ProceduresGovernment

Advisors and Analysts in Finance

Occupation (2122) - 2023-Q4

  • 59.4k, Workforce
  • $9.05k MX, Average monthly salary
  • 38.4, Average age
  • 40.2, Weekly hours worked
  • 4.7, Weekly days worked
  • 7.79%, Workforce with second job
  • 18%, Informal Workforce
  • 17, Average years of Schooling

About Advisors and Analysts in Finance

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The workforce of Advisors and Analysts in Finance during fourth quarter of 2023 was 59.4k people, whose salary averaged $9.05k MX working around 40.2 hours per week.

The average age of Advisors and Analysts in Finance was 38.4 years. The workforce was distributed in 79.2% men with an average salary of $8.64k MX and, 20.8% women with average salary of $10.6k MX.

The best average salaries received by Advisors and Analysts in Finance were in Sinaloa ($35.7k MX), Yucatán ($26.1k MX), and Quintana Roo ($25k MX) while the workforce was larger in Ciudad de México (20.8k), Estado de México (11.3k), and Jalisco (3.23k).

In terms of industries, the best average salaries were in Business Administration Services ($22.4k MX), General Public Administration ($15.5k MX), and Retail Trade of Textile Products, except Apparel ($14k MX), while the workforce was concentrated on Legal Services (21.4k), Multiple Banking (20.2k), and Financial Institutions for Economic Developmen (9.29k).

44.2% of the total informal workers correspond to women with an average salary of $4.05k MX and 55.8% to men with an average salary of $5.59k MX.

At the level of states, Veracruz de Ignacio de la Llave had the highest percentage of informal workers with 97.5% corresponding to 2.76k from 2.83k workers, while the state with the lowest percentage of informal workers was Ciudad de México with a 3.03% corresponding to 629 from 20.8k workers.

Workforce and Salaries Evolution

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  • 59.4k, Workforce 2023-Q4
  • $9.05k MX, Average monthly salary 2023-Q4

At fourth quarter of 2023, the people who worked as Advisors and Analysts in Finance were 59.4k being a 29.5% higher than the third quarter of 2023. (45.8k).

In the same period, an average salary of $9.05k MX was observed, registering a drop of 10.3%, compared to the third quarter of 2023 ($10.1k MX).

Workforce by State

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The states with the highest number of Advisors and Analysts in Finance during the fourth quarter of 2023 were Ciudad de México (20.8k), Estado de México (11.3k), and Jalisco (3.23k)

Comparing the first quarter of 2021 and the fourth quarter of 2023, the main positive variations occurred in Ciudad de México and Estado de México with an increase of 6.24k (42.9%) and 2.21k (24.3%), respectively. On the other hand, the negative variations were accentuated in Nuevo León and Baja California with a decrease of 1.86k (43.7%) and 1.25k (60.5%), respectively.

Salaries by State

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The states with the best average salaries for Advisors and Analysts in Finance during fourth quarter of 2023 were Sinaloa ($35.7k MX), Yucatán ($26.1k MX), and Quintana Roo ($25k MX)

Comparing the first quarter of 2021 and the fourth quarter of 2023, the positive salary growth was higher in Sinaloa and Yucatán with an increase of $31.7k MX (782%) and $16.5k MX (173%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Coahuila de Zaragoza and Baja California with a decrease of $14k MX (74.5%) and $8.26k MX (100%), respectively.

Average Salary and Workforce by Sex and Age

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Average Age 2023-Q4: 38.3, Men

At fourth quarter of 2023, the male workforce in Advisors and Analysts in Finance represented the 79.2% of the employed population and women 20.8%. The male workforce was higher in the age group of 25 to 34 years (23.1k), while the female workforce was higher in the age group of 35 to 44 years (6.03k).

The highest average salary was $7.05k MX received by men from 25 to 34 years, while the lowest average salary was $7.05k 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 Salary and Workforce by Gender and Schooling Years

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Average Schooling in Years (2023-Q4)

  • 17.2, Women
  • 17, Men

During the fourth quarter of 2023, male and female workforce in Advisors and Analysts in Finance was concentrated in the educational segment with 16 to 18 years of schooling (38.3k men and 9.37k women).

The highest average salary was $12.4k MX received by women with 16 to 18 years of schooling, while the lowest average salary was $7.48k 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.

Workforce and Salaries Distribution by Industries

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The visualization shows the distribution of Advisors and Analysts in Finance in different industries and economic sectors.

At fourth quarter of 2023, the workforce was higher in Legal Services (34.7%), Multiple Banking (32.8%), and Financial Institutions for Economic Developmen (15.1%).

In the same period, the best average salaries were received in Business Administration Services ($22.4k MX), General Public Administration ($15.5k MX), and Retail Trade of Textile Products, except Apparel ($14k MX).

Labor Informality

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Labor Informality

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Labor Informality 2023-Q4

  • 18%, Advisors and Analysts in Finance
  • 54.8%, Average Informality in Mexico

During the fourth quarter of 2023, the labor informality of Advisors and Analysts in Finance reached a 18%, which implied an increase from 9.83 percentage points compared to the third quarter of 2023  (8.15%).

The labor informality of this occupation was lower than informality at the country level in 36.8 percentage points during the fourth quarter of 2023.

Labor Informality by State

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Greater Labor Informality: 97.5%, Veracruz de Ignacio de la Llave

Less Labor Informality: 3.03 %, Ciudad de México

At fourth quarter of 2023, the states with the highest rate of labor informality in Advisors and Analysts in Finance were Veracruz de Ignacio de la Llave (97.5%), Coahuila de Zaragoza (68.5%), and Morelos (64.2%).

The states with the lowest informality rate were Chihuahua (10.6%), Campeche (4.82%), and Ciudad de México (3.03%).

Labor Informality by Age and Education

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Workforce

The workforce of Advisors and Analysts in Finance during the fourth quarter of 2023 was higher in the age group with 25 to 34 years concentrating 26.6k workers of which 84.3% corresponds to formal employment (22.5k) and 15.7% to informal employment (4.18k).

Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 47.6k workers of which 84.8%  corresponds to formal employment (40.4k) and 15.2% corresponds to informal employment (7.23k).