Other financial clerks

Detailed Occupation

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2020 Workforce
143k
Average Age
41.8
Average Salary
$79,694
Average Male Salary
$111,902
Average Female Salary
$58,133

About

Other financial clerks are most often employed by the Banking & related activities industry. The average yearly wage for Other financial clerks was $79,694 in 2016. The top 3 most similar occupations to Other financial clerks by wage are Network and computer systems administrators, Insurance underwriters, and Cardiovascular technologists and technicians.

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 Plano City (West) PUMA, TX. The top 3 locations with a relatively high concentration of Other financial clerks are Upper East Side PUMA, NY, Plano City (West) PUMA, TX, 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 Seafood & other miscellaneous foods, n.e.c. . Other financial clerks are paid most in Red Bank & Tinton Falls (North) Boroughs PUMA, NJ but are relatively concentrated in Upper East Side PUMA, NY.

Wages

Yearly Wage

$79,694
AVERAGE SALARY
± $5,985

In 2020, Other financial clerks earned an average of $79,694, $23,740 more than than the average national salary of $55,954.

Insurance underwriters make somewhat more than Other financial clerks while Network and computer systems administrators 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

0.467
WAGE GINI

In 2019, Other financial clerks had a wage GINI coefficient of 0.467, which is lower than than the national average of 0.478. 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

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Industries by Share

143k
2020 Workforce
± 9,276
2.66%
1 YEAR GROWTH
± 9%

The number of people employed as Other financial clerks has been growing at a rate of 2.66%, from 139,181 people in 2019 to 142,884 people in 2020.

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  18.5%, followed by Nondepository credit & related activities with 9.62% and Securities, commodities, funds, trusts & other financial investments with 7.23%.

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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 39.8 and of female Other financial clerks is 43.1, and the most common race/ethnicity for Other financial clerks is White (Non-Hispanic).

Composition by Sex

57.3k
MALE WORKFORCE
± 5,876
85.6k
FEMALE WORKFORCE
± 7,181

59.9% of Other financial clerks are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of Other financial clerks.

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Race & Ethnicity

Most Common Race or Ethnicity of Other financial clerks
  1. White (Non-Hispanic)
  2. Black (Non-Hispanic)
  3. Asian (Non-Hispanic)

64.7% of Other financial clerks are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 11.2% of Other financial clerks, Black (Non-Hispanic) 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 Sex

39.8
AVERAGE MALE AGE
± 1.3
43.1
AVERAGE FEMALE AGE
± 1.09

The median age of Other financial clerks is 41.8, and Male employees are generally 3.35 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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