Average Business and Financial Operations Occupations Salary in North Carolina
In North Carolina, professionals in Business and Financial Operations Occupations earn an average annual salary of $92,860. This figure is slightly below the national average of $94,590, but the state's robust economic landscape and specific industry demands contribute to competitive compensation for these vital roles.
Executive Summary
- Average Salary: $92,860 per year.
- Growth Trend: Salaries have shifted 18.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $139,980.
- Outlook: North Carolina boasts a substantial workforce of 339,440 individuals in Business and Financial Operations, with a location quotient of 1.03 indicating a concentration slightly above the national average. This suggests a healthy and established demand for these professionals within the state's economy, signifying a stable job market.
Salary Overview
The average Business and Financial Operations Occupations in North Carolina earns-1.8%below the national average.
$44.6
$1,786
$7,738
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Business and Financial Operations roles in North Carolina have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is driven by increasing business complexity, evolving financial regulations, and the continuous need for skilled professionals to manage and analyze financial data.
Business and Financial Operations Occupations Salary Distribution in North Carolina
Salary progression within Business and Financial Operations in North Carolina is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command significantly higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior-level salaries reflects the value placed on expertise and proven track records.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,970 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,645 | $33.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,660 | $37.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,075 | $55.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $139,980 | $67.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$92,860
Gross Pay
Real Wage (Purchasing Power)
$97,850
Adjusted for COL (94.9)
The average annual salary of $92,860 in North Carolina presents a favorable financial outlook when considering the state's cost of living index of 94.9. This index is below the national average of 100, meaning that the purchasing power of the salary is enhanced, allowing residents to enjoy a higher standard of living compared to more expensive states.
Job Market Context
339,440
Total Jobs
69.299
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, North Carolina has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a location quotient of 1.03, North Carolina shows a slightly higher concentration of Business and Financial Operations roles than the national average. This suggests that the job market is robust and actively seeking these professionals, indicating a competitive yet accessible environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Business and Financial Operations Occupations Salary | $81,620↓ 12% | 32 mi |
| Pinehurst-Southern Pines, NC Business and Financial Operations Occupations Salary | $83,160↓ 10% | 36 mi |
| Burlington, NC Business and Financial Operations Occupations Salary | $74,260↓ 20% | 36 mi |
| Winston-Salem, NC Business and Financial Operations Occupations Salary | $83,340↓ 10% | 41 mi |
| Durham-Chapel Hill, NC Business and Financial Operations Occupations Salary | $95,160↑ 2% | 56 mi |
Comparing salaries near North Carolina
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in North Carolina?
The median annual salary for a Business and Financial Operations Occupations in North Carolina is $92,860. This typically ranges from $45,970 for entry-level positions to $139,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Carolina is 1.8% lower than the national median of $94,590.
Is North Carolina a lucrative place for Business and Financial Operations Occupations?
Yes, North Carolina offers a financially sound environment for these professionals.The average salary of $92,860, combined with a cost of living below the national average, provides strong purchasing power. Furthermore, a location quotient slightly above the national average indicates a healthy demand for these roles.
Is North Carolina a good place to live for Business and Financial Operations Occupations?
With a Cost of Living Index of 94.9 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near North Carolina?
Some top paying nearby cities include Greensboro-High Point, NC ($81,620) and Pinehurst-Southern Pines, NC.
How does North Carolina's average salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in North Carolina is $92,860, which is slightly lower than the national average of $94,590.
What is the cost of living in North Carolina compared to the rest of the US?
North Carolina has a cost of living index of 94.9, which is below the national average of 100, making it more affordable than many other states.
How concentrated are Business and Financial Operations jobs in North Carolina?
North Carolina has a location quotient of 1.03 for these occupations, meaning they are slightly more concentrated in the state than the national average.
What does the number of jobs per 1,000 workers indicate?
With 69.299 jobs per 1,000 workers, North Carolina demonstrates a significant presence and demand for Business and Financial Operations professionals within its workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 339,440 employees in the North Carolina area with a job density of 69.299 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 North Carolina