Nondepository credit & related activities

Industry Group

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Workforce Population

996k

2021

Average Employee Age

41.3

2021

Estimated Job Growth

0.661%

10-Year Projection

Average Salary

$104,600

2021

Average Male Salary

$135,217

2021

Average Female Salary

$75,646

2021

About

The top three occupations in the Nondepository credit & related activities Industry Group are credit counselors & loan officers, financial managers, 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 $108,150. Part-time employees in the same industry work 22.1 hours and earn an average annual salary of $44,612.

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 2021 was 996,149 people, with 51.4% woman, and 48.6% men.

In 2021, 69.4% of the workforce in the Nondepository credit & related activities Industry Group was White (691,370 people), of which 49.3% were women and 50.7% 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 996,149 people and is concentrated in California (117,822 workers). The average annual salary was $104,600, being $45,004 more than the national average salary, which was $59,596.

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 2021 were California (118k), Texas (108k), and New York (72.9k).

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

Yearly Wage Ranking

In 2021, Nondepository credit & related activities Industry Group had an average annual wage of $104,600, $45,004 more than the average national salary of $59,596.

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

Wage Distribution

0.475

WAGE GINI

Nondepository credit & related activities has a wage GINI of 0.475, 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.

Credit counselors & loan officers are the most common position with 138,652 workers, but the Nondepository credit & related activities Industry Group employs a relatively high number of Financial managers and Loan interviewers & clerks.

The highest average salary in Nondepository credit & related activities goes to Media and communication workers, all other.

Occupations Distribution

The graph shows the distribution of employees in the Nondepository credit & related activities Industry Group according to occupations. In 2021, the occupations that concentrated the largest number of employees in this industry were credit counselors & loan officers (138,652 people), financial managers (130,103 people), and loan interviewers & clerks (63,513 people)

Wage by Sex in Common Jobs

$135,217

AVERAGE MALE SALARY

±$5,100

$75,646

AVERAGE FEMALE SALARY

±$2,856

On average, Male workers in the Nondepository credit & related activities Industry Group make 1.79 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, 51.4% corresponds to women and 48.6% men. Male employees tend to earn more than Female employees, with average respective salaries of $135,217 and $75,646.

75.7% of workers have a bachelors degree, some college or graduate degree.

Gender and Age

511,988

Women

51.4%

484,161

Men

48.6%

The workforce of Nondepository credit & related activities industry in 2021 was 996,149 people, with 51.4% woman, and 48.6% men.

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

Races

In 2021, 69.4% of the workforce in the Nondepository credit & related activities industry was White (691,370 people), of which 49.3% were women and 50.7% 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 2021 were bachelors degree (387,125 people), some college (214,570 people), and graduate degree (152,089 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.