Nondepository credit & related activities

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Workforce

9.1M

2019 BLS Estimate

Average Employee Age

41.3

Estimated Job Growth

0.661%

10-Year Projection

Average Salary

$97,218

Average Male Salary

$127,549

Average Female Salary

$121,402

About

The top three occupations in the Nondepository credit & related activities Industry Group are Credit counselors & loan officers, Financial managers, Loan interviewers & clerks, Securities, commodities, & financial services sales agents, and Customer service representatives. On average, full-time employees in the Nondepository credit & related activities Industry Group work 44.3 hours per week and have an average annual salary of $100,211. Part-time employees in the same industry work 21.2 hours and earn an average annual salary of $51,422.

The locations with the highest concentration of employees in the Nondepository credit & related activities Industry Group are Murray Hill, Gramercy & Stuyvesant Town PUMA, NY, Battery Park City, Greenwich Village & Soho PUMA, NY, and Phoenix City (North) PUMA, AZ. The industry that purchases the most products or services from the Hospitals Industry Group is Nondepository credit & related activities.

Photo by Ken Teegardin

Finance & Insurance Finance & Insurance, and Real Estate, Rental & Leasing

Workforce

A snapshot of jobs, wages, and opportunities in the Nondepository credit & related activities Industry Group. Credit counselors & loan officers are the most common position, but the Nondepository credit & related activities Industry Group employs a relatively high number of Loan interviewers & clerks, compared to other industries.

The highest average salary in Nondepository credit & related activities goes to Lawyers, & judges, magistrates, & other judicial workers.

Monthly Employment

Showing data for the Financial Activities industry sector.

Start Year

Y-Axis

1.67%

Year-over-year growth

Employment change between May 2020 and May 2021

As of May 2021, there are 8.56M people employed in the Financial Activities industry. This represents a 1.67% increase in employment when compared to May 2020.

This chart shows monthly employment numbers for Financial Activities over time (non-seasonally adjusted).

Occupations

Occupations by Share

9.1M

Workforce (BLS Estimate)

ACS Estimate: 955k

2.61%

1 Year Growth

± 3.47%

The Bureau of Labor Statistics estimates that there were 9.1M people employed in the Nondepository credit & related activities Industry Group in 2019.

According to ACS estimates, the number of people employed in the Nondepository credit & related activities Industry Group has been growing at a rate of 2.61%, , from 931k people in 2018 to 955k people in 2019.

The following graphic shows the share of employment in Nondepository credit & related activities by various occupations according to ACS estimates. Credit counselors & loan officers represent the largest share of positions held in Nondepository credit & related activities at 14.6%, followed by Financial managers with 13.5% and Loan interviewers & clerks with 5.92%.

Most Common

The most common occupations in the Nondepository credit & related activities Industry Group, by number of employees, are Credit counselors & loan officers, Financial managers, Loan interviewers & clerks, Securities, commodities, & financial services sales agents, and Customer service representatives.

Most Specialized

Compared to other Industry Groups, Nondepository credit & related activities employs an unusually high number of Loan interviewers & clerks, Credit counselors & loan officers, and Securities, commodities, & financial services sales agents.

Highest Paid

The highest paid occupations in Nondepository credit & related activities, by average wage, are Lawyers, & judges, magistrates, & other judicial workers, Sales representatives of services, except advertising, insurance, financial services, and travel, and Economists.

Wages

Average Salary

$97,218

AVERAGE WAGE

± $2,839

On average, employees in the Nondepository credit & related activities Industry Group make $97,218 per year. This number makes Nondepository credit & related activities the 13 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

HIGHEST PAYING PUMAS

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Nondepository credit & related activities Industry Group.

Wage Distribution

0.476

WAGE GINI

Nondepository credit & related activities has a wage GINI of 0.476, which is less than than the national average of 0.478. In other words, wages are distributed more evenly in Nondepository credit & related activities (shown in red) in comparison to the national average for those wage buckets (shown in gray).

Opportunities

Spatial Concentration

Public Use Microdata Areas with RCA

This map shows the PUMAs in the United States that have revealed comparative advantage in the Nondepository credit & related activities Industry Group.

These are locations that employ more people in the Nondepository credit & related activities Industry Group than expected given both the size of that location's overall labor pool and the national size of the Nondepository credit & related activities Industry Group.

Diversity

Demographic information on the Nondepository credit & related activities Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $127,549 and $121,402. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

500k

FEMALE WORKFORCE

±17.3k

455k

MALE WORKFORCE

±16.5k

52.4% of workers in the Nondepository credit & related activities Industry Group are Female, making them the more common sex in the workforce. This chart shows the sex breakdown of the Nondepository credit & related activities Industry Group.

Wage by Sex in Common Jobs

$127,549

AVERAGE MALE SALARY

±$5,015

$121,402

AVERAGE FEMALE SALARY

±$4,893

On average, Male workers in the Nondepository credit & related activities Industry Group make 1.05 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Nondepository credit & related activities Industry Group.

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

Asian
White
American Indian and Alaska Native tribes specified; or American Indian or Alaska Native, not specified and no other races

On average, Asian employees in the Nondepository credit & related activities Industry Group earn 1.32 times more than other races and ethnicities. This chart shows the race and ethnicity-based wage disparities in the 5 most common occupations in the Nondepository credit & related activities Industry Group.

Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Nondepository credit & related activities Industry Group. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries. Finance, insurance, real estate, rental, and leasing has the highest single input, by dollars, to the Nondepository credit & related activities Industry Group, and the largest industry purchasing services from the Nondepository credit & related activities Industry Group is Finance, insurance, real estate, rental, and leasing.

In this flow diagram, all of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

Industrial Flow

The closest comparable data for Nondepository credit & related activities is from Finance & Insurance, and Real Estate, Rental & Leasing.

Intermediate Inputs

The closest comparable data for Nondepository credit & related activities is from Finance & Insurance, and Real Estate, Rental & Leasing.

HIGHEST INPUT INDUSTRY

The Nondepository credit & related activities Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Finance, insurance, real estate, rental, and leasing Industry. This visualization does not include labor and capital costs.

Use of Output by Other Industries

The closest comparable data for Nondepository credit & related activities is from Finance & Insurance, and Real Estate, Rental & Leasing.

LARGEST PURCHASING INDUSTRY

The Finance, insurance, real estate, rental, and leasing Industry purchases the greatest share of products and services from the Nondepository credit & related activities Industry Group in order to produce other goods and services. Purchases of the Nondepository credit & related activities Industry Group for final consumption by consumers, businesses, or government are not included here.

Projections

Growth projections of the Finance and Insurance and Credit intermediation and related activities industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 7.66% in the next ten years. The Finance and Insurance and Credit intermediation and related activities industry has a lower projected workforce growth at 0.661%. Its projected 10-year growth in output (13.9%) is lower than the projected national growth in output (24.2%).

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Finance and Insurance and Credit intermediation and related activities.

0.661%

Estimated Job Growth

10-year Projection

7.66%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Finance and Insurance and Credit intermediation and related activities. This industry is expected to grow less than than 7.66%, the average rate of national job growth.

Output Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Finance and Insurance and Credit intermediation and related activities.

13.9%

Estimate Growth

10-year Projection

This line chart shows the projected 10-year growth in output of the Finance and Insurance and Credit intermediation and related activities industry.