Average Business and Financial Operations Occupations Salary in Indiana
In Indiana, professionals in Business and Financial Operations Occupations earn an average annual salary of $81,750. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry concentration within the state. The specific economic landscape and demand for these specialized roles in Indiana directly influence this compensation level.
Executive Summary
- Average Salary: $81,750 per year.
- Growth Trend: Salaries have shifted 19.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,220.
- Outlook: Indiana's market for Business and Financial Operations Occupations is substantial, supporting a local workforce of 153,680 individuals. While the Location Quotient of 0.72 suggests a slightly lower concentration compared to the national average, the sheer volume of jobs per 1,000 workers (48.227) indicates a consistent presence and ongoing need for these professionals within the state's economy.
Salary Overview
The average Business and Financial Operations Occupations in Indiana earns-13.6%below the national average.
$39.3
$1,572
$6,813
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a general upward trend in salaries for Business and Financial Operations Occupations over the past four years, mirroring national economic growth and increasing demand for financial expertise. This growth is likely driven by evolving business needs and the increasing complexity of financial management across industries.
Business and Financial Operations Occupations Salary Distribution in Indiana
Salary progression within Business and Financial Operations Occupations in Indiana typically scales significantly with experience. Entry-level positions will command lower salaries, while senior roles, requiring specialized knowledge and extensive experience, will see substantial increases. The widening gap between entry-level and senior-level compensation percentiles clearly signifies a robust career ladder and opportunities for advancement within the state.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,470 | $21.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,313 | $29.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,590 | $35.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,188 | $49.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,220 | $60.2 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$81,750
Gross Pay
Real Wage (Purchasing Power)
$90,833
Adjusted for COL (90)
The nominal average salary of $81,750 in Indiana presents a favorable financial picture when considered against the state's Cost of Living Index of 90. This index, being below the national average of 100, means that the purchasing power of an Indiana salary is effectively enhanced, allowing residents to enjoy a higher standard of living compared to areas with a higher cost of living, even with a lower nominal income.
Job Market Context
153,680
Total Jobs
48.227
Per 1K Jobs
0.72
Location Quotient
Indiana has 0.72x 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.
With a Location Quotient of 0.72, Indiana's market for Business and Financial Operations Occupations is less concentrated than the national average. This suggests that while these roles are present and necessary, the competition might be less intense than in major financial hubs, potentially offering unique opportunities for skilled professionals seeking a foothold or advancement in a less saturated market.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Business and Financial Operations Occupations Salary | $86,790↑ 6% | 8 mi |
| Kokomo, IN Business and Financial Operations Occupations Salary | $78,180↓ 4% | 43 mi |
| Columbus, IN Business and Financial Operations Occupations Salary | $79,720↓ 2% | 48 mi |
| Bloomington, IN Business and Financial Operations Occupations Salary | $79,470↓ 3% | 49 mi |
| Lafayette-West Lafayette, IN Business and Financial Operations Occupations Salary | $78,340↓ 4% | 50 mi |
Comparing salaries near Indiana
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Indiana?
The median annual salary for a Business and Financial Operations Occupations in Indiana is $81,750. This typically ranges from $44,470 for entry-level positions to $125,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Indiana is 13.6% lower than the national median of $94,590.
Is Indiana a lucrative place for Business and Financial Operations Occupationss?
Yes, especially when considering the cost of living.While the average salary of $81,750 is below the national average, Indiana's lower cost of living index of 90 significantly boosts the purchasing power of this income. This makes it a financially advantageous location for these professionals.
Is Indiana a good place to live for Business and Financial Operations Occupations?
With a Cost of Living Index of 90 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Indiana?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($86,790) and Kokomo, IN.
How does Indiana's average salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Indiana is $81,750, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Indiana?
Indiana has a Location Quotient of 0.72 for these occupations, indicating a slightly lower concentration compared to the national average.
How many Business and Financial Operations jobs are there per 1,000 workers in Indiana?
There are approximately 48.227 jobs per 1,000 workers in Business and Financial Operations Occupations in Indiana.
What is the total workforce size for Business and Financial Operations Occupations in Indiana?
The total local workforce for Business and Financial Operations Occupations in Indiana comprises 153,680 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 153,680 employees in the Indiana area with a job density of 48.227 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 Indiana