ProceduresGovernment

Coordinators and Area Managers in Financial and Administrative Services

Subgroup (151) - 2024-Q2

  • 254k, Workforce
  • $10.5k MX, Average monthly salary
  • 41.7, Average age
  • 43.5, Weekly hours worked
  • 4.98, Weekly days worked
  • 2.93%, Workforce with second job
  • 3.99%, Informal Workforce
  • 15, Average years of Schooling

About Coordinators and Area Managers in Financial and Administrative Services

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The workforce of Coordinators and Area Managers in Financial and Administrative Services during second quarter of 2024 was 254k people, whose salary averaged $10.5k MX working around 43.5 hours per week.

The average age of Coordinators and Area Managers in Financial and Administrative Services was 41.7 years. The workforce was distributed in 58.1% men with an average salary of $10.9k MX and, 41.9% women with average salary of $10k MX.

The best average salaries received by Coordinators and Area Managers in Financial and Administrative Services were in Coahuila de Zaragoza ($20.5k MX), Baja California Sur ($19.3k MX), and Guerrero ($17.5k MX) while the workforce was larger in Estado de México (51k), Ciudad de México (48.7k), and Nuevo León (17.7k).

In terms of industries, the best average salaries were in Accounting, Auditing and Related Services ($29.1k MX), Electronic and Precision Equipment Repair and Maintenance ($24.5k MX), and Architectural, Engineering, and Related Services ($24k MX), while the workforce was concentrated on General Public Administration (19.7%), Legal Services (28.6k), and Justice Administration and Security and Public Order Preservation (7.38%).

61.5% of the total informal workers correspond to women with an average salary of $2.35k MX and 38.5% to men with an average salary of $8.97k MX.

At the level of states, Tlaxcala had the highest percentage of informal workers with 32.2% corresponding to 357 from 1.11k workers, while the state with the lowest percentage of informal workers was Estado de México with a 0.45% corresponding to 229 from 51k workers.

Workforce and Salaries Evolution

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  • 254k, Workforce 2024-Q2
  • $10.5k MX, Average monthly salary 2024-Q2

At second quarter of 2024, the people who worked as Coordinators and Area Managers in Financial and Administrative Services were 254k being a 7.28% lower than the first quarter of 2024. (274k).

In the same period, an average salary of $10.5k MX was observed, registering a drop of 1.53%, compared to the first quarter of 2024 ($10.7k MX).

Workforce by State

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The states with the highest number of Coordinators and Area Managers in Financial and Administrative Services during the second quarter of 2024 were Estado de México (51k), Ciudad de México (48.7k), and Nuevo León (17.7k)

Comparing the first quarter of 2021 and the second quarter of 2024, the main positive variations occurred in Estado de México and Quintana Roo with an increase of 7.08k (16.1%) and 3.5k (77.8%), respectively. On the other hand, the negative variations were accentuated in San Luis Potosí and Chiapas with a decrease of 5.97k (58%) and 5.66k (64.4%), respectively.

Salaries by State

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The states with the best average salaries for Coordinators and Area Managers in Financial and Administrative Services during second quarter of 2024 were Coahuila de Zaragoza ($20.5k MX), Baja California Sur ($19.3k MX), and Guerrero ($17.5k MX)

Comparing the first quarter of 2021 and the second quarter of 2024, the positive salary growth was higher in Ciudad de México and Morelos with an increase of $6.18k MX (77.4%) and $6.14k MX (120%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Aguascalientes and Michoacán de Ocampo with a decrease of $11.9k MX (97.1%) and $6.95k MX (40.1%), respectively.

Average Salary and Workforce by Sex and Age

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Average Age 2024-Q2

  • 41.1, Women
  • 42.2, Men

At second quarter of 2024, the male workforce in Coordinators and Area Managers in Financial and Administrative Services represented the 58.1% of the employed population and women 41.9%. The male and female workforce was higher in the age group 35 to 44 years (49.2k men and 37.7k women).

The highest average salary was $13.6k MX received by women from 55 to 64 years, while the lowest average salary was $7.06k MX received by women from 25 to 34 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)

  • 15.1, Women
  • 14.9, Men

During the second quarter of 2024, male and female workforce in Coordinators and Area Managers in Financial and Administrative Services was concentrated in the educational segment with 16 to 18 years of schooling (92.6k men and 69.6k women).

The highest average salary was $12.4k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $6.02k MX received by men 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 Coordinators and Area Managers in Financial and Administrative Services in different industries and economic sectors.

At second quarter of 2024, the workforce was higher in General Public Administration (19.7%), Legal Services (11%), and Justice Administration and Security and Public Order Preservation (7.38%).

In the same period, the best average salaries were received in Accounting, Auditing and Related Services ($29.1k MX), Electronic and Precision Equipment Repair and Maintenance ($24.5k MX), and Architectural, Engineering, and Related Services ($24k MX).

Labor Informality

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Labor Informality

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Labor Informality 2024-Q2

  • 3.99%, Coordinators and Area Managers in Financial and Administrative Services
  • 54.3%, Average Informality in Mexico

During the second quarter of 2024, the labor informality of Coordinators and Area Managers in Financial and Administrative Services reached a 3.99%, which implied a decrease from 2.74 percentage points compared to the first quarter of 2024  (6.73%).

The labor informality of this occupation was lower than informality at the country level in 50.3 percentage points during the second quarter of 2024.

Labor Informality by State

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Greater Labor Informality: 32.2%, Tlaxcala

Less Labor Informality: 0.45 %, Estado de México

At second quarter of 2024, the states with the highest rate of labor informality in Coordinators and Area Managers in Financial and Administrative Services were Tlaxcala (32.2%), Tamaulipas (19.6%), and Michoacán de Ocampo (19.5%).

The states with the lowest informality rate were Sinaloa (2.19%), Veracruz de Ignacio de la Llave (1.85%), and Estado de México (0.45%).

Labor Informality by Age and Education

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Workforce

The workforce of Coordinators and Area Managers in Financial and Administrative Services during the second quarter of 2024 was higher in the age group with 35 to 44 years concentrating 86.9k workers of which 96.3% corresponds to formal employment (83.7k) and 3.66% to informal employment (3.18k).

Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 162k workers of which 95.6%  corresponds to formal employment (155k) and 4.4% corresponds to informal employment (7.14k).