Financial examiners

Detailed Occupation

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2020 Workforce

16.6k

Average Age

43.4

Estimated Job Growth

7.32%

10-year projection

Average Salary

$97,262

Average Male Salary

$101,771

Average Female Salary

$92,062

About

Financial examiners are most often employed by the Banking & related activities industry. The average yearly wage for Financial examiners was $97,262 in 2016. The top 3 most similar occupations to Financial examiners by wage are Medical scientists, & life scientists, all other, Project management specialists, and Civil engineers.

Financial examiners 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 Financial examiners are Little Rock City PUMA, AR, Edmond & Oklahoma City (North Central) Cities PUMA, OK, and Leon County (Outer) PUMA, FL. The top 3 locations with a relatively high concentration of Financial examiners are Little Rock City PUMA, AR, Edmond & Oklahoma City (North Central) Cities PUMA, OK, and Leon County (Outer) PUMA, FL.

Photo by paul bica

Information on the businesses and industries that employ Financial examiners and on wages and locations for those in the field. Banking & related activities is the industry that employs the most Financial examiners, both by share and by number, though the highest paid industry for Financial examiners, by average wage, is Nondepository credit & related activities. Financial examiners are paid most in Charlotte City (South) PUMA, NC but are relatively concentrated in Little Rock City PUMA, AR.

Yearly Wage

$97,262

AVERAGE SALARY

± $12,275

In 2020, Financial examiners earned an average of $97,262, $41,308 more than than the average national salary of $55,954.

Medical scientists, & life scientists, all other make somewhat more than Financial examiners while Civil engineers make somewhat less. This chart shows the various occupations closest to Financial examiners as measured by average annual salary in the US.

Wage Distribution

0.334

WAGE GINI

In 2015, Financial examiners had a wage GINI coefficient of 0.334, which is lower than than the national average of 0.478. In other words, wages are distributed more evenly for Financial examiners (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 Financial examiners.

Spatial Concentration

PUMAs with a Relatively High Concentration of Financial examiners

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

Most Common

The most common industries employing Financial examiners, by number of employees, are Banking & related activities, Insurance carriers, Public finance activities, Administration of economic programs & space research, Agencies, brokerages, and other insurance related activities, Securities, commodities, funds, trusts & other financial investments, Nondepository credit & related activities, Savings institutions, including credit unions , Executive offices & legislative bodies, Administration of human resource programs, and National security & international affairs.

Highest Paying

The highest paying industries for Financial examiners, by average wage, are Nondepository credit & related activities, Public finance activities, and Management, scientific & technical consulting services.

Industries by Share

16.6k

2020 Workforce

± 3,166

10.9%

1 YEAR GROWTH

± 24.9%

The number of people employed as Financial examiners has been growing at a rate of 10.9%, from 15,002 people in 2019 to 16,632 people in 2020.

This graphic shows the share of Financial examiners employed by various industries. Banking & related activities employs the largest share of Financial examiners at 30.4%, followed by Insurance carriers with 21.9% and Public finance activities with 19.6%.

Diversity

Demographic information on Financial examiners in the US. The average age of male Financial examiners in the workforce is 43 and of female Financial examiners is 43.9, and the most common race/ethnicity for Financial examiners is White (Non-Hispanic).

Composition by Sex

8.91k

MALE WORKFORCE

± 2,317

7.72k

FEMALE WORKFORCE

± 2,158

53.6% of Financial examiners are Male, making them the more common sex in the occupation. This chart shows the sex breakdown of Financial examiners.

Race & Ethnicity

Most Common Race or Ethnicity of Financial examiners

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

67.2% of Financial examiners are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 13% of Financial examiners, Black (Non-Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Financial examiners.

Age by Sex

AVERAGE MALE AGE

± 3.29

43.9

AVERAGE FEMALE AGE

± 3.35

The median age of Financial examiners is 43.4, and Male employees are generally 0.837 years younger than than their Female counterparts.

Education

Data on higher education choices for Financial examiners from The Department of Education and Census Bureau. The most common major for Financial examiners is Business but a relatively high number of Financial examiners 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.

MOST COMMON MAJORS

MOST SPECIALIZED MAJORS

Skills

Data on the critical and distinctive skills necessary for Financial examiners from the Bureau of Labor Statistics. Financial examiners need many skills, but most especially Critical Thinking, Reading Comprehension, and Monitoring. The revealed comparative advantage (RCA) shows that Financial examiners need more than the average amount of Operations Analysis, Systems Evaluation, and Mathematics.

Radar Distribution

Bar Chart

Projections

Projections on job growth for Financial Examiners from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.71%, but Financial Examiners are expected to see a growth of 7.32% over the same period. This occupation is expected to grow more than the national average.

Job Growth

7.32%

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 Examiners. This profession is expected to grow more than than 3.71%, the average rate of national job growth.