Work Environment
Training and development managers held about 42,100 jobs in 2020. The largest employers of training and development managers were as follows:
- Professional, scientific, and technical services - 14%
- Management of companies and enterprises - 12%
- Finance and insurance - 9%
- Healthcare and social assistance - 9%
- Educational services; state, local, and private - 9%
Training and development managers typically work in offices. Some travel between a main office and regional offices or training facilities. They spend much of their time working with people and overseeing training activities.
Work Schedules
Most training and development managers work full time during regular business hours. Some work more than 40 hours per week.
Job Outlook
Employment of training and development managers is projected to grow 11 percent from 2020 to 2030, faster than the average for all occupations.
About 4,300 openings for training and development managers are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
Employment
In many occupations, employees are required to take continuing education and skill development courses throughout their careers, creating demand for workers who develop and provide training materials.
Innovations in training methods and learning technology are expected to continue throughout the decade, particularly for organizations with remote workers. Organizations use social media, visual simulations, mobile learning, and social networks in their training programs. Training and development managers need to continue modifying training programs, allocating budgets, and integrating these features into training programs and curriculums.
In addition, as companies seek to reduce costs, training and development managers may be required to structure programs to enlist available experts, take advantage of existing resources, and facilitate positive relationships among staff. Training and development managers may use informal collaborative learning and social media to engage and train employees in the most cost-effective way.
Earnings
The median annual wage for training and development managers was $120,130 in May 2021. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $64,370, and the highest 10 percent earned more than $207,420.
In May 2021, the median annual wages for training and development managers in the top industries in which they worked were as follows:
- Professional, scientific, and technical services - $132,020
- Management of companies and enterprises - $127,020
- Finance and insurance - $119,400
- Healthcare and social assistance - $100,720
- Educational services; state, local, and private - $99,660
Most training and development managers work full time during regular business hours. Some work more than 40 hours per week.
