Loan approver demographics and statistics in the US
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Loan approver demographics by:
Loan approver gender statistics
65.0% of loan approvers are women and 35.0% of loan approvers are men.
- Female, 65.0%
- Male, 35.0%
Loan approver gender ratio
| Gender | Percentages |
|---|---|
| Female | 65.0% |
| Male | 35.0% |
Loan approver gender pay gap
Women earn 87¢ for every $1 earned by men
Male income
$48,627
Female income
$42,085
Loan approver gender ratio over time
This data breaks down the percentage of men and women in loan approver positions over time. Currently, 65.0% of loan approvers are female.
Loan approver gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 35.79% | 64.21% |
| 2011 | 33.66% | 66.34% |
| 2012 | 34.03% | 65.97% |
| 2013 | 34.97% | 65.03% |
| 2014 | 35.19% | 64.81% |
| 2015 | 32.86% | 67.14% |
| 2016 | 37.04% | 62.96% |
| 2017 | 35.14% | 64.86% |
| 2018 | 35.91% | 64.09% |
| 2019 | 33.97% | 66.03% |
| 2020 | 36.23% | 63.77% |
| 2021 | 35.00% | 65.00% |
Loan approver related jobs gender ratio
We compared loan approvers 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% |
| Loan Approver | 35% | 65% |
| 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%
Loan approver demographics by race
The most common ethnicity among loan approvers is White, which makes up 71.8% of all loan approvers. Comparatively, 11.2% of loan approvers are Hispanic or Latino and 6.9% of loan approvers are Black or African American.
- White, 71.8%
- Hispanic or Latino, 11.2%
- Black or African American, 6.9%
- Asian, 5.2%
- Unknown, 4.5%
- American Indian and Alaska Native, 0.4%
Loan approver race
| Loan approver race | Percentages |
|---|---|
| White | 71.8% |
| Hispanic or Latino | 11.2% |
| Black or African American | 6.9% |
| Asian | 5.2% |
| Unknown | 4.5% |
| American Indian and Alaska Native | 0.4% |
Loan approver race and ethnicity over time
See how loan approver racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Loan approver race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 77.95% | 7.42% | 4.11% | 8.92% |
| 2011 | 77.37% | 7.72% | 4.20% | 9.02% |
| 2012 | 76.88% | 7.29% | 5.36% | 8.43% |
| 2013 | 76.70% | 7.07% | 5.41% | 8.57% |
| 2014 | 75.94% | 6.90% | 5.02% | 9.89% |
| 2015 | 77.61% | 6.26% | 5.05% | 8.79% |
| 2016 | 77.64% | 7.33% | 4.91% | 8.61% |
| 2017 | 78.16% | 6.55% | 4.64% | 8.63% |
| 2018 | 77.17% | 5.95% | 5.11% | 9.87% |
| 2019 | 76.18% | 6.05% | 5.51% | 10.12% |
| 2020 | 74.90% | 6.60% | 4.76% | 9.84% |
| 2021 | 71.84% | 6.86% | 5.15% | 11.18% |
Loan approver wage gap by race
| Ethnicity | Salary |
|---|---|
| Unknown | $49,595 |
| White | $49,989 |
| Black or African American | $44,949 |
| Asian | $52,015 |
| Hispanic or Latino | $46,907 |
Average loan approver age
See how the average age of loan approvers varies based on ethnicity and gender.
Male
Female
Loan approver 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 |
Loan approver age breakdown
The average age of loan approvers is 40+ years years old, representing 64% of the loan approver population.
Loan approver age breakdown
| Loan Approver Years | Percentages |
|---|---|
| 40+ years | 64% |
| 30-40 years | 26% |
| 20-30 years | 10% |
Loan approver educational attainment
- Bachelor's, 50%
- High School Diploma, 20%
- Diploma, 20%
- Associate, 10%
Loan approvers by degree level
| Loan approver degree | Percentages |
|---|---|
| Bachelor's | 50% |
| High School Diploma | 20% |
| Diploma | 20% |
| Associate | 10% |
Loan approver jobs you might like
Loan approver wage gap by degree level
| Education | Salary |
|---|---|
| Master's Degree | $56,008 |
| High School Diploma or Less | $44,006 |
| Bachelor's Degree | $50,900 |
| Some College/ Associate Degree | $44,441 |
Loan approver employment statistics
Company size where loan approvers work
Below, you can see the size of companies where loan approvers work.
Loan approver jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 8% |
| 50 - 100 employees | 17% |
| 100 - 500 employees | 17% |
| 1,000 - 10,000 employees | 8% |
| > 10,000 employees | 50% |
Loan approver turnover and employment statistics
Loan approver unemployment rate over time
The unemployment rate for loan approvers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Loan approver unemployment rate by year
| Year | Loan approver 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 loan approver tenure
The average loan approver stays at their job for 1-2 years, based on the 23 loan approvers resumes in Zippia's database.
Loan approver tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 26% |
| 1-2 years | 39% |
| 3-4 years | 4% |
| 5-7 years | 17% |
| 8-10 years | 0% |
| 11+ years | 13% |
Loan approver LGBT ratio compared to similar jobs
Review the percent of loan approvers 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 |
|---|---|---|
| Corporate Securities Research Analyst | 7.33% | 71,907 |
| Auditor-In-Charge | 7.40% | 63,534 |
| Income Tax Expert | 7.56% | 34,945 |
| Merchandise Appraiser | 7.65% | 7,929 |
| Loan Approver | 7.87% | - |
| Budget And Policy Analyst | 12.94% | 2,451 |
| Credit Union Examiner | 19.38% | 7,440 |
Similar loan approver jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Corporate Securities Research Analyst | 7.33% | 71,907 |
| Auditor-In-Charge | 7.40% | 63,534 |
| Income Tax Expert | 7.56% | 34,945 |
| Merchandise Appraiser | 7.65% | 7,929 |
| Budget And Policy Analyst | 12.94% | 2,451 |
| Credit Union Examiner | 19.38% | 7,440 |
Foreign languages spoken by loan approvers
- Spanish, 66.7%
- Chinese, 33.3%
Loan approver languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 66.7% |
| Chinese | 33.3% |