Average Business and Financial Operations Occupations Salary in Milwaukee-Waukesha, WI
In Milwaukee-Waukesha, WI, professionals in Business and Financial Operations Occupations earn an average annual salary of $87,850. This figure is slightly below the national average of $94,590, a difference often influenced by regional economic factors and the specific industry concentration within the local market. The unique economic landscape of Milwaukee-Waukesha shapes compensation for these vital roles.
Executive Summary
- Average Salary: $87,850 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,190.
- Outlook: The Milwaukee-Waukesha area supports a substantial workforce of 57,260 individuals in Business and Financial Operations Occupations. With a location quotient of 1.04, this sector is slightly more concentrated than the national average, indicating a stable and established presence. The presence of nearly 70 jobs per 1,000 workers suggests a consistent demand for these specialized skills within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Milwaukee-Waukesha, WI earns-7.1%below the national average.
$42.2
$1,689
$7,321
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that Business and Financial Operations Occupations in Milwaukee-Waukesha have experienced steady salary growth over the past four years, mirroring national trends. Economic expansion and increasing demand for financial expertise typically drive up compensation, suggesting a positive trajectory for professionals in this field.
Business and Financial Operations Occupations Salary Distribution in Milwaukee-Waukesha, WI
Salary progression within Business and Financial Operations Occupations in Milwaukee-Waukesha is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect significantly higher earnings. The widening gap between entry-level and senior-level salaries reflects substantial career growth opportunities and the increasing value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,140 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,888 | $31.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,260 | $37.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,813 | $52.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,190 | $63.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$87,850
Gross Pay
Real Wage (Purchasing Power)
$87,850
Adjusted for COL (100)
The nominal average salary of $87,850 in Milwaukee-Waukesha aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the average salary in this region is equivalent to the national average, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
57,260
Total Jobs
69.88
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Milwaukee-Waukesha, WI has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a location quotient of 1.04, the Business and Financial Operations sector in Milwaukee-Waukesha is marginally more concentrated than the national average. This suggests a healthy and competitive job market where demand for these professionals is slightly higher than the national benchmark, offering good opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Racine-Mount Pleasant, WI Business and Financial Operations Occupations Salary | $82,330↓ 6% | 25 mi |
| Kenosha, WI Business and Financial Operations Occupations Salary | $81,140↓ 8% | 33 mi |
| Sheboygan, WI Business and Financial Operations Occupations Salary | $84,470↓ 4% | 48 mi |
| Fond du Lac, WI Business and Financial Operations Occupations Salary | $82,800↓ 6% | 54 mi |
| Janesville-Beloit, WI Business and Financial Operations Occupations Salary | $80,320↓ 9% | 59 mi |
Comparing salaries near Milwaukee-Waukesha, WI
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Milwaukee-Waukesha, WI?
The median annual salary for a Business and Financial Operations Occupations in Milwaukee-Waukesha, WI is $87,850. This typically ranges from $48,140 for entry-level positions to $132,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Milwaukee-Waukesha, WI is 7.1% lower than the national median of $94,590.
Is Milwaukee-Waukesha, WI a lucrative place for Business and Financial Operations Occupations?
Yes, with a stable market.While the average salary is slightly below the national average, the cost of living is also at the national average, making it a financially balanced location. The slightly higher concentration of these roles indicates a robust local demand.
Is Milwaukee-Waukesha, WI a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Milwaukee-Waukesha, WI?
Some top paying nearby cities include Racine-Mount Pleasant, WI ($82,330) and Kenosha, WI.
How does the Milwaukee-Waukesha salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Milwaukee-Waukesha is $87,850, which is approximately $6,740 less than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Milwaukee-Waukesha?
The location quotient for these occupations in Milwaukee-Waukesha is 1.04, indicating that the jobs are slightly more concentrated in this area compared to the national average.
How does the cost of living in Milwaukee-Waukesha affect salary perception?
With a Cost of Living Index of 100, the national average, the $87,850 salary in Milwaukee-Waukesha offers purchasing power equivalent to the national average, making it a fair compensation relative to living expenses.
What does the job density suggest for this sector in Milwaukee-Waukesha?
There are 69.88 jobs per 1,000 workers in Business and Financial Operations Occupations in Milwaukee-Waukesha, suggesting a significant presence and consistent employment opportunities within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 57,260 employees in the Milwaukee-Waukesha, WI area with a job density of 69.88 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 Milwaukee-Waukesha, WI