Banker demographics and statistics in the US
Banker demographics research summary. Zippia estimates banker demographics and statistics in the United States by using a database of 30 million profiles. Our banker estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about bankers after extensive research and analysis:
- There are over 141,062 bankers currently employed in the United States.
- 53.7% of all bankers are women, while 46.3% are men.
- The average banker age is 43 years old.
- The most common ethnicity of bankers is White (66.5%), followed by Asian (12.3%), Hispanic or Latino (11.4%) and Black or African American (5.5%).
- Bankers are most in-demand in San Francisco, CA.
- New York, NY pays an annual average wage of $95,822, the highest in the US.
- In 2022, women bankers earned 86% of what men earned.
- New York is the best state for bankers to live.
- Bankers are 56% more likely to work at private companies in comparison to public companies.
On this page
Banker demographics by:
Banker gender statistics
53.7% of bankers are women and 46.3% of bankers are men.
- Female, 53.7%
- Male, 46.3%
Banker gender ratio
| Gender | Percentages |
|---|---|
| Female | 53.7% |
| Male | 46.3% |
Banker gender pay gap
Women earn 86¢ for every $1 earned by men
Male income
$41,209
Female income
$35,251
Banker gender ratio over time
This data breaks down the percentage of men and women in banker positions over time. Currently, 53.7% of bankers are female.
Banker gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 40.21% | 59.79% |
| 2011 | 38.23% | 61.77% |
| 2012 | 40.03% | 59.97% |
| 2013 | 39.72% | 60.28% |
| 2014 | 39.01% | 60.99% |
| 2015 | 40.48% | 59.52% |
| 2016 | 41.37% | 58.63% |
| 2017 | 40.73% | 59.27% |
| 2018 | 42.07% | 57.93% |
| 2019 | 45.60% | 54.40% |
| 2020 | 45.33% | 54.67% |
| 2021 | 46.29% | 53.71% |
Banker related jobs gender ratio
We compared bankers with similar job titles to see how gender ratios vary. As you can see, proprietary trader and floor trader have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Insurance Follow Up Representative | 11% | 89% |
| Insurance Verification Specialist | 11% | 89% |
| Commercial Lines Account Manager | 13% | 87% |
| Banker | 46% | 54% |
| Futures Trader | 94% | 6% |
| Floor Trader | 95% | 5% |
| Proprietary Trader | 96% | 4% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Banker demographics by race
The most common ethnicity among bankers is White, which makes up 66.5% of all bankers. Comparatively, 12.3% of bankers are Asian and 11.4% of bankers are Hispanic or Latino.
- White, 66.5%
- Asian, 12.3%
- Hispanic or Latino, 11.4%
- Black or African American, 5.5%
- Unknown, 4.1%
- American Indian and Alaska Native, 0.2%
Banker race
| Banker race | Percentages |
|---|---|
| White | 66.5% |
| Asian | 12.3% |
| Hispanic or Latino | 11.4% |
| Black or African American | 5.5% |
| Unknown | 4.1% |
| American Indian and Alaska Native | 0.2% |
Banker race and ethnicity over time
See how banker racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Banker race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 73.93% | 6.14% | 8.26% | 10.15% |
| 2011 | 74.05% | 5.76% | 9.09% | 9.65% |
| 2012 | 72.41% | 5.82% | 9.13% | 11.24% |
| 2013 | 72.87% | 5.08% | 9.75% | 10.22% |
| 2014 | 73.32% | 5.53% | 9.45% | 10.18% |
| 2015 | 72.95% | 5.66% | 9.73% | 9.80% |
| 2016 | 71.43% | 5.35% | 10.05% | 11.37% |
| 2017 | 71.72% | 5.21% | 9.83% | 11.14% |
| 2018 | 69.88% | 5.23% | 11.28% | 11.28% |
| 2019 | 71.76% | 5.57% | 10.61% | 10.18% |
| 2020 | 68.77% | 5.54% | 10.43% | 11.72% |
| 2021 | 66.45% | 5.49% | 12.32% | 11.40% |
Banker wage gap by race
According to our data, unknown bankers have the highest average salary compared to other ethnicities. Black or african american bankers have the lowest average salary at $35,995.
| Ethnicity | Salary |
|---|---|
| Unknown | $44,733 |
| White | $44,198 |
| Black or African American | $35,995 |
| Asian | $43,063 |
| Hispanic or Latino | $38,778 |
Average banker age
See how the average age of bankers varies based on ethnicity and gender.
