Group (12) - 2024-Q3
The workforce of Directors and Managers in Financial, Administrative and Social Services during third quarter of 2024 was 392k people, whose salary averaged $16.3k MX working around 41.5 hours per week.
The average age of Directors and Managers in Financial, Administrative and Social Services was 44.5 years. The workforce was distributed in 58.6% men with an average salary of $20.2k MX and, 41.4% women with average salary of $10.8k MX.
The best average salaries received by Directors and Managers in Financial, Administrative and Social Services were in Ciudad de México ($23k MX), Guanajuato ($22.5k MX), and Nayarit ($22.3k MX) while the workforce was larger in Ciudad de México (121k), Estado de México (39.4k), and Nuevo León (26.2k).
In terms of industries, the best average salaries were in Building Installations and Equipmen ($86.1k MX), Building Installations and Equipment ($86.1k MX), and Cattle Raising ($50k MX), while the workforce was concentrated on Higher Technical Education Schools (97k), Multiple Banking (71.7k), and Legal Services (49.9k).
35.6% of the total informal workers correspond to women with an average salary of $9.01k MX and 64.4% to men with an average salary of $9.22k MX.
At the level of states, Hidalgo had the highest percentage of informal workers with 25% corresponding to 1.23k from 4.93k workers, while the state with the lowest percentage of informal workers was Guanajuato with a 0.44% corresponding to 45 from 10.2k workers.
At third quarter of 2024, the people who worked as Directors and Managers in Financial, Administrative and Social Services were 392k being a 2.06% higher than the second quarter of 2024. (384k).
In the same period, an average salary of $16.3k MX was observed, registering an increase of 27.3%, compared to the second quarter of 2024 ($12.8k MX).
The states with the highest number of Directors and Managers in Financial, Administrative and Social Services during the third quarter of 2024 were Ciudad de México (121k), Estado de México (39.4k), and Nuevo León (26.2k)
Comparing the first quarter of 2021 and the third quarter of 2024, the main positive variations occurred in Ciudad de México and Guanajuato with an increase of 38.7k (46.9%) and 3.07k (43.4%), respectively. On the other hand, the negative variations were accentuated in Nuevo León and Estado de México with a decrease of 14k (34.9%) and 8.13k (17.1%), respectively.
The states with the best average salaries for Directors and Managers in Financial, Administrative and Social Services during third quarter of 2024 were Ciudad de México ($23k MX), Guanajuato ($22.5k MX), and Nayarit ($22.3k MX)
Comparing the first quarter of 2021 and the third quarter of 2024, the positive salary growth was higher in Guanajuato and Ciudad de México with an increase of $14.9k MX (196%) and $7.79k MX (51.3%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Baja California Sur and Tabasco with a decrease of $10.3k MX (33.1%) and $10.2k MX (45.7%), respectively.
Average Age 2024-Q3
At third quarter of 2024, the male workforce in Directors and Managers in Financial, Administrative and Social Services represented the 58.6% of the employed population and women 41.4%. The male and female workforce was higher in the age group 35 to 44 years (62.3k men and 53.2k women).
The highest average salary was $29.8k MX received by men from 25 to 34 years, while the lowest average salary was $8.66k MX received by women from 35 to 44 years.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
Average Schooling in Years (2024-Q3)
During the third quarter of 2024, male and female workforce in Directors and Managers in Financial, Administrative and Social Services was concentrated in the educational segment with 16 to 18 years of schooling (185k men and 119k women).
The highest average salary was $24.2k MX received by men with more than 18 years of schooling, while the lowest average salary was $6.73k MX received by women with 10 to 12 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 Directors and Managers in Financial, Administrative and Social Services in different industries and economic sectors.
At third quarter of 2024, the workforce was higher in Higher Technical Education Schools (18.3%), Multiple Banking (13.5%), and Legal Services (9.41%).
In the same period, the best average salaries were received in Building Installations and Equipmen ($86.1k MX), Building Installations and Equipment ($86.1k MX), and Cattle Raising ($50k MX).
Labor Informality 2024-Q3
During the third quarter of 2024, the labor informality of Directors and Managers in Financial, Administrative and Social Services reached a 10.3%, which implied a decrease from 0.023 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 44.3 percentage points during the third quarter of 2024.
Greater Labor Informality: 25%, Hidalgo
Less Labor Informality: 0.44 %, Guanajuato
At third quarter of 2024, the states with the highest rate of labor informality in Directors and Managers in Financial, Administrative and Social Services were Hidalgo (25%), Yucatán (21.5%), and Tamaulipas (20.1%).
The states with the lowest informality rate were Querétaro (1.54%), Sinaloa (1.52%), and Guanajuato (0.44%).
The workforce of Directors and Managers in Financial, Administrative and Social Services during the third quarter of 2024 was higher in the age group with 35 to 44 years concentrating 115k workers of which 90.3% corresponds to formal employment (104k) and 9.72% to informal employment (11.2k).
Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 304k workers of which 92.3% corresponds to formal employment (281k) and 7.72% corresponds to informal employment (23.5k).