Loan consultant demographics and statistics in the US
Loan consultant demographics research summary. Zippia estimates loan consultant demographics and statistics in the United States by using a database of 30 million profiles. Our loan consultant estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about loan consultants after extensive research and analysis:
- There are over 159,353 loan consultants currently employed in the United States.
- 42.8% of all loan consultants are women, while 57.2% are men.
- The average loan consultant age is 44 years old.
- The most common ethnicity of loan consultants is White (63.3%), followed by Hispanic or Latino (16.0%), Black or African American (9.2%) and Asian (6.4%).
- Loan consultants are most in-demand in Plymouth, MN.
- The finance industry is the highest-paying for loan consultants.
- 8% of all loan consultants are LGBT.
On this page
Loan consultant demographics by:
Loan consultant gender statistics
42.8% of loan consultants are women and 57.2% of loan consultants are men.
- Male, 57.2%
- Female, 42.8%
Loan consultant gender ratio
| Gender | Percentages |
|---|---|
| Male | 57.2% |
| Female | 42.8% |
Loan consultant gender pay gap
Women earn 89¢ for every $1 earned by men
Male income
$41,395
Female income
$37,037
Loan consultant gender ratio over time
This data breaks down the percentage of men and women in loan consultant positions over time. Currently, 42.8% of loan consultants are female.
Loan consultant gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 58.03% | 41.97% |
| 2011 | 55.73% | 44.27% |
| 2012 | 56.13% | 43.87% |
| 2013 | 57.16% | 42.84% |
| 2014 | 57.40% | 42.60% |
| 2015 | 54.84% | 45.16% |
| 2016 | 59.34% | 40.66% |
| 2017 | 57.34% | 42.66% |
| 2018 | 58.16% | 41.84% |
| 2019 | 56.07% | 43.93% |
| 2020 | 58.51% | 41.49% |
| 2021 | 57.19% | 42.81% |
Loan consultant related jobs gender ratio
We compared loan consultants 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 Consultant | 57% | 43% |
| 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 consultant demographics by race
The most common ethnicity among loan consultants is White, which makes up 63.3% of all loan consultants. Comparatively, 16.0% of loan consultants are Hispanic or Latino and 9.2% of loan consultants are Black or African American.
- White, 63.3%
- Hispanic or Latino, 16.0%
- Black or African American, 9.2%
- Asian, 6.4%
- Unknown, 4.6%
- American Indian and Alaska Native, 0.5%
Loan consultant race
| Loan consultant race | Percentages |
|---|---|
| White | 63.3% |
| Hispanic or Latino | 16.0% |
| Black or African American | 9.2% |
| Asian | 6.4% |
| Unknown | 4.6% |
| American Indian and Alaska Native | 0.5% |
Loan consultant race and ethnicity over time
See how loan consultant racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Loan consultant race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 69.46% | 9.75% | 5.35% | 13.71% |
| 2011 | 68.87% | 10.05% | 5.43% | 13.81% |
| 2012 | 68.38% | 9.62% | 6.59% | 13.21% |
| 2013 | 68.20% | 9.40% | 6.64% | 13.35% |
| 2014 | 67.44% | 9.23% | 6.25% | 14.67% |
| 2015 | 69.11% | 8.59% | 6.28% | 13.58% |
| 2016 | 69.15% | 9.66% | 6.15% | 13.39% |
| 2017 | 69.67% | 8.88% | 5.87% | 13.41% |
| 2018 | 68.67% | 8.28% | 6.34% | 14.66% |
| 2019 | 67.69% | 8.38% | 6.74% | 14.90% |
| 2020 | 66.40% | 8.93% | 5.99% | 14.62% |
| 2021 | 63.35% | 9.19% | 6.39% | 15.96% |
Loan consultant wage gap by race
According to our data, asian loan consultants have the highest average salary compared to other ethnicities. Black or african american loan consultants have the lowest average salary at $38,962.
| Ethnicity | Salary |
|---|---|
| Unknown | $42,027 |
| White | $42,284 |
| Black or African American | $38,962 |
| Asian | $43,598 |
| Hispanic or Latino | $40,263 |
Average loan consultant age
See how the average age of loan consultants varies based on ethnicity and gender.
Male
Female
Loan consultant 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 consultant age breakdown
The average age of loan consultants is 40+ years years old, representing 64% of the loan consultant population.
