Other financial specialists

Detailed Occupation

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2020 Workforce

70k

Average Age

Average Salary

$111,445

Average Male Salary

$144,313

Average Female Salary

$81,037

About

Other financial specialists are most often employed by the Banking & related activities industry. The average yearly wage for Other financial specialists was $111,445 in 2016. The top 3 most similar occupations to Other financial specialists by wage are Astronomers & physicists, Physician assistants, and Computer and information research scientists.

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, and 24 more.

The top 3 locations that employ the most Other financial specialists are Battery Park City, Greenwich Village & Soho PUMA, NY, North of I-30 PUMA, TX (79500US4802313), and Chelsea, Clinton & Midtown Business District PUMA, NY. The top 3 locations with a relatively high concentration of Other financial specialists are Carolina Municipio (Norte) PUMA, PR, North of I-30 PUMA, TX (79500US4802313), and Battery Park City, Greenwich Village & Soho PUMA, NY.

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 Offices of physicians. Other financial specialists are paid most in Norwalk, Westport & Darien Towns PUMA, CT but are relatively concentrated in Carolina Municipio (Norte) PUMA, PR.

Yearly Wage

$111,445

AVERAGE SALARY

± $12,100

In 2020, Other financial specialists earned an average of $111,445, $55,491 more than than the average national salary of $55,954.

Physician assistants make somewhat more than Other financial specialists while Astronomers & physicists make somewhat less. This chart shows the various occupations closest to Other financial specialists as measured by average annual salary in the US.

Wage Distribution

0.493

WAGE GINI

In 2019, Other financial specialists had a wage GINI coefficient of 0.493, which is higher than than the national average of 0.478. In other words, wages are distributed less evenly for Other financial specialists (shown in red) than for the overall labor force (shown in gray).

Wage by Location

HIGHEST PAYING PUMAS

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

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.

Most Common

The most common industries employing Other financial specialists, by number of employees, are Banking & related activities, Nondepository credit & related activities, Colleges, universities & professional schools, including junior colleges, Securities, commodities, funds, trusts & other financial investments, Other personal services, Savings institutions, including credit unions , National security & international affairs, Insurance carriers, General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals, Justice, public order, & safety activities , and Public finance activities.

Highest Paying

The highest paying industries for Other financial specialists, by average wage, are Offices of physicians, Internet publishing, broadcasting & web search portals, and Clothing stores.

Industries by Share

70k

2020 Workforce

± 6,494

12.3%

1 YEAR GROWTH

± 12%

The number of people employed as Other financial specialists has been growing at a rate of 12.3%, from 62,355 people in 2019 to 70,005 people in 2020.

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 24.5%, followed by Nondepository credit & related activities with 12.5% and Colleges, universities & professional schools, including junior colleges with 11.1%.

Diversity

Demographic information on Other financial specialists in the US. The average age of male Other financial specialists in the workforce is 42.6 and of female Other financial specialists is 43.4, and the most common race/ethnicity for Other financial specialists is White (Non-Hispanic).

Composition by Sex

33.6k

MALE WORKFORCE

± 4,503

36.4k

FEMALE WORKFORCE

± 4,681

51.9% of Other financial specialists are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of Other financial specialists.

Race & Ethnicity

Most Common Race or Ethnicity of Other financial specialists

White (Non-Hispanic)
Black (Non-Hispanic)
Asian (Non-Hispanic)

62.3% of Other financial specialists are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 12.2% of Other financial specialists, 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 specialists.

Age by Sex

42.6

AVERAGE MALE AGE

± 1.66

43.4

AVERAGE FEMALE AGE

± 1.6

The median age of Other financial specialists is 43, and Male employees are generally 0.858 years younger than than their Female counterparts.

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 Business.