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Paralegals and Legal Assistant Salary in Sector of Finance and Insurance

The salary statistics of paralegals and legal assistants in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare paralegals and legal assistant salaries in different industries within the finance and insurance sector.

Average Annual Salary of Paralegals and Legal Assistants

Percentile BracketAverage Annual Salary
10th Percentile Wage
$38,960
25th Percentile Wage
$48,620
50th Percentile Wage
$60,730
75th Percentile Wage
$75,930
90th Percentile Wage
$93,940

Table 1 shows the average annual salary for paralegals and legal assistants in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) paralegals and legal assistants is $93,940. The median annual salary (50th percentile) is $60,730. The average annual salary for the bottom 10 percent paid paralegals and legal assistants is $38,960.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of paralegals and legal assistants in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$60,730
1.91% 9.98%
2016
$59,570
1.06% -
2015
$58,940
2.87% -
2014
$57,250
2.17% -
2013
$56,010
2.39% -
2012
$54,670
- -

Compare Paralegals and Legal Assistant Salary in Different Industries within the Finance and Insurance Sector

The average salaries of paralegals and legal assistants in 19 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for paralegals and legal assistant occupations is the securities and commodity contracts intermediation and brokerage industry with an annual salary $69,680. The lowest paying industry is the other nondepository credit intermediation industry (annual salary $53,650). For detailed paralegals and legal assistant salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Securities and Commodity Contracts Intermediation and Brokerage
$69,680
Credit Intermediation and Related Activities
$65,460
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$64,590
Other Financial Investment Activities
$64,250
Depository Credit Intermediation
$64,160
Activities Related to Credit Intermediation
$62,440
Direct Health and Medical Insurance Carriers
$62,360
Insurance Agencies and Brokerages
$60,970
Insurance Carriers
$60,570
Insurance and Employee Benefit Funds
$60,490
Credit Intermediation and Related Activities
$60,240
Insurance Carriers and Related Activities
$60,210
Agencies, Brokerages, and Other Insurance Related Activities
$59,130
Direct Insurance (except Life, Health, and Medical) Carriers
$58,760
Other Insurance Related Activities
$57,740
Nondepository Credit Intermediation
$54,900
Funds, Trusts, and Other Financial Vehicles
$54,160
Other Investment Pools and Funds
$54,070
Other Nondepository Credit Intermediation
$53,650

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




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