ProceduresGovernment

Collectors, Payers and Lenders

Occupation (3122) - 2024-Q3

  • 117k, Workforce
  • $6.93k MX, Average monthly salary
  • 37.6, Average age
  • 47.1, Weekly hours worked
  • 5.67, Weekly days worked
  • 5.36%, Workforce with second job
  • 17.1%, Informal Workforce
  • 12.3, Average years of Schooling

About Collectors, Payers and Lenders

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The workforce of Collectors, Payers and Lenders during third quarter of 2024 was 117k people, whose salary averaged $6.93k MX working around 47.1 hours per week.

The average age of Collectors, Payers and Lenders was 37.6 years. The workforce was distributed in 52.7% men with an average salary of $6.59k MX and, 47.3% women with average salary of $7.32k MX.

The best average salaries received by Collectors, Payers and Lenders were in Nayarit ($17.1k MX), Quintana Roo ($15.4k MX), and Tamaulipas ($13k MX) while the workforce was larger in Ciudad de México (17.3k), Estado de México (15.2k), and Guanajuato (10.2k).

In terms of industries, the best average salaries were in General Public Administration ($21.7k MX), Beauty Salons and Clinics, Public Baths and Washrooms, and Shoeshine Shops ($13.5k MX), and Retail Trade of Hardware and Glass ($13.5k MX), while the workforce was concentrated on Business Administration Services (45k), Financial Institutions for Economic Developmen (23.1k), and Financial Institutions for Economic Development (23.1k).

40.2% of the total informal workers correspond to women with an average salary of $4.82k MX and 59.8% to men with an average salary of $6.28k MX.

At the level of states, Baja California had the highest percentage of informal workers with 55.2% corresponding to 1.1k from 1.99k workers, while the state with the lowest percentage of informal workers was Ciudad de México with a 1.75% corresponding to 302 from 17.3k workers.

Workforce and Salaries Evolution

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  • 117k, Workforce 2024-Q3
  • $6.93k MX, Average monthly salary 2024-Q3

At third quarter of 2024, the people who worked as Collectors, Payers and Lenders were 117k being a 29.6% higher than the second quarter of 2024. (90.5k).

In the same period, an average salary of $6.93k MX was observed, registering a drop of 5.17%, compared to the second quarter of 2024 ($7.31k MX).

Workforce by State

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The states with the highest number of Collectors, Payers and Lenders during the third quarter of 2024 were Ciudad de México (17.3k), Estado de México (15.2k), and Guanajuato (10.2k)

Comparing the first quarter of 2021 and the third quarter of 2024, the main positive variations occurred in Estado de México and Guanajuato with an increase of 13k (575%) and 5.53k (117%), respectively. On the other hand, the negative variations were accentuated in Sonora and Tabasco with a decrease of 1.82k (53.3%) and 1.33k (50.8%), respectively.

Salaries by State

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The states with the best average salaries for Collectors, Payers and Lenders during third quarter of 2024 were Nayarit ($17.1k MX), Quintana Roo ($15.4k MX), and Tamaulipas ($13k MX)

Comparing the first quarter of 2021 and the third quarter of 2024, the positive salary growth was higher in Quintana Roo and Nayarit with an increase of $12.8k MX (496%) and $12.5k MX (268%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Tabasco and Estado de México with a decrease of $30.4k MX (79%) and $7.2k MX (81.2%), respectively.

Average Salary and Workforce by Sex and Age

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Average Age 2024-Q3

  • 37.7, Women
  • 37.5, Men

At third quarter of 2024, the male workforce in Collectors, Payers and Lenders represented the 52.7% of the employed population and women 47.3%. The male and female workforce was higher in the age group 25 to 34 years (17.9k men and 14.2k women).

The highest average salary was $9.22k MX received by women from 25 to 34 years, while the lowest average salary was $3.51k MX received by men from 15 to 24 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-Q3)

  • 13.1, Women
  • 11.6, Men

At third quarter of 2024 the male workforce in Collectors, Payers and Lenders was higher in the educational segment with 10 to 12 years of schooling (36.9k), while the female workforce was higher in the educational segment with 16 to 18 years of schooling (22.6k).

The highest average salary was $9.72k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $4.61k MX received by women with 7 to 9 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 Collectors, Payers and Lenders in different industries and economic sectors.

At third quarter of 2024, the workforce was higher in Business Administration Services (27.5%), Financial Institutions for Economic Developmen (14.1%), and Financial Institutions for Economic Development (14.1%).

In the same period, the best average salaries were received in General Public Administration ($21.7k MX), Beauty Salons and Clinics, Public Baths and Washrooms, and Shoeshine Shops ($13.5k MX), and Retail Trade of Hardware and Glass ($13.5k MX).

Labor Informality

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Labor Informality

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Labor Informality 2024-Q3

  • 17.1%, Collectors, Payers and Lenders
  • 54.6%, Average Informality in Mexico

During the third quarter of 2024, the labor informality of Collectors, Payers and Lenders reached a 17.1%, which implied a decrease from 8.58 percentage points compared to the second quarter of 2024  (25.6%).

The labor informality of this occupation was lower than informality at the country level in 37.6 percentage points during the third quarter of 2024.

Labor Informality by State

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Greater Labor Informality: 55.2%, Baja California

Less Labor Informality: 1.75 %, Ciudad de México

At third quarter of 2024, the states with the highest rate of labor informality in Collectors, Payers and Lenders were Baja California (55.2%), Tamaulipas (52.1%), and Morelos (47.4%).

The states with the lowest informality rate were Estado de México (7.26%), Guanajuato (5.68%), and Ciudad de México (1.75%).

Labor Informality by Age and Education

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Workforce

The workforce of Collectors, Payers and Lenders during the third quarter of 2024 was higher in the age group with 25 to 34 years concentrating 32.1k workers of which 84.4% corresponds to formal employment (27.1k) and 15.6% to informal employment (5.02k).

Regarding the schooling years, the workforce was higher in the range with 10 to 12 years of schooling concentrating 56.7k workers of which 86%  corresponds to formal employment (48.8k) and 14% corresponds to informal employment (7.92k).