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Average Monthly Earnings
Texas Women In Financial Activities
Financial Activities Overview | Printable Snapshot (PDF)
The financial activities industry, sometimes called a “super sector,” comprises two distinct sectors: finance and insurance and real estate and rental and leasing. Both have faced a host of opportunities and challenges due to changing technologies and the regulatory environment. In 2016, financial activities contributed $243.4 billion to Texas’ gross domestic product (GDP). Women account for 56 percent of the state’s 740,000 jobs in this industry.
This industry contributed
$243.4 billion
to the state GDP in 2016.
Jobs held by Texas women in this industry
416,000
These jobs generate additional business activities that ultimately support more than 1.5 million jobs in other industries of the Texas economy.
Sources: BEA, Emsi, Texas Comptroller of Public Accounts
| Sector/Industry | 2017 Number of Jobs |
2017 Average Annual Earnings |
Women's Jobs | Women's Share of Total Jobs |
|---|---|---|---|---|
| Financial Activities Total | 740,250 | $92,707 | 415,720 | 56% |
| Finance and Insurance | 529,619 | $102,155 | 324,568 | 61% |
| Monetary Authorities - Central Bank | 1,457 | $118,025 | 594 | 41% |
| Credit Intermediation and Related Activities | 258,445 | $88,751 | 162,608 | 63% |
| Securities, Commodity Contracts and Other Financial Investments and Related Activities | 67,050 | $188,393 | 32,394 | 48% |
| Insurance Carriers and Related Activities | 201,802 | $89,975 | 128,580 | 64% |
| Funds, Trusts and Other Financial Vehicles | 865 | $237,351 | 392 | 45% |
| Real Estate and Rental and Leasing | 210,631 | $68,950 | 91,153 | 43% |
| Real Estate | 146,415 | $69,570 | 74,289 | 51% |
| Rental and Leasing Services | 61,987 | $65,709 | 15,883 | 26% |
| Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) | 2,229 | $118,403 | 981 | 44% |
Source: Emsi
Women in Financial Activities' Top Occupations
| Sector | Occupation | Womens Share of Total Jobs |
|---|---|---|
| Finance and Insurance |
Customer Service Representatives |
67% |
| Tellers | 86% |
|
| Insurance Sales Agents | ||
| Securities, Commodities and Financial Services Sales Agents |
||
| Insurance Claims and Policy Processing Clerks |
||
| Real Estate and
Rental and Leasing |
Maintenance and Repair Workers, General |
|
| Counter and Rental Clerks | ||
| Office Clerks, General | ||
| Real Estate Sales Agents | ||
| Property, Real Estate
and Community Association Managers |
Source: Emsi
Average Monthly Earnings
of Women
| Sector/Industry | Earnings for 2010 | Earnings for 2016 | Earnings Growth |
|---|---|---|---|
| All Sectors | $3,067 | $3,565 | 16% |
| Financial and Insurance | $4,104 | $5,086 | 24% |
| Real Estate and Rental and Leasing | $3,217 | $4,053 | 26% |
Source: U.S. Census Bureau
In the information sector, for every…
- 100 jobs created, an additional 351 jobs are created or affected
- $1 million in sales, an additional $1.44 million in sales are generated
- $1 million in earnings generated, an additional $2.20 million in earnings are generated
…in all other industries of the Texas economy
Sources: Emsi, Texas Comptroller of Public Accounts
CONCLUSION
The financial activities industry comprises two large, dynamic sectors that generally grow in line with the wider economy. The industry continues to operate as an important employer in Texas, contributing the highest share of economic income despite fairly low employment. Texas women working in financial activities generate additional business activities that ultimately support nearly 416,000 jobs in other industries throughout the state economy.