Loan consultant age breakdown
| Loan Consultant Years | Percentages |
|---|---|
| 40+ years | 64% |
| 30-40 years | 26% |
| 20-30 years | 10% |
Loan consultant educational attainment
The most common degree for loan consultants is bachelor's degree, with 62% of loan consultants earning that degree. The second and third most common degree levels are associate degree degree at 17% and associate degree degree at 9%.
- Bachelor's, 62%
- Associate, 17%
- High School Diploma, 9%
- Master's, 7%
- Other Degrees, 5%
Loan consultants by degree level
| Loan consultant degree | Percentages |
|---|---|
| Bachelor's | 62% |
| Associate | 17% |
| High School Diploma | 9% |
| Master's | 7% |
| Other Degrees | 5% |
Loan consultant jobs you might like
Loan consultant wage gap by degree level
According to the data, loan consultants with a Master's degree earn more than those without, at $46,152 annually. With a Bachelor's degree, loan consultants earn a median annual income of $42,876 compared to $38,623 for loan consultants with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $46,152 |
| High School Diploma or Less | $38,331 |
| Bachelor's Degree | $42,876 |
| Some College/ Associate Degree | $38,623 |
Loan consultant employment statistics
Most loan consultants work for a private in the finance industry.
Company size where loan consultants work
Below, you can see the size of companies where loan consultants work.
Loan consultant jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 6% |
| 50 - 100 employees | 21% |
| 100 - 500 employees | 24% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 26% |
| > 10,000 employees | 13% |
Loan consultant jobs by company type
Employees with the loan consultant job title have their preferences when it comes to working for a company. For instance, most loan consultants prefer to work at private companies over public companies.
Loan consultant jobs by sector
| Company type | Percentages |
|---|---|
| Education | 2% |
| Public | 28% |
| Private | 70% |
| Government | 1% |
Loan consultant jobs by industry
The most common industries for loan consultants are finance, professional and real estate.
Loan consultant industry statistics
| Industry | Percentages |
|---|---|
| Finance | 57% |
| Fortune 500 | 8% |
| Professional | 7% |
| Real Estate | 4% |
| Insurance | 3% |
| Media | 2% |
| Hospitality | 2% |
| Construction | 2% |
| Technology | 2% |
| Internet | 1% |
| Government | 1% |
| Utilities | 1% |
| Manufacturing | 1% |
| Health Care | 1% |
| Retail | 1% |
| Start-up | 1% |
| Non Profits | 1% |
| Education | 1% |
| Energy | 1% |
Loan consultant turnover and employment statistics
Loan consultant unemployment rate over time
The unemployment rate for loan consultants between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Loan consultant unemployment rate by year
| Year | Loan consultant 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 consultant tenure
The average loan consultant stays at their job for 1-2 years, based on the 3,851 loan consultants resumes in Zippia's database.
Loan consultant tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 26% |
| 1-2 years | 45% |
| 3-4 years | 16% |
| 5-7 years | 9% |
| 8-10 years | 2% |
| 11+ years | 2% |
Loan consultant LGBT ratio compared to similar jobs
Review the percent of loan consultants 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 |
|---|---|---|
| Financial Analyst Internship | 7.33% | 104,448 |
| Accounting Analyst | 7.40% | 81,097 |
| Income Tax Consultant | 7.56% | 39,838 |
| Merchandise Appraiser | 7.65% | 7,929 |
| Loan Consultant | 7.87% | - |
| Budget Officer | 12.94% | 56,413 |
| Chief Bank Examiner | 19.38% | 17,387 |
Similar loan consultant jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Financial Analyst Internship | 7.33% | 104,448 |
| Accounting Analyst | 7.40% | 81,097 |
| Income Tax Consultant | 7.56% | 39,838 |
| Merchandise Appraiser | 7.65% | 7,929 |
| Budget Officer | 12.94% | 56,413 |
| Chief Bank Examiner | 19.38% | 17,387 |
Foreign languages spoken by loan consultants
The most common foreign language among loan consultants is Spanish at 65.4%. The second-most popular foreign language spoken is French at 5.2% and Chinese is the third-most popular at 4.7%.
- Spanish, 65.4%
- French, 5.2%
- Chinese, 4.7%
- German, 3.1%
- Portuguese, 2.6%
- Other, 19.0%
Loan consultant languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 65.4% |
| French | 5.2% |
| Chinese | 4.7% |
| German | 3.1% |
| Portuguese | 2.6% |
| Other | 19.0% |
