Buffalo Niagara Region Industry Dashboard - Advanced Business Sector
Buffalo Niagara Region Population
1,178,178
Buffalo Niagara Total Payrolled Businesses in Advanced Business Sector
1,970
Buffalo Niagara Advanced Business Sector Gross Regional Product
$8.6B
The national median salary for all industries in an area this size is $84,753
Buffalo Niagara Region Median Earnings Per Job Among all Industries: $77,012
The national average salary for Advanced Business jobs in an area this size is $128,714
Buffalo Niagara Region Average Earnings Per Job in Advanced Business Sector: $97,610
From 2017 to 2023, jobs declined by 3.3% in Buffalo-Cheektowaga, NY from 580,475 to 561,132. This change fell short of the national growth rate of 3.6%. The projected 5-year total job growth rate is 3% (2023 - 2028)
Total Regional Employment Among all Industries in Buffalo Niagara Region: 561,132
Buffalo Niagara Region 5-year job growth rate in Advanced Business Sector: -12% (2017 - 2022) The projected 5-year industry job growth rate is -1% (2023 - 2028)
Total Regional Advanced Business Industry Employment in Buffalo Niagara Region: 33,874
Employers
Business Count by Advanced Business Sub-Industry
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2023 Payrolled Business Locations
Careers
All data queried from Buffalo Niagara Region
Advanced Business Occupations, Wages & Diversity
Advanced Business Services Occupation Concentration and Characteristics
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Profession | 2024 Jobs | 2023 Median Salary | 2023 Average Hourly Wage | 2024 LQ (Occupation Concentration) | 2019-2024 % Change in Jobs |
|---|---|---|---|---|---|
| Financial Specialists | 31,480 | $85,759 | $65.81 | 1.22 | 42.29% |
| Business Operations Specialists | 28,130 | $73,993 | $43.22 | 0.96 | 27.18% |
| Information and Record Clerks | 22,358 | $41,803 | $21.71 | 1.17 | -14.56% |
| Secretaries and Administrative Assistants | 14,049 | $47,612 | $24.85 | 1.2 | -15.23% |
| Material Recording, Scheduling, Dispatching, and Distributing Workers | 14,040 | $41,941 | $21.8 | 1.04 | 30.1% |
| Financial Clerks | 13,633 | $45,266 | $24.14 | 1.33 | -7.47% |
| Other Office and Administrative Support Workers | 11,473 | $42,243 | $21.84 | 0.97 | -25.59% |
| Supervisors of Office and Administrative Support Workers | 5,369 | $63,432 | $33.16 | 1.03 | -19.24% |
Median Job Posting Duration: 34 days
Buffalo Niagara Job Postings in Advanced Business Industry
Job Postings 5-Year Trend
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Advanced Business Industry Top Postings vs. Hires by Occupation
Trailing 12-Months (click headers to sort data)
Occupation | Avg Monthly Postings (Feb 2023 - Jan 2024) | Avg Monthly Hires (Feb 2023 - Jan 2024) | Gap |
|---|---|---|---|
| Business Operations Specialists | 1,152 | 995 | 157 |
| Information and Record Clerks | 1,125 | 1,270 | -145 |
| Financial Specialists | 612 | 375 | 237 |
| Secretaries and Administrative Assistants | 596 | 661 | -65 |
| Financial Clerks | 423 | 629 | -206 |
| Material Recording, Scheduling, Dispatching, and Distributing Workers | 357 | 396 | -39 |
| Supervisors of Office and Administrative Support Workers | 256 | 214 | 42 |
| Other Office and Administrative Support Workers | 222 | 615 | -393 |
Advanced Business Occupation Job Postings by Experience Required
Advanced Business Occupation Job Postings by Education Required
Economic Impact of Advanced Business Sub-Sectors
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NAICS | Description | 2022 Jobs Multiplier | 2022 Earnings Multiplier | 2022 Sales Multiplier |
|---|---|---|---|---|
| 517810 | All Other Telecommunications | 1.9 | 2.24 | 1.96 |
| 518210 | Data Processing, Hosting, and Related Services | 3.09 | 2.17 | 1.8 |
