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Field of degree: Business

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Business field of degree. Employment: 12,179,050. Median annual wage: $62,000.

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Table 1. Business degree, 2018
Data	Business	All fields
Employment	12,179,050	55,381,020
Median wage	$62,000	$59,000
Percent employed part time	11	15
Percent employed in occupations requiring at least a bachelor's degree	51	59
Percent with an advanced degree	25	37
Source: U.S. Census Bureau, American Community Survey.

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Chart 1. Types of business majors, 2018
Business majors	Major share
Business management and administration	28%
General business	20
Accounting	18
Marketing and marketing research	11
Finance	11
Other	11
Note: The sum of percents by major may not total 100 due to rounding. Source: U.S. Census Bureau, American Community Survey.

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Chart 2. Employment distribution of workers with a business degree, by occupational group, 2018
Occupational group	Occupational group share
Management occupations	23%
Business and financial operations occupations	23
Sales and related occupations	14
Office and administrative support occupations	11
Computer and mathematical occupations	5
Other	25
Note: The sum of percents by major may not total 100 due to rounding. Source: U.S. Census Bureau, American Community Survey.

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Table 2. Top-employing occupations for workers with a business degree
Occupational Outlook Handbook profile	Percent growth, projected 2019–29	Typical entry-level education	Percent degree holders in this field, this occupation, 2018	Percent of this occupation with an advanced degree, 2018
Financial managers	15%	Bachelor's degree	4%	21%
Human resources specialists	7	Bachelor's degree	2	18
Accountants and auditors	4	Bachelor's degree	10	26
Elementary school teachers, except special education	4	Bachelor's degree	2	50
Sales representatives, wholesale and manufacturing, except technical and scientific products	1	High school diploma or equivalent	2	8
Personal service managers, all other; entertainment and recreation managers, except gambling; and managers, all other	-2	Bachelor's degree	5	21
Customer service representatives	-2	High school diploma or equivalent	2	4
First-line supervisors of retail sales workers	-5	High school diploma or equivalent	2	5
First-line supervisors of non-retail sales workers	-8	High school diploma or equivalent	2	11
Chief executives	-10	Bachelor's degree	3	30
Note: Occupational profiles may comprise multiple SOC occupations, which may have differing education categories. Source: U.S. Bureau of Labor Statistics, Employment Projections program (projected growth, entry-level education) and U.S. Census Bureau, American Community Survey (degree holders, advanced degrees).

Suggested citation:

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Field of degree: Business,
at https://www.bls.gov/ooh/field-of-degree/business/business-field-of-degree.htm (visited August 10, 2021).

Last Modified Date: Monday, November 30, 2020