Loan counselor demographics and statistics in the US
Loan counselor demographics research summary. Zippia estimates loan counselor demographics and statistics in the United States by using a database of 30 million profiles. Our loan counselor 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 counselors after extensive research and analysis:
- There are over 10,849 loan counselors currently employed in the United States.
- 62.9% of all loan counselors are women, while 37.1% are men.
- The average loan counselor age is 44 years old.
- The most common ethnicity of loan counselors is White (63.2%), followed by Hispanic or Latino (16.1%), Black or African American (9.2%) and Asian (6.4%).
- Loan counselors are most in-demand in Los Angeles, CA.
- The finance industry is the highest-paying for loan counselors.
- New York, NY pays an annual average wage of $59,094, the highest in the US.
- In 2022, women loan counselors earned 92% of what men earned.
- 8% of all loan counselors are LGBT.
- Delaware is the best state for loan counselors to live.
- Loan counselors are 65% more likely to work at private companies in comparison to public companies.
On this page
Loan counselor demographics by:
Loan counselor gender statistics
62.9% of loan counselors are women and 37.1% of loan counselors are men.
- Female, 62.9%
- Male, 37.1%
Loan counselor gender ratio
| Gender | Percentages |
|---|---|
| Female | 62.9% |
| Male | 37.1% |
Loan counselor gender pay gap
Women earn 92¢ for every $1 earned by men
Male income
$51,487
Female income
$47,185
Loan counselor gender ratio over time
This data breaks down the percentage of men and women in loan counselor positions over time. Currently, 62.9% of loan counselors are female.
Loan counselor gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 37.94% | 62.06% |
| 2011 | 35.76% | 64.24% |
| 2012 | 36.13% | 63.87% |
| 2013 | 37.10% | 62.90% |
| 2014 | 37.33% | 62.67% |
| 2015 | 34.93% | 65.07% |
| 2016 | 39.22% | 60.78% |
| 2017 | 37.27% | 62.73% |
| 2018 | 38.06% | 61.94% |
| 2019 | 36.07% | 63.93% |
| 2020 | 38.40% | 61.60% |
| 2021 | 37.13% | 62.87% |
Loan counselor related jobs gender ratio
We compared loan counselors 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 Counselor | 37% | 63% |
| 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 counselor demographics by race
The most common ethnicity among loan counselors is White, which makes up 63.2% of all loan counselors. Comparatively, 16.1% of loan counselors are Hispanic or Latino and 9.2% of loan counselors are Black or African American.
- White, 63.2%
- Hispanic or Latino, 16.1%
- Black or African American, 9.2%
- Asian, 6.4%
- Unknown, 4.6%
- American Indian and Alaska Native, 0.5%
Loan counselor race
| Loan counselor race | Percentages |
|---|---|
| White | 63.2% |
| Hispanic or Latino | 16.1% |
| Black or African American | 9.2% |
| Asian | 6.4% |
| Unknown | 4.6% |
| American Indian and Alaska Native | 0.5% |
Loan counselor race and ethnicity over time
See how loan counselor racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Loan counselor race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 69.26% | 9.81% | 5.37% | 13.82% |
| 2011 | 68.67% | 10.11% | 5.46% | 13.92% |
| 2012 | 68.19% | 9.67% | 6.62% | 13.32% |
| 2013 | 68.01% | 9.46% | 6.67% | 13.46% |
| 2014 | 67.24% | 9.28% | 6.28% | 14.78% |
| 2015 | 68.91% | 8.64% | 6.31% | 13.69% |
| 2016 | 68.95% | 9.71% | 6.17% | 13.50% |
| 2017 | 69.47% | 8.93% | 5.90% | 13.52% |
| 2018 | 68.47% | 8.33% | 6.36% | 14.77% |
| 2019 | 67.49% | 8.44% | 6.77% | 15.02% |
| 2020 | 66.20% | 8.98% | 6.02% | 14.73% |
| 2021 | 63.15% | 9.25% | 6.41% | 16.07% |
Loan counselor wage gap by race
According to our data, asian loan counselors have the highest average salary compared to other ethnicities. Black or african american loan counselors have the lowest average salary at $49,063.
| Ethnicity | Salary |
|---|---|
| Unknown | $52,116 |
| White | $52,348 |
| Black or African American | $49,063 |
| Asian | $53,658 |
| Hispanic or Latino | $50,375 |
Average loan counselor age
See how the average age of loan counselors varies based on ethnicity and gender.
Male
Female
Loan counselor 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 counselor age breakdown
The average age of loan counselors is 40+ years years old, representing 64% of the loan counselor population.
Loan counselor age breakdown
| Loan Counselor Years | Percentages |
|---|---|
| 40+ years | 64% |
| 30-40 years | 26% |
| 20-30 years | 10% |
Loan counselor educational attainment
The most common degree for loan counselors is bachelor's degree, with 49% of loan counselors earning that degree. The second and third most common degree levels are associate degree degree at 21% and associate degree degree at 17%.
- Bachelor's, 49%
- Associate, 21%
- High School Diploma, 17%
- Diploma, 5%
- Other Degrees, 8%
Loan counselors by degree level
| Loan counselor degree | Percentages |
|---|---|
| Bachelor's | 49% |
| Associate | 21% |
| High School Diploma | 17% |
| Diploma | 5% |
| Other Degrees | 8% |
Loan counselor jobs you might like
Loan counselor wage gap by degree level
According to the data, loan counselors with a Master's degree earn more than those without, at $56,105 annually. With a Bachelor's degree, loan counselors earn a median annual income of $52,914 compared to $48,740 for loan counselors with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $56,105 |
| High School Diploma or Less | $48,471 |
| Bachelor's Degree | $52,914 |
| Some College/ Associate Degree | $48,740 |
Loan counselor employment statistics
Most loan counselors work for a private in the finance industry.
Company size where loan