Credit officer demographics and statistics in the US
Credit officer demographics research summary. Zippia estimates credit officer demographics and statistics in the United States by using a database of 30 million profiles. Our credit 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 credit officers after extensive research and analysis:
- There are over 13,715 credit officers currently employed in the United States.
- 35.6% of all credit officers are women, while 64.4% are men.
- The average credit officer age is 39 years old.
- The most common ethnicity of credit officers is White (68.6%), followed by Asian (10.7%), Hispanic or Latino (9.7%) and Black or African American (8.0%).
- In 2022, women earned 90% of what men earned.
- 11% of all credit officers are LGBT.
- Credit officers are 52% more likely to work at private companies in comparison to public companies.
On this page
Credit officer demographics by:
Credit officer gender statistics
35.6% of credit officers are women and 64.4% of credit officers are men.
- Male, 64.4%
- Female, 35.6%
Credit officer gender ratio
| Gender | Percentages |
|---|---|
| Male | 64.4% |
| Female | 35.6% |
Credit officer gender pay gap
Women earn 90¢ for every $1 earned by men
Male income
$141,445
Female income
$127,485
Credit officer gender ratio over time
This data breaks down the percentage of men and women in credit officer positions over time. Currently, 35.6% of credit officers are female.
Credit officer gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 62.80% | 37.20% |
| 2011 | 63.57% | 36.43% |
| 2012 | 62.90% | 37.10% |
| 2013 | 56.65% | 43.35% |
| 2014 | 60.61% | 39.39% |
| 2015 | 57.39% | 42.61% |
| 2016 | 63.82% | 36.18% |
| 2017 | 60.73% | 39.27% |
| 2018 | 67.36% | 32.64% |
| 2019 | 61.52% | 38.48% |
| 2020 | 64.64% | 35.36% |
| 2021 | 64.41% | 35.59% |
Credit officer related jobs gender ratio
We compared credit 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% |
| Credit Officer | 64% | 36% |
| 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%
Credit officer demographics by race
The most common ethnicity among credit officers is White, which makes up 68.6% of all credit officers. Comparatively, 10.7% of credit officers are Asian and 9.7% of credit officers are Hispanic or Latino.
- White, 68.6%
- Asian, 10.7%
- Hispanic or Latino, 9.7%
- Black or African American, 8.0%
- Unknown, 2.7%
- American Indian and Alaska Native, 0.3%
Credit officer race
| Credit officer race | Percentages |
|---|---|
| White | 68.6% |
| Asian | 10.7% |
| Hispanic or Latino | 9.7% |
| Black or African American | 8.0% |
| Unknown | 2.7% |
| American Indian and Alaska Native | 0.3% |
Credit officer race and ethnicity over time
See how credit officer racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Credit officer race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 66.58% | 12.68% | 7.02% | 12.39% |
| 2011 | 67.53% | 13.96% | 8.71% | 8.48% |
| 2012 | 63.52% | 14.80% | 9.96% | 10.41% |
| 2013 | 66.90% | 12.20% | 9.03% | 10.52% |
| 2014 | 68.08% | 11.00% | 9.27% | 8.72% |
| 2015 | 67.00% | 10.83% | 9.08% | 10.17% |
| 2016 | 67.79% | 9.88% | 10.45% | 10.88% |
| 2017 | 67.08% | 9.08% | 12.32% | 9.63% |
| 2018 | 67.16% | 8.74% | 9.27% | 12.28% |
| 2019 | 63.62% | 9.43% | 10.66% | 13.65% |
| 2020 | 63.11% | 8.83% | 10.31% | 13.44% |
| 2021 | 68.61% | 8.02% | 10.72% | 9.70% |
Credit officer wage gap by race
According to our data, asian credit officers have the highest average salary compared to other ethnicities. Black or african american credit officers have the lowest average salary at $132,878.
| Ethnicity | Salary |
|---|---|
| Unknown | $144,866 |
| White | $135,310 |
| Black or African American | $132,878 |
| Asian | $155,927 |
| Hispanic or Latino | $139,403 |
Average credit officer age
See how the average age of credit officers varies based on ethnicity and gender.
Male
Female
Credit officer age by race and gender
| Race | Male age | Female age |
|---|---|---|
| White | 31 | 44 |
| Asian | 38 | |
| Hispanic or Latino | 39 |
Credit officer age breakdown
The average age of credit officers is 40+ years years old, representing 45% of the credit officer population.
