Consumer loan officer demographics and statistics in the US
Consumer loan officer demographics research summary. Zippia estimates consumer loan officer demographics and statistics in the United States by using a database of 30 million profiles. Our consumer 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 consumer loan officers after extensive research and analysis:
- There are over 108,289 consumer loan officers currently employed in the United States.
- 51.1% of all consumer loan officers are women, while 48.9% are men.
- The average consumer loan officer age is 44 years old.
- The most common ethnicity of consumer loan officers is White (63.5%), followed by Hispanic or Latino (15.6%), Black or African American (9.4%) and Asian (6.5%).
- In 2022, women earned 90% of what men earned.
- 8% of all consumer loan officers are LGBT.
- Consumer loan officers are 62% more likely to work at private companies in comparison to public companies.
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Consumer loan officer demographics by:
Consumer loan officer gender statistics
51.1% of consumer loan officers are women and 48.9% of consumer loan officers are men.
- Female, 51.1%
- Male, 48.9%
Consumer loan officer gender ratio
| Gender | Percentages |
|---|---|
| Female | 51.1% |
| Male | 48.9% |
Consumer loan officer gender pay gap
Women earn 90¢ for every $1 earned by men
Male income
$89,749
Female income
$80,838
Consumer loan officer gender ratio over time
This data breaks down the percentage of men and women in consumer loan officer positions over time. Currently, 51.1% of consumer loan officers are female.
Consumer loan officer gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 49.79% | 50.21% |
| 2011 | 47.44% | 52.56% |
| 2012 | 47.85% | 52.15% |
| 2013 | 48.89% | 51.11% |
| 2014 | 49.13% | 50.87% |
| 2015 | 46.54% | 53.46% |
| 2016 | 51.13% | 48.87% |
| 2017 | 49.08% | 50.92% |
| 2018 | 49.92% | 50.08% |
| 2019 | 47.79% | 52.21% |
| 2020 | 50.27% | 49.73% |
| 2021 | 48.92% | 51.08% |
Consumer loan officer related jobs gender ratio
We compared consumer 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% |
| Consumer Loan Officer | 49% | 51% |
| 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%
Consumer loan officer demographics by race
The most common ethnicity among consumer loan officers is White, which makes up 63.5% of all consumer loan officers. Comparatively, 15.6% of consumer loan officers are Hispanic or Latino and 9.4% of consumer loan officers are Black or African American.
- White, 63.5%
- Hispanic or Latino, 15.6%
- Black or African American, 9.4%
- Asian, 6.5%
- Unknown, 4.6%
- American Indian and Alaska Native, 0.4%
Consumer loan officer race
| Consumer loan officer race | Percentages |
|---|---|
| White | 63.5% |
| Hispanic or Latino | 15.6% |
| Black or African American | 9.4% |
| Asian | 6.5% |
| Unknown | 4.6% |
| American Indian and Alaska Native | 0.4% |
Consumer loan officer race and ethnicity over time
See how consumer loan officer racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Consumer loan officer race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 69.57% | 9.93% | 5.44% | 13.31% |
| 2011 | 68.99% | 10.23% | 5.53% | 13.41% |
| 2012 | 68.50% | 9.80% | 6.69% | 12.81% |
| 2013 | 68.32% | 9.58% | 6.74% | 12.95% |
| 2014 | 67.55% | 9.41% | 6.34% | 14.27% |
| 2015 | 69.23% | 8.77% | 6.37% | 13.18% |
| 2016 | 69.26% | 9.84% | 6.24% | 12.99% |
| 2017 | 69.78% | 9.06% | 5.96% | 13.01% |
| 2018 | 68.79% | 8.46% | 6.43% | 14.26% |
| 2019 | 67.80% | 8.56% | 6.83% | 14.50% |
| 2020 | 66.52% | 9.11% | 6.09% | 14.22% |
| 2021 | 63.46% | 9.37% | 6.48% | 15.56% |
Consumer loan officer wage gap by race
According to our data, asian consumer loan officers have the highest average salary compared to other ethnicities. Black or african american consumer loan officers have the lowest average salary at $84,783.
| Ethnicity | Salary |
|---|---|
| Unknown | $91,038 |
| White | $91,562 |
| Black or African American | $84,783 |
| Asian | $94,233 |
| Hispanic or Latino | $87,440 |
Average consumer loan officer age
See how the average age of consumer loan officers varies based on ethnicity and gender.
Male
Female
Consumer 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 |
Consumer loan officer age breakdown
The average age of consumer loan officers is 40+ years years old, representing 64% of the consumer loan officer population.
