Average Business and Financial Operations Occupations Salary in Shreveport-Bossier City, LA
In Shreveport-Bossier City, LA, professionals in Business and Financial Operations Occupations earn an average annual salary of $76,010. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand dynamics within the local market. The cost of living in Shreveport-Bossier City aligns precisely with the national average, meaning that while nominal salaries are lower, purchasing power remains consistent.
Executive Summary
- Average Salary: $76,010 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,640.
- Outlook: The Business and Financial Operations sector in Shreveport-Bossier City comprises a workforce of 6,370 individuals. With a Location Quotient of 0.59, this sector is less concentrated than the national average, suggesting a moderate level of demand relative to the overall job market. The presence of nearly 40 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, level of employment opportunities within this field in the region.
Salary Overview
The average Business and Financial Operations Occupations in Shreveport-Bossier City, LA earns-19.6%below the national average.
$36.5
$1,462
$6,334
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries within Business and Financial Operations Occupations have seen consistent growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increasing demand for specialized financial skills, and the evolving complexity of business operations. Professionals can anticipate a gradual upward trend in earning potential within this sector.
Business and Financial Operations Occupations Salary Distribution in Shreveport-Bossier City, LA
Career progression within Business and Financial Operations Occupations significantly impacts earning potential. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized expertise can achieve significantly higher compensation. The percentile gaps between entry-level and senior roles highlight the substantial career advancement and salary scaling opportunities available to dedicated individuals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,160 | $18.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,008 | $27.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,700 | $31.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,013 | $45.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,640 | $58 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$76,010
Gross Pay
Real Wage (Purchasing Power)
$76,010
Adjusted for COL (100)
The nominal average salary of $76,010 in Shreveport-Bossier City, LA, is directly offset by a Cost of Living Index of 100, which is precisely the national average. This means that despite earning less than the national average in absolute dollar terms, the purchasing power of a Shreveport-Bossier City resident in these roles remains on par with the national standard. Therefore, the lower salary does not necessarily translate to a reduced standard of living.
Job Market Context
6,370
Total Jobs
39.835
Per 1K Jobs
0.59
Location Quotient
Shreveport-Bossier City, LA has 0.59x 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.
A Location Quotient of 0.59 for Business and Financial Operations Occupations in Shreveport-Bossier City indicates that this sector is less concentrated locally compared to the national average. This suggests that while the jobs exist, the market is not saturated, and there may be room for growth. It implies a moderate level of competition, where skilled professionals can find opportunities, but the sheer volume of available roles might be lower than in more heavily concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Longview, TX Business and Financial Operations Occupations Salary | $72,590↓ 4% | 56 mi |
| Texarkana, TX-AR Business and Financial Operations Occupations Salary | $69,880↓ 8% | 70 mi |
| Tyler, TX Business and Financial Operations Occupations Salary | $73,660↓ 3% | 89 mi |
Comparing salaries near Shreveport-Bossier City, LA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Shreveport-Bossier City, LA?
The median annual salary for a Business and Financial Operations Occupations in Shreveport-Bossier City, LA is $76,010. This typically ranges from $39,160 for entry-level positions to $120,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Shreveport-Bossier City, LA is 19.6% lower than the national median of $94,590.
Is Shreveport-Bossier City, LA a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to the national average.While the cost of living is average, the average salary of $76,010 is significantly lower than the national average of $94,590 for these roles.
Is Shreveport-Bossier City, LA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Shreveport-Bossier City, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Shreveport-Bossier City, LA?
Some top paying nearby cities include Longview, TX ($72,590) and Texarkana, TX-AR.
How does the total workforce size affect job prospects?
A total local workforce of 6,370 in Business and Financial Operations Occupations suggests a moderately sized sector. While not as large as in major hubs, it indicates a stable presence and consistent demand for professionals within the Shreveport-Bossier City area.
What does a Location Quotient of 0.59 mean for job seekers?
A Location Quotient of 0.59 signifies that Business and Financial Operations Occupations are less prevalent in Shreveport-Bossier City compared to the national average. This implies a less competitive market in terms of sheer numbers but potentially fewer specialized roles compared to larger, more concentrated economic centers.
How does the Cost of Living Index impact salary perception?
With a Cost of Living Index of 100, Shreveport-Bossier City's expenses are on par with the national average. This means the $76,010 salary offers a comparable standard of living to what $94,590 might offer nationally, making the lower nominal salary more palatable.
Are there significant salary differences based on experience in Shreveport-Bossier City?
Yes, as with most fields, experience plays a crucial role. Entry-level positions will offer lower salaries, while senior roles requiring extensive expertise and a proven track record will command significantly higher compensation, reflecting the typical career progression and salary scaling in Business and Financial Operations.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,370 employees in the Shreveport-Bossier City, LA area with a job density of 39.835 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 Shreveport-Bossier City, LA