Financial Transactions Processing, Reserve, and Clearinghouse Activities — Average Employee Salary
The average employee in the financial transactions processing, reserve, and clearinghouse activities industry earns $176,383 per year ($84.80/hour), according to Bureau of Labor Statistics QCEW data.
What Do Financial Transactions Processing, Reserve, and Clearinghouse Activities Workers Earn?
At $176,383/year (equivalent to $84.80/hour for a full-time worker), financial transactions processing, reserve, and clearinghouse activities wages are significantly above the national average of ~$65,000.
Higher wages in this industry typically reflect specialized skills, professional certifications, or technical expertise required for the work. Employers competing for talent in this space face elevated labor costs.
The typical financial transactions processing, reserve, and clearinghouse activities business employs 14 people. These are mid-sized operations where payroll is a significant but manageable expense.
Wages as a Percentage of Revenue
For the average financial transactions processing, reserve, and clearinghouse activities business generating $26.1M/year with 14 employees at $176,383 each, total payroll represents roughly 9.5% of revenue. Labor costs are relatively low compared to revenue — other costs (materials, equipment, overhead) dominate.
What This Means for Business Owners
If you're starting or running a financial transactions processing, reserve, and clearinghouse activitiesbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $229,298/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 14 employees = ~$2,469,362/year in base payroll.
- Hourly equivalent: $84.80/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $26.1M/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full Financial Transactions Processing, Reserve, and Clearinghouse Activities revenue benchmarks →Frequently Asked Questions
- How much do financial transactions processing, reserve, and clearinghouse activities employees make?
- The average financial transactions processing, reserve, and clearinghouse activities employee earns $176,383 per year, which is equivalent to $84.80/hour for a full-time worker (2,080 hours/year). This is above the national average of approximately $65,000.
- How many people work in the financial transactions processing, reserve, and clearinghouse activities industry?
- The financial transactions processing, reserve, and clearinghouse activities industry employs 131,670 workers across 9,281 establishments in the United States. The average business in this industry has approximately 14 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).