Average Business and Financial Operations Occupations Salary in Mississippi
In Mississippi, professionals in Business and Financial Operations Occupations can expect an average annual salary of $73,720. 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 Mississippi directly influence this compensation level.
Executive Summary
- Average Salary: $73,720 per year.
- Growth Trend: Salaries have shifted 17.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,080.
- Outlook: Mississippi's Business and Financial Operations sector employs a substantial workforce of 45,280 individuals. With a Location Quotient of 0.58, the concentration of these roles is below the national average, suggesting a less saturated market compared to other states. The presence of nearly 39 jobs per 1,000 workers indicates a steady, albeit not overwhelmingly high, demand for these essential operational and financial professionals within the state's economy.
Salary Overview
The average Business and Financial Operations Occupations in Mississippi earns-22.1%below the national average.
$35.4
$1,418
$6,143
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Mississippi's Business and Financial Operations Occupations isn't provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic recovery and evolving business needs typically drive increased demand and, consequently, upward pressure on wages for skilled professionals in finance and operations.
Business and Financial Operations Occupations Salary Distribution in Mississippi
Salary progression within Business and Financial Operations Occupations in Mississippi typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior-level salaries underscores the career advancement opportunities and the value placed on expertise in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,080 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,290 | $26.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,420 | $30.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,150 | $44.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,080 | $54.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$73,720
Gross Pay
Real Wage (Purchasing Power)
$85,029
Adjusted for COL (86.7)
The average annual salary of $73,720 in Mississippi for Business and Financial Operations roles presents a compelling financial picture when contrasted with the state's Cost of Living Index of 86.7. This index, being below the national average of 100, suggests that the nominal salary earned in Mississippi offers a relatively strong purchasing power, potentially allowing for a higher standard of living than the salary alone might indicate when compared to higher cost-of-living areas.
Job Market Context
45,280
Total Jobs
39.04
Per 1K Jobs
0.58
Location Quotient
Mississippi has 0.58x 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 0.58, Business and Financial Operations Occupations are less concentrated in Mississippi than the national average. This indicates that while these roles are present and necessary, the market is not as saturated with professionals in this field compared to the rest of the country. This could translate to fewer competitors for available positions, potentially offering a unique advantage for skilled individuals seeking employment in these sectors within the state.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Business and Financial Operations Occupations Salary | $74,850↑ 2% | 43 mi |
Comparing salaries near Mississippi
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Mississippi?
The median annual salary for a Business and Financial Operations Occupations in Mississippi is $73,720. This typically ranges from $37,080 for entry-level positions to $114,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mississippi is 22.1% lower than the national median of $94,590.
Is Mississippi a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to the national average.The average salary of $73,720 is significantly lower than the national average of $94,590. However, the lower cost of living in Mississippi may partially offset this difference in purchasing power.
Is Mississippi a good place to live for Business and Financial Operations Occupations?
With a Cost of Living Index of 86.7 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Mississippi?
Some top paying nearby cities include Jackson, MS ($74,850) and others.
How does Mississippi's cost of living compare to the national average?
Mississippi's cost of living is considerably lower than the national average, with an index of 86.7 compared to the national benchmark of 100.
What is the concentration of Business and Financial Operations jobs in Mississippi?
The concentration, measured by the Location Quotient, is 0.58, indicating that these jobs are less prevalent in Mississippi than the national average.
How many Business and Financial Operations jobs are there per 1,000 workers in Mississippi?
There are approximately 39.04 jobs per 1,000 workers in Business and Financial Operations Occupations within Mississippi.
What is the total workforce size for these occupations in Mississippi?
The total local workforce for Business and Financial Operations Occupations in Mississippi is 45,280 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 45,280 employees in the Mississippi area with a job density of 39.04 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 Mississippi