Nondepository credit & related activities

Industry Group

Add Comparison

Workforce Population

1.07M

2023

Average Employee Age

41.6

2023

Estimated Job Growth

2.96%

10-Year Projection

Average Salary

$121,697

2023

Average Male Salary

$155,684

2023

Average Female Salary

$88,378

2023

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 hours per week and have an average annual salary of $125,639. Part-time employees in the same industry work 21.5 hours and earn an average annual salary of $54,673.

The locations with the highest concentration of employees in the Nondepository credit & related activities Industry Group are NYC-Manhattan Community Districts 5 & 6--Midtown, East Midtown, & Flatiron PUMA, NY, NYC-Manhattan Community District 4--Chelsea & Hell's Kitchen PUMA, NY, and NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY.

The workforce of Nondepository credit & related activities Industry Group in 2023 was 1,071,212 people, with 50.5% woman, and 49.5% men.

In 2023, 65.7% of the workforce in the Nondepository credit & related activities Industry Group was White (703,477 people), of which 48.7% were women and 51.3% 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 1,071,212 people and is concentrated in Texas (117,115 workers). The average annual salary was $121,697, being $53,970 more than the national average salary, which was $67,727.

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 2023 were Texas (117k), California (116k), and New York (79k).

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

Yearly Wage Ranking

In 2023, Nondepository credit & related activities Industry Group had an average annual wage of $121,697, $53,970 more than the average national salary of $67,727.

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

Wage Distribution

0.467

WAGE GINI

Nondepository credit & related activities has a wage GINI of 0.467, which is less than than the national average of 0.476. 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 153,515 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 Miscellaneous first-line supervisors, protective service workers.

Occupations Distribution

The graph shows the distribution of employees in the Nondepository credit & related activities Industry Group according to occupations. In 2023, the occupations that concentrated the largest number of employees in this industry were credit counselors & loan officers (153,515 people), financial managers (135,309 people), and loan interviewers & clerks (64,519 people)

Wage by Sex in Common Jobs

$155,684

AVERAGE MALE SALARY

±$5,572

$88,378

AVERAGE FEMALE SALARY

±$3,207

On average, Male workers in the Nondepository credit & related activities Industry Group make 1.76 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

Finance, insurance, real estate, rental, and leasing
Professional and business services
Information

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 2022

California
69,472
Texas
59,812
Florida
48,457

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, 50.5% corresponds to women and 49.5% men. Male employees tend to earn more than Female employees, with average respective salaries of $155,684 and $88,378.

76.9% of workers have a bachelors degree, some college or graduate degree.

Gender and Age

540,925

Women

50.5%

530,287

Men

49.5%

The workforce of Nondepository credit & related activities industry in 2023 was 1,071,212 people, with 50.5% woman, and 49.5% men.

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

Races

In 2023, 65.7% of the workforce in the Nondepository credit & related activities industry was White (703,477 people), of which 48.7% were women and 51.3% 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 2023 were bachelors degree (433,543 people), some college (213,355 people), and graduate degree (176,998 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 4.23% in the next ten years. The Finance and Insurance and Credit Intermediation and Related Activities industry has a lower projected workforce growth at 2.96%. Its projected 10-year growth in output (19.2%) is higher than the projected national growth in output (19%).

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.

2.96%

Estimated Job Growth

10-year Projection

4.23%

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 4.23%, 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.

19.2%

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.