Chief Executives Employment and Wages in 2022

In 2022, the Chief Executives occupation accounted for over 199 thousand jobs in the United States, reflecting a decrease of 0.6% from 2021. The annual mean wage in 2022 was $246,440, and the median wage was $189,520. Compared to the national average for all occupations, the wages for this occupation were higher by 298.1%.

Industry Sub-Groups

Among industry sectors, Professional, Scientific, and Technical Services held the largest number of jobs for the Chief Executives occupation, employing over 35 thousand people in 2022. The annual mean wage in this sector was $251,120, with a median wage of $211,600. There was a decrease in wage variance to the national average compared to 2021, with the variance shifting from 11.1% to 1.9%, indicating industry sector wages lagged national wage trends.

Federal, State, and Local Government, excluding state and local schools and hospitals and the U.S. Postal Service (OES Designation) accounted for a substantial employment share for this occupation, with 24 thousand people employed in 2022. The annual mean wage for this sub-group was $136,410, and the median wage was $123,080. The wage variance to the national average was -44.6%, similar to 2021.

The Finance and Insurance sector also had considerable industry employment, with approximately 16 thousand people employed in 2022. The annual mean wage in this sub-group was $299,220 and the median wage was $221,462. The wage variance to the national average experienced a decrease compared to 2021, with the variance shifting from 22.5% to 21.4%.

Highest Location Concentration

When we examine the top locations in terms of proportional employment within the Chief Executives occupation, we find that Guam had the highest concentration of jobs (4.2 times the national occupational employment share). The location had an annual mean wage in 2022, at $119,810, and a median wage of $104,460. The location variance to the national average was -51.4%. San Juan-Carolina-Caguas, PR had the next highest concentration of jobs (2.9 times the national occupational employment share) and an annual mean wage of $135,840 and a median wage of $101,420. The industry variance to the national average was -44.9%. Sacramento--Roseville--Arden-Arcade, CA had 2.7 times the national occupational employment share and an annual mean wage of $182,270 and a median wage of $154,840. The industry variance to the national average was -26%.

Summary

In 2022, the Chief Executives occupation saw a slight decline of 0.6% in the United States, with over 199,000 jobs. However, the annual mean wage for Chief Executives was remarkable at $246,440, with a median wage of $189,520, surpassing the national average for all occupations by a substantial 298.1%. Within industry sectors, Professional, Scientific, and Technical Services employed the largest number of Chief Executives, with over 35,000 individuals. Despite slightly lower wages than the national average, this sector remained a significant employer. Federal, State, and Local Government, excluding state and local schools and hospitals and the U.S. Postal Service, employed 24,000 Chief Executives in 2022, with wages significantly below the national average, similar to the previous year. The Finance and Insurance sector featured approximately 16,000 Chief Executives with a high annual mean wage of $299,220, although wage variance decreased compared to 2021. When assessing locations with a high concentration of Chief Executives, Guam stood out with a concentration 4.2 times the national average, despite wages below the national average. San Juan-Carolina-Caguas, PR, and Sacramento--Roseville--Arden-Arcade, CA, also demonstrated notable job concentrations, with wage variances below the national average.

For more detailed insights, visit our Chief Executives Dashboard or consider purchasing Aimiax’s 2022 Chief Executives Occupation Report.