Commercial loan officer demographics and statistics in the US
Commercial loan officer demographics research summary. Zippia estimates commercial loan officer demographics and statistics in the United States by using a database of 30 million profiles. Our commercial loan officer estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about commercial loan officers after extensive research and analysis:
- There are over 7,335 commercial loan officers currently employed in the United States.
- 26.2% of all commercial loan officers are women, while 73.8% are men.
- The average commercial loan officer age is 44 years old.
- The most common ethnicity of commercial loan officers is White (63.6%), followed by Hispanic or Latino (15.5%), Black or African American (9.3%) and Asian (6.5%).
- Commercial loan officers are most in-demand in Dallas, TX.
- Fort Lee, NJ pays an annual average wage of $82,570, the highest in the US.
- In 2022, women commercial loan officers earned 89% of what men earned.
- Rhode Island is the best state for commercial loan officers to live.
- Commercial loan officers are 55% more likely to work at private companies in comparison to public companies.
On this page
Commercial loan officer demographics by:
Commercial loan officer gender statistics
26.2% of commercial loan officers are women and 73.8% of commercial loan officers are men.
- Male, 73.8%
- Female, 26.2%
Commercial loan officer gender ratio
| Gender | Percentages |
|---|---|
| Male | 73.8% |
| Female | 26.2% |
Commercial loan officer gender pay gap
Women earn 89¢ for every $1 earned by men
Male income
$75,629
Female income
$67,411
Commercial loan officer gender ratio over time
This data breaks down the percentage of men and women in commercial loan officer positions over time. Currently, 26.2% of commercial loan officers are female.
Commercial loan officer gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 74.44% | 25.56% |
| 2011 | 72.61% | 27.39% |
| 2012 | 72.93% | 27.07% |
| 2013 | 73.75% | 26.25% |
| 2014 | 73.94% | 26.06% |
| 2015 | 71.88% | 28.12% |
| 2016 | 75.45% | 24.55% |
| 2017 | 73.89% | 26.11% |
| 2018 | 74.54% | 25.46% |
| 2019 | 72.88% | 27.12% |
| 2020 | 74.80% | 25.20% |
| 2021 | 73.78% | 26.22% |
Commercial loan officer related jobs gender ratio
We compared commercial loan officers with similar job titles to see how gender ratios vary. As you can see, renewable energy system finance specialist and chartered finance analyst have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Escrow Officer | 15% | 85% |
| Customs Verifier | 20% | 80% |
| Credit Assistant | 20% | 80% |
| Commercial Loan Officer | 74% | 26% |
| Head Analyst | 86% | 14% |
| Chartered Finance Analyst | 90% | 10% |
| Renewable Energy System Finance Specialist | 92% | 8% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Commercial loan officer demographics by race
The most common ethnicity among commercial loan officers is White, which makes up 63.6% of all commercial loan officers. Comparatively, 15.5% of commercial loan officers are Hispanic or Latino and 9.3% of commercial loan officers are Black or African American.
- White, 63.6%
- Hispanic or Latino, 15.5%
- Black or African American, 9.3%
- Asian, 6.5%
- Unknown, 4.6%
- American Indian and Alaska Native, 0.5%
Commercial loan officer race
| Commercial loan officer race | Percentages |
|---|---|
| White | 63.6% |
| Hispanic or Latino | 15.5% |
| Black or African American | 9.3% |
| Asian | 6.5% |
| Unknown | 4.6% |
| American Indian and Alaska Native | 0.5% |
Commercial loan officer race and ethnicity over time
See how commercial loan officer racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Commercial loan officer race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 69.71% | 9.89% | 5.42% | 13.24% |
| 2011 | 69.12% | 10.19% | 5.51% | 13.34% |
| 2012 | 68.63% | 9.76% | 6.67% | 12.74% |
| 2013 | 68.45% | 9.54% | 6.71% | 12.88% |
| 2014 | 67.69% | 9.37% | 6.32% | 14.20% |
| 2015 | 69.36% | 8.72% | 6.35% | 13.11% |
| 2016 | 69.39% | 9.80% | 6.22% | 12.92% |
| 2017 | 69.91% | 9.02% | 5.94% | 12.94% |
| 2018 | 68.92% | 8.41% | 6.41% | 14.19% |
| 2019 | 67.94% | 8.52% | 6.81% | 14.44% |
| 2020 | 66.65% | 9.07% | 6.06% | 14.15% |
| 2021 | 63.60% | 9.33% | 6.46% | 15.49% |
Commercial loan officer wage gap by race
According to our data, asian commercial loan officers have the highest average salary compared to other ethnicities. Black or african american commercial loan officers have the lowest average salary at $71,038.
| Ethnicity | Salary |
|---|---|
| Unknown | $76,824 |
| White | $77,311 |
| Black or African American | $71,038 |
| Asian | $79,795 |
| Hispanic or Latino | $73,491 |
Average commercial loan officer age
See how the average age of commercial loan officers varies based on ethnicity and gender.
Male
Female
Commercial loan officer age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 43 | 41 |
| White | 44 | 46 |
| Black or African American | 42.5 | 42 |
| Asian | 42 | 45 |
| Hispanic or Latino | 40.5 | 41 |
Commercial loan officer age breakdown
The average age of commercial loan officers is 40+ years years old, representing 64% of the commercial loan officer population.
Commercial loan officer age breakdown
| Commercial Loan Officer Years | Percentages |
|---|---|
| 40+ years | 64% |
| 30-40 years | 26% |
| 20-30 years | 10% |
Commercial loan officer educational attainment
The most common degree for commercial loan officers is bachelor's degree, with 76% of commercial loan officers earning that degree. The second and third most common degree levels are master's degree degree at 13% and master's degree degree at 7%.
- Bachelor's, 76%
- Master's, 13%
- Associate, 7%
- Diploma, 2%
- Other Degrees, 2%
Commercial loan officers by degree level
| Commercial loan officer degree | Percentages |
|---|---|
| Bachelor's | 76% |
| Master's | 13% |
| Associate | 7% |
| Diploma | 2% |
| Other Degrees | 2% |
Commercial loan officer jobs you might like
Commercial loan officer wage gap by degree level
According to the data, commercial loan officers with a Master's degree earn more than those without, at $84,635 annually. With a Bachelor's degree, commercial loan officers earn a median annual income of $78,430 compared to $70,398 for commercial loan officers with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $84,635 |
| High School Diploma or Less | $69,848 |
| Bachelor's Degree | $78,430 |
| Some College/ Associate Degree | $70,398 |
Commercial loan officer employment statistics
Most commercial loan officers work for a private in the finance industry.
Company size where commercial loan officers work
Below, you can see the size of companies where commercial loan officers work.
Commercial loan officer jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 3% |
| 50 - 100 employees | 23% |
| 100 - 500 employees | 32% |
| 500 - 1,000 employees | 8% |
| 1,000 - 10,000 employees | 22% |
| > 10,000 employees | 12% |
Commercial loan officer jobs by company type
Employees with the commercial loan officer job title have their preferences when it comes to working for a company. For instance, most commercial loan officers prefer to work at private companies over public companies.
Commercial loan officer jobs by sector
| Company type | Percentages |
|---|---|
| Public | 43% |
| Private | 55% |
| Government | 2% |
Commercial loan officer jobs by industry
The most common industries for commercial loan officers are finance, professional and government.
Commercial loan officer industry statistics
| Industry | Percentages |
|---|---|
| Finance | 82% |
| Fortune 500 | 5% |
| Professional | 4% |
| Government | 2% |
| Transportation | 1% |
| Energy | 1% |
| Non Profits | 1% |
| Health Care | 1% |
| Real Estate | 1% |
| Manufacturing | 1% |
Commercial loan officer turnover and employment statistics
Commercial loan officer unemployment rate over time
The unemployment rate for commercial loan officers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Commercial loan officer unemployment rate by year
| Year | Commercial loan officer unemployment rate |
|---|---|
| 2010 | 7.62% |
| 2011 | 6.08% |
| 2012 | 4.66% |
| 2013 | 3.31% |
| 2014 | 4.27% |
| 2015 | 2.27% |
| 2016 | 2.06% |
| 2017 | 1.56% |
| 2018 | 1.99% |
| 2019 | 1.92% |
| 2020 | 1.62% |
| 2021 | 2.33% |
Average commercial loan officer tenure
The average commercial loan officer stays at their job for 1-2 years, based on the 2,105 commercial loan officers resumes in Zippia's database.
Commercial loan officer tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 8% |
| 1-2 years | 40% |
| 3-4 years | 21% |
| 5-7 years | 17% |
| 8-10 years | 6% |
| 11+ years | 8% |
Commercial loan officer LGBT ratio compared to similar jobs
Review the percent of commercial loan officers 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 |
|---|---|---|
| Quantitative Analyst Internship | 7.33% | 63,642 |
| Corporate Accountant | 7.40% | 54,174 |
| Tax Agent | 7.56% | 52,089 |
| Commissioner Of Internal Revenue | 7.65% | 11,713 |
| Commercial Loan Officer | 7.87% | - |
| Budget Counselor | 12.94% | 27,963 |
| Supervisory Examiner | 19.38% | 2,115 |
Similar commercial loan officer jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Quantitative Analyst Internship | 7.33% | 63,642 |
| Corporate Accountant | 7.40% | 54,174 |
| Tax Agent | 7.56% | 52,089 |
| Commissioner Of Internal Revenue | 7.65% | 11,713 |
| Budget Counselor | 12.94% | 27,963 |
| Supervisory Examiner | 19.38% | 2,115 |
Foreign languages spoken by commercial loan officers
The most common foreign language among commercial loan officers is Spanish at 47.1%. The second-most popular foreign language spoken is French at 9.2% and Mandarin is the third-most popular at 6.9%.
- Spanish, 47.1%
- French, 9.2%
- Mandarin, 6.9%
- Portuguese, 4.6%
- Russian, 4.6%
- Other, 27.6%
Commercial loan officer languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 47.1% |
| French | 9.2% |
| Mandarin | 6.9% |
| Portuguese | 4.6% |
| Russian | 4.6% |
| Other | 27.6% |
