New accounts clerks

Detailed Occupation

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2020 Workforce

15.2k

Average Age

39.7

Estimated Job Growth

−14.7%

10-year projection

Average Salary

$48,981

Average Male Salary

$61,762

Average Female Salary

$44,588

About

New accounts clerks are most often employed by the Banking & related activities industry. The average yearly wage for New accounts clerks was $48,981 in 2016. The top 3 most similar occupations to New accounts clerks by wage are Meeting, convention, & event planners, Security & fire alarm systems installers, and Other therapists, including exercise physiologists.

New accounts clerks are part of the Office & Administrative Support Occupations, along with Firstline supervisors of office & administrative support workers, Switchboard operators, including answering service, Telephone operators, Communications equipment operators, all other, Bill & account collectors, and 45 more.

The top 3 locations that employ the most New accounts clerks are Wind River Reservation PUMA, WY. The top 3 locations with a relatively high concentration of New accounts clerks are Wind River Reservation PUMA, WY.

Employment

Information on the businesses and industries that employ New accounts clerks and on wages and locations for those in the field. Banking & related activities is the industry that employs the most New accounts clerks, both by share and by number, though the highest paid industry for New accounts clerks, by average wage, is Securities, commodities, funds, trusts & other financial investments. New accounts clerks are paid most in Newton City & Brookline Town PUMA, MA but are relatively concentrated in Wind River Reservation PUMA, WY.

Yearly Wage

$48,981

AVERAGE SALARY

± $7,360

In 2020, New accounts clerks earned an average of $48,981, $6,973 less than than the average national salary of $55,954.

Other therapists, including exercise physiologists make somewhat more than New accounts clerks while Meeting, convention, & event planners make somewhat less. This chart shows the various occupations closest to New accounts clerks as measured by average annual salary in the US.

Wage Distribution

0.312

WAGE GINI

In 2015, New accounts clerks had a wage GINI coefficient of 0.312, which is lower than than the national average of 0.478. In other words, wages are distributed more evenly for New accounts clerks (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 New accounts clerks.

Spatial Concentration

PUMAs with a Relatively High Concentration of New accounts clerks

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

Most Common

The most common industries employing New accounts clerks, by number of employees, are Banking & related activities, Savings institutions, including credit unions , Nondepository credit & related activities, and Securities, commodities, funds, trusts & other financial investments.

Highest Paying

The highest paying industries for New accounts clerks, by average wage, are Securities, commodities, funds, trusts & other financial investments, Banking & related activities, and Nondepository credit & related activities.

Industries by Share

15.2k

2020 Workforce

± 3,027

1.77%

1 YEAR GROWTH

± 27.8%

The number of people employed as New accounts clerks has been growing at a rate of 1.77%, from 14,938 people in 2019 to 15,203 people in 2020.

This graphic shows the share of New accounts clerks employed by various industries. Banking & related activities employs the largest share of New accounts clerks at 74.4%, followed by Savings institutions, including credit unions with 15.1% and Nondepository credit & related activities with 3.63%.

Diversity

Demographic information on New accounts clerks in the US. The average age of male New accounts clerks in the workforce is 37.5 and of female New accounts clerks is 40.5, and the most common race/ethnicity for New accounts clerks is White (Non-Hispanic).

Composition by Sex

3.89k

MALE WORKFORCE

± 1,531

11.3k

FEMALE WORKFORCE

± 2,611

74.4% of New accounts clerks are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of New accounts clerks.

Race & Ethnicity

Most Common Race or Ethnicity of New accounts clerks

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

59.3% of New accounts clerks are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 12.9% of New accounts clerks, White (Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of New accounts clerks.

Age by Sex

37.5

AVERAGE MALE AGE

± 4.92

40.5

AVERAGE FEMALE AGE

± 3.06

The median age of New accounts clerks is 39.7, and Male employees are generally 3.04 years younger than than their Female counterparts.

Education

Data on higher education choices for New accounts clerks from The Department of Education and Census Bureau. The most common major for New accounts clerks is Business but a relatively high number of New accounts clerks 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 New accounts clerks from the Bureau of Labor Statistics. New accounts clerks need many skills, but most especially Active Listening, Speaking, and Reading Comprehension. The revealed comparative advantage (RCA) shows that New accounts clerks need more than the average amount of Service Orientation, Mathematics, and Speaking.

Radar Distribution

Bar Chart

Projections

Projections on job growth for New Accounts Clerks from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.71%, but New Accounts Clerks are expected to see a growth of −14.7% over the same period. This occupation is expected to grow less than the national average.

Job Growth

−14.7%

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 New Accounts Clerks. This profession is expected to grow less than than 3.71%, the average rate of national job growth.