| 523150 | Investment Banking and Securities Intermediation | 2.36 | 1.39 | 1.74 |
| 523160 | Commodity Contracts Intermediation | 1.33 | 1.39 | 1.74 |
| 524210 | Insurance Agencies and Brokerages | 3.1 | 2.67 | 2.47 |
| 524291 | Claims Adjusting | 2.66 | 2.68 | 2.47 |
| 524292 | Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds | 2.8 | 2.66 | 2.46 |
| 524298 | All Other Insurance Related Activities | 2.71 | 2.67 | 2.47 |
| 541211 | Offices of Certified Public Accountants | 1.94 | 1.58 | 1.85 |
| 541213 | Tax Preparation Services | 1.36 | 1.57 | 1.84 |
| 541214 | Payroll Services | 2.35 | 1.58 | 1.85 |
| 541219 | Other Accounting Services | 1.43 | 1.58 | 1.84 |
| 541410 | Interior Design Services | 1.37 | 1.5 | 1.84 |
| 541420 | Industrial Design Services | 1.47 | 1.51 | 1.84 |
| 541430 | Graphic Design Services | 1.36 | 1.5 | 1.83 |
| 541490 | Other Specialized Design Services | 1.42 | 1.5 | 1.84 |
| 561410 | Document Preparation Services | 1.42 | 1.74 | 1.94 |
| 561421 | Telephone Answering Services | 1.99 | 1.74 | 1.93 |
| 561422 | Telemarketing Bureaus and Other Contact Centers | 1.85 | 1.74 | 1.94 |
| 561431 | Private Mail Centers | 1.53 | 1.67 | 1.87 |
| 561439 | Other Business Service Centers (including Copy Shops) | 1.85 | 1.76 | 1.96 |
| 561440 | Collection Agencies | 1.7 | 1.75 | 1.95 |
| 561450 | Credit Bureaus | 2.29 | 1.75 | 1.95 |
| 561491 | Repossession Services | 1.77 | 1.76 | 1.96 |
| 561492 | Court Reporting and Stenotype Services | 1.68 | 1.76 | 1.96 |
| 561499 | All Other Business Support Services | 1.54 | 1.74 | 1.94 |
1. A jobs multiplier indicates how important an industry is in regional job creation. A jobs multiplier of 3, for example, would mean that for every job created by that industry, 2 other jobs would be created in other industries. 2. Earnings Multiplier suggests total earnings created in a region as a result of a single dollar of new earnings. 3. Sales multipliers show how “deeply-rooted” an industry is in your region—for example, a highly-developed cluster will have a high sales multiplier because every dollar fed into the cluster from the outside has a high ripple effect, propagating through the regional economy for some time before it leaks out. One dollar of sales coming into a highly-developed Automotive Manufacturing cluster, for example, might have a ripple effect of 2.8 (that dollar led to a total of $2.80 in regional sales).
Skills & Training
All data queried from Buffalo Niagara Region
Advanced Business Education Institutions, Pipeline, & Programs
Higher Education Institutions Feeding Advanced Business Sector in Region
14
Advanced Business Related Education Program Completions in 2021 (5-Year Change: -21% )
3,928
Advanced Business Related Education Programs Overview
Completions (2022) | % Completions | Institutions (2022) | |
|---|---|---|---|
| Distance Offered Programs | 861 | 22% | 8 |
| Non-Distance Offered Programs | 3,067 | 78% | 12 |
Advanced Business Related Completions by Degree Type
2022 Completions
Advanced Business Related Completions by Institution
Institution | Completions (2022) | Growth % YOY (2022) | Market Share (2022) | IPEDS Tuition & Fees (2022) |
|---|---|---|---|---|
| University at Buffalo | 1,458 | 8.6% | 37.1% | $10,782 |
| Erie Community College | 543 | -10.5% | 13.8% | $5,950 |
| Bryant & Stratton College-Online | 426 | 16.4% | 10.8% | $15,295 |
| SUNY Buffalo State University | 300 | -16.7% | 7.6% | $8,486 |
| Niagara County Community College | 260 | -6.1% | 6.6% | $6,165 |
| Niagara University | 248 | -12.7% | 6.3% | $37,180 |
| Canisius College | 191 | -38% | 4.9% | $31,800 |
| Daemen University | 181 | 27.5% | 4.6% | $32,760 |
| Bryant & Stratton College-Buffalo | 120 | 6.2% | 3.1% | $17,466 |
