Other financial clerks

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Total Workforce

136k

Average Age

41.6

Estimated Job Growth

9.84%

10-year projection

Average Salary

$81,886

Average Male Salary

$109,261

Average Female Salary

$63,042

About

Other financial clerks are most often employed by the Banking & related activities industry. The average yearly wage for Other financial clerks was $81,886 in 2016. The top 3 most similar occupations to Other financial clerks by wage are Sales representatives, services, all other, Environmental engineers, and Compensation & benefits managers.

Other financial clerks are part of the Office & Administrative Support Occupations, along with Firstline supervisors of office & administrative support workers, Switchboard operators, including answering service, Telephone operators, Communications equipment operators, all other, Bill & account collectors, Billing & posting clerks, Bookkeeping, accounting, & auditing clerks, Gaming cage workers, Payroll & timekeeping clerks, Procurement clerks, Tellers, Other financial clerks, Brokerage clerks, Court, municipal, & license clerks, Credit authorizers, checkers, & clerks, Customer service representatives, Eligibility interviewers, government programs, File clerks, Hotel, motel, & resort desk clerks, Interviewers, except eligibility & loan, Library assistants, clerical, Loan interviewers & clerks, New accounts clerks, Human resources assistants, except payroll & timekeeping, Receptionists & information clerks, Reservation & transportation ticket agents & travel clerks, Information & record clerks, all other, Correspondence clerks & order clerks, Cargo & freight agents, Couriers & messengers, Dispatchers, Meter readers, utilities, Postal service clerks, Postal service mail carriers, Postal service mail sorters, processors, & processing machine operators, Production, planning, & expediting clerks, Shipping, receiving, & traffic clerks, Stock clerks & order fillers, Weighers, measurers, checkers, & samplers, recordkeeping, Secretaries & administrative assistants, Computer operators, Data entry keyers, Word processors & typists, Insurance claims & policy processing clerks, Mail clerks & mail machine operators, except postal service, Office clerks, general, Office machine operators, except computer, Proofreaders & copy markers, Statistical assistants, and Miscellaneous office & administrative support workers, including desktop publishers

The top 3 locations that employ the most Other financial clerks are Upper East Side PUMA, NY, Chelsea, Clinton & Midtown Business District PUMA, NY, and Richmond District PUMA, CA. The top 3 locations with a relatively high concentration of Other financial clerks are Chandler City (South) PUMA, AZ, Hockessin PUMA, DE, and Chelsea, Clinton & Midtown Business District PUMA, NY.

Employment

Information on the businesses and industries that employ Other financial clerks and on wages and locations for those in the field. Banking & related activities is the industry that employs the most Other financial clerks, both by share and by number, though the highest paid industry for Other financial clerks, by average wage, is Electronic component & product manufacturing, n.e.c. . Other financial clerks are paid most in Chelsea, Clinton & Midtown Business District PUMA, NY but are relatively concentrated in Chandler City (South) PUMA, AZ.

Wages

Yearly Wage

$81,886

AVERAGE SALARY

± $6,058

In 2017, Other financial clerks earned an average of $81,886, $29,821 more than than the average national salary of $52,065.

Sales representatives, services, all other make somewhat more than Other financial clerks while Compensation & benefits managers make somewhat less. This chart shows the various occupations closest to Other financial clerks as measured by average annual salary in the US.

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Wage Distribution

0.454

WAGE GINI

In 2017, Other financial clerks had a wage GINI coefficient of 0.454, which is lower than than the national average of 0.479. In other words, wages are distributed more evenly for Other financial clerks (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 clerks.

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Spatial Concentration

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

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Industries

Most Common

The most common industries employing Other financial clerks, by number of employees, are Banking & related activities, Nondepository credit & related activities, and Securities, commodities, funds, trusts & other financial investments.

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Highest Paying

The highest paying industries for Other financial clerks, by average wage, are Electronic component & product manufacturing, n.e.c. , Software publishing, and Construction.

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Industries by Share

136k

2017 Workforce

± 9,043

11.5%

1 YEAR GROWTH

± 8.68%

The number of people employed as Other financial clerks has been growing at a rate of 11.5%, from 121,748 people in 2016 to 135,801 people in 2017.

This graphic shows the share of Other financial clerks employed by various industries. Banking & related activities employs the largest share of Other financial clerks at  20%, followed by Nondepository credit & related activities with 9.04% and Securities, commodities, funds, trusts & other financial investments with 7.17%.

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Diversity

Demographic information on Other financial clerks in the US. The average age of male Other financial clerks in the workforce is 40 and of female Other financial clerks is 42.7, and the most common race/ethnicity for Other financial clerks is White.

Gender Composition

55.4k

MALE WORKFORCE

± 5,776

80.4k

FEMALE WORKFORCE

± 6,961

59.2% of Other financial clerks are Female, making them the more common gender in the occupation. This chart shows the gender breakdown of Other financial clerks.

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Race & Ethnicity

Most Common Race or Ethnicity of Other financial clerks

  1. White

  2. Black

  3. Asian

73.9% of Other financial clerks are White, making that the most common race or ethnicity in the occupation. Representing 11.3% of Other financial clerks, Black is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Other financial clerks.

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Age by Gender

40

AVERAGE MALE AGE

± 1.28

42.7

AVERAGE FEMALE AGE

± 1.07

The median age of Other financial clerks is 41.6, and Male employees are generally 2.69 years younger than than their Female counterparts.

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Education

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

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 clerks from the Bureau of Labor Statistics. Other financial clerks need many skills, but most especially . The revealed comparative advantage (RCA) shows that Other financial clerks need more than the average amount of .

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Bar Chart

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Growth Projections

Projections on wages and job growth for Other financial clerks from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Other financial clerks are expected to see a growth of 9.84% over the same period. This occupation is expected to grow higher than the national average.

Job Growth

9.84%

ESTIMATED GROWTH

7.4%

NATIONAL AVERAGE

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

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