Advisors and Analysts in Finance

Occupation (2122) - 2020-Q4

  • 38.4k, Workforce
  • $7.5k MX, Average monthly salary
  • 35.1, Average age
  • 43.5, Weekly hours worked
  • 4.98, Weekly days worked
  • 0.65%, Workforce with second job
  • 7.57%, Informal Workforce
  • 16.6, 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 2020 was 38.4k people, whose salary averaged $7.5k MX working around 43.5 hours per week.

The average age of Advisors and Analysts in Finance was 35.1 years. The workforce was distributed in 59.1% men with an average salary of $7.95k MX and, 40.9% women with average salary of $6.86k MX.

The best average salaries received by Advisors and Analysts in Finance were in Campeche ($21k MX), Sonora ($19.3k MX), and Quintana Roo ($18.5k MX) while the workforce was larger in Estado de México (7.75k), Ciudad de México (7.51k), and Veracruz de Ignacio de la Llave (4.76k).

In terms of industries, the best average salaries were in Retail Trade of Cars and Trucks ($18k MX), Food Industry ($14.8k MX), and Impartition of Justice and Maintenance of Security and Public Order ($14k MX), while the workforce was concentrated on Depository Credit Intermediation (10.8k), Nondepository Credit Intermediation (7.08k), and Legal Services (4k).

85.7% of the total informal workers correspond to women with an average salary of $55.2 MX and 14.3% to men with an average salary of $9.69k MX.

At the level of states, Guanajuato had the highest percentage of informal workers with 29.8% corresponding to 151 from 507 workers, while the state with the lowest percentage of informal workers was Nayarit with a 6.44% corresponding to 79 from 1.23k workers.

Workforce and Salaries Evolution

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  • 38.4k, Workforce 2020-Q4
  • $7.5k MX, Average monthly salary 2020-Q4

At fourth quarter of 2020, the people who worked as Advisors and Analysts in Finance were 38.4k being a 88.8% higher than the third quarter of 2020. (20.3k) and 88.8% superior than the same period of the previous year (20.3k).

In the same period, an average salary of $7.5k MX was observed, registering an increase of 19.3%, compared to the third quarter of 2020 ($6.29k MX) and an increase of 19.3% compared to the same period of the previous year ($6.29k MX).

Workforce by State

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Top 1 Workforce 2020-Q4: 7.75k, Estado de México

Greater Increase in Workforce 2019-Q4/ 2020-Q4: 6.13k, Ciudad de México

Greater Decrease in Workforce 2019-Q4 / 2020-Q4: 1.47k, Sonora

The states with the highest number of Advisors and Analysts in Finance during the fourth quarter of 2020 were Estado de México (7.75k), Ciudad de México (7.51k), and Veracruz de Ignacio de la Llave (4.76k)

Comparing the fourth quarter of 2019 and the fourth quarter of 2020, the main positive variations occurred in Ciudad de México and Veracruz de Ignacio de la Llave with an increase of 6.13k (446%) and 4.45k (1.44k%), respectively. On the other hand, the negative variations were accentuated in Sonora and Oaxaca with a decrease of 1.47k (77.1%) and 597 (92.7%), respectively.

Salaries by State

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Top 1 Average Salary 2020-Q4: $21k MX, Campeche

Greater Salary Increase 2019-Q4 / 2020-Q4: $12.7k MX, Quintana Roo

Greater Salary Decrease 2019-Q4 / 2020-Q4: $21.2k MX, Guanajuato

The states with the best average salaries for Advisors and Analysts in Finance during fourth quarter of 2020 were Campeche ($21k MX), Sonora ($19.3k MX), and Quintana Roo ($18.5k MX)

Comparing the fourth quarter of 2019 and the fourth quarter of 2020, the positive salary growth was higher in Quintana Roo and Colima with an increase of $12.7k MX (219%) and $11.4k MX (306%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Guanajuato and Coahuila de Zaragoza with a decrease of $21.2k MX (84.8%) and $12k MX (66.7%), respectively.

Average Salary and Workforce by Gender and Schooling Years

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Average Schooling in Years (2020-Q4)

  • 16.6, Women
  • 16.5, Men

During the fourth quarter of 2020, male and female workforce in Advisors and Analysts in Finance was concentrated in the educational segment with 16 to 18 years of schooling (21.1k men and 15.3k women).

The highest average salary was $8.57k MX received by men with 16 to 18 years of schooling, while the lowest average salary was $6.71k 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 Advisors and Analysts in Finance in different industries and economic sectors.

At fourth quarter of 2020, the workforce was higher in Depository Credit Intermediation (35.6%), Nondepository Credit Intermediation (23.4%), and Legal Services (13.2%).

In the same period, the best average salaries were received in Retail Trade of Cars and Trucks ($18k MX), Food Industry ($14.8k MX), and Impartition of Justice and Maintenance of Security and Public Order ($14k MX).

Labor Informality

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Labor Informality

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Labor Informality 2020-Q4

  • 7.57%, Advisors and Analysts in Finance
  • 55.6%, Average Informality in Mexico

During the fourth quarter of 2020, the labor informality of Advisors and Analysts in Finance reached a 7.57%, which implied an increase from 2.47 percentage points compared to the fourth quarter of 2020  (5.1%) and a decrease from 14.9 percentage points compared to the same period of the previous year (22.5%).

The labor informality of this occupation was lower than informality at the country level in 48 percentage points during the fourth quarter of 2020.

Labor Informality by State

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Greater Labor Informality: 29.8%, Guanajuato

Less Labor Informality: 6.44 %, Nayarit

At fourth quarter of 2020, the states with the highest rate of labor informality in Advisors and Analysts in Finance were Guanajuato (29.8%), Baja California (27.9%), and Sonora (25.6%), while the states with the lowest informality rate were Querétaro (16.5%), Campeche (9.44%), and Nayarit (6.44%).

Labor Informality by Age and Education

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Workforce

The workforce of Advisors and Analysts in Finance during the fourth quarter of 2020 was higher in the age group with 25 to 34 years concentrating 21.3k workers of which 90.9% corresponds to formal employment (19.3k) and 9.11% to informal employment (1.94k).

Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 36.4k workers of which 92.2%  corresponds to formal employment (33.5k) and 7.79% corresponds to informal employment (2.83k).