| Medaille University | 110 | -25.2% | 2.8% | $34,000 |
Education Pipeline by Advanced Business Occupation Programs
5-Year Trend
CIP Code | Program | Completions (2018) | Completions (2019) | Completions (2020) | Completions (2021) | Completions (2022) |
|---|---|---|---|---|---|---|
| 52.02 | Business Administration and Management, General | 1,900 | 1,958 | 1,864 | 1,753 | 1,721 |
| 51.07 | Medical Insurance Coding Specialist/Coder | 248 | 233 | 379 | 522 | 661 |
| 24.01 | General Studies | 732 | 616 | 583 | 479 | 425 |
| 52.03 | Accounting | 530 | 543 | 506 | 470 | 400 |
| 11.01 | Computer and Information Sciences, General | 300 | 292 | 463 | 357 | 241 |
| 14.19 | Mechanical Engineering | 322 | 286 | 322 | 346 | 281 |
| 43.01 | Criminal Justice/Law Enforcement Administration | 294 | 330 | 265 | 233 | 231 |
| 31 | Multi-/Interdisciplinary Studies, Other | 356 | 241 | 149 | 231 | 227 |
| 43.01 | Human Services, General | 199 | 199 | 222 | 229 | 231 |
| 45.11 | Sociology, General | 218 | 264 | 247 | 229 | 213 |
| 45.06 | Economics, General | 240 | 255 | 212 | 216 | 200 |
| 52.01 | Business/Commerce, General | 209 | 211 | 193 | 185 | 183 |
| 45.1 | Political Science and Government, General | 166 | 168 | 191 | 179 | 194 |
| 22.03 | Legal Assistant/Paralegal | 144 | 119 | 157 | 168 | 164 |
| 43.01 | Criminal Justice/Safety Studies | 202 | 183 | 153 | 146 | 126 |
| 11.04 | Information Science/Studies | 200 | 240 | 193 | 141 | 330 |
| 27.01 | Mathematics, General | 131 | 144 | 123 | 141 | 163 |
| 23.01 | English Language and Literature, General | 189 | 161 | 185 | 132 | 130 |
| 31.05 | Sport and Fitness Administration/Management | 141 | 137 | 130 | 127 | 144 |
| 51.22 | Health Services Administration | 92 | 89 | 87 | 123 | 106 |
Advanced Business Sector Specialized Skills In-Demand vs. Resume Profiles
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Postings
Profiles
This chart provides insight into the supply and demand of relevant skills by comparing the frequency of skills present in job postings against skills present in today's workforce.
Advanced Business Sector Software Skills In-Demand vs. Resume Profiles
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Postings
Profiles
This chart provides insight into the supply and demand of relevant skills by comparing the frequency of skills present in job postings against skills present in today's workforce.
Salaries & Demographics
All data queried from Buffalo Niagara Region
Advanced Business Occupations, Wages & Diversity
Advanced Business Occupations Concentration and Characteristics
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Description | 2023 Jobs | 2018 - 2023 Change | 2018 - 2023 % Change |
|---|---|---|---|
| Agents and Business Managers of Artists, Performers, and Athletes | 8 | -30 | -0.78% |
| Buyers and Purchasing Agents | 1,621 | 252 | 0.18% |
| Claims Adjusters, Appraisers, Examiners, and Investigators | 1,945 | 273 | 0.16% |
| Compliance Officers | 1,951 | 150 | 0.08% |
| Cost Estimators | 623 | -116 | -0.16% |
| Human Resources Workers | 3,390 | 825 | 0.32% |
| Logisticians and Project Management Specialists | 3,222 | 1,685 | 1.1% |
| Management Analysts | 2,142 | 285 | 0.15% |
| Meeting, Convention, and Event Planners | 321 | 11 | 0.03% |
| Fundraisers | 514 | 147 | 0.4% |
| Compensation, Benefits, and Job Analysis Specialists | 281 | -2 | -0.01% |
| Training and Development Specialists | 1,257 | -204 | -0.14% |
| Market Research Analysts and Marketing Specialists | 2,899 | 789 | 0.37% |
| Miscellaneous Business Operations Specialists | 2,547 | 1,375 | 1.17% |
| Accountants and Auditors | 5,575 | 242 | 0.05% |
| Property Appraisers and Assessors | 177 | -61 | -0.26% |
| Budget Analysts | 80 | -12 | -0.13% |
| Credit Analysts | 374 | 32 | 0.09% |
