9781422270646

banking sector, without a large change in job duties. If employment in one industry is weak, they can seek opportunities in a faster growing sector. Earnings for many business professionals are higher than those paid to workers in other fields. For example, workers in business and financial professions earn a median annual wage of $76,570, according to the US Department of Labor (DOL). This is higher than the median annual wage for all occupations of $45,760. Workers in some professions earn much higher salaries, including advertising, promotions, and marketing managers, $133,380; financial managers, $131,710; sales managers, $127,490; financial analysts, $95,570; project management specialists, $94,500; and management analysts, $93,000. Top executives earn millions of dollars a year. On the other hand, workers in some professions earn salaries that are lower than the median annual wage for all workers. These include receptionists, $29,950; customer service representatives, $36,920; general office clerks, $37,030; and secretaries and administrative assistants, $39,680. Many people enter the field in these careers and obtain additional education to become eligible for higher-level positions. Employment in business and financial occupations is projected to grow 7 percent from 2021 to 2031, according to the DOL. This is about as fast as the average for all occupations, but the following careers will enjoy stronger growth: • advertising, promotions, and marketing managers: faster than the average • financial analysts: faster than the average • financial managers: much faster than the average • human resources specialists: much faster than the average • logisticians: much faster than the average

• management consultants: much faster than the average • training and development specialists: faster than the average

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