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NextGen Magazine

 
 

Study: Young Business Professionals Average $26.05 an Hour

By:
Chris Gaetano
Published Date:
Oct 17, 2017
Cash

A study of what young people make has found that the average millennial working in business and professional services, a category that includes accounting, makes an average of $26.05 per hour, five dollars higher than the overall average of $21.08, according to Accounting Today. The downside of this, though, is that pay growth in this area is actually the lowest: 5.3 percent annually versus 5.8 percent across all industries which, itself, is nearly double the overall growth rate across all age groups, 3 percent. The study also found that the business and professional services industry has quite a lot of millennials: they make up 39 percent of the population, the second highest next to the leisure and hospitality industries at about 50 percent. The study also found there was still a noticeable gender gap when it came to pay: $24.02 an hour for female employees and $27.93 an hour for male employees.