Subgroup (121) - 2024-Q2
The workforce of Directors and Managers in Financial and Administrative Services during second quarter of 2024 was 246k people, whose salary averaged $13.5k MX working around 44.7 hours per week.
The average age of Directors and Managers in Financial and Administrative Services was 41.4 years. The workforce was distributed in 58.5% men with an average salary of $15k MX and, 41.5% women with average salary of $11.4k MX.
The best average salaries received by Directors and Managers in Financial and Administrative Services were in Baja California Sur ($33.8k MX), Sinaloa ($26.2k MX), and Campeche ($22.6k MX) while the workforce was larger in Ciudad de México (63k), Estado de México (35.2k), and Nuevo León (30.1k).
In terms of industries, the best average salaries were in Rental and Leasing of Automobiles, Trucks and other Road Transportation Vehicles ($70k MX), Food Catering Services ($60.2k MX), and Building Installations and Equipmen ($40k MX), while the workforce was concentrated on Legal Services (62.1k), Multiple Banking (32.4k), and Retail Trade of Groceries and Food (18.2k).
24.5% of the total informal workers correspond to women with an average salary of $8.78k MX and 75.5% to men with an average salary of $2.18k MX.
At the level of states, Guerrero had the highest percentage of informal workers with 26.3% corresponding to 464 from 1.76k workers, while the state with the lowest percentage of informal workers was Colima with a 0.84% corresponding to 32 from 3.79k workers.
At second quarter of 2024, the people who worked as Directors and Managers in Financial and Administrative Services were 246k being a 4.95% higher than the first quarter of 2024. (234k).
In the same period, an average salary of $13.5k MX was observed, registering an increase of 5.29%, compared to the first quarter of 2024 ($12.8k MX).
The states with the highest number of Directors and Managers in Financial and Administrative Services during the second quarter of 2024 were Ciudad de México (63k), Estado de México (35.2k), and Nuevo León (30.1k)
Comparing the first quarter of 2021 and the second quarter of 2024, the main positive variations occurred in Estado de México and Nuevo León with an increase of 8.35k (31%) and 8.11k (36.8%), respectively. On the other hand, the negative variations were accentuated in Baja California and Sonora with a decrease of 5.26k (40.3%) and 4.66k (55.8%), respectively.
The states with the best average salaries for Directors and Managers in Financial and Administrative Services during second quarter of 2024 were Baja California Sur ($33.8k MX), Sinaloa ($26.2k MX), and Campeche ($22.6k MX)
Comparing the first quarter of 2021 and the second quarter of 2024, the positive salary growth was higher in Baja California Sur and Aguascalientes with an increase of $16.3k MX (93.1%) and $11.1k MX (212%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Colima and Estado de México with a decrease of $20.9k MX (67.5%) and $17.1k MX (81.9%), respectively.
Average Age 2024-Q2
At second quarter of 2024, the male workforce in Directors and Managers in Financial and Administrative Services represented the 58.5% of the employed population and women 41.5%. The male workforce was higher in the age group of 35 to 44 years (56k), while the female workforce was higher in the age group of 25 to 34 years (36.3k).
The highest average salary was $23.9k MX received by men from 25 to 34 years, while the lowest average salary was $7.66k MX received by men from 55 to 64 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 Directors and Managers in Financial and Administrative Services was concentrated in the educational segment with 16 to 18 years of schooling (122k men and 79.2k women).
The highest average salary was $16.5k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $3.87k MX received by men 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 and Administrative Services in different industries and economic sectors.
At second quarter of 2024, the workforce was higher in Legal Services (22.5%), Multiple Banking (11.8%), and Retail Trade of Groceries and Food (6.61%).
In the same period, the best average salaries were received in Rental and Leasing of Automobiles, Trucks and other Road Transportation Vehicles ($70k MX), Food Catering Services ($60.2k MX), and Building Installations and Equipmen ($40k MX).
Labor Informality 2024-Q2
During the second quarter of 2024, the labor informality of Directors and Managers in Financial and Administrative Services reached a 7.04%, which implied an increase from 0.55 percentage points compared to the first quarter of 2024 (6.5%).
The labor informality of this occupation was lower than informality at the country level in 47.2 percentage points during the second quarter of 2024.
At second quarter of 2024, the states with the highest rate of labor informality in Directors and Managers in Financial and Administrative Services were Guerrero (26.3%), San Luis Potosí (21.8%), and Estado de México (21.3%).
The states with the lowest informality rate were Sinaloa (2.61%), Ciudad de México (1.02%), and Colima (0.84%).
The workforce of Directors and Managers in Financial and Administrative Services during the second quarter of 2024 was higher in the age group with 35 to 44 years concentrating 89.4k workers of which 94.7% corresponds to formal employment (84.7k) and 5.25% to informal employment (4.7k).
Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 201k workers of which 94.6% corresponds to formal employment (190k) and 5.36% corresponds to informal employment (10.8k).