Advisors and Analysts in Finance

Occupation (2122) - 2021-Q1

  • 28.1k, Workforce
  • $9.52k MX, Average monthly salary
  • 35.8, Average age
  • 40.5, Weekly hours worked
  • 4.87, Weekly days worked
  • 3.04%, Workforce with second job
  • 4.92%, Informal Workforce
  • 16.5, Average years of Schooling

About Advisors and Analysts in Finance

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The workforce of Advisors and Analysts in Finance during first quarter of 2021 was 28.1k people, whose salary averaged $9.52k MX working around 40.5 hours per week.

The average age of Advisors and Analysts in Finance was 35.8 years. The workforce was distributed in 65% men with an average salary of $10.2k MX and, 35% women with average salary of $8.34k MX.

The best average salaries received by Advisors and Analysts in Finance were in Nuevo León ($30k MX), Nayarit ($22.7k MX), and Tabasco ($21.3k MX) while the workforce was larger in Ciudad de México (11.5k), Jalisco (2.71k), and Estado de México (2.43k).

In terms of industries, the best average salaries were in Manufacture of Machinery and Equipment ($25k MX), Chemical Industry ($15.4k MX), and Regulation and Promotion of Economic Development ($15.4k MX), while the workforce was concentrated on Nondepository Credit Intermediation (9.54k), Depository Credit Intermediation (6.04k), and Public Administration (7.05%).

41.3% of the total informal workers correspond to women with an average salary of $15.6k MX and 58.7% to men with an average salary of $8.27k MX.

At the level of states, Veracruz de Ignacio de la Llave had the highest percentage of informal workers with 100% corresponding to 59 from 59 workers, while the state with the lowest percentage of informal workers was Jalisco with a 14.8% corresponding to 402 from 2.71k workers.

Workforce and Salaries Evolution

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  • 28.1k, Workforce 2021-Q1
  • $9.52k MX, Average monthly salary 2021-Q1

At first quarter of 2021, the people who worked as Advisors and Analysts in Finance were 28.1k being a 26.9% lower than the fourth quarter of 2020. (38.4k).

In the same period, an average salary of $9.52k MX was observed, registering an increase of 26.9%, compared to the fourth quarter of 2020 ($7.5k MX).

Workforce by State

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Top 1 Workforce 2021-Q1: 11.5k, Ciudad de México

Greater Increase in Workforce 2019-Q4/ 2021-Q1: 6.76k, Ciudad de México

Greater Decrease in Workforce 2019-Q4 / 2021-Q1: 4.07k, Estado de México

The states with the highest number of Advisors and Analysts in Finance during the first quarter of 2021 were Ciudad de México (11.5k), Jalisco (2.71k), and Estado de México (2.43k)

Comparing the first quarter of 2020 and the first quarter of 2021, the main positive variations occurred in Ciudad de México and Jalisco with an increase of 6.76k (143%) and 1.55k (134%), respectively. On the other hand, the negative variations were accentuated in Estado de México and Nuevo León with a decrease of 4.07k (62.6%) and 2.9k (86.2%), respectively.

Salaries by State

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Top 1 Average Salary 2021-Q1: $30k MX, Nuevo León

Greater Salary Increase 2020-Q1 / 2021-Q1: $24.3k MX, Nuevo León

Greater Salary Decrease 2020-Q1 / 2021-Q1: $22.9k MX, Durango

The states with the best average salaries for Advisors and Analysts in Finance during first quarter of 2021 were Nuevo León ($30k MX), Nayarit ($22.7k MX), and Tabasco ($21.3k MX)

Comparing the first quarter of 2020 and the first quarter of 2021, the positive salary growth was higher in Nuevo León and Nayarit with an increase of $24.3k MX (425%) and $17.8k MX (359%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Durango and Sonora with a decrease of $22.9k MX (65.8%) and $17k MX (89.1%), respectively.

Average Salary and Workforce by Gender and Schooling Years

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Average Schooling in Years (2021-Q1): 16.4, Men

During the first quarter of 2021, male and female workforce in Advisors and Analysts in Finance was concentrated in the educational segment with 16 to 18 years of schooling (16.6k men and 9.64k women).

The highest average salary was $10.7k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $10.7k 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 first quarter of 2021, the workforce was higher in Nondepository Credit Intermediation (41.9%), Depository Credit Intermediation (26.5%), and Public Administration (7.05%).

In the same period, the best average salaries were received in Manufacture of Machinery and Equipment ($25k MX), Chemical Industry ($15.4k MX), and Regulation and Promotion of Economic Development ($15.4k MX).

Labor Informality

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Labor Informality

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Labor Informality 2021-Q1

  • 4.92%, Advisors and Analysts in Finance
  • 55.1%, Average Informality in Mexico

During the first quarter of 2021, the labor informality of Advisors and Analysts in Finance reached a 4.92%, which implied a decrease from 2.66 percentage points compared to the fourth quarter of 2020  (7.57%) and a decrease from 4.54 percentage points compared to the same period of the previous year (9.45%).

The labor informality of this occupation was lower than informality at the country level in 50.2 percentage points during the first quarter of 2021.

Labor Informality by State

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Greater Labor Informality: 100%, Veracruz de Ignacio de la Llave

Less Labor Informality: 14.8 %, Jalisco

At first quarter of 2021, the states with the highest rate of labor informality in Advisors and Analysts in Finance were Veracruz de Ignacio de la Llave (100%), Chiapas (63.5%), and Morelos (54.7%).

The states with the lowest informality rate were Chihuahua (23.6%), Aguascalientes (15.5%), and Jalisco (14.8%).

Labor Informality by Age and Education

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Workforce

The workforce of Advisors and Analysts in Finance during the first quarter of 2021 was higher in the age group with 25 to 34 years concentrating 15.6k workers of which 95.3% corresponds to formal employment (14.9k) and 4.75% to informal employment (741).

Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 26.3k workers of which 95.5%  corresponds to formal employment (25.1k) and 4.54% corresponds to informal employment (1.19k).