Management, scientific & technical consulting services

Industry Group

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Workforce

1.53M

2019 BLS Estimate

Average Employee Age

43.5

Estimated Job Growth

21.8%

10-Year Projection

Average Salary

$97,771

Average Male Salary

$112,384

Average Female Salary

$109,976

About

The top three occupations in the Management, scientific & technical consulting services Industry Group are Management analysts, Other managers, Chief executives & legislators, Market research analysts & marketing specialists, and Sales representatives of services, except advertising, insurance, financial services, and travel. On average, full-time employees in the Management, scientific & technical consulting services Industry Group work 45.2 hours per week and have an average annual salary of $106,484. Part-time employees in the same industry work 21.1 hours and earn an average annual salary of $44,843.

The locations with the highest concentration of employees in the Management, scientific & technical consulting services Industry Group are Arlington County (North) PUMA, VA, District of Columbia (Central) PUMA, DC, and Near North Side, Loop & Near South Side PUMA, IL. The industry that purchases the most products or services from the Hospitals Industry Group is Management, scientific & technical consulting services.

Professional, Scientific & Technical Services Professional, Scientific & Management, and Administrative & Waste Management Services

Workforce

A snapshot of jobs, wages, and opportunities in the Management, scientific & technical consulting services Industry Group. Management analysts are the most common position, but the Management, scientific & technical consulting services Industry Group employs a relatively high number of Management analysts, compared to other industries.

The highest average salary in Management, scientific & technical consulting services goes to Physician assistants.

Monthly Employment

Start Year

Y-Axis

6.61%

Year-over-year growth

Employment change between May 2020 and May 2021

As of May 2021, there are 1.1M people employed in the Management, Scientific, and Technical Consulting Services industry. This represents a 6.61% increase in employment when compared to May 2020.

This chart shows monthly employment numbers for Management, Scientific, and Technical Consulting Services over time (non-seasonally adjusted).

Occupations

Occupations by Share

1.53M

Workforce (BLS Estimate)

ACS Estimate: 1.51M

1.45%

1 Year Growth

± 2.78%

The Bureau of Labor Statistics estimates that there were 1.53M people employed in the Management, scientific & technical consulting services Industry Group in 2019.

According to ACS estimates, the number of people employed in the Management, scientific & technical consulting services Industry Group has been growing at a rate of 1.45%, , from 1.49M people in 2019 to 1.51M people in 2020.

The following graphic shows the share of employment in Management, scientific & technical consulting services by various occupations according to ACS estimates. Management analysts represent the largest share of positions held in Management, scientific & technical consulting services at 25.5%, followed by Other managers with 8.87% and Chief executives & legislators with 3.27%.

Most Common

The most common occupations in the Management, scientific & technical consulting services Industry Group, by number of employees, are Management analysts, Other managers, Chief executives & legislators, Market research analysts & marketing specialists, and Sales representatives of services, except advertising, insurance, financial services, and travel.

Most Specialized

Compared to other Industry Groups, Management, scientific & technical consulting services employs an unusually high number of Management analysts, Environmental scientists and specialists, including health, and Market research analysts & marketing specialists.

Highest Paid

The highest paid occupations in Management, scientific & technical consulting services, by average wage, are Physician assistants, School psychologists, and Other entertainment attendants and related workers.

Wages

Average Salary

$97,771

AVERAGE WAGE

± $2,006

On average, employees in the Management, scientific & technical consulting services Industry Group make $97,771 per year. This number makes Management, scientific & technical consulting services the 12 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

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, scientific & technical consulting services Industry Group.

Wage Distribution

0.451

WAGE GINI

Management, scientific & technical consulting services has a wage GINI of 0.451, which is less than than the national average of 0.478. In other words, wages are distributed more evenly in Management, scientific & technical consulting services (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, scientific & technical consulting services Industry Group.

These are locations that employ more people in the Management, scientific & technical consulting services Industry Group than expected given both the size of that location's overall labor pool and the national size of the Management, scientific & technical consulting services Industry Group.

Diversity

Demographic information on the Management, scientific & technical consulting services Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $112,384 and $109,976. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

647k

FEMALE WORKFORCE

±19.7k

861k

MALE WORKFORCE

±22.7k

57.1% of workers in the Management, scientific & technical consulting services Industry Group are Male, making them the more common sex in the workforce. This chart shows the sex breakdown of the Management, scientific & technical consulting services Industry Group.

Wage by Sex in Common Jobs

$112,384

AVERAGE MALE SALARY

±$2,964

$109,976

AVERAGE FEMALE SALARY

±$2,884

On average, Male workers in the Management, scientific & technical consulting services Industry Group make 1.02 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Management, scientific & technical consulting services Industry Group.

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

White
Asian
Native Hawaiian and Other Pacific Islander

On average, White employees in the Management, scientific & technical consulting services Industry Group earn 1.05 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, scientific & technical consulting services Industry Group.

Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Management, scientific & technical consulting services Industry Group. 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, scientific & technical consulting services Industry Group, and the largest industry purchasing services from the Management, scientific & technical consulting services Industry Group 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, scientific & technical consulting services is from Professional, Scientific & Management, and Administrative & Waste Management Services.

Intermediate Inputs

The closest comparable data for Management, scientific & technical consulting services is from Professional, Scientific & Management, and Administrative & Waste Management Services.

HIGHEST INPUT INDUSTRY

The Management, scientific & technical consulting services Industry Group 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, scientific & technical consulting services 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, scientific & technical consulting services Industry Group in order to produce other goods and services. Purchases of the Management, scientific & technical consulting services Industry Group for final consumption by consumers, businesses, or government are not included here.

Projections

Growth projections of the Management and technical consulting services 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 and technical consulting services industry has a higher projected workforce growth at 21.8%. Its projected 10-year growth in output (28.1%) 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 and technical consulting services.

21.8%

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 and technical consulting services. This industry is expected to grow more than than 7.66%, the average rate of national job growth.