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Business and Finance
Jobs in the business and finance occupation group can be found in nearly every type of establishment/firm throughout the region. These workers need strong mathematical and accounting abilities along with project management and planning skills. Workers in this occupation group are in high demand in southeast Michigan, with about 21,000 job openings annually.
Employment Over Time 2012-2022
295,202 Business and Finance Workers 0.5% Increase from 2021
Business and Finance Worker Demographics
The business and finance occupation group is somewhat diverse in respect to its nearly 295,205 workers. Almost half the working population identify as female (47.6 percent), however 80.6 percent of workers identified as white, indicating much less diversity with respect to race than gender. Only 4.4 percent of the working population in business and finance is under the age of 25, compared to 24.9 percent age 55 and older. In some ways, this indicates an aging business and finance workforce, though it also reflects the consistent need for a bachelor’s degree in these occupations.
Worker Gender Demographics
47.6% Female
52.4% Male
Race and Ethnicity Demographics 80.6% White | 10.5% Black or African-American | 4.1% Asian
Worker Age Demographics
Top Posted Jobs
There were 64,475 business and finance postings during Q1 2022, an increase of 5,244 postings or 8.9 percent since Q4 2021. Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products is the top indemand occupation, with 9,569 postings. Personal Service Managers, All Other; Entertainment and Recreation Managers, Except Gambling; and Managers, All Other (7,303 postings) is the second highest demanded occupation, while Human Resources Specialists (4,443 postings), General and Operations Managers (4,228 postings), and Project Management Specialists and Business Operations Specialists, All Other (3,325 postings) round out the top demanded occupations.
Wage Overview
Most business and finance related jobs offer high wages, providing a lucrative opportunity for job seekers willing to attain the necessary education. The top posted business and finance job, Sales Managers, offers median hourly wages of $68.23, translating to annual earnings of approximately $141,917. All the top business occupations offer median wages over $29.00 per hour, and most prefer a bachelor’s degree for entry.
Wage Overview for Top Posted Business and Finance Jobs in Q1 2022
In-Demand Technical Skills
Marketing Finance Accounting Auditing Customer Support Communications Management Sales Customer Service Leadership
In-Demand Education Level*
High School Diploma: 17.2% Associate Degree: 7.2% Bachelor's Degree: 60.1% Master's Degree: 13.2%
*Not all job postings indicate the required educational attainment level, therefore the percentages found here may not add up to 100 percent
Top Posting Employers Job Postings by City
Deloitte University Of Michigan General Motors Robert Half CBRE Group Facebook General Dynamics Kelly Services State Farm Salesforce 1. Detroit: 14,674 Postings 2. Lansing: 7,232 Postings 3. Ann Arbor: 4,826 Postings 4. Troy: 3,893 Postings 5. Southfield: 2,859 Postings 6. Warren: 2,063 Postings 7. Dearborn: 1,952 Postings 8. Livonia: 1,822 Postings 9. Auburn Hills: 1,678 Postings 10. Farmington: 1,607 Postings
Bachelor of Science in Business or
Business Administration Certified Public Accountant Project Management Professional
Certification Professional in Human Resources Certified Internal Auditor
