Business advisor demographics and statistics in the US
Business advisor demographics research summary. Zippia estimates business advisor demographics and statistics in the United States by using a database of 30 million profiles. Our business advisor estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about business advisors after extensive research and analysis:
- There are over 85,299 business advisors currently employed in the United States.
- 36.1% of all business advisors are women, while 63.9% are men.
- The average business advisor age is 43 years old.
- The most common ethnicity of business advisors is White (70.4%), followed by Hispanic or Latino (9.4%), Asian (8.8%) and Black or African American (6.4%).
- Business advisors are most in-demand in Bloomfield, CT.
- The technology industry is the highest-paying for business advisors.
- 11% of all business advisors are LGBT.
On this page
Business advisor demographics by:
Business advisor gender statistics
36.1% of business advisors are women and 63.9% of business advisors are men.
- Male, 63.9%
- Female, 36.1%
Business advisor gender ratio
| Gender | Percentages |
|---|---|
| Male | 63.9% |
| Female | 36.1% |
Business advisor gender pay gap
Women earn 91¢ for every $1 earned by men
Male income
$98,113
Female income
$89,636
Business advisor gender ratio over time
This data breaks down the percentage of men and women in business advisor positions over time. Currently, 36.1% of business advisors are female.
Business advisor gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 56.40% | 43.60% |
| 2011 | 55.29% | 44.71% |
| 2012 | 56.90% | 43.10% |
| 2013 | 58.84% | 41.16% |
| 2014 | 56.89% | 43.11% |
| 2015 | 60.62% | 39.38% |
| 2016 | 58.79% | 41.21% |
| 2017 | 59.75% | 40.25% |
| 2018 | 67.57% | 32.43% |
| 2019 | 65.70% | 34.30% |
| 2020 | 66.91% | 33.09% |
| 2021 | 63.88% | 36.12% |
Business advisor related jobs gender ratio
We compared business advisors with similar job titles to see how gender ratios vary. As you can see, timber buyer and chief estimator have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Wedding Coordinator | 9% | 91% |
| Conference Planning Manager | 9% | 91% |
| Human Resources Administrative Assistant | 9% | 91% |
| Business Advisor | 64% | 36% |
| Electronic Security Specialist | 94% | 6% |
| Chief Estimator | 95% | 5% |
| Timber Buyer | 97% | 3% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Business advisor demographics by race
The most common ethnicity among business advisors is White, which makes up 70.4% of all business advisors. Comparatively, 9.4% of business advisors are Hispanic or Latino and 8.8% of business advisors are Asian.
- White, 70.4%
- Hispanic or Latino, 9.4%
- Asian, 8.8%
- Black or African American, 6.4%
- Unknown, 4.6%
- American Indian and Alaska Native, 0.4%
Business advisor race
| Business advisor race | Percentages |
|---|---|
| White | 70.4% |
| Hispanic or Latino | 9.4% |
| Asian | 8.8% |
| Black or African American | 6.4% |
| Unknown | 4.6% |
| American Indian and Alaska Native | 0.4% |
Business advisor race and ethnicity over time
See how business advisor racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Business advisor race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 71.64% | 9.14% | 7.50% | 9.18% |
| 2011 | 71.90% | 8.69% | 7.23% | 8.97% |
| 2012 | 69.84% | 10.88% | 7.75% | 9.10% |
| 2013 | 71.15% | 8.71% | 8.65% | 9.21% |
| 2014 | 70.05% | 9.83% | 9.19% | 8.22% |
| 2015 | 70.53% | 8.82% | 8.99% | 9.05% |
| 2016 | 70.07% | 8.42% | 8.90% | 9.52% |
| 2017 | 70.11% | 8.43% | 9.91% | 9.28% |
| 2018 | 74.70% | 6.12% | 8.75% | 7.78% |
| 2019 | 73.89% | 6.53% | 8.10% | 8.69% |
| 2020 | 71.54% | 6.02% | 8.75% | 8.96% |
| 2021 | 70.43% | 6.36% | 8.83% | 9.39% |
Business advisor wage gap by race
According to our data, asian business advisors have the highest average salary compared to other ethnicities. Hispanic or latino business advisors have the lowest average salary at $94,234.
| Ethnicity | Salary |
|---|---|
| Unknown | $98,238 |
| White | $97,901 |
| Black or African American | $94,526 |
| Asian | $106,120 |
| Hispanic or Latino | $94,234 |
Average business advisor age
See how the average age of business advisors varies based on ethnicity and gender.
Male
Female
Business advisor age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Black or African American | 46 | 46 |
| Unknown | 44 | 43 |
| Asian | 42 | 41 |
| Hispanic or Latino | 40 | 40 |
| White | 44 | 43 |
| American Indian and Alaska Native | 52 | 48.5 |
Business advisor age breakdown
The average age of business advisors is 40+ years years old, representing 61% of the business advisor population.
