Average Business and Financial Operations Occupations Salary in Pennsylvania
In Pennsylvania, professionals in Business and Financial Operations Occupations earn an average annual salary of $86,650. This figure is slightly below the national average of $94,590, reflecting a localized market dynamic. Factors such as regional economic conditions and the specific industry mix within the state contribute to this compensation level.
Executive Summary
- Average Salary: $86,650 per year.
- Growth Trend: Salaries have shifted 10.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,610.
- Outlook: Pennsylvania's labor market for Business and Financial Operations Occupations is substantial, supporting a workforce of 364,580 individuals. With a jobs-per-1,000-workers ratio of 60.621, these roles are a significant component of the state's economy. The Location Quotient of 0.9 indicates that these occupations are present in Pennsylvania at a rate very close to the national average, suggesting a stable and consistent demand for these professionals.
Salary Overview
The average Business and Financial Operations Occupations in Pennsylvania earns-8.4%below the national average.
$41.7
$1,666
$7,221
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in Pennsylvania have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for specialized financial expertise typically drive upward salary adjustments in this sector.
Business and Financial Operations Occupations Salary Distribution in Pennsylvania
Salary progression within Business and Financial Operations Occupations in Pennsylvania is strongly tied to experience and specialization. Entry-level positions typically start at lower percentiles, while senior roles and those with advanced certifications or management responsibilities command significantly higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior compensation reflects the value placed on accumulated expertise and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,610 | $21.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,988 | $31.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,130 | $37.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,313 | $52.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,610 | $63.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$86,650
Gross Pay
Real Wage (Purchasing Power)
$87,525
Adjusted for COL (99)
The average annual salary of $86,650 in Pennsylvania aligns favorably with the state's Cost of Living Index of 99, which is precisely at the national average. This means that the purchasing power of the average salary is very close to what it would be in a typical U.S. location, making Pennsylvania an economically stable choice for professionals in this field.
Job Market Context
364,580
Total Jobs
60.621
Per 1K Jobs
0.9
Location Quotient
Pennsylvania has 0.90x 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 0.9, Business and Financial Operations Occupations are represented in Pennsylvania at a level nearly equivalent to the national average. This suggests a well-established and competitive job market, where opportunities are readily available but perhaps not as concentrated as in some other states. Professionals can expect a balanced environment with consistent demand.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Williamsport, PA Business and Financial Operations Occupations Salary | $73,310↓ 15% | 9 mi |
| State College, PA Business and Financial Operations Occupations Salary | $79,320↓ 8% | 45 mi |
| Elmira, NY Business and Financial Operations Occupations Salary | $83,440↓ 4% | 65 mi |
| Harrisburg-Carlisle, PA Business and Financial Operations Occupations Salary | $80,430↓ 7% | 66 mi |
| Lebanon, PA Business and Financial Operations Occupations Salary | $75,790↓ 13% | 72 mi |
Comparing salaries near Pennsylvania
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Pennsylvania?
The median annual salary for a Business and Financial Operations Occupations in Pennsylvania is $86,650. This typically ranges from $45,610 for entry-level positions to $132,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Pennsylvania is 8.4% lower than the national median of $94,590.
Is Pennsylvania a lucrative place for Business and Financial Operations Occupationss?
Yes, with a stable cost of living.Pennsylvania offers a competitive average salary of $86,650, which holds strong purchasing power due to a Cost of Living Index at the national average. The robust workforce size indicates consistent demand for these roles.
Is Pennsylvania a good place to live for Business and Financial Operations Occupations?
With a Cost of Living Index of 99 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Pennsylvania?
Some top paying nearby cities include Williamsport, PA ($73,310) and State College, PA.
How does Pennsylvania's average salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Pennsylvania is $86,650, which is slightly lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Pennsylvania?
Pennsylvania has a Location Quotient of 0.9 for these occupations, indicating a concentration very close to the national average, suggesting a stable and significant presence in the state's job market.
How does the cost of living in Pennsylvania affect salary value?
With a Cost of Living Index of 99, the $86,650 average salary in Pennsylvania offers purchasing power equivalent to the national average, making it a financially sound location.
What is the total number of workers in Business and Financial Operations in Pennsylvania?
There are 364,580 individuals employed in Business and Financial Operations Occupations in Pennsylvania, highlighting the sector's significant contribution to the state's economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 364,580 employees in the Pennsylvania area with a job density of 60.621 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 Pennsylvania