Average Business and Financial Operations Occupations Salary in Washington
Professionals in Business and Financial Operations Occupations in Washington State earn an impressive average annual salary of $104,130, significantly outpacing the national average of $94,590. This elevated compensation is likely driven by Washington's robust economic landscape, strong presence of major corporations, and a highly skilled workforce demanding competitive remuneration.
Executive Summary
- Average Salary: $104,130 per year.
- Growth Trend: Salaries have shifted 20.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $163,800.
- Outlook: With a substantial local workforce of 299,270 individuals in Business and Financial Operations, Washington demonstrates a significant concentration of talent in this sector, as indicated by a Location Quotient of 1.26. This suggests a robust job market where these roles are more prevalent than the national average, pointing towards sustained demand and a healthy employment environment for professionals.
Salary Overview
The average Business and Financial Operations Occupations in Washington earns+10.1%above the national average.
$50.1
$2,003
$8,678
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that the Business and Financial Operations sector in Washington has experienced salary growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for specialized financial skills, and the overall economic expansion of the state likely contribute to a positive trajectory for compensation in this field.
Business and Financial Operations Occupations Salary Distribution in Washington
Within the Business and Financial Operations field in Washington, salary progression is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with advanced degrees and extensive experience can expect to earn significantly more, often reaching into the upper percentiles. The widening salary gap between junior and senior roles reflects the increasing value placed on expertise and leadership in financial and operational management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,710 | $27.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $78,098 | $37.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,730 | $46 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $130,163 | $62.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $163,800 | $78.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$104,130
Gross Pay
Real Wage (Purchasing Power)
$90,469
Adjusted for COL (115.1)
While the average annual salary of $104,130 in Washington is attractive, it's crucial to consider the local cost of living. With an index of 115.1, Washington is approximately 15.1% more expensive than the national average. This means that while the nominal salary is higher, the purchasing power may be somewhat moderated by the increased expenses for housing, goods, and services.
Job Market Context
299,270
Total Jobs
84.549
Per 1K Jobs
1.26
Location Quotient
With a location quotient of 1.26, Washington has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
A Location Quotient of 1.26 for Business and Financial Operations Occupations in Washington indicates a market that is more concentrated than the national average. This suggests a healthy demand for these professionals, as the proportion of these jobs in Washington is higher than what would be expected based on the general workforce distribution. It implies a competitive but potentially rewarding environment for those seeking employment or career advancement in this sector.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Seattle-Tacoma-Bellevue, WA Business and Financial Operations Occupations Salary | $110,430↑ 6% | 42 mi |
| Wenatchee-East Wenatchee, WA Business and Financial Operations Occupations Salary | $86,020↓ 17% | 54 mi |
| Bremerton-Silverdale-Port Orchard, WA Business and Financial Operations Occupations Salary | $95,860↓ 8% | 58 mi |
| Olympia-Lacey-Tumwater, WA Business and Financial Operations Occupations Salary | $85,600↓ 18% | 70 mi |
| Yakima, WA Business and Financial Operations Occupations Salary | $82,840↓ 20% | 71 mi |
Comparing salaries near Washington
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Washington?
The median annual salary for a Business and Financial Operations Occupations in Washington is $104,130. This typically ranges from $57,710 for entry-level positions to $163,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington is 10.1% higher than the national median of $94,590.
Is Washington a lucrative place for Business and Financial Operations Occupationss?
Yes, Washington offers lucrative opportunities for Business and Financial Operations professionals.The average salary of $104,130 significantly exceeds the national average, and the high concentration of these roles (LQ of 1.26) indicates strong market demand.
Is Washington a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Washington is 115.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($110,430) and Wenatchee-East Wenatchee, WA.
How does Washington's average salary compare to the national average for this field?
The average annual salary for Business and Financial Operations Occupations in Washington is $104,130, which is notably higher than the national average of $94,590.
What does the Location Quotient of 1.26 mean for job seekers?
A Location Quotient of 1.26 signifies that Business and Financial Operations roles are 26% more concentrated in Washington than the national average, suggesting a robust job market with potentially higher demand for these professionals.
How does the cost of living affect the salary in Washington?
With a Cost of Living Index of 115.1, Washington is more expensive than the national average. While the higher salary offers greater nominal income, the increased cost of living should be factored into the real purchasing power.
What is the total number of workers in Business and Financial Operations in Washington?
There are approximately 299,270 individuals employed in Business and Financial Operations Occupations within Washington State.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 299,270 employees in the Washington area with a job density of 84.549 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 Washington