Business advisor age breakdown
| Business Advisor Years | Percentages |
|---|---|
| 40+ years | 61% |
| 30-40 years | 29% |
| 20-30 years | 9% |
Business advisor educational attainment
The most common degree for business advisors is bachelor's degree, with 67% of business advisors earning that degree. The second and third most common degree levels are master's degree degree at 17% and master's degree degree at 9%.
- Bachelor's, 67%
- Master's, 17%
- Associate, 9%
- High School Diploma, 2%
- Other Degrees, 5%
Business advisors by degree level
| Business advisor degree | Percentages |
|---|---|
| Bachelor's | 67% |
| Master's | 17% |
| Associate | 9% |
| High School Diploma | 2% |
| Other Degrees | 5% |
Business advisor jobs you might like
Business advisor wage gap by degree level
According to the data, business advisors with a Doctorate degree earn more than those without, at $118,547 annually. With a Master's degree, business advisors earn a median annual income of $116,121 compared to $103,470 for business advisors with an Bachelor's degree.
| Education | Salary |
|---|---|
| Master's Degree | $116,121 |
| Bachelor's Degree | $103,470 |
| Doctorate Degree | $118,547 |
| Some College/ Associate Degree | $87,476 |
Business advisor employment statistics
Most business advisors work for a private in the finance industry.
Company size where business advisors work
Below, you can see the size of companies where business advisors work.
Business advisor jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 4% |
| 50 - 100 employees | 11% |
| 100 - 500 employees | 17% |
| 500 - 1,000 employees | 7% |
| 1,000 - 10,000 employees | 29% |
| > 10,000 employees | 31% |
Business advisor jobs by company type
Employees with the business advisor job title have their preferences when it comes to working for a company. For instance, most business advisors prefer to work at private companies over public companies.
Business advisor jobs by sector
| Company type | Percentages |
|---|---|
| Education | 13% |
| Public | 33% |
| Private | 50% |
| Government | 4% |
Business advisor jobs by industry
The most common industries for business advisors are finance, technology and education.
Business advisor industry statistics
| Industry | Percentages |
|---|---|
| Fortune 500 | 17% |
| Finance | 13% |
| Technology | 12% |
| Professional | 10% |
| Education | 10% |
| Media | 4% |
| Health Care | 4% |
| Retail | 4% |
| Insurance | 4% |
| Telecommunication | 3% |
| Manufacturing | 3% |
| Energy | 3% |
| Internet | 2% |
| Government | 2% |
| Hospitality | 2% |
| Non Profits | 2% |
| Real Estate | 2% |
| Transportation | 1% |
| Utilities | 1% |
| Construction | 1% |
| Start-up | 1% |
Business advisor turnover and employment statistics
Business advisor unemployment rate over time
The unemployment rate for business advisors between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Business advisor unemployment rate by year
| Year | Business advisor unemployment rate |
|---|---|
| 2010 | 5.91% |
| 2011 | 6.00% |
| 2012 | 5.43% |
| 2013 | 4.38% |
| 2014 | 4.31% |
| 2015 | 3.33% |
| 2016 | 3.41% |
| 2017 | 3.61% |
| 2018 | 2.68% |
| 2019 | 2.51% |
| 2020 | 3.52% |
| 2021 | 3.70% |
Average business advisor tenure
The average business advisor stays at their job for 1-2 years, based on the 3,157 business advisors resumes in Zippia's database.
Business advisor tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 18% |
| 1-2 years | 37% |
| 3-4 years | 13% |
| 5-7 years | 15% |
| 8-10 years | 7% |
| 11+ years | 9% |
Business advisor LGBT ratio compared to similar jobs
Review the percent of business advisors that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Project Estimator | 4.41% | 56,513 |
| Logistics Planning Engineer | 8.65% | 26,509 |
| Personnel Representative | 8.93% | 13,211 |
| Marketing Liaison | 10.00% | 78,276 |
| Business Advisor | 11.05% | - |
| Regulatory Administrator | 11.64% | 54,703 |
| Campaign Fundraiser | 19.25% | 1,678 |
Similar business advisor jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Project Estimator | 4.41% | 56,513 |
| Logistics Planning Engineer | 8.65% | 26,509 |
| Personnel Representative | 8.93% | 13,211 |
| Marketing Liaison | 10.00% | 78,276 |
| Regulatory Administrator | 11.64% | 54,703 |
| Campaign Fundraiser | 19.25% | 1,678 |
Foreign languages spoken by business advisors
The most common foreign language among business advisors is Spanish at 48.8%. The second-most popular foreign language spoken is French at 12.0% and Mandarin is the third-most popular at 5.3%.
- Spanish, 48.8%
- French, 12.0%
- Mandarin, 5.3%
- Russian, 4.8%
- Chinese, 3.8%
- Other, 25.3%
Business advisor languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 48.8% |
| French | 12.0% |
| Mandarin | 5.3% |
| Russian | 4.8% |
| Chinese | 3.8% |
| Other | 25.3% |
