Business and Financial Operations Occupation Profiles

 

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.

Distinct Occupational Types (by size):
Largest Employment CategoryAccountants and Auditors—1,246,540
Smallest Employment Category—Farm Labor Contractors—810 

Highest Paid (mean annual wage) 

 

Lowest Paid (from lowest) 

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.

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

 

 
 
 
 
 

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