Loan broker demographics and statistics in the US
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Loan broker demographics by:
Loan broker gender statistics
41.2% of loan brokers are women and 58.8% of loan brokers are men.
- Male, 58.8%
- Female, 41.2%
Loan broker gender ratio
| Gender | Percentages |
|---|---|
| Male | 58.8% |
| Female | 41.2% |
Loan broker gender pay gap
Women earn 88¢ for every $1 earned by men
Male income
$128,588
Female income
$113,399
Loan broker gender ratio over time
This data breaks down the percentage of men and women in loan broker positions over time. Currently, 41.2% of loan brokers are female.
Loan broker gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 59.59% | 40.41% |
| 2011 | 57.31% | 42.69% |
| 2012 | 57.71% | 42.29% |
| 2013 | 58.73% | 41.27% |
| 2014 | 58.96% | 41.04% |
| 2015 | 56.42% | 43.58% |
| 2016 | 60.88% | 39.12% |
| 2017 | 58.91% | 41.09% |
| 2018 | 59.72% | 40.28% |
| 2019 | 57.65% | 42.35% |
| 2020 | 60.06% | 39.94% |
| 2021 | 58.76% | 41.24% |
Loan broker related jobs gender ratio
We compared loan brokers 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 Broker | 59% | 41% |
| 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 broker demographics by race
The most common ethnicity among loan brokers is White, which makes up 63.8% of all loan brokers. Comparatively, 15.7% of loan brokers are Hispanic or Latino and 9.1% of loan brokers are Black or African American.
- White, 63.8%
- Hispanic or Latino, 15.7%
- Black or African American, 9.1%
- Asian, 6.2%
- Unknown, 4.6%
- American Indian and Alaska Native, 0.6%
Loan broker race
| Loan broker race | Percentages |
|---|---|
| White | 63.8% |
| Hispanic or Latino | 15.7% |
| Black or African American | 9.1% |
| Asian | 6.2% |
| Unknown | 4.6% |
| American Indian and Alaska Native | 0.6% |
Loan broker race and ethnicity over time
See how loan broker racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Loan broker race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 69.92% | 9.65% | 5.21% | 13.50% |
| 2011 | 69.33% | 9.95% | 5.29% | 13.60% |
| 2012 | 68.84% | 9.52% | 6.45% | 13.00% |
| 2013 | 68.66% | 9.30% | 6.50% | 13.14% |
| 2014 | 67.90% | 9.13% | 6.11% | 14.46% |
| 2015 | 69.57% | 8.48% | 6.14% | 13.37% |
| 2016 | 69.61% | 9.56% | 6.01% | 13.18% |
| 2017 | 70.13% | 8.78% | 5.73% | 13.20% |
| 2018 | 69.13% | 8.17% | 6.20% | 14.45% |
| 2019 | 68.15% | 8.28% | 6.60% | 14.69% |
| 2020 | 66.86% | 8.83% | 5.85% | 14.41% |
| 2021 | 63.81% | 9.09% | 6.25% | 15.75% |
Loan broker wage gap by race
According to our data, asian loan brokers have the highest average salary compared to other ethnicities. Black or african american loan brokers have the lowest average salary at $120,083.
| Ethnicity | Salary |
|---|---|
| Unknown | $130,811 |
| White | $131,716 |
| Black or African American | $120,083 |
| Asian | $136,348 |
| Hispanic or Latino | $124,621 |
Average loan broker age
See how the average age of loan brokers varies based on ethnicity and gender.
Male
Female
Loan broker 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 broker age breakdown
The average age of loan brokers is 40+ years years old, representing 64% of the loan broker population.
Loan broker age breakdown
| Loan Broker Years | Percentages |
|---|---|
| 40+ years | 64% |
| 30-40 years | 26% |
| 20-30 years | 10% |
Loan broker educational attainment
The most common degree for loan brokers is bachelor's degree, with 59% of loan brokers earning that degree. The second and third most common degree levels are associate degree degree at 14% and associate degree degree at 11%.
