ProceduresGovernment

Coordinators and Department Heads in Accounting, Financial, Banking and Insurance

Occupation (1512) - 2024-Q3

  • 46.1k, Workforce
  • $12.3k MX, Average monthly salary
  • 38.3, Average age
  • 42.7, Weekly hours worked
  • 4.97, Weekly days worked
  • 1.52%, Workforce with second job
  • 4.73%, Informal Workforce
  • 15.4, Average years of Schooling

About Coordinators and Department Heads in Accounting, Financial, Banking and Insurance

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The workforce of Coordinators and Department Heads in Accounting, Financial, Banking and Insurance during third quarter of 2024 was 46.1k people, whose salary averaged $12.3k MX working around 42.7 hours per week.

The average age of Coordinators and Department Heads in Accounting, Financial, Banking and Insurance was 38.3 years. The workforce was distributed in 41% men with an average salary of $15.9k MX and, 59% women with average salary of $9.85k MX.

The best average salaries received by Coordinators and Department Heads in Accounting, Financial, Banking and Insurance were in Hidalgo ($31.5k MX), Chihuahua ($26.7k MX), and Zacatecas ($24k MX) while the workforce was larger in Ciudad de México (15.8k), Estado de México (5.76k), and Chihuahua (3.1k).

In terms of industries, the best average salaries were in Secretarial Support, Photocopying, Collection, Credit Investigation and Similar Services ($50k MX), Services Related to Mining ($32k MX), and Metallic Ore Mining ($30k MX), while the workforce was concentrated on Legal Services (12.3k), Multiple Banking (8.13k), and Regulation and Promotion of Economic Developmen (6.84%).

24.4% of the total informal workers correspond to women with an average salary of $2.51k MX and 75.6% to men with an average salary of $22.3k MX.

At the level of states, Coahuila de Zaragoza had the highest percentage of informal workers with 67% corresponding to 590 from 881 workers, while the state with the lowest percentage of informal workers was Ciudad de México with a 4.42% corresponding to 700 from 15.8k workers.

Workforce and Salaries Evolution

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  • 46.1k, Workforce 2024-Q3
  • $12.3k MX, Average monthly salary 2024-Q3

At third quarter of 2024, the people who worked as Coordinators and Department Heads in Accounting, Financial, Banking and Insurance were 46.1k being a 9.52% higher than the second quarter of 2024. (42.1k).

In the same period, an average salary of $12.3k MX was observed, registering an increase of 5.87%, compared to the second quarter of 2024 ($11.6k MX).

Workforce by State

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The states with the highest number of Coordinators and Department Heads in Accounting, Financial, Banking and Insurance during the third quarter of 2024 were Ciudad de México (15.8k), Estado de México (5.76k), and Chihuahua (3.1k)

Comparing the first quarter of 2021 and the third quarter of 2024, the main positive variations occurred in Ciudad de México and Querétaro with an increase of 8.35k (112%) and 2.49k (415%), respectively. On the other hand, the negative variations were accentuated in Estado de México and Guanajuato with a decrease of 7.01k (54.9%) and 835 (76.3%), respectively.

Salaries by State

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The states with the best average salaries for Coordinators and Department Heads in Accounting, Financial, Banking and Insurance during third quarter of 2024 were Hidalgo ($31.5k MX), Chihuahua ($26.7k MX), and Zacatecas ($24k MX)

Comparing the first quarter of 2021 and the third quarter of 2024, the positive salary growth was higher in Hidalgo and Zacatecas with an increase of $21.2k MX (206%) and $12.3k MX (106%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Durango and Coahuila de Zaragoza with a decrease of $17.9k MX (65.5%) and $14.5k MX (82.7%), respectively.

Average Salary and Workforce by Gender and Schooling Years

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Average Schooling in Years (2024-Q3)

  • 15.3, Women
  • 15.6, Men

During the third quarter of 2024, male and female workforce in Coordinators and Department Heads in Accounting, Financial, Banking and Insurance was concentrated in the educational segment with 16 to 18 years of schooling (14.3k men and 20.2k women).

The highest average salary was $18k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $7.77k MX received by women with 16 to 18 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 Coordinators and Department Heads in Accounting, Financial, Banking and Insurance in different industries and economic sectors.

At third quarter of 2024, the workforce was higher in Legal Services (21.6%), Multiple Banking (14.2%), and Regulation and Promotion of Economic Developmen (6.84%).

In the same period, the best average salaries were received in Secretarial Support, Photocopying, Collection, Credit Investigation and Similar Services ($50k MX), Services Related to Mining ($32k MX), and Metallic Ore Mining ($30k MX).

Labor Informality

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Labor Informality

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Labor Informality 2024-Q3

  • 4.73%, Coordinators and Department Heads in Accounting, Financial, Banking and Insurance
  • 54.6%, Average Informality in Mexico

During the third quarter of 2024, the labor informality of Coordinators and Department Heads in Accounting, Financial, Banking and Insurance reached a 4.73%, which implied an increase from 3 percentage points compared to the second quarter of 2024  (1.73%).

The labor informality of this occupation was lower than informality at the country level in 49.9 percentage points during the third quarter of 2024.

Labor Informality by State

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Greater Labor Informality: 67%, Coahuila de Zaragoza

Less Labor Informality: 4.42 %, Ciudad de México

At third quarter of 2024, the states with the highest rate of labor informality in Coordinators and Department Heads in Accounting, Financial, Banking and Insurance were Coahuila de Zaragoza (67%), Tlaxcala (53.1%), and Quintana Roo (49.1%).

The states with the lowest informality rate were Baja California (34.9%), Campeche (15.6%), and Ciudad de México (4.42%).

Labor Informality by Age and Education

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Workforce

The workforce of Coordinators and Department Heads in Accounting, Financial, Banking and Insurance during the third quarter of 2024 was higher in the age group with 25 to 34 years concentrating 22.9k workers of which 100% corresponds to formal employment (22.9k) and 85.5% to formal employment (8.94k).

Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 34.6k workers of which 93.7%  corresponds to formal employment (32.4k) and 6.31% corresponds to informal employment (2.18k).