Business banker demographics and statistics in the US
Business banker demographics research summary. Zippia estimates business banker demographics and statistics in the United States by using a database of 30 million profiles. Our business 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 business bankers after extensive research and analysis:
- There are over 42,949 business bankers currently employed in the United States.
- 36.7% of all business bankers are women, while 63.3% are men.
- The average business banker age is 43 years old.
- The most common ethnicity of business bankers is White (67.1%), followed by Asian (12.1%), Hispanic or Latino (11.1%) and Black or African American (5.4%).
- In 2022, women earned 89% of what men earned.
- 6% of all business bankers are LGBT.
- Business bankers are 48% more likely to work at public companies in comparison to private companies.
On this page
Business banker demographics by:
Business banker gender statistics
36.7% of business bankers are women and 63.3% of business bankers are men.
- Male, 63.3%
- Female, 36.7%
Business banker gender ratio
| Gender | Percentages |
|---|---|
| Male | 63.3% |
| Female | 36.7% |
Business banker gender pay gap
Women earn 89¢ for every $1 earned by men
Male income
$65,724
Female income
$58,731
Business banker gender ratio over time
This data breaks down the percentage of men and women in business banker positions over time. Currently, 36.7% of business bankers are female.
Business banker gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 57.40% | 42.60% |
| 2011 | 55.36% | 44.64% |
| 2012 | 57.21% | 42.79% |
| 2013 | 56.89% | 43.11% |
| 2014 | 56.17% | 43.83% |
| 2015 | 57.67% | 42.33% |
| 2016 | 58.56% | 41.44% |
| 2017 | 57.92% | 42.08% |
| 2018 | 59.26% | 40.74% |
| 2019 | 62.67% | 37.33% |
| 2020 | 62.42% | 37.58% |
| 2021 | 63.32% | 36.68% |
Business banker related jobs gender ratio
We compared business 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% |
| Business Banker | 63% | 37% |
| Futures Trader | 94% | 6% |
| Floor Trader | 95% | 5% |
| Proprietary Trader | 96% | 4% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Business banker demographics by race
The most common ethnicity among business bankers is White, which makes up 67.1% of all business bankers. Comparatively, 12.1% of business bankers are Asian and 11.1% of business bankers are Hispanic or Latino.
- White, 67.1%
- Asian, 12.1%
- Hispanic or Latino, 11.1%
- Black or African American, 5.4%
- Unknown, 4.1%
- American Indian and Alaska Native, 0.2%
Business banker race
| Business banker race | Percentages |
|---|---|
| White | 67.1% |
| Asian | 12.1% |
| Hispanic or Latino | 11.1% |
| Black or African American | 5.4% |
| Unknown | 4.1% |
| American Indian and Alaska Native | 0.2% |
Business banker race and ethnicity over time
See how business banker racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Business banker race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.56% | 6.03% | 8.02% | 9.88% |
| 2011 | 74.68% | 5.66% | 8.85% | 9.38% |
| 2012 | 73.04% | 5.71% | 8.89% | 10.97% |
| 2013 | 73.50% | 4.98% | 9.51% | 9.95% |
| 2014 | 73.95% | 5.43% | 9.21% | 9.91% |
| 2015 | 73.58% | 5.56% | 9.48% | 9.52% |
| 2016 | 72.06% | 5.25% | 9.80% | 11.09% |
| 2017 | 72.35% | 5.11% | 9.59% | 10.87% |
| 2018 | 70.51% | 5.13% | 11.04% | 11.01% |
| 2019 | 72.39% | 5.47% | 10.37% | 9.90% |
| 2020 | 69.40% | 5.44% | 10.19% | 11.45% |
| 2021 | 67.08% | 5.39% | 12.08% | 11.13% |
Business banker wage gap by race
According to our data, unknown business bankers have the highest average salary compared to other ethnicities. Black or african american business bankers have the lowest average salary at $59,622.
| Ethnicity | Salary |
|---|---|
| Unknown | $69,726 |
| White | $69,124 |
| Black or African American | $59,622 |
| Asian | $67,841 |
| Hispanic or Latino | $62,908 |
Average business banker age
See how the average age of business bankers varies based on ethnicity and gender.
