 %

Table 18. States with the Fastest Growing Employment

U.S. Metro Areas Information for Business and Financial Operations Occupations

HIGHEST PAYING METRO AREAS

1. Bridgeport-Stamford-Norwalk, CT: $91,320

2. San Francisco-San Mateo-Redwood City, CA: $91,120

3. New York-White Plains-Wayne, NY: $89,270

4. San Jose-Sunnyvale-Santa Clara, CA: $88,190

5. Washington-Arlington-Alexandria, DC: $84,580

Table 19. Metro Areas with the Highest Salaries

METRO AREAS WITH HIGHEST CONCENTRATION

1. Warner Robins, GA: 107.99

2. Tallahassee, FL: 106.95

3. Washington-Arlington-Alexandria, DC: 99

4. Trenton-Ewing, NJ: 95

5. San Francisco-San Mateo-Redwood City, CA: 85.24

Table 20. Metro Areas with the Highest Concentration (Jobs Per Thousand Available in the Metro Area)

POPULAR METRO AREAS

1. New York-White Plains-Wayne, NY: 5.02 %

2. Washington-Arlington-Alexandria, DC: 3.72 %

3. Chicago-Naperville-Joliet, IL: 3.64 %

4. Los Angeles-Long Beach-Glendale, CA: 3.32 %

5. Atlanta-Sandy Springs-Marietta, GA: 2.26 %

Table 21. Metro Areas with Largest Employment
(Percentage of Total Employment for Occupational Group)

FASTEST GROWING METRO AREAS

1. Terre Haute, IN: 0.33 %

2. Lawrence, KS: 0.19 %

3. Waterloo-Cedar Falls, IA: 0.19 %

4. Elizabethtown, KY: 0.18 %

5. St. Joseph, MO: 0.17 %

Table 22. Metro Areas with the Fastest Growing Employment

Further Information for Business and Financial Operations Occupations

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Source: U.S. Bureau of Labor Statistics, Department of Labor