Management of companies & enterprises

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Workforce

2.43M

2019 BLS Estimate

Average Employee Age

43.1

Estimated Job Growth

5.4%

10-Year Projection

Average Salary

$92,417

Average Male Salary

$111,595

Average Female Salary

$113,715

About

The top three occupations in the Management of companies & enterprises Industry Group are Other managers, Accountants & auditors, Chief executives & legislators, Software developers, and Registered nurses. On average, full-time employees in the Management of companies & enterprises Industry Sub-Sector work 44.1 hours per week and have an average annual salary of $95,771. Part-time employees in the same industry work 21.2 hours and earn an average annual salary of $46,075.

The locations with the highest concentration of employees in the Management of companies & enterprises Industry Sub-Sector are Nashville-Davidson (Central) PUMA, TN, Plano City (West) PUMA, TX, and Palatine & Barrington Townships PUMA, IL. The industry that purchases the most products or services from the Hospitals Industry Group is Management of companies & enterprises.

Professional, Scientific & Management, and Administrative & Waste Management Services Management of companies & enterprises

Workforce

A snapshot of jobs, wages, and opportunities in the Management of companies & enterprises Industry Sub-Sector. Other managers are the most common position, but the Management of companies & enterprises Industry Sub-Sector employs a relatively high number of Petroleum, mining & geological engineers, including mining safety engineers, compared to other industries.

The highest average salary in Management of companies & enterprises goes to Physicians.

Monthly Employment

Start Year

Y-Axis

2.98%

Year-over-year growth

Employment change between May 2020 and May 2021

As of May 2021, there are 2.3M people employed in the Management of Companies and Enterprises industry. This represents a 2.98% increase in employment when compared to May 2020.

This chart shows monthly employment numbers for Management of Companies and Enterprises over time (non-seasonally adjusted).

Occupations

Occupations by Share

2.43M

Workforce (BLS Estimate)

ACS Estimate: 234k

−9.94%

1 Year Growth

± 7.76%

The Bureau of Labor Statistics estimates that there were 2.43M people employed in the Management of companies & enterprises Industry Sub-Sector in 2019.

According to ACS estimates, the number of people employed in the Management of companies & enterprises Industry Sub-Sector has been declining at a rate of −9.94%, , from 260k people in 2018 to 234k people in 2019.

The following graphic shows the share of employment in Management of companies & enterprises by various occupations according to ACS estimates. Other managers represent the largest share of positions held in Management of companies & enterprises at 8.64%, followed by Accountants & auditors with 4.03% and Chief executives & legislators with 3.48%.

Most Common

The most common occupations in the Management of companies & enterprises Industry Sub-Sector, by number of employees, are Other managers, Accountants & auditors, Chief executives & legislators, Software developers, and Registered nurses.

Most Specialized

Compared to other Industry Sub-Sectors, Management of companies & enterprises employs an unusually high number of Petroleum, mining & geological engineers, including mining safety engineers, Computer hardware engineers, and Information security analysts.

Highest Paid

The highest paid occupations in Management of companies & enterprises, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Chief executives & legislators.

Wages

Average Salary

$92,417

AVERAGE WAGE

± $4,743

On average, employees in the Management of companies & enterprises Industry Sub-Sector make $92,417 per year. This number makes Management of companies & enterprises the 3 highest paying Industry Sub-Sector in the United States out of a total of 21 Industry Sub-Sectors.

Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

HIGHEST PAYING PUMAS

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Management of companies & enterprises Industry Sub-Sector.

Wage Distribution

0.429

WAGE GINI

Management of companies & enterprises has a wage GINI of 0.429, which is less than than the national average of 0.478. In other words, wages are distributed more evenly in Management of companies & enterprises (shown in red) in comparison to the national average for those wage buckets (shown in gray).

Opportunities

Spatial Concentration

Public Use Microdata Areas with RCA

This map shows the PUMAs in the United States that have revealed comparative advantage in the Management of companies & enterprises Industry Sub-Sector.

These are locations that employ more people in the Management of companies & enterprises Industry Sub-Sector than expected given both the size of that location's overall labor pool and the national size of the Management of companies & enterprises Industry Sub-Sector.

Diversity

Demographic information on the Management of companies & enterprises Industry Sub-Sector in the US. Male employees tend to earn less than Female employees, with average respective salaries of $111,595 and $113,715. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

123k

FEMALE WORKFORCE

±8.59k

112k

MALE WORKFORCE

±8.2k

52.3% of workers in the Management of companies & enterprises Industry Sub-Sector are Female, making them the more common sex in the workforce. This chart shows the sex breakdown of the Management of companies & enterprises Industry Sub-Sector.

Wage by Sex in Common Jobs

$111,595

AVERAGE MALE SALARY

±$8,198

$113,715

AVERAGE FEMALE SALARY

±$7,596

On average, Male workers in the Management of companies & enterprises Industry Sub-Sector make 0.981 times less than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Management of companies & enterprises Industry Sub-Sector.

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

Asian
White
Two or More Races

On average, Asian employees in the Management of companies & enterprises Industry Sub-Sector earn 1.09 times more than other races and ethnicities. This chart shows the race and ethnicity-based wage disparities in the 5 most common occupations in the Management of companies & enterprises Industry Sub-Sector.

Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Management of companies & enterprises Industry Sub-Sector. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries. Professional and business services has the highest single input, by dollars, to the Management of companies & enterprises Industry Sub-Sector, and the largest industry purchasing services from the Management of companies & enterprises Industry Sub-Sector is Professional and business services.

In this flow diagram, all of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

Industrial Flow

The closest comparable data for Management of companies & enterprises is from Professional, Scientific & Management, and Administrative & Waste Management Services.

Intermediate Inputs

The closest comparable data for Management of companies & enterprises is from Professional, Scientific & Management, and Administrative & Waste Management Services.

HIGHEST INPUT INDUSTRY

The Management of companies & enterprises Industry Sub-Sector gets the most input, by its share of the cost of all intermediate inputs, from the Professional and business services Industry. This visualization does not include labor and capital costs.

Use of Output by Other Industries

The closest comparable data for Management of companies & enterprises is from Professional, Scientific & Management, and Administrative & Waste Management Services.

LARGEST PURCHASING INDUSTRY

The Professional and business services Industry purchases the greatest share of products and services from the Management of companies & enterprises Industry Sub-Sector in order to produce other goods and services. Purchases of the Management of companies & enterprises Industry Sub-Sector for final consumption by consumers, businesses, or government are not included here.

Projections

Growth projections of the Management of Companies and Enterprises industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 7.66% in the next ten years. The Management of Companies and Enterprises industry has a lower projected workforce growth at 5.4%. Its projected 10-year growth in output (26%) is higher than the projected national growth in output (24.2%).

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Management of Companies and Enterprises.

5.4%

Estimated Job Growth

10-year Projection

7.66%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Management of Companies and Enterprises. This industry is expected to grow less than than 7.66%, the average rate of national job growth.