Occupation (1122) - 2024-Q3
The workforce of Presidents and Ceos in Institutions and Private Companies during third quarter of 2024 was 62.9k people, whose salary averaged $7.18k MX working around 51.5 hours per week.
The average age of Presidents and Ceos in Institutions and Private Companies was 45.6 years. The workforce was distributed in 71.4% men with an average salary of $6.42k MX and, 28.6% women with average salary of $9.08k MX.
The best average salaries received by Presidents and Ceos in Institutions and Private Companies were in Baja California Sur ($50k MX), Campeche ($22.6k MX), and Hidalgo ($21.3k MX) while the workforce was larger in Estado de México (13.2k), Ciudad de México (7.87k), and Jalisco (7.68k).
In terms of industries, the best average salaries were in Multiple Banking ($50k MX), Accounting, Auditing and Related Services ($40k MX), and Electronic and Precision Equipment Repair and Maintenance ($21.7k MX), while the workforce was concentrated on Business Administration Services (12.2k), Legal Services (8.77k), and General Public Administration (11.3%).
3.5% of the total informal workers correspond to women with an average salary of $12k MX and 96.5% to men with an average salary of $3.34k MX.
At the level of states, Morelos had the highest percentage of informal workers with 100% corresponding to 101 from 101 workers, while the state with the lowest percentage of informal workers was Jalisco with a 8.98% corresponding to 690 from 7.68k workers.
At third quarter of 2024, the people who worked as Presidents and Ceos in Institutions and Private Companies were 62.9k being a 5.86% lower than the second quarter of 2024. (66.9k).
In the same period, an average salary of $7.18k MX was observed, registering a drop of 60.9%, compared to the second quarter of 2024 ($18.3k MX).
The states with the highest number of Presidents and Ceos in Institutions and Private Companies during the third quarter of 2024 were Estado de México (13.2k), Ciudad de México (7.87k), and Jalisco (7.68k)
Comparing the first quarter of 2021 and the third quarter of 2024, the main positive variations occurred in Estado de México and Hidalgo with an increase of 5.62k (74%) and 3.19k (2.06k%), respectively. On the other hand, the negative variations were accentuated in Ciudad de México and Jalisco with a decrease of 8.17k (50.9%) and 1.36k (15%), respectively.
The states with the best average salaries for Presidents and Ceos in Institutions and Private Companies during third quarter of 2024 were Baja California Sur ($50k MX), Campeche ($22.6k MX), and Hidalgo ($21.3k 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 $45.9k MX (1.11k%) and $16.4k MX (333%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Coahuila de Zaragoza and Michoacán de Ocampo with a decrease of $38.7k MX (80.1%) and $30.2k MX (69.7%), respectively.
Average Age 2024-Q3: 48, Men
At third quarter of 2024, the male workforce in Presidents and Ceos in Institutions and Private Companies represented the 71.4% of the employed population and women 28.6%. The male workforce was higher in the age group of 45 to 54 years (13.7k), while the female workforce was higher in the age group of 25 to 34 years (7.84k).
The highest average salary was $7.75k MX received by men from 45 to 54 years, while the lowest average salary was $5.56k MX received by men 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 Presidents and Ceos in Institutions and Private Companies was concentrated in the educational segment with 16 to 18 years of schooling (26.9k men and 16.5k women).
The highest average salary was $9.15k MX received by women with 16 to 18 years of schooling, while the lowest average salary was $5.69k 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.
The visualization shows the distribution of Presidents and Ceos in Institutions and Private Companies in different industries and economic sectors.
At third quarter of 2024, the workforce was higher in Business Administration Services (25.1%), Legal Services (18%), and General Public Administration (11.3%).
In the same period, the best average salaries were received in Multiple Banking ($50k MX), Accounting, Auditing and Related Services ($40k MX), and Electronic and Precision Equipment Repair and Maintenance ($21.7k MX).
Labor Informality 2024-Q3
During the third quarter of 2024, the labor informality of Presidents and Ceos in Institutions and Private Companies reached a 5.86%, which implied an increase from 0.15 percentage points compared to the second quarter of 2024 (5.71%).
The labor informality of this occupation was lower than informality at the country level in 48.8 percentage points during the third quarter of 2024.
At third quarter of 2024, the states with the highest rate of labor informality in Presidents and Ceos in Institutions and Private Companies were Morelos (100%), Guanajuato (46.8%), and Tabasco (46.4%).
The states with the lowest informality rate were Yucatán (13.1%), Colima (10.8%), and Jalisco (8.98%).
The workforce of Presidents and Ceos in Institutions and Private Companies during the third quarter of 2024 was higher in the age group with 45 to 54 years concentrating 16.9k workers of which 100% corresponds to formal employment (16.9k) and 94.2% to formal employment (13.4k).
Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 43.4k workers of which 98.5% corresponds to formal employment (42.8k) and 1.45% corresponds to informal employment (631).