Credit officer age breakdown
| Credit Officer Years | Percentages |
|---|---|
| 40+ years | 45% |
| 30-40 years | 29% |
| 20-30 years | 26% |
Credit officer educational attainment
The most common degree for credit officers is bachelor's degree, with 69% of credit officers earning that degree. The second and third most common degree levels are master's degree degree at 18% and master's degree degree at 5%.
- Bachelor's, 69%
- Master's, 18%
- Associate, 5%
- Diploma, 4%
- Other Degrees, 4%
Credit officers by degree level
| Credit officer degree | Percentages |
|---|---|
| Bachelor's | 69% |
| Master's | 18% |
| Associate | 5% |
| Diploma | 4% |
| Other Degrees | 4% |
Credit officer jobs you might like
Credit officer wage gap by degree level
| Education | Salary |
|---|---|
| Bachelor's Degree | $142,992 |
| Some College/ Associate Degree | $119,409 |
Credit officer employment statistics
Most credit officers work for a private in the finance industry.
Company size where credit officers work
Below, you can see the size of companies where credit officers work.
Credit officer jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 7% |
| 50 - 100 employees | 16% |
| 100 - 500 employees | 19% |
| 500 - 1,000 employees | 8% |
| 1,000 - 10,000 employees | 25% |
| > 10,000 employees | 25% |
Credit officer jobs by company type
Employees with the credit officer job title have their preferences when it comes to working for a company. For instance, most credit officers prefer to work at private companies over public companies.
Credit officer jobs by sector
| Company type | Percentages |
|---|---|
| Education | 0% |
| Public | 45% |
| Private | 52% |
| Government | 3% |
Credit officer jobs by industry
The most common industries for credit officers are finance, real estate and manufacturing.
Credit officer industry statistics
| Industry | Percentages |
|---|---|
| Finance | 67% |
| Fortune 500 | 12% |
| Real Estate | 3% |
| Manufacturing | 2% |
| Health Care | 2% |
| Professional | 2% |
| Technology | 2% |
| Media | 1% |
| Hospitality | 1% |
| Transportation | 1% |
| Government | 1% |
| Automotive | 1% |
| Retail | 1% |
| Telecommunication | 1% |
| Energy | 1% |
Credit officer turnover and employment statistics
Credit officer unemployment rate over time
The unemployment rate for credit officers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Credit officer unemployment rate by year
| Year | Credit officer unemployment rate |
|---|---|
| 2010 | 2.22% |
| 2011 | 6.51% |
| 2012 | 5.64% |
| 2013 | 3.44% |
| 2014 | 2.78% |
| 2015 | 2.50% |
| 2016 | 2.24% |
| 2017 | 2.46% |
| 2018 | 1.40% |
| 2019 | 1.38% |
| 2020 | 2.24% |
| 2021 | 1.18% |
Average credit officer tenure
The average credit officer stays at their job for 1-2 years, based on the 2,190 credit officers resumes in Zippia's database.
Credit officer tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 12% |
| 1-2 years | 39% |
| 3-4 years | 21% |
| 5-7 years | 14% |
| 8-10 years | 5% |
| 11+ years | 8% |
Credit officer LGBT ratio compared to similar jobs
Review the percent of credit 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 |
|---|---|---|
| Investment Banking Analyst | 7.33% | 52,791 |
| Traveling Accountant | 7.40% | 40,885 |
| Tax Preparer | 7.56% | 41,736 |
| Internal Revenue Agent | 7.65% | 35,750 |
| Credit Officer | 11.03% | - |
| Cost Analyst | 12.94% | 60,034 |
| Supervisory Examiner | 19.38% | 2,115 |
Similar credit officer jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Investment Banking Analyst | 7.33% | 52,791 |
| Traveling Accountant | 7.40% | 40,885 |
| Tax Preparer | 7.56% | 41,736 |
| Internal Revenue Agent | 7.65% | 35,750 |
| Cost Analyst | 12.94% | 60,034 |
| Supervisory Examiner | 19.38% | 2,115 |
Foreign languages spoken by credit officers
The most common foreign language among credit officers is Spanish at 31.9%. The second-most popular foreign language spoken is French at 14.5% and Arabic is the third-most popular at 8.7%.
- Spanish, 31.9%
- French, 14.5%
- Arabic, 8.7%
- Chinese, 7.2%
- Mandarin, 6.5%
- Other, 31.2%
Credit officer languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 31.9% |
| French | 14.5% |
| Arabic | 8.7% |
| Chinese | 7.2% |
| Mandarin | 6.5% |
| Other | 31.2% |
