@George,
According to Wikipedia (what a buncha know-it-alls!):
Ward is a farmer's son and hails from Shaker Heights, an actual location in Ohio which also has a suburb called Mayfield. Ward attended a prep school, is a veteran of World War II (having served as a surveyor in the Seabees), a State college graduate (majoring in Philosophy),[1] a responsible white collar professional, and an upstanding citizen. Ward met his future wife, June Evelyn Bronson, when they were teens. The two dated and went to State college together. They married and became the parents of two sons, Wally and Theodore (a.k.a. "The Beaver").
AND
Ward is an archetypical white collar, brief case-toting professional of the 1950s. It was revealed in Season 3, Episode 19 that Ward works for a trust company under Mr. Anderson. He wears a business suit, works in an office with a view of a metropolitan area, has a secretary named Grace, leaves home early in the morning and returns in the early evening. He works for a "big company" with main offices in New York City. He drives to work in his Plymouth unless June needs the car during the day for a specific errand. He is home on weekends for golfing at a local country club. Occasionally, Ward is required to do some office work at home. In one early episode, for example, he works at home on a women's marketing survey. His co-worker is Fred Rutherford, a smug, pompous man who refers to the workplace as "the salt mine."