Finance & Insurance
Industry Salary Overview
Banking, investment, insurance, and financial services
Industry Statistics (2024)
Salary Distribution
Top Occupations by Employment
| Occupation | Employment | Median Wage | Mean Wage |
|---|---|---|---|
| All Occupations | 19,390 | $128,840 | $138,380 |
| Business and Financial Operations Occupations | 6,580 | $129,710 | $133,820 |
| Computer and Mathematical Occupations | 4,450 | $134,490 | $136,770 |
| Computer Occupations | 4,020 | $135,080 | $137,980 |
| Financial Specialists | 3,910 | $141,740 | $140,620 |
| Management Occupations | 3,060 | $209,290 | $222,680 |
| Business Operations Specialists | 2,670 | $116,860 | $123,850 |
| Office and Administrative Support Occupations | 1,960 | $61,310 | $68,200 |
| Operations Specialties Managers | 1,900 | $187,650 | $204,890 |
| Financial Examiners | 1,800 | $132,460 | $138,170 |
| Financial Analysts and Advisors | 1,440 | $161,700 | $154,550 |
| Protective Service Occupations | 1,360 | $73,790 | $78,150 |
| Software and Web Developers, Programmers, and Testers | 1,300 | $143,810 | $139,010 |
| Other Protective Service Workers | 1,100 | $70,750 | $72,340 |
| Database and Network Administrators and Architects | 1,050 | $145,640 | $148,400 |
| Software Developers | 1,050 | $145,340 | $140,990 |
| Computer and Information Analysts | 1,040 | $133,160 | $137,370 |
| Security Guards | 970 | $70,750 | $72,030 |
| Security Guards and Gambling Surveillance Officers | 970 | $70,750 | $72,030 |
| Financial Managers | 940 | $214,460 | $221,200 |
Frequently Asked Questions
What is the average salary in finance & insurance?
According to Bureau of Labor Statistics data (2024), the average annual wage in finance & insurance is $138,380. This varies by occupation and location.
How many people work in finance & insurance?
The finance & insurance sector employs approximately 19,390 workers nationally as of 2024.
What are the highest-paying jobs in finance & insurance?
Based on median wages, some of the top-paying occupations include All Occupations, Business and Financial Operations Occupations, Computer and Mathematical Occupations, and others listed in the table above.
Related Sub-Industries
- 521000 - Monetary Authorities-Central Bank
- 521100 - Monetary Authorities-Central Bank
- 522000 - Credit Intermediation and Related Activities
- 5220A1 - Credit Intermediation and Related Activities (5221 and 5223 only)
- 522200 - Nondepository Credit Intermediation
- 522290 - Other Nondepository Credit Intermediation
- 523000 - Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- 524000 - Insurance Carriers and Related Activities
- 524100 - Insurance Carriers
- 524114 - Direct Health and Medical Insurance Carriers
- 524120 - Direct Insurance (except Life, Health, and Medical) Carriers
- 524200 - Agencies, Brokerages, and Other Insurance Related Activities
- 524210 - Insurance Agencies and Brokerages
- 524290 - Other Insurance Related Activities
- 525000 - Funds, Trusts, and Other Financial Vehicles
- 525100 - Insurance and Employee Benefit Funds
- 525900 - Other Investment Pools and Funds
Data Source
All salary and employment data sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) program. Data represents 2024 annual averages. For methodology details, visit our methodology page.