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Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts

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


Financial Activities Jobs, 2017
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

Source: Emsi


Average Monthly Earnings
of Women

Earnings Growth by Sector
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.


Read more in-depth data on women in the workforce.

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