Occupation (2122) - 2024-Q2
The workforce of Advisors and Analysts in Finance during second quarter of 2024 was 49.6k people, whose salary averaged $11k MX working around 41.3 hours per week.
The average age of Advisors and Analysts in Finance was 36.3 years. The workforce was distributed in 68.3% men with an average salary of $8.17k MX and, 31.7% women with average salary of $17.1k MX.
The best average salaries received by Advisors and Analysts in Finance were in Michoacán de Ocampo ($59.1k MX), Hidalgo ($23k MX), and Tabasco ($18.5k MX) while the workforce was larger in Ciudad de México (13.6k), Estado de México (7.89k), and Nuevo León (5.28k).
In terms of industries, the best average salaries were in Business Administration Services ($37.8k MX), Multiple Banking ($24.2k MX), and Credit Unions and Saving Institutions ($19.4k MX), while the workforce was concentrated on Legal Services (23.2k), Multiple Banking (21.1k), and Financial Institutions for Economic Developmen (10.5k).
38.8% of the total informal workers correspond to women with an average salary of $75.9k MX and 61.2% to men with an average salary of $10.4k MX.
At the level of states, Chiapas had the highest percentage of informal workers with 74.3% corresponding to 649 from 873 workers, while the state with the lowest percentage of informal workers was Oaxaca with a 4.11% corresponding to 31 from 754 workers.
At second quarter of 2024, the people who worked as Advisors and Analysts in Finance were 49.6k being a 12.2% lower than the first quarter of 2024. (56.5k).
In the same period, an average salary of $11k MX was observed, registering a drop of 24.3%, compared to the first quarter of 2024 ($14.6k MX).
The states with the highest number of Advisors and Analysts in Finance during the second quarter of 2024 were Ciudad de México (13.6k), Estado de México (7.89k), and Nuevo León (5.28k)
Comparing the first quarter of 2021 and the second quarter of 2024, the main positive variations occurred in Sinaloa and Jalisco with an increase of 736 (177%) and 579 (18.8%), respectively. On the other hand, the negative variations were accentuated in Estado de México and Ciudad de México with a decrease of 4.54k (36.5%) and 2.6k (16.1%), respectively.
The states with the best average salaries for Advisors and Analysts in Finance during second quarter of 2024 were Michoacán de Ocampo ($59.1k MX), Hidalgo ($23k MX), and Tabasco ($18.5k MX)
Comparing the first quarter of 2021 and the second quarter of 2024, the positive salary growth was higher in Michoacán de Ocampo and Baja California with an increase of $41.8k MX (241%) and $15.9k MX (624%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Chihuahua and Colima with a decrease of $34.9k MX (100%) and $27.4k MX (88.1%), respectively.
Average Age 2024-Q2: 35.9, Men
At second quarter of 2024, the male workforce in Advisors and Analysts in Finance represented the 68.3% of the employed population and women 31.7%. The male and female workforce was higher in the age group 25 to 34 years (13.8k men and 7.69k women).
The highest average salary was $9.33k MX received by men from 25 to 34 years, while the lowest average salary was $9.33k MX received by men from 25 to 34 years.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
Average Schooling in Years (2024-Q2)
During the second quarter of 2024, male and female workforce in Advisors and Analysts in Finance was concentrated in the educational segment with 16 to 18 years of schooling (33.2k men and 14k women).
The highest average salary was $17.9k MX received by women with 16 to 18 years of schooling, while the lowest average salary was $8.05k MX received by men with 16 to 18 years of schooling.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
The visualization shows the distribution of Advisors and Analysts in Finance in different industries and economic sectors.
At second quarter of 2024, the workforce was higher in Legal Services (30.1%), Multiple Banking (27.3%), and Financial Institutions for Economic Developmen (13.6%).
In the same period, the best average salaries were received in Business Administration Services ($37.8k MX), Multiple Banking ($24.2k MX), and Credit Unions and Saving Institutions ($19.4k MX).
Labor Informality 2024-Q2
During the second quarter of 2024, the labor informality of Advisors and Analysts in Finance reached a 10.8%, which implied an increase from 4.46 percentage points compared to the first quarter of 2024 (6.37%).
The labor informality of this occupation was lower than informality at the country level in 43.4 percentage points during the second quarter of 2024.
At second quarter of 2024, the states with the highest rate of labor informality in Advisors and Analysts in Finance were Chiapas (74.3%), Tamaulipas (52.9%), and Nayarit (50.7%).
The states with the lowest informality rate were Campeche (11.3%), Nuevo León (7.68%), and Oaxaca (4.11%).
The workforce of Advisors and Analysts in Finance during the second quarter of 2024 was higher in the age group with 25 to 34 years concentrating 21.5k workers of which 88.3% corresponds to formal employment (19k) and 11.7% to informal employment (2.51k).
Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 47.2k workers of which 89.1% corresponds to formal employment (42.1k) and 10.9% corresponds to informal employment (5.14k).