55/Management of Companies and Enterprises
US businesses, employees and payroll, 2017 to 2023
3.86M
employees, 2023
3.86M
employees, 2023
In 2023, 49,556 US Management of Companies and Enterprises business locations employed 3.86 million people and paid $497.4 billion in annual payroll, $128,997 per employee on average. Employment was up 5.3% from 2022. California had the most employees.
Updated Oct 9, 2026 · data year 2023
Business locations
49,556
-3.2% vs 2022
Employees
3,855,720
+5.3% vs 2022
Annual payroll
$497.4B
+7.1% vs 2022
Average pay
$128,997
+1.7% vs 2022
Over the years
United States, 2017 to 2023
Employees
Paid employees in mid-March
Business locations
Places with paid employees
By state
Employees of Management of Companies and Enterprises in each state, 2023
Employees by state
States with the most employees
Employees and the share of all the state's jobs
| State | Business locations | Employees | Average pay | Share of state jobs |
|---|---|---|---|---|
| California | 4,587 | 387,376 | $192,582 | 2.36% |
| Texas | 4,404 | 350,528 | $141,553 | 2.92% |
| Illinois | 2,003 | 230,673 | $128,548 | 4.07% |
| Pennsylvania | 2,190 | 219,919 | $115,036 | 3.85% |
| New York | 2,755 | 211,253 | $151,526 | 2.41% |
| Ohio | 2,106 | 189,060 | $102,587 | 3.72% |
| Florida | 2,682 | 177,369 | $102,256 | 1.78% |
| Minnesota | 1,128 | 151,489 | $113,078 | 5.40% |
| Washington | 1,046 | 133,712 | $143,742 | 4.38% |
| North Carolina | 1,697 | 131,584 | $113,577 | 3.07% |
| Georgia | 1,505 | 128,415 | $132,303 | 2.91% |
| Michigan | 1,470 | 122,995 | $111,157 | 3.04% |
| New Jersey | 1,366 | 122,744 | $148,498 | 3.11% |
| Tennessee | 1,311 | 118,357 | $106,248 | 3.98% |
| Massachusetts | 1,128 | 116,778 | $143,818 | 3.35% |
The 15 states with the most employees. Download the CSV for all 51.
Top metro areas
Metro and micro areas with the most Management of Companies and Enterprises employees, 2023
Metro areas with the most employees
| Metro area | Locations | Employees | Average pay |
|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ | 2,864 | 255,544 | $164,107 |
| Chicago-Naperville-Elgin, IL-IN | 1,601 | 174,948 | $137,373 |
| Dallas-Fort Worth-Arlington, TX | 1,750 | 149,395 | $119,578 |
| Los Angeles-Long Beach-Anaheim, CA | 1,875 | 137,812 | $113,090 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 868 | 133,393 | $118,566 |
| Houston-Pasadena-The Woodlands, TX | 1,166 | 123,697 | $186,034 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 1,469 | 123,296 | $130,650 |
| Seattle-Tacoma-Bellevue, WA | 693 | 118,392 | $149,778 |
| Atlanta-Sandy Springs-Roswell, GA | 1,125 | 107,972 | $139,049 |
| Boston-Cambridge-Newton, MA-NH | 917 | 101,131 | $153,068 |
| San Jose-Sunnyvale-Santa Clara, CA | 231 | 82,204 | $424,467 |
| San Francisco-Oakland-Fremont, CA | 908 | 82,072 | $171,343 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1,346 | 77,204 | $122,300 |
| Cincinnati, OH-KY-IN | 515 | 71,412 | $92,113 |
| Phoenix-Mesa-Chandler, AZ | 760 | 70,948 | $93,467 |
Business size
US Management of Companies and Enterprises business locations by number of employees, 2023
Locations by size
| Employees | Locations | Share |
|---|---|---|
| Under 5 | 18,187 | 36.7% |
| 5 to 9 | 6,710 | 13.5% |
| 10 to 19 | 6,674 | 13.5% |
| 20 to 49 | 7,276 | 14.7% |
| 50 to 99 | 4,110 | 8.3% |
| 100 to 249 | 3,579 | 7.2% |
| 250 to 499 | 1,564 | 3.2% |
| 500 to 999 | 820 | 1.7% |
| 1,000 or more | 636 | 1.3% |
Related industries
Management of Companies and Enterprises and the 1 industry directly below it
| Code | Industry | Employees | Average pay |
|---|---|---|---|
| 551 | Management of Companies and Enterprises | 3,855,720 | $128,997 |
Questions and answers
How many people work in Management of Companies and Enterprises in the US?
3.86 million people worked at 49,556 US Management of Companies and Enterprises business locations in 2023, up 5.3% from 2022. That is 2.76% of all US private-sector employees.
What is the average pay in Management of Companies and Enterprises?
$128,997 a year per employee in 2023, from $497.4 billion in annual payroll (up 1.7% from 2022). The average across all US industries was $68,342.
Which state has the most Management of Companies and Enterprises jobs?
California had the most, with 387,376 employees in 2023, followed by Texas (350,528) and Illinois (230,673).
Which metro areas have the most Management of Companies and Enterprises jobs?
New York-Newark-Jersey City, NY-NJ (255,544), Chicago-Naperville-Elgin, IL-IN (174,948), Dallas-Fort Worth-Arlington, TX (149,395) had the most Management of Companies and Enterprises employees in 2023.
Are most Management of Companies and Enterprises businesses small?
63.7% of the 49,556 Management of Companies and Enterprises business locations had fewer than 20 employees in 2023, and 1,456 had 500 or more.
Official US government statistics, published once a year. Business locations are places with paid employees; employees are counted in mid-March; payroll covers the whole year. Covers most private employers, not the self-employed, most government workers or farm workers on farms. * Less accurate: changed by 5% or more to protect privacy. Changes from the year before are shown only when both years use the same edition of the industry codes.