Average Business and Financial Operations Occupations Salary in Alaska
In Alaska, professionals in Business and Financial Operations Occupations earn an average annual salary of $90,470. This figure is slightly below the national average of $94,590, a difference often influenced by regional economic factors and the unique operational demands of the state. The specific economic landscape and industry concentration within Alaska play a significant role in shaping compensation for these vital roles.
Executive Summary
- Average Salary: $90,470 per year.
- Growth Trend: Salaries have shifted 15.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,370.
- Outlook: Alaska's market for Business and Financial Operations roles comprises a workforce of 13,860 individuals. With a Location Quotient of 0.64, these occupations are less concentrated in Alaska compared to the national average, suggesting a potentially less saturated but perhaps more specialized job market. The presence of 43.162 jobs per 1,000 workers indicates a steady, albeit not overwhelmingly high, demand for these professionals within the state's economy.
Salary Overview
The average Business and Financial Operations Occupations in Alaska earns-4.4%below the national average.
$43.5
$1,740
$7,539
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Alaska's Business and Financial Operations sector isn't provided, it's reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts, inflation, and evolving industry needs typically drive incremental increases in compensation for skilled professionals, suggesting that the average salary has likely seen positive movement, adapting to both market forces and the increasing value placed on financial expertise.
Business and Financial Operations Occupations Salary Distribution in Alaska
Career progression within Business and Financial Operations Occupations in Alaska typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries well into the upper percentiles. These widening gaps between entry-level and senior roles clearly signify substantial career advancement opportunities and the corresponding financial rewards for dedication and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,080 | $26 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,853 | $32.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,570 | $39.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,088 | $54.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,370 | $63.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$90,470
Gross Pay
Real Wage (Purchasing Power)
$71,461
Adjusted for COL (126.6)
While the average annual salary in Alaska for Business and Financial Operations roles stands at $90,470, it's crucial to consider the local cost of living, which is 26.6% higher than the national average (index of 126.6). This means that the purchasing power of the nominal salary is somewhat diminished compared to areas with a lower cost of living. Prospective residents should carefully evaluate their financial needs and lifestyle expectations against this higher expense ratio to determine the true financial viability of relocating.
Job Market Context
13,860
Total Jobs
43.162
Per 1K Jobs
0.64
Location Quotient
Alaska has 0.64x the national average concentration of Business and Financial Operations Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.64 for Business and Financial Operations Occupations in Alaska indicates that these roles are less prevalent in the state compared to the national average. This suggests that the job market might be less competitive in terms of sheer volume of applicants for any given position, but it could also imply a more niche demand. Companies seeking these professionals may need to look harder or offer competitive packages to attract talent to a region where these roles are not as densely populated.
Nearby Job Markets
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Alaska?
The median annual salary for a Business and Financial Operations Occupations in Alaska is $90,470. This typically ranges from $54,080 for entry-level positions to $132,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Alaska is 4.4% lower than the national median of $94,590.
Is Alaska a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative when considering the cost of living.While the average salary of $90,470 is substantial, it falls below the national average and is significantly impacted by Alaska's high cost of living index of 126.6.
Is Alaska a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Alaska is 126.6. While higher than average, this often correlates with higher wages.
How does Alaska's average salary compare to the national average for this field?
The average annual salary in Alaska for Business and Financial Operations Occupations is $90,470, which is slightly lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Alaska?
Alaska has a lower concentration of these jobs compared to the national average, indicated by a Location Quotient of 0.64.
How does the cost of living affect the salary in Alaska?
Alaska's cost of living is 26.6% higher than the national average, meaning the $90,470 salary has less purchasing power than it would in a more affordable state.
What does the job market size indicate for these roles in Alaska?
With 13,860 individuals in these roles and 43.162 jobs per 1,000 workers, the market is present but not as densely populated as the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 13,860 employees in the Alaska area with a job density of 43.162 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Alaska