| Financial Analysts and Advisors | 2,528 | 116 | 0.05% |
| Financial Examiners | 1,043 | 688 | 1.94% |
| Credit Counselors and Loan Officers | 1,075 | -43 | -0.04% |
| Tax Examiners, Collectors and Preparers, and Revenue Agents | 362 | -40 | -0.1% |
| Miscellaneous Financial Specialists | 271 | 77 | 0.4% |
| First-Line Supervisors of Office and Administrative Support Workers | 5,112 | -1,585 | -0.24% |
| Bill and Account Collectors | 2,506 | -985 | -0.28% |
| Billing and Posting Clerks | 1,917 | -301 | -0.14% |
| Bookkeeping, Accounting, and Auditing Clerks | 6,089 | 59 | 0.01% |
| Gambling Cage Workers | 11 | -5 | -0.33% |
| Payroll and Timekeeping Clerks | 696 | 22 | 0.03% |
| Procurement Clerks | 136 | -108 | -0.44% |
| Tellers | 990 | -288 | -0.23% |
| Miscellaneous Financial Clerks | 212 | 80 | 0.6% |
| Brokerage Clerks | 315 | -76 | -0.19% |
| Correspondence Clerks | 53 | 45 | 6.28% |
| Court, Municipal, and License Clerks | 612 | 40 | 0.07% |
| Credit Authorizers, Checkers, and Clerks | 102 | -87 | -0.46% |
| Customer Service Representatives | 11,503 | -1,487 | -0.11% |
| Eligibility Interviewers, Government Programs | 910 | -60 | -0.06% |
| File Clerks | 153 | -185 | -0.55% |
| Hotel, Motel, and Resort Desk Clerks | 721 | -35 | -0.05% |
| Interviewers, Except Eligibility and Loan | 520 | -468 | -0.47% |
| Library Assistants, Clerical | 361 | -2 | -0% |
| Loan Interviewers and Clerks | 497 | 23 | 0.05% |
| New Accounts Clerks | 180 | 111 | 1.63% |
| Order Clerks | 196 | -29 | -0.13% |
| Human Resources Assistants, Except Payroll and Timekeeping | 350 | -167 | -0.32% |
| Receptionists and Information Clerks | 4,175 | -2,307 | -0.36% |
| Reservation and Transportation Ticket Agents and Travel Clerks | 102 | -15 | -0.13% |
| Miscellaneous Information and Record Clerks | 249 | -180 | -0.42% |
| Cargo and Freight Agents | 930 | -59 | -0.06% |
| Couriers and Messengers | 530 | 231 | 0.77% |
| Dispatchers | 947 | 54 | 0.06% |
| Meter Readers, Utilities | 67 | 29 | 0.77% |
| Postal Service Workers | 1,952 | 41 | 0.02% |
| Production, Planning, and Expediting Clerks | 2,500 | -57 | -0.02% |
| Shipping, Receiving, and Inventory Clerks | 2,581 | 379 | 0.17% |
| Weighers, Measurers, Checkers, and Samplers, Recordkeeping | 77 | -49 | -0.39% |
| Secretaries and Administrative Assistants | 14,227 | -1,977 | -0.12% |
| Data Entry and Information Processing Workers | 1,784 | -643 | -0.26% |
| Desktop Publishers | 7 | -17 | -0.72% |
| Insurance Claims and Policy Processing Clerks | 687 | -376 | -0.35% |
| Mail Clerks and Mail Machine Operators, Except Postal Service | 345 | -158 | -0.31% |
| Office Clerks, General | 7,359 | -2,626 | -0.26% |
| Office Machine Operators, Except Computer | 101 | -74 | -0.42% |
| Proofreaders and Copy Markers | 5 | -53 | -0.91% |
| Statistical Assistants | 103 | 40 | 0.65% |
| Miscellaneous Office and Administrative Support Workers | 260 | -155 | -0.37% |
Annual Wage Ranges by Advanced Business Occupation (25th-75th Percentile)
Agents and Business Managers of Artists, Performers, and Athletes
$58,970
$135,549
Buyers and Purchasing Agents
$51,420
$83,941
Claims Adjusters, Appraisers, Examiners, and Investigators
$56,967
$80,749
Compliance Officers
$59,757
$99,036
Cost Estimators
$51,201
$91,371
Human Resources Workers
$52,039
$92,362
Logisticians and Project Management Specialists
$72,077
$116,845
Management Analysts
$63,100
$105,972
Meeting, Convention, and Event Planners
$38,962
$64,262
Fundraisers
$41,556
$81,312
Compensation, Benefits, and Job Analysis Specialists
$58,973
$92,185
Training and Development Specialists
$45,969
$78,698
Market Research Analysts and Marketing Specialists
$50,415
$95,016
Miscellaneous Business Operations Specialists
$52,605
$87,238
