ProceduresGovernment

Accountants, Auditors, Specialists in Finance and Economics

Subgroup (212) - 2024-Q3

  • 600k, Workforce
  • $8.64k MX, Average monthly salary
  • 41.6, Average age
  • 41, Weekly hours worked
  • 5.09, Weekly days worked
  • 6.35%, Workforce with second job
  • 9.87%, Informal Workforce
  • 16.5, Average years of Schooling

About Accountants, Auditors, Specialists in Finance and Economics

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The workforce of Accountants, Auditors, Specialists in Finance and Economics during third quarter of 2024 was 600k people, whose salary averaged $8.64k MX working around 41 hours per week.

The average age of Accountants, Auditors, Specialists in Finance and Economics was 41.6 years. The workforce was distributed in 49% men with an average salary of $8.97k MX and, 51% women with average salary of $8.32k MX.

The best average salaries received by Accountants, Auditors, Specialists in Finance and Economics were in Baja California Sur ($30k MX), Michoacán de Ocampo ($14.2k MX), and Nuevo León ($13.5k MX) while the workforce was larger in Ciudad de México (132k), Estado de México (98.8k), and Jalisco (47.4k).

In terms of industries, the best average salaries were in Retail Trade of Textile Products, except Apparel ($26.3k MX), Services Related to Mining ($20k MX), and Services Related to Rail Transportation ($17.8k MX), while the workforce was concentrated on Legal Services (506k), Multiple Banking (45.8k), and General Public Administration (4.73%).

56.8% of the total informal workers correspond to women with an average salary of $6.14k MX and 43.2% to men with an average salary of $8.33k MX.

At the level of states, Veracruz de Ignacio de la Llave had the highest percentage of informal workers with 43.8% corresponding to 9.56k from 21.8k workers, while the state with the lowest percentage of informal workers was Zacatecas with a 1.29% corresponding to 54 from 4.19k workers.

Workforce and Salaries Evolution

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  • 600k, Workforce 2024-Q3
  • $8.64k MX, Average monthly salary 2024-Q3

At third quarter of 2024, the people who worked as Accountants, Auditors, Specialists in Finance and Economics were 600k being a 3.14% higher than the second quarter of 2024. (582k).

In the same period, an average salary of $8.64k MX was observed, registering an increase of 11.1%, compared to the second quarter of 2024 ($7.77k MX).

Workforce by State

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The states with the highest number of Accountants, Auditors, Specialists in Finance and Economics during the third quarter of 2024 were Ciudad de México (132k), Estado de México (98.8k), and Jalisco (47.4k)

Comparing the first quarter of 2021 and the third quarter of 2024, the main positive variations occurred in Ciudad de México and Veracruz de Ignacio de la Llave with an increase of 31.8k (31.6%) and 6.32k (40.8%), respectively. On the other hand, the negative variations were accentuated in Estado de México and Nuevo León with a decrease of 16.5k (14.3%) and 5.75k (12.8%), respectively.

Salaries by State

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The states with the best average salaries for Accountants, Auditors, Specialists in Finance and Economics during third quarter of 2024 were Baja California Sur ($30k MX), Michoacán de Ocampo ($14.2k MX), and Nuevo León ($13.5k MX)

Comparing the first quarter of 2021 and the third quarter of 2024, the positive salary growth was higher in Baja California Sur and Hidalgo with an increase of $16.7k MX (126%) and $4.53k MX (74.5%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Sinaloa and Veracruz de Ignacio de la Llave with a decrease of $5.22k MX (33.5%) and $4.86k MX (47.3%), respectively.

Average Salary and Workforce by Sex and Age

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Average Age 2024-Q3

  • 40.6, Women
  • 42.6, Men

At third quarter of 2024, the male workforce in Accountants, Auditors, Specialists in Finance and Economics represented the 49% of the employed population and women 51%. The male workforce was higher in the age group of 25 to 34 years (92.4k), while the female workforce was higher in the age group of 35 to 44 years (82.7k).

The highest average salary was $13k MX received by men from 65 to 74 years, while the lowest average salary was $7.77k MX received by women from 45 to 54 years.

* The data regarding salaries have low statistical precision so it should not be used as conclusions.

Average Salary and Workforce by Gender and Schooling Years

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Average Schooling in Years (2024-Q3)

  • 16.5, Women
  • 16.5, Men

During the third quarter of 2024, male and female workforce in Accountants, Auditors, Specialists in Finance and Economics was concentrated in the educational segment with 16 to 18 years of schooling (277k men and 287k women).

The highest average salary was $8.74k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $4.48k MX received by women with 13 to 15 years of schooling.

* The data regarding salaries have low statistical precision so it should not be used as conclusions.

Workforce and Salaries Distribution by Industries

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The visualization shows the distribution of Accountants, Auditors, Specialists in Finance and Economics in different industries and economic sectors.

At third quarter of 2024, the workforce was higher in Legal Services (60.1%), Multiple Banking (5.45%), and General Public Administration (4.73%).

In the same period, the best average salaries were received in Retail Trade of Textile Products, except Apparel ($26.3k MX), Services Related to Mining ($20k MX), and Services Related to Rail Transportation ($17.8k MX).

Labor Informality

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Labor Informality

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Labor Informality 2024-Q3

  • 9.87%, Accountants, Auditors, Specialists in Finance and Economics
  • 54.6%, Average Informality in Mexico

During the third quarter of 2024, the labor informality of Accountants, Auditors, Specialists in Finance and Economics reached a 9.87%, which implied a decrease from 0.44 percentage points compared to the second quarter of 2024  (10.3%).

The labor informality of this occupation was lower than informality at the country level in 44.8 percentage points during the third quarter of 2024.

Labor Informality by State

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Greater Labor Informality: 43.8%, Veracruz de Ignacio de la Llave

Less Labor Informality: 1.29 %, Zacatecas

At third quarter of 2024, the states with the highest rate of labor informality in Accountants, Auditors, Specialists in Finance and Economics were Veracruz de Ignacio de la Llave (43.8%), Oaxaca (38%), and Tlaxcala (34%).

The states with the lowest informality rate were Colima (2.68%), Baja California Sur (1.49%), and Zacatecas (1.29%).

Labor Informality by Age and Education

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Workforce

The workforce of Accountants, Auditors, Specialists in Finance and Economics during the third quarter of 2024 was higher in the age group with 25 to 34 years concentrating 171k workers of which 87.5% corresponds to formal employment (150k) and 12.5% to informal employment (21.4k).

Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 564k workers of which 90.5%  corresponds to formal employment (511k) and 9.51% corresponds to informal employment (53.7k).