Other financial clerks (Legacy)

Detailed Occupation

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2017 Workforce
120k
Average Age
41.6
Estimated Job Growth
8.59%
10-year projection
Average Salary
$74,449
Average Male Salary
$102,924
Average Female Salary
$55,607

About

Other financial clerks (Legacy) are most often employed by the Banking & related activities industry. The average yearly wage for Other financial clerks (Legacy) was $74,449 in 2016. The top 3 most similar occupations to Other financial clerks (Legacy) by wage are Urban & regional planners, Other Computer Occupations, and Credit counselors & loan officers.

The top 3 locations that employ the most Other financial clerks (Legacy) are Upper East Side PUMA, NY, Battery Park City, Greenwich Village & Soho PUMA, NY, and Chelsea, Clinton & Midtown Business District PUMA, NY. The top 3 locations with a relatively high concentration of Other financial clerks (Legacy) are Battery Park City, Greenwich Village & Soho PUMA, NY, Upper East Side PUMA, NY, and Hawthorne Borough & Clifton City (Northwest) PUMA, NJ.

Employment

Information on the businesses and industries that employ Other financial clerks (Legacy) and on wages and locations for those in the field. Banking & related activities is the industry that employs the most Other financial clerks (Legacy), both by share and by number, though the highest paid industry for Other financial clerks (Legacy), by average wage, is Software publishing. Other financial clerks (Legacy) are paid most in Red Bank & Tinton Falls (North) Boroughs PUMA, NJ but are relatively concentrated in Battery Park City, Greenwich Village & Soho PUMA, NY.

Wages

Yearly Wage

$74,449
AVERAGE SALARY
± $5,970

In 2017, Other financial clerks (Legacy) earned an average of $74,449, $18,495 more than than the average national salary of $55,954.

Credit counselors & loan officers make somewhat more than Other financial clerks (Legacy) while Urban & regional planners make somewhat less. This chart shows the various occupations closest to Other financial clerks (Legacy) as measured by average annual salary in the US.

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Wage Distribution

0.446
WAGE GINI

In 2015, Other financial clerks (Legacy) had a wage GINI coefficient of 0.446, which is lower than than the national average of 0.478. In other words, wages are distributed more evenly for Other financial clerks (Legacy) (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 (Legacy).

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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 (Legacy).

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Industries

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Industries by Share

120k
2017 Workforce
± 8,508
8.15%
1 YEAR GROWTH
± 9.44%

The number of people employed as Other financial clerks (Legacy) has been growing at a rate of 8.15%, from 111,134 people in 2016 to 120,191 people in 2017.

This graphic shows the share of Other financial clerks (Legacy) employed by various industries. Banking & related activities employs the largest share of Other financial clerks (Legacy) at  22.1%, followed by Nondepository credit & related activities with 9.2% and Securities, commodities, funds, trusts & other financial investments with 7.15%.

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Diversity

Demographic information on Other financial clerks (Legacy) in the US. The average age of male Other financial clerks (Legacy) in the workforce is 39.5 and of female Other financial clerks (Legacy) is 42.9, and the most common race/ethnicity for Other financial clerks (Legacy) is White (Non-Hispanic).

Composition by Sex

47.9k
MALE WORKFORCE
± 5,370
72.3k
FEMALE WORKFORCE
± 6,601

60.2% of Other financial clerks (Legacy) are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of Other financial clerks (Legacy).

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Race & Ethnicity

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

65.5% of Other financial clerks (Legacy) are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 12.4% of Other financial clerks (Legacy), 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 (Legacy).

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Age by Sex

39.5
AVERAGE MALE AGE
± 1.38
42.9
AVERAGE FEMALE AGE
± 1.16

The median age of Other financial clerks (Legacy) is 41.6, and Male employees are generally 3.38 years younger than than their Female counterparts.

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Education

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

Projections on job growth for Financial Clerks, All Other from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.71%, but Financial Clerks, All Other are expected to see a growth of 8.59% over the same period. This occupation is expected to grow more than the national average.

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Financial Clerks, All Other.
8.59%
Estimated Job Growth
10-year Projection
3.71%
National Growth
10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Financial Clerks, All Other. This profession is expected to grow more than than 3.71%, the average rate of national job growth.

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