Occupation (2122) - 2024-Q3
The workforce of Advisors and Analysts in Finance during third quarter of 2024 was 82.1k people, whose salary averaged $12.3k MX working around 38.7 hours per week.
The average age of Advisors and Analysts in Finance was 36.7 years. The workforce was distributed in 60% men with an average salary of $11.7k MX and, 40% women with average salary of $13.3k MX.
The best average salaries received by Advisors and Analysts in Finance were in San Luis Potosí ($63.2k MX), Michoacán de Ocampo ($46.1k MX), and Sonora ($28.1k MX) while the workforce was larger in Ciudad de México (37.4k), Estado de México (16k), and Nuevo León (4.19k).
In terms of industries, the best average salaries were in Business Administration Services ($14.2k MX), General Public Administration ($13k MX), and Legal Services ($10.2k MX), while the workforce was concentrated on Legal Services (37.2k), Multiple Banking (21.8k), and Financial Institutions for Economic Developmen (15k).
36.5% of the total informal workers correspond to women with an average salary of $22.3k MX and 63.5% to men with an average salary of $15.1k MX.
At the level of states, Michoacán de Ocampo had the highest percentage of informal workers with 84.1% corresponding to 2.44k from 2.9k workers, while the state with the lowest percentage of informal workers was Ciudad de México with a 3.12% corresponding to 1.17k from 37.4k workers.
At third quarter of 2024, the people who worked as Advisors and Analysts in Finance were 82.1k being a 65.6% higher than the second quarter of 2024. (49.6k).
In the same period, an average salary of $12.3k MX was observed, registering an increase of 11.8%, compared to the second quarter of 2024 ($11k MX).
The states with the highest number of Advisors and Analysts in Finance during the third quarter of 2024 were Ciudad de México (37.4k), Estado de México (16k), and Nuevo León (4.19k)
Comparing the first quarter of 2021 and the third quarter of 2024, the main positive variations occurred in Ciudad de México and Estado de México with an increase of 23.9k (176%) and 8.07k (102%), respectively. On the other hand, the negative variations were accentuated in Nuevo León and Sonora with a decrease of 1.09k (20.6%) and 1.01k (79%), respectively.
The states with the best average salaries for Advisors and Analysts in Finance during third quarter of 2024 were San Luis Potosí ($63.2k MX), Michoacán de Ocampo ($46.1k MX), and Sonora ($28.1k MX)
Comparing the first quarter of 2021 and the third quarter of 2024, the positive salary growth was higher in San Luis Potosí and Sonora with an increase of $47.8k MX (311%) and $16.3k MX (139%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Tabasco and Baja California with a decrease of $18.5k MX (100%) and $14.3k MX (77.3%), respectively.
Average Age 2024-Q3: 40.2, Men
At third quarter of 2024, the male workforce in Advisors and Analysts in Finance represented the 60% of the employed population and women 40%. The male workforce was higher in the age group of 25 to 34 years (22.5k), while the female workforce was higher in the age group of 15 to 24 years (13k).
The highest average salary was $14.3k MX received by men from 25 to 34 years, while the lowest average salary was $14.3k MX received by men from 25 to 34 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 Advisors and Analysts in Finance was concentrated in the educational segment with 16 to 18 years of schooling (43.8k men and 30.7k women).
The highest average salary was $13.4k MX received by women with 16 to 18 years of schooling, while the lowest average salary was $10.6k 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 Advisors and Analysts in Finance in different industries and economic sectors.
At third quarter of 2024, the workforce was higher in Legal Services (33.5%), Multiple Banking (19.6%), and Financial Institutions for Economic Developmen (13.5%).
In the same period, the best average salaries were received in Business Administration Services ($14.2k MX), General Public Administration ($13k MX), and Legal Services ($10.2k MX).
Labor Informality 2024-Q3
During the third quarter of 2024, the labor informality of Advisors and Analysts in Finance reached a 9.93%, which implied a decrease from 0.9 percentage points compared to the second quarter of 2024 (10.8%).
The labor informality of this occupation was lower than informality at the country level in 44.7 percentage points during the third quarter of 2024.
Greater Labor Informality: 84.1%, Michoacán de Ocampo
Less Labor Informality: 3.12 %, Ciudad de México
At third quarter of 2024, the states with the highest rate of labor informality in Advisors and Analysts in Finance were Michoacán de Ocampo (84.1%), Oaxaca (78.4%), and Guanajuato (50%).
The states with the lowest informality rate were Coahuila de Zaragoza (6.48%), Estado de México (3.74%), and Ciudad de México (3.12%).
The workforce of Advisors and Analysts in Finance during the third quarter of 2024 was higher in the age group with 25 to 34 years concentrating 33.3k workers of which 82.2% corresponds to formal employment (27.3k) and 17.8% to informal employment (5.93k).
Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 74.5k workers of which 89.7% corresponds to formal employment (66.8k) and 10.3% corresponds to informal employment (7.71k).