Nondepository credit & related activities

Industry Group

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    Workforce Population
    1.1M
    2024
    Average Employee Age
    41.7
    2024
    Estimated Job Growth
    2.96%
    10-Year Projection
    Average Salary
    $125,821
    2024
    Average Male Salary
    $159,663
    2024
    Average Female Salary
    $91,771
    2024

    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 43.8 hours per week and have an average annual salary of $129,927. Part-time employees in the same industry work 21.4 hours and earn an average annual salary of $55,023.

    The workforce of Nondepository credit & related activities Industry Group in 2024 was 1,095,979 people, with 49.8% woman, and 50.2% men.

    In 2024, 63.5% of the workforce in the Nondepository credit & related activities Industry Group was White (695,421 people), of which 48% were women and 52% men.

    Photo by Ken Teegardin
    Finance & InsuranceFinance & 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 1,095,979 people and is concentrated in Texas (118,734 workers). The average annual salary was $125,821, being $55,943 more than the national average salary, which was $69,878.

    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).

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    Employment by Location

    The states that concentrated the largest workforce in 2024 were Texas (119k), California (117k), and New York (82.8k).

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

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    Yearly Wage Ranking

    In 2024, Nondepository credit & related activities Industry Group had an average annual wage of $125,821, $55,943 more than the average national salary of $69,878.

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

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    Wage Distribution

    0.462
    WAGE GINI

    Nondepository credit & related activities has a wage GINI of 0.462, which is less than than the national average of 0.474. 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.

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    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 152,692 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 2024, the occupations that concentrated the largest number of employees in this industry were credit counselors & loan officers (152,692 people), financial managers (137,776 people), and loan interviewers & clerks (62,693 people)

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    Wage by Sex in Common Jobs

    $159,663
    AVERAGE MALE SALARY
    ±$5,528
    $91,771
    AVERAGE FEMALE SALARY
    ±$3,267

    On average, Male workers in the Nondepository credit & related activities Industry Group make 1.74 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.

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    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.

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    Intermediate Inputs

    The closest comparable data for Nondepository credit & related activities is from Finance & Insurance, and Real Estate, Rental & Leasing.
    HIGHEST INPUT INDUSTRY
    1. Finance, insurance, real estate, rental, and leasing
    2. Professional and business services
    3. Information

    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.

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    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
    1. Finance, insurance, real estate, rental, and leasing
    2. Professional and business services
    3. Transportation and warehousing

    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.

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    Establishments

    States with more establishments in 2022
    1. California
      69,472
    2. Texas
      59,812
    3. 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.

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    Diversity

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

    Of the total workforce, 49.8% corresponds to women and 50.2% men. Male employees tend to earn more than Female employees, with average respective salaries of $159,663 and $91,771.

    77.5% of workers have a bachelors degree, some college or graduate degree.

    Gender and Age

    546,322
    Women
    49.8%
    549,657
    Men
    50.2%

    The workforce of Nondepository credit & related activities industry in 2024 was 1,095,979 people, with 49.8% woman, and 50.2% men.

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

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    Races

    In 2024, 63.5% of the workforce in the Nondepository credit & related activities industry was White (695,421 people), of which 48% were women and 52% men.

    Other races that concentrated a significant number of workers were Two or More Races and Asian.

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    Educational Levels

    The main educational levels achieved by the Nondepository credit & related activities workers in 2024 were bachelors degree (452,417 people), some college (208,061 people), and graduate degree (188,989 people).

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

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    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 3.38% 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 (22.2%) is higher than the projected national growth in output (21.8%).

    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
    3.38%
    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 3.38%, the average rate of national job growth.

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    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.
    22.2%
    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.

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