Other financial specialists

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Total Workforce

48.5k

Average Age

43.1

Estimated Job Growth

9.64%

10-year projection

Average Salary

$109,354

Average Male Salary

$149,997

Average Female Salary

$73,580

About

Other financial specialists are most often employed by the Banking & related activities industry. The average yearly wage for Other financial specialists was $109,354 in 2016. The top 3 most similar occupations to Other financial specialists by wage are Software developers, applications & systems software, Aerospace engineers, and Optometrists.

Other financial specialists are part of the Business & financial operations occupations, along with Agents & business managers of artists, performers, & athletes, Buyers & purchasing agents, farm products, Wholesale & retail buyers, except farm products, Purchasing agents, except wholesale, retail, & farm products, Claims adjusters, appraisers, examiners, & investigators, Compliance officers, Cost estimators, Human resources workers, Logisticians, Management analysts, Meeting, convention, & event planners, Fundraisers, Compensation, benefits, & job analysis specialists, Training & development specialists, Market research analysts & marketing specialists, Business operations specialists, all other, Accountants & auditors, Appraisers & assessors of real estate, Budget analysts, Credit analysts, Financial analysts, Personal financial advisors, Insurance underwriters, Financial examiners, Credit counselors & loan officers, Tax examiners & collectors, & revenue agents, Tax preparers, and Other financial specialists

The top 3 locations that employ the most Other financial specialists are . The top 3 locations with a relatively high concentration of Other financial specialists are .

Employment

Information on the businesses and industries that employ Other financial specialists and on wages and locations for those in the field. Banking & related activities is the industry that employs the most Other financial specialists, both by share and by number, though the highest paid industry for Other financial specialists, by average wage, is Savings institutions, including credit unions . Other financial specialists are paid most in Battery Park City, Greenwich Village & Soho PUMA, NY but are relatively concentrated in false.

Wages

Yearly Wage

$109,354

AVERAGE SALARY

± $14,618

In 2017, Other financial specialists earned an average of $109,354, $57,289 more than than the average national salary of $52,065.

Optometrists make somewhat more than Other financial specialists while Software developers, applications & systems software make somewhat less. This chart shows the various occupations closest to Other financial specialists as measured by average annual salary in the US.

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Wage Distribution

0.518

WAGE GINI

In 2017, Other financial specialists had a wage GINI coefficient of 0.518, which is higher than than the national average of 0.479. In other words, wages are distributed less evenly for Other financial specialists (shown in red) than for the overall labor force (shown in gray).

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Wage by Location

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Other financial specialists.

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Spatial Concentration

PUMAs with a Relatively High Concentration of Other financial specialists

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Other financial specialists.

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Industries

Most Common

The most common industries employing Other financial specialists, by number of employees, are Banking & related activities, Colleges, universities & professional schools, including junior colleges, and Other personal services.

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Highest Paying

The highest paying industries for Other financial specialists, by average wage, are Savings institutions, including credit unions , Insurance carriers & related activities, and Banking & related activities.

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Industries by Share

48.5k

2017 Workforce

± 5,405

-3.67%

1 YEAR GROWTH

± 16.2%

The number of people employed as Other financial specialists has been declining at a rate of -3.67%, from 50,332 people in 2016 to 48,485 people in 2017.

This graphic shows the share of Other financial specialists employed by various industries. Banking & related activities employs the largest share of Other financial specialists at  26.7%, followed by Colleges, universities & professional schools, including junior colleges with 14.3% and Other personal services with 13.7%.

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Diversity

Demographic information on Other financial specialists in the US. The average age of male Other financial specialists in the workforce is 42.7 and of female Other financial specialists is 43.6, and the most common race/ethnicity for Other financial specialists is White.

Gender Composition

22.7k

MALE WORKFORCE

± 3,699

25.8k

FEMALE WORKFORCE

± 3,942

53.2% of Other financial specialists are Female, making them the more common gender in the occupation. This chart shows the gender breakdown of Other financial specialists.

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Race & Ethnicity

Most Common Race or Ethnicity of Other financial specialists

  1. White

  2. Black

  3. Asian

72.2% of Other financial specialists are White, making that the most common race or ethnicity in the occupation. Representing 14.4% of Other financial specialists, Black is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Other financial specialists.

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Age by Gender

42.7

AVERAGE MALE AGE

± 2

43.6

AVERAGE FEMALE AGE

± 1.93

The median age of Other financial specialists is 43.1, and Male employees are generally 0.917 years younger than than their Female counterparts.

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Education

Data on higher education choices for Other financial specialists from The Department of Education and Census Bureau. The most common major for Other financial specialists is Business but a relatively high number of Other financial specialists hold a major in Math & Statistics.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

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Skills

Data on the critical and distinctive skills necessary for Other financial specialists from the Bureau of Labor Statistics. Other financial specialists need many skills, but most especially Critical Thinking and Reading Comprehension. The revealed comparative advantage (RCA) shows that Other financial specialists need more than the average amount of Programming, Mathematics, and Management of Financial Resources.

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Bar Chart

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Growth Projections

Projections on wages and job growth for Other financial specialists from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Other financial specialists are expected to see a growth of 9.64% over the same period. This occupation is expected to grow higher than the national average.

Job Growth

9.64%

ESTIMATED GROWTH

7.4%

NATIONAL AVERAGE

This line chart shows the 10-year projected employment growth (from 2016 to 2026) for Other financial specialists. This profession is expected to grow faster than 7.4%, the average rate of national job growth.

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