Male
Female
Banker age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 40 | 48.5 |
| White | 43 | 47 |
| Black or African American | 40.5 | 47 |
| Asian | 42 | 37.5 |
| Hispanic or Latino | 37 | 42 |
Banker age breakdown
The average age of bankers is 40+ years years old, representing 58% of the banker population.
Banker age breakdown
| Banker Years | Percentages |
|---|---|
| 40+ years | 58% |
| 30-40 years | 28% |
| 20-30 years | 14% |
Banker educational attainment
The most common degree for bankers is bachelor's degree, with 56% of bankers earning that degree. The second and third most common degree levels are associate degree degree at 17% and associate degree degree at 14%.
- Bachelor's, 56%
- Associate, 17%
- High School Diploma, 14%
- Master's, 7%
- Other Degrees, 6%
Bankers by degree level
| Banker degree | Percentages |
|---|---|
| Bachelor's | 56% |
| Associate | 17% |
| High School Diploma | 14% |
| Master's | 7% |
| Other Degrees | 6% |
Banker jobs you might like
Banker wage gap by degree level
According to the data, bankers with a Master's degree earn more than those without, at $62,349 annually. With a Doctorate degree, bankers earn a median annual income of $53,474 compared to $44,379 for bankers with an Bachelor's degree.
| Education | Salary |
|---|---|
| Master's Degree | $62,349 |
| Bachelor's Degree | $44,379 |
| Doctorate Degree | $53,474 |
Banker employment statistics
Most bankers work for a private in the finance industry.
Company size where bankers work
Below, you can see the size of companies where bankers work.
Banker jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 5% |
| 50 - 100 employees | 15% |
| 100 - 500 employees | 20% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 29% |
| > 10,000 employees | 22% |
Banker jobs by company type
Employees with the banker job title have their preferences when it comes to working for a company. For instance, most bankers prefer to work at private companies over public companies.
Banker jobs by sector
| Company type | Percentages |
|---|---|
| Education | 0% |
| Public | 42% |
| Private | 56% |
| Government | 2% |
Banker jobs by industry
The most common industries for bankers are finance, hospitality and professional.
Banker industry statistics
| Industry | Percentages |
|---|---|
| Finance | 56% |
| Hospitality | 11% |
| Fortune 500 | 9% |
| Professional | 4% |
| Retail | 3% |
| Technology | 3% |
| Media | 2% |
| Manufacturing | 2% |
| Real Estate | 2% |
| Internet | 1% |
| Government | 1% |
| Construction | 1% |
| Health Care | 1% |
| Start-up | 1% |
Banker turnover and employment statistics
Banker unemployment rate over time
The unemployment rate for bankers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Banker unemployment rate by year
| Year | Banker unemployment rate |
|---|---|
| 2010 | 7.50% |
| 2011 | 6.42% |
| 2012 | 6.14% |
| 2013 | 4.28% |
| 2014 | 4.90% |
| 2015 | 3.10% |
| 2016 | 4.15% |
| 2017 | 3.43% |
| 2018 | 2.39% |
| 2019 | 3.02% |
| 2020 | 4.76% |
| 2021 | 3.65% |
Average banker tenure
The average banker stays at their job for 1-2 years, based on the 10,270 bankers resumes in Zippia's database.
Banker tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 21% |
| 1-2 years | 39% |
| 3-4 years | 14% |
| 5-7 years | 15% |
| 8-10 years | 6% |
| 11+ years | 6% |
Banker LGBT ratio compared to similar jobs
Review the percent of bankers that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Traffic Representative | 5.13% | 8,773 |
| Banker | 5.67% | - |
| Agent | 6.79% | 184,325 |
| Digital Account Executive | 9.53% | 115,671 |
| Corporate Travel Consultant | 17.39% | 19,151 |
Similar banker jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Traffic Representative | 5.13% | 8,773 |
| Agent | 6.79% | 184,325 |
| Digital Account Executive | 9.53% | 115,671 |
| Corporate Travel Consultant | 17.39% | 19,151 |
Foreign languages spoken by bankers
The most common foreign language among bankers is Spanish at 55.7%. The second-most popular foreign language spoken is French at 7.3% and Arabic is the third-most popular at 5.9%.
- Spanish, 55.7%
- French, 7.3%
- Arabic, 5.9%
- German, 4.1%
- Mandarin, 4.1%
- Other, 22.9%
Banker languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 55.7% |
| French | 7.3% |
| Arabic | 5.9% |
| German | 4.1% |
| Mandarin | 4.1% |
| Other | 22.9% |
