Occupation (2122) - 2024-Q1
The workforce of Advisors and Analysts in Finance during first quarter of 2024 was 56.5k people, whose salary averaged $14.6k MX working around 41.3 hours per week.
The average age of Advisors and Analysts in Finance was 36.2 years. The workforce was distributed in 65% men with an average salary of $17.2k MX and, 35% women with average salary of $9.62k MX.
The best average salaries received by Advisors and Analysts in Finance were in Chihuahua ($34.9k MX), Colima ($31.2k MX), and Durango ($25.9k MX) while the workforce was larger in Ciudad de México (16.2k), Estado de México (12.4k), and Nuevo León (5.05k).
In terms of industries, the best average salaries were in Building Installations and Equipmen ($75.4k MX), Building Installations and Equipment ($75.4k MX), and Medical Doctors Offices ($50k MX), while the workforce was concentrated on Legal Services (14.2k), Multiple Banking (13k), and Financial Institutions for Economic Developmen (11k).
27.8% of the total informal workers correspond to women with an average salary of $10.9k MX and 72.2% to men with an average salary of $24.1k MX.
At the level of states, Durango had the highest percentage of informal workers with 71% corresponding to 154 from 217 workers, while the state with the lowest percentage of informal workers was Michoacán de Ocampo with a 2.06% corresponding to 57 from 2.77k workers.
At first quarter of 2024, the people who worked as Advisors and Analysts in Finance were 56.5k being a 4.82% lower than the fourth quarter of 2023. (59.4k).
In the same period, an average salary of $14.6k MX was observed, registering an increase of 60.8%, compared to the fourth quarter of 2023 ($9.05k MX).
The states with the highest number of Advisors and Analysts in Finance during the first quarter of 2024 were Ciudad de México (16.2k), Estado de México (12.4k), and Nuevo León (5.05k)
Comparing the first quarter of 2021 and the first quarter of 2024, the main positive variations occurred in Nuevo León and Michoacán de Ocampo with an increase of 2.65k (111%) and 2.22k (401%), respectively. On the other hand, the negative variations were accentuated in Ciudad de México and Veracruz de Ignacio de la Llave with a decrease of 4.63k (22.3%) and 2.44k (86.1%), respectively.
The states with the best average salaries for Advisors and Analysts in Finance during first quarter of 2024 were Chihuahua ($34.9k MX), Colima ($31.2k MX), and Durango ($25.9k MX)
Comparing the first quarter of 2021 and the first quarter of 2024, the positive salary growth was higher in Chihuahua and Estado de México with an increase of $27.8k MX (396%) and $16.8k MX (236%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Sinaloa and Yucatán with a decrease of $25.1k MX (70.2%) and $19.1k MX (73.4%), respectively.
Average Age 2024-Q1: 36.8, Men
At first quarter of 2024, the male workforce in Advisors and Analysts in Finance represented the 65% of the employed population and women 35%. The male and female workforce was higher in the age group 25 to 34 years (19k men and 11.4k women).
The highest average salary was $14.6k MX received by men from 25 to 34 years, while the lowest average salary was $14.6k 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-Q1)
During the first 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 (31.8k men and 18.9k women).
The highest average salary was $12.1k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $9.73k 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.
The visualization shows the distribution of Advisors and Analysts in Finance in different industries and economic sectors.
At first quarter of 2024, the workforce was higher in Legal Services (23%), Multiple Banking (21.2%), and Financial Institutions for Economic Developmen (17.9%).
In the same period, the best average salaries were received in Building Installations and Equipmen ($75.4k MX), Building Installations and Equipment ($75.4k MX), and Medical Doctors Offices ($50k MX).
Labor Informality 2024-Q1
During the first quarter of 2024, the labor informality of Advisors and Analysts in Finance reached a 6.37%, which implied a decrease from 11.6 percentage points compared to the fourth quarter of 2023 (18%).
The labor informality of this occupation was lower than informality at the country level in 48 percentage points during the first quarter of 2024.
Greater Labor Informality: 71%, Durango
Less Labor Informality: 2.06 %, Michoacán de Ocampo
At first quarter of 2024, the states with the highest rate of labor informality in Advisors and Analysts in Finance were Durango (71%), San Luis Potosí (48.4%), and Puebla (40.8%).
The states with the lowest informality rate were Tamaulipas (8.02%), Sonora (6.89%), and Michoacán de Ocampo (2.06%).
The workforce of Advisors and Analysts in Finance during the first quarter of 2024 was higher in the age group with 25 to 34 years concentrating 30.3k workers of which 96.9% corresponds to formal employment (29.4k) and 3.09% to informal employment (938).
Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 50.8k workers of which 92.9% corresponds to formal employment (47.2k) and 7.09% corresponds to informal employment (3.6k).