Accountants and Auditors
$60,111
$99,500
Property Appraisers and Assessors
$45,714
$80,056
Budget Analysts
$68,205
$95,604
Credit Analysts
$76,364
$100,344
Financial Analysts and Advisors
$67,565
$110,559
Financial Examiners
$60,429
$84,939
Credit Counselors and Loan Officers
$48,637
$96,326
Tax Examiners, Collectors and Preparers, and Revenue Agents
$31,049
$82,342
Miscellaneous Financial Specialists
$58,709
$89,746
First-Line Supervisors of Office and Administrative Support Workers
$50,994
$79,127
Bill and Account Collectors
$31,505
$45,387
Billing and Posting Clerks
$37,344
$49,207
Bookkeeping, Accounting, and Auditing Clerks
$38,105
$53,218
Gambling Cage Workers
$31,300
$40,922
Payroll and Timekeeping Clerks
$41,376
$61,826
Procurement Clerks
$40,063
$58,742
Tellers
$34,552
$38,674
Miscellaneous Financial Clerks
$38,112
$47,117
Brokerage Clerks
$48,572
$57,613
Correspondence Clerks
$30,833
$46,686
Court, Municipal, and License Clerks
$40,203
$61,094
Credit Authorizers, Checkers, and Clerks
$50,774
$64,288
Customer Service Representatives
$33,448
$47,856
Eligibility Interviewers, Government Programs
$49,647
$62,319
File Clerks
$30,531
$46,882
Hotel, Motel, and Resort Desk Clerks
$29,015
$34,673
Interviewers, Except Eligibility and Loan
$36,163
$50,261
Library Assistants, Clerical
$28,454
$39,117
Loan Interviewers and Clerks
$39,432
$56,629
New Accounts Clerks
$38,687
$46,449
Order Clerks
$33,958
$45,770
Human Resources Assistants, Except Payroll and Timekeeping
$38,544
$53,200
Receptionists and Information Clerks
$29,622
$38,003
Reservation and Transportation Ticket Agents and Travel Clerks
$33,968
$44,129
Miscellaneous Information and Record Clerks
$43,068
$54,349
Cargo and Freight Agents
$38,006
$47,945
Couriers and Messengers
$33,766
$34,480
Dispatchers
$39,403
$59,105
Meter Readers, Utilities
$38,476
$57,702
Postal Service Workers
$43,868
$68,826
Production, Planning, and Expediting Clerks
$39,233
$60,005
Shipping, Receiving, and Inventory Clerks
$34,485
$48,366
Weighers, Measurers, Checkers, and Samplers, Recordkeeping
$34,994
$50,169
Secretaries and Administrative Assistants
$37,248
$56,033
Data Entry and Information Processing Workers
$36,359
$47,647
Desktop Publishers
$42,775
$92,439
Insurance Claims and Policy Processing Clerks
$38,041
$56,397
Mail Clerks and Mail Machine Operators, Except Postal Service
$33,508
$45,546
Office Clerks, General
$31,675
$47,198
Office Machine Operators, Except Computer
$32,894
$49,103
Proofreaders and Copy Markers
$42,147
$68,219
Statistical Assistants
$50,554
$73,384
Miscellaneous Office and Administrative Support Workers
$40,965
$51,108
Demographics
Gender Diversity Among Advanced Business Occupations
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Current Year Males % of Occupation
Current Year Females % of Occupation
Age Diversity Among Advanced Business Occupations
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Current Year Age 14-18 % of Occupation
Current Year Age 19-21 % of Occupation
Current Year Age 22-24 % of Occupation
Current Year Age 25-34 % of Occupation
Current Year Age 35-44 % of Occupation
Current Year Age 45-54 % of Occupation
Current Year Age 55-64 % of Occupation
Current Year Age 65+ % of Occupation
Racial Diversity Among Advanced Business Occupations
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Current Year Hispanic or Latino % of Occupation
Current Year White % of Occupation
Current Year Black or African American % of Occupation
Current Year American Indian or Alaska Native % of Occupation
Current Year Asian % of Occupation
Current Year Native Hawaiian or Other Pacific Islander % of Occupation
Current Year Two or More Races % of Occupation
Lightcast, Bureau of Labor Statistics, US Census, American Community Survey
Data Sources