Nondepository credit & related activities

Industry Group

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Workforce Population

940k

2020

Average Employee Age

2020

Estimated Job Growth

0.661%

10-Year Projection

Average Salary

$95,421

2020

Average Male Salary

$124,530

2020

Average Female Salary

$68,728

2020

About

The top three occupations in the Nondepository credit & related activities Industry Group are financial managers, credit counselors & loan officers, and loan interviewers & clerks. On average, full-time employees in the Nondepository credit & related activities Industry Group work 44.1 hours per week and have an average annual salary of $98,650. Part-time employees in the same industry work 22.8 hours and earn an average annual salary of $41,707.

The locations with the highest concentration of employees in the Nondepository credit & related activities Industry Group are Murray Hill, Gramercy & Stuyvesant Town PUMA, NY, Upper East Side PUMA, NY, and Detroit City (South Central & Southeast) PUMA, MI.

The workforce of Nondepository credit & related activities Industry Group in 2020 was 939,893 people, with 52.2% woman, and 47.8% men.

In 2020, 71.3% of the workforce in the Nondepository credit & related activities Industry Group was White (670,298 people), of which 50.2% were women and 49.8% men.

Photo by Ken Teegardin

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

Employment & Salaries

A snapshot of workforce, wages, and opportunities in the Nondepository credit & related activities Industry Group.

The workforce in Nondepository credit & related activities Industry Group was 939,893 people and is concentrated in California (113,587 workers). The average annual salary was $95,421, being $39,467 more than the national average salary, which was $55,954.

Monthly Employment

Showing data for the Financial Activities industry sector.

Start Year

Y-Axis

1.64%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 9.01M people employed in the Financial Activities industry. This represents a 1.64% increase in employment when compared to February 2022.

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

Employment by Location

The states that concentrated the largest workforce in 2020 were California (114k), Texas (104k), and New York (66k).

This map shows the states in the United States shaded by workforce for Nondepository credit & related activities Industry Group.

Yearly Wage Ranking

In 2020, Nondepository credit & related activities Industry Group had an average annual wage of $95,421, $39,467 more than the average national salary of $55,954.

The graph shows the position of Nondepository credit & related activities Industry Group in the ranking of industries by average annual wage.

Wage Distribution

0.473

WAGE GINI

Nondepository credit & related activities has a wage GINI of 0.473, 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).

The graphic shows the distribution of average salaries by buckets for Nondepository credit & related activities Industry Group workers compared to the entire workforce in the country.

Occupations

A review of jobs and wages in the Nondepository credit & related activities Industry Group.

Financial managers are the most common position with 127,819 workers, but the Nondepository credit & related activities Industry Group employs a relatively high number of Credit counselors & loan officers and Loan interviewers & clerks.

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

Occupations Distribution

The graph shows the distribution of employees in the Nondepository credit & related activities Industry Group according to occupations. In 2020, the occupations that concentrated the largest number of employees in this industry were financial managers (127,819 people), credit counselors & loan officers (124,930 people), and loan interviewers & clerks (60,940 people)

Wage by Sex in Common Jobs

$124,530

AVERAGE MALE SALARY

±$4,889

$68,728

AVERAGE FEMALE SALARY

±$2,587

On average, Male workers in the Nondepository credit & related activities Industry Group make 1.81 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.

Business

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.

The industrial flow illustrates the intermediate inputs and the use of outputs of the Nondepository credit & related activities Industry Group.

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.

California and Texas stand out as the states with the largest number of establishments in the Nondepository credit & related activities Industry Group.

Industrial Flow

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

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.

Intermediate Inputs

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

HIGHEST INPUT INDUSTRY

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.

Establishments

States with more establishments in 2016

California
38,276
Texas
34,578
Florida
23,424

The charts shows the distribution of establishments in the Nondepository credit & related activities industry by states and the number of establishments according to size.

Diversity

Demographic information on the Nondepository credit & related activities Industry Group in the US.

Of the total workforce, 52.2% corresponds to women and 47.8% men. Male employees tend to earn more than Female employees, with average respective salaries of $124,530 and $68,728.

75.8% of workers have a bachelors degree, some college or high school or equivalent.

Gender and Age

490,293

Women

52.2%

449,600

Men

47.8%

The workforce of Nondepository credit & related activities industry in 2020 was 939,893 people, with 52.2% woman, and 47.8% men.

The visualization shows the distribution of the workforce by gender and age in Nondepository credit & related activities industry.

Races

In 2020, 71.3% of the workforce in the Nondepository credit & related activities industry was White (670,298 people), of which 50.2% were women and 49.8% men.

Other races that concentrated a significant number of workers were Black and Asian.

Educational Levels

The main educational levels achieved by the Nondepository credit & related activities workers in 2020 were bachelors degree (354,686 people), some college (214,842 people), and high school or equivalent (142,749 people).

The chart shows the Nondepository credit & related activities workforce by gender and educational level.

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 comparable 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 comparable 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.