Consumer loan officer age breakdown
| Consumer Loan Officer Years | Percentages |
|---|---|
| 40+ years | 64% |
| 30-40 years | 26% |
| 20-30 years | 10% |
Consumer loan officer educational attainment
The most common degree for consumer loan officers is bachelor's degree, with 66% of consumer loan officers earning that degree. The second and third most common degree levels are associate degree degree at 17% and associate degree degree at 8%.
- Bachelor's, 66%
- Associate, 17%
- High School Diploma, 8%
- Master's, 5%
- Other Degrees, 4%
Consumer loan officers by degree level
| Consumer loan officer degree | Percentages |
|---|---|
| Bachelor's | 66% |
| Associate | 17% |
| High School Diploma | 8% |
| Master's | 5% |
| Other Degrees | 4% |
Consumer loan officer jobs you might like
Consumer loan officer wage gap by degree level
According to the data, consumer loan officers with a Master's degree earn more than those without, at $99,414 annually. With a Bachelor's degree, consumer loan officers earn a median annual income of $92,766 compared to $84,088 for consumer loan officers with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $99,414 |
| High School Diploma or Less | $83,491 |
| Bachelor's Degree | $92,766 |
| Some College/ Associate Degree | $84,088 |
Consumer loan officer employment statistics
Most consumer loan officers work for a private in the finance industry.
Company size where consumer loan officers work
Below, you can see the size of companies where consumer loan officers work.
Consumer loan officer jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 7% |
| 50 - 100 employees | 24% |
| 100 - 500 employees | 30% |
| 500 - 1,000 employees | 10% |
| 1,000 - 10,000 employees | 17% |
| > 10,000 employees | 13% |
Consumer loan officer jobs by company type
Employees with the consumer loan officer job title have their preferences when it comes to working for a company. For instance, most consumer loan officers prefer to work at private companies over public companies.
Consumer loan officer jobs by sector
| Company type | Percentages |
|---|---|
| Education | 2% |
| Public | 34% |
| Private | 62% |
| Government | 2% |
Consumer loan officer jobs by industry
The most common industries for consumer loan officers are finance, professional and technology.
Consumer loan officer industry statistics
| Industry | Percentages |
|---|---|
| Finance | 74% |
| Fortune 500 | 8% |
| Professional | 3% |
| Technology | 3% |
| Manufacturing | 2% |
| Media | 1% |
| Internet | 1% |
| Government | 1% |
| Utilities | 1% |
| Retail | 1% |
| Education | 1% |
Consumer loan officer turnover and employment statistics
Consumer loan officer unemployment rate over time
The unemployment rate for consumer loan officers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Consumer loan officer unemployment rate by year
| Year | Consumer 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 consumer loan officer tenure
The average consumer loan officer stays at their job for 1-2 years, based on the 1,050 consumer loan officers resumes in Zippia's database.
Consumer loan officer tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 10% |
| 1-2 years | 35% |
| 3-4 years | 20% |
| 5-7 years | 18% |
| 8-10 years | 6% |
| 11+ years | 11% |
Consumer loan officer LGBT ratio compared to similar jobs
Review the percent of consumer 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 |
|---|---|---|
| Senior Treasury Analyst | 7.33% | 54,345 |
| Revenue Auditor | 7.40% | 21,643 |
| Tax Preparation Assistant | 7.56% | 26,792 |
| Tax Adjuster | 7.65% | 31,982 |
| Consumer Loan Officer | 7.87% | - |
| Budget And Policy Analyst | 12.94% | 2,451 |
| Pension Examiner | 19.38% | 2,196 |
Similar consumer loan officer jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Senior Treasury Analyst | 7.33% | 54,345 |
| Revenue Auditor | 7.40% | 21,643 |
| Tax Preparation Assistant | 7.56% | 26,792 |
| Tax Adjuster | 7.65% | 31,982 |
| Budget And Policy Analyst | 12.94% | 2,451 |
| Pension Examiner | 19.38% | 2,196 |
Foreign languages spoken by consumer loan officers
The most common foreign language among consumer loan officers is Spanish at 84.8%. The second-most popular foreign language spoken is German at 6.1% and Polish is the third-most popular at 3.0%.
- Spanish, 84.8%
- German, 6.1%
- Polish, 3.0%
- Slovak, 3.0%
- Italian, 3.0%
Consumer loan officer languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 84.8% |
| German | 6.1% |
| Polish | 3.0% |
| Slovak | 3.0% |
| Italian | 3.0% |