Male
Female
Business 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 |
Business banker age breakdown
The average age of business bankers is 40+ years years old, representing 58% of the business banker population.
Business banker age breakdown
| Business Banker Years | Percentages |
|---|---|
| 40+ years | 58% |
| 30-40 years | 28% |
| 20-30 years | 14% |
Business banker educational attainment
The most common degree for business bankers is bachelor's degree, with 66% of business bankers earning that degree. The second and third most common degree levels are associate degree degree at 14% and associate degree degree at 9%.
- Bachelor's, 66%
- Associate, 14%
- Master's, 9%
- High School Diploma, 7%
- Other Degrees, 4%
Business bankers by degree level
| Business banker degree | Percentages |
|---|---|
| Bachelor's | 66% |
| Associate | 14% |
| Master's | 9% |
| High School Diploma | 7% |
| Other Degrees | 4% |
Business banker jobs you might like
Business banker wage gap by degree level
According to the data, business bankers with a Master's degree earn more than those without, at $88,567 annually. With a Doctorate degree, business bankers earn a median annual income of $79,292 compared to $69,328 for business bankers with an Bachelor's degree.
| Education | Salary |
|---|---|
| Master's Degree | $88,567 |
| Bachelor's Degree | $69,328 |
| Doctorate Degree | $79,292 |
Business banker employment statistics
Most business bankers work for a public in the finance industry.
Company size where business bankers work
Below, you can see the size of companies where business bankers work.
Business banker jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 4% |
| 50 - 100 employees | 10% |
| 100 - 500 employees | 26% |
| 500 - 1,000 employees | 10% |
| 1,000 - 10,000 employees | 28% |
| > 10,000 employees | 22% |
Business banker jobs by company type
Employees with the business banker job title have their preferences when it comes to working for a company. For instance, most business bankers prefer to work at public companies over private companies.
Business banker jobs by sector
| Company type | Percentages |
|---|---|
| Education | 2% |
| Public | 48% |
| Private | 48% |
| Government | 3% |
Business banker jobs by industry
The most common industries for business bankers are finance, professional and government.
Business banker industry statistics
| Industry | Percentages |
|---|---|
| Finance | 68% |
| Fortune 500 | 10% |
| Professional | 7% |
| Government | 2% |
| Media | 2% |
| Retail | 2% |
| Technology | 2% |
| Education | 1% |
| Real Estate | 1% |
| Hospitality | 1% |
Business banker turnover and employment statistics
Business banker unemployment rate over time
The unemployment rate for business bankers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Business banker unemployment rate by year
| Year | Business 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 business banker tenure
The average business banker stays at their job for 1-2 years, based on the 2,899 business bankers resumes in Zippia's database.
Business banker tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 12% |
| 1-2 years | 44% |
| 3-4 years | 18% |
| 5-7 years | 14% |
| 8-10 years | 6% |
| 11+ years | 6% |
Business banker LGBT ratio compared to similar jobs
Review the percent of business 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 |
|---|---|---|
| Electricity Trading Analyst | 5.13% | 17,735 |
| Business Banker | 5.67% | - |
| Insurance Sales Representative | 6.79% | 201,879 |
| Advertising Sales | 9.53% | 132,877 |
| Travel Manager | 17.39% | 4,078 |
Similar business banker jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Electricity Trading Analyst | 5.13% | 17,735 |
| Insurance Sales Representative | 6.79% | 201,879 |
| Advertising Sales | 9.53% | 132,877 |
| Travel Manager | 17.39% | 4,078 |
Foreign languages spoken by business bankers
The most common foreign language among business bankers is Spanish at 56.6%. The second-most popular foreign language spoken is French at 7.5% and Chinese is the third-most popular at 6.4%.
- Spanish, 56.6%
- French, 7.5%
- Chinese, 6.4%
- Mandarin, 5.2%
- Portuguese, 4.6%
- Other, 19.7%
Business banker languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 56.6% |
| French | 7.5% |
| Chinese | 6.4% |
| Mandarin | 5.2% |
| Portuguese | 4.6% |
| Other | 19.7% |
