Occupation (4222) - 2025-Q1
The workforce of Insurance Agents and Financial Services (Account Executives) during first quarter of 2025 was 201k people, whose salary averaged $6.82k MX working around 41.1 hours per week.
The average age of Insurance Agents and Financial Services (Account Executives) was 39 years. The workforce was distributed in 52.4% men with an average salary of $5.73k MX and, 47.6% women with average salary of $8.02k MX.
The best average salaries received by Insurance Agents and Financial Services (Account Executives) were in Baja California Sur ($16.8k MX), San Luis Potosí ($15.3k MX), and Nuevo León ($14.4k MX) while the workforce was larger in Ciudad de México (42.8k), Estado de México (29.3k), and Guanajuato (9.47k).
In terms of industries, the best average salaries were in Credit Unions and Saving Institutions ($18.7k MX), Retail Trade of Household Furniture and other Household Goods ($13.8k MX), and Business Administration Services ($10k MX), while the workforce was concentrated on Multiple Banking (141k), Financial Institutions for Economic Developmen (32.1k), and Financial Institutions for Economic Development (32.1k).
55% of the total informal workers correspond to women with an average salary of $9.04k MX and 45% to men with an average salary of $5.22k MX.
At the level of states, Tlaxcala had the highest percentage of informal workers with 79% corresponding to 460 from 582 workers, while the state with the lowest percentage of informal workers was Durango with a 1.51% corresponding to 31 from 2.05k workers.
At first quarter of 2025, the people who worked as Insurance Agents and Financial Services (Account Executives) were 201k being a 9.69% lower than the fourth quarter of 2024. (222k).
In the same period, an average salary of $6.82k MX was observed, registering a drop of 23.2%, compared to the fourth quarter of 2024 ($8.89k MX).
The states with the highest number of Insurance Agents and Financial Services (Account Executives) during the first quarter of 2025 were Ciudad de México (42.8k), Estado de México (29.3k), and Guanajuato (9.47k)
Comparing the first quarter of 2021 and the first quarter of 2025, the main positive variations occurred in Ciudad de México and Veracruz de Ignacio de la Llave with an increase of 6.33k (17.3%) and 2.41k (60.1%), respectively. On the other hand, the negative variations were accentuated in Estado de México and Jalisco with a decrease of 7.7k (20.8%) and 6.51k (42.7%), respectively.
The states with the best average salaries for Insurance Agents and Financial Services (Account Executives) during first quarter of 2025 were Baja California Sur ($16.8k MX), San Luis Potosí ($15.3k MX), and Nuevo León ($14.4k MX)
Comparing the first quarter of 2021 and the first quarter of 2025, the positive salary growth was higher in Aguascalientes and Nayarit with an increase of $7.89k MX (290%) and $4.83k MX (53.6%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Michoacán de Ocampo and Zacatecas with a decrease of $18.1k MX (65.9%) and $8.3k MX (70.7%), respectively.
Average Age 2025-Q1
At first quarter of 2025, the male workforce in Insurance Agents and Financial Services (Account Executives) represented the 52.4% of the employed population and women 47.6%. The male workforce was higher in the age group of 25 to 34 years (34.3k), while the female workforce was higher in the age group of 35 to 44 years (38k).
The highest average salary was $12.2k MX received by women from 45 to 54 years, while the lowest average salary was $3.79k MX received by women from 15 to 24 years.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
Average Schooling in Years (2025-Q1)
During the first quarter of 2025, male and female workforce in Insurance Agents and Financial Services (Account Executives) was concentrated in the educational segment with 16 to 18 years of schooling (58.2k men and 47.7k women).
The highest average salary was $12.4k MX received by men with 13 to 15 years of schooling, while the lowest average salary was $4.82k MX received by women with 10 to 12 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 Insurance Agents and Financial Services (Account Executives) in different industries and economic sectors.
At first quarter of 2025, the workforce was higher in Multiple Banking (56.6%), Financial Institutions for Economic Developmen (12.9%), and Financial Institutions for Economic Development (12.9%).
In the same period, the best average salaries were received in Credit Unions and Saving Institutions ($18.7k MX), Retail Trade of Household Furniture and other Household Goods ($13.8k MX), and Business Administration Services ($10k MX).
Labor Informality 2025-Q1
During the first quarter of 2025, the labor informality of Insurance Agents and Financial Services (Account Executives) reached a 16.5%, which implied an increase from 1.41 percentage points compared to the fourth quarter of 2024 (15.1%).
The labor informality of this occupation was lower than informality at the country level in 37.8 percentage points during the first quarter of 2025.
At first quarter of 2025, the states with the highest rate of labor informality in Insurance Agents and Financial Services (Account Executives) were Tlaxcala (79%), Nuevo León (53.9%), and Zacatecas (49.6%).
The states with the lowest informality rate were Yucatán (5.94%), Estado de México (5.53%), and Durango (1.51%).
The workforce of Insurance Agents and Financial Services (Account Executives) during the first quarter of 2025 was higher in the age group with 35 to 44 years concentrating 65.6k workers of which 87.9% corresponds to formal employment (57.7k) and 12.1% to informal employment (7.92k).
Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 106k workers of which 88.1% corresponds to formal employment (93.4k) and 11.9% corresponds to informal employment (12.6k).