Anyone who is considering a career in human resources is likely to be wondering which is the highest paying industry in which a human resource manager should seek employment. One of the best things about a human resources career is that it is relevant to every industry, but it’s also true that some industries pay their HR managers much better than other industries do. So let’s dive in and take a look at the highest paying industry for HR managers. We’ll also explore a few other high-paying alternatives.
Monetary Authorities: Central Banks
In 2017, the top-paying industry for human resource managers in the USA was “monetary authorities: central banks”, according to the Bureau of Labor Statistics (BLS). The central banks paid their HR managers mean hourly wages of $87.88 and annual salaries of $182,800.
Before you decide that’s the industry you’re going to target in your employment search, it’s worthwhile to consider whether you can actually land a job in that industry. According to BLS records, there were only 50 HR managers working for these monetary authorities in the entire USA. While it’s possible that you could find work in that industry, the odds certainly seem to be against it.
The Finance Industry
The finance industry, in general, tends to pay their HR managers well, so it could definitely be worthwhile to seek work at smaller financial institutions, commodities and securities brokerages and investment banks. BLS records reveal that this is the second highest-paying industry for HR managers. In 2017, this group of HR managers earned respectable salaries. Their mean hourly wages were calculated at $80.70. Their mean annual salaries were calculated at $167,850. There were 1,320 of these professionals employed in America, a total which makes for better odds of actually finding a job in this industry — although these jobs are extremely competitive.
Other Top-Paying Industries for HR Managers:
- The third highest-paying industry for HR managers is the cable telecommunications industry. In 2017, HR managers in this industry earned mean annual paychecks of $165,900. 160 HR managers were employed in the industry in that year.
- The fourth highest-paying industry for HR managers is the computer equipment manufacturing industry. The 400 HR managers employed in this group enjoyed mean annual earnings of $164,890 in 2017.
- The fifth highest-paying industry for HR managers is the scientific research services industry. The 1,970 HR managers employed in this group enjoyed mean annual earnings of $162,430 in 2017.
The Top Industry for Employment of HR Managers
BLS records reveal that “management of companies and enterprises” is the top industry for employment of human resources managers. In 2017, the HR managers working in this industry earned mean annual salaries of $140,880 and median annual salaries of $124,540. 20,440 HR managers were employed in this industry as of 2017. This is the industry where it is likeliest for HR managers to find job openings and also earn excellent salaries.
So now you’re updated on the best industries for HR managers to target when applying for jobs. While it’s interesting to understand which is the highest paying industry for human resource managers, it’s also important to be realistic about which industries are likelier to be hiring when the time comes for you to apply for a human resource manager job.