ProceduresGovernment

Accountants, Auditors, Specialists in Finance and Economics

Subgroup (212) - 2024-Q2

  • 582k, Workforce
  • $7.77k MX, Average monthly salary
  • 41.6, Average age
  • 40.2, Weekly hours worked
  • 4.98, Weekly days worked
  • 6.58%, Workforce with second job
  • 10.3%, 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 second quarter of 2024 was 582k people, whose salary averaged $7.77k MX working around 40.2 hours per week.

The average age of Accountants, Auditors, Specialists in Finance and Economics was 41.6 years. The workforce was distributed in 47.9% men with an average salary of $7.34k MX and, 52.1% women with average salary of $8.18k MX.

The best average salaries received by Accountants, Auditors, Specialists in Finance and Economics were in Michoacán de Ocampo ($18.2k MX), Sinaloa ($15.6k MX), and Tamaulipas ($13.5k MX) while the workforce was larger in Estado de México (115k), Ciudad de México (100k), and Jalisco (51.6k).

In terms of industries, the best average salaries were in Rental of Household and Personal Goods ($25k MX), Services Related to Rail Transportation ($21.2k MX), and Pig Raising ($19.3k MX), while the workforce was concentrated on Legal Services (487k), Multiple Banking (32.8k), and General Public Administration (3.8%).

54.5% of the total informal workers correspond to women with an average salary of $10.4k MX and 45.5% to men with an average salary of $4.99k MX.

At the level of states, Hidalgo had the highest percentage of informal workers with 63.3% corresponding to 4.64k from 7.33k workers, while the state with the lowest percentage of informal workers was Coahuila de Zaragoza with a 1.59% corresponding to 135 from 8.5k workers.

Workforce and Salaries Evolution

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  • 582k, Workforce 2024-Q2
  • $7.77k MX, Average monthly salary 2024-Q2

At second quarter of 2024, the people who worked as Accountants, Auditors, Specialists in Finance and Economics were 582k being a 4.14% higher than the first quarter of 2024. (559k).

In the same period, an average salary of $7.77k MX was observed, registering a drop of 13%, compared to the first quarter of 2024 ($8.94k MX).

Workforce by State

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The states with the highest number of Accountants, Auditors, Specialists in Finance and Economics during the second quarter of 2024 were Estado de México (115k), Ciudad de México (100k), and Jalisco (51.6k)

Comparing the first quarter of 2021 and the second quarter of 2024, the main positive variations occurred in Estado de México and Jalisco with an increase of 38.2k (49.5%) and 10.7k (26.2%), respectively. On the other hand, the negative variations were accentuated in Ciudad de México and Veracruz de Ignacio de la Llave with a decrease of 15.2k (13.2%) and 5.71k (26.9%), respectively.

Salaries by State

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The states with the best average salaries for Accountants, Auditors, Specialists in Finance and Economics during second quarter of 2024 were Michoacán de Ocampo ($18.2k MX), Sinaloa ($15.6k MX), and Tamaulipas ($13.5k MX)

Comparing the first quarter of 2021 and the second quarter of 2024, the positive salary growth was higher in Sinaloa and Michoacán de Ocampo with an increase of $5.95k MX (61.8%) and $4.79k MX (35.8%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Chihuahua and Estado de México with a decrease of $6.86k MX (41.5%) and $5.61k MX (56.7%), respectively.

Average Salary and Workforce by Sex and Age

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Average Age 2024-Q2

  • 41.1, Women
  • 42.1, Men

At second quarter of 2024, the male workforce in Accountants, Auditors, Specialists in Finance and Economics represented the 47.9% of the employed population and women 52.1%. The male and female workforce was higher in the age group 25 to 34 years (84.4k men and 82k women).

The highest average salary was $9.82k MX received by women from 35 to 44 years, while the lowest average salary was $3.07k MX received by men from 65 to 74 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-Q2)

  • 16.5, Women
  • 16.5, Men

During the second 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 (266k men and 291k women).

The highest average salary was $8.12k MX received by women with 16 to 18 years of schooling, while the lowest average salary was $7.24k 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.

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 second quarter of 2024, the workforce was higher in Legal Services (62%), Multiple Banking (4.18%), and General Public Administration (3.8%).

In the same period, the best average salaries were received in Rental of Household and Personal Goods ($25k MX), Services Related to Rail Transportation ($21.2k MX), and Pig Raising ($19.3k MX).

Labor Informality

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Labor Informality

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Labor Informality 2024-Q2

  • 10.3%, Accountants, Auditors, Specialists in Finance and Economics
  • 54.3%, Average Informality in Mexico

During the second quarter of 2024, the labor informality of Accountants, Auditors, Specialists in Finance and Economics reached a 10.3%, which implied an increase from 1.69 percentage points compared to the first quarter of 2024  (8.63%).

The labor informality of this occupation was lower than informality at the country level in 43.9 percentage points during the second quarter of 2024.

Labor Informality by State

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Greater Labor Informality: 63.3%, Hidalgo

Less Labor Informality: 1.59 %, Coahuila de Zaragoza

At second quarter of 2024, the states with the highest rate of labor informality in Accountants, Auditors, Specialists in Finance and Economics were Hidalgo (63.3%), Tlaxcala (41%), and Veracruz de Ignacio de la Llave (34.6%).

The states with the lowest informality rate were Estado de México (3.23%), Nuevo León (3%), and Coahuila de Zaragoza (1.59%).

Labor Informality by Age and Education

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Workforce

The workforce of Accountants, Auditors, Specialists in Finance and Economics during the second quarter of 2024 was higher in the age group with 25 to 34 years concentrating 166k workers of which 89.8% corresponds to formal employment (149k) and 10.2% to informal employment (17k).

Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 557k workers of which 89.5%  corresponds to formal employment (498k) and 10.5% corresponds to informal employment (58.5k).