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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
$38,740
25th Percentile Wage
$47,760
50th Percentile Wage
$59,570
75th Percentile Wage
$74,150
90th Percentile Wage
$90,850

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 $90,850. The median annual salary (50th percentile) is $59,570. The average annual salary for the bottom 10 percent paid paralegals and legal assistants is $38,740.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of paralegals and legal assistants in the industry sector of finance and insurance from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201659,5701.06%8.23%
201558,9402.87%-
201457,2502.17%-
201356,0102.39%-
201254,670--

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

The average salaries of paralegals and legal assistants in 17 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 investment pools and funds industry (annual salary $51,480). 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
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$66,130
Other Financial Investment Activities
$64,250
Depository Credit Intermediation
$64,160
Activities Related to Credit Intermediation
$62,440
Insurance and Employee Benefit Funds
$60,490
Credit Intermediation and Related Activities
$59,810
Insurance Agencies and Brokerages
$59,720
Insurance Carriers
$58,540
Insurance Carriers and Related Activities
$58,210
Direct Insurance (except Life, Health, and Medical) Carriers
$57,050
Agencies, Brokerages, and Other Insurance Related Activities
$56,900
Nondepository Credit Intermediation
$55,440
Other Insurance Related Activities
$55,280
Other Nondepository Credit Intermediation
$53,920
Funds, Trusts, and Other Financial Vehicles
$51,550
Other Investment Pools and Funds
$51,480

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2016 and published in April 2017 [1].




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