- Bachelor's, 59%
- Associate, 14%
- High School Diploma, 11%
- Master's, 10%
- Other Degrees, 6%
Loan brokers by degree level
| Loan broker degree | Percentages |
|---|---|
| Bachelor's | 59% |
| Associate | 14% |
| High School Diploma | 11% |
| Master's | 10% |
| Other Degrees | 6% |
Loan broker jobs you might like
Loan broker wage gap by degree level
According to the data, loan brokers with a Master's degree earn more than those without, at $145,410 annually. With a Bachelor's degree, loan brokers earn a median annual income of $133,800 compared to $118,901 for loan brokers with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $145,410 |
| High School Diploma or Less | $117,887 |
| Bachelor's Degree | $133,800 |
| Some College/ Associate Degree | $118,901 |
Loan broker employment statistics
Most loan brokers work for a private in the finance industry.
Company size where loan brokers work
Below, you can see the size of companies where loan brokers work.
Loan broker jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 18% |
| 50 - 100 employees | 21% |
| 100 - 500 employees | 24% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 15% |
| > 10,000 employees | 14% |
Loan broker jobs by company type
Employees with the loan broker job title have their preferences when it comes to working for a company. For instance, most loan brokers prefer to work at private companies over public companies.
Loan broker jobs by sector
| Company type | Percentages |
|---|---|
| Public | 27% |
| Private | 69% |
| Government | 4% |
Loan broker jobs by industry
The most common industries for loan brokers are finance, professional and retail.
Loan broker industry statistics
| Industry | Percentages |
|---|---|
| Finance | 46% |
| Fortune 500 | 7% |
| Professional | 7% |
| Retail | 7% |
| Manufacturing | 6% |
| Real Estate | 5% |
| Government | 4% |
| Start-up | 4% |
| Health Care | 4% |
| Hospitality | 2% |
| Insurance | 2% |
| Automotive | 1% |
| Non Profits | 1% |
| Construction | 1% |
| Technology | 1% |
Loan broker turnover and employment statistics
Loan broker unemployment rate over time
The unemployment rate for loan brokers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Loan broker unemployment rate by year
| Year | Loan broker 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 broker tenure
The average loan broker stays at their job for 1-2 years, based on the 293 loan brokers resumes in Zippia's database.
Loan broker tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 14% |
| 1-2 years | 36% |
| 3-4 years | 14% |
| 5-7 years | 18% |
| 8-10 years | 8% |
| 11+ years | 11% |
Loan broker LGBT ratio compared to similar jobs
Review the percent of loan brokers 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 |
|---|---|---|
| Energy Efficiency Finance Manager | 7.33% | 70,826 |
| Accountant Internship | 7.40% | 82,924 |
| Income Tax Expert | 7.56% | 34,945 |
| Tax Compliance Officer | 7.65% | 95,304 |
| Loan Broker | 7.87% | - |
| Budget Engineer | 12.94% | 963 |
| Community Reinvestment ACT Officer | 19.38% | 66,311 |
Similar loan broker jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Energy Efficiency Finance Manager | 7.33% | 70,826 |
| Accountant Internship | 7.40% | 82,924 |
| Income Tax Expert | 7.56% | 34,945 |
| Tax Compliance Officer | 7.65% | 95,304 |
| Budget Engineer | 12.94% | 963 |
| Community Reinvestment ACT Officer | 19.38% | 66,311 |
Foreign languages spoken by loan brokers
The most common foreign language among loan brokers is Spanish at 46.2%. The second-most popular foreign language spoken is Chinese at 15.4% and Mandarin is the third-most popular at 15.4%.
- Spanish, 46.2%
- Chinese, 15.4%
- Mandarin, 15.4%
- Cheyenne, 7.7%
- Hebrew, 7.7%
- Other, 7.6%
Loan broker languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 46.2% |
| Chinese | 15.4% |
| Mandarin | 15.4% |
| Cheyenne | 7.7% |
| Hebrew | 7.7% |
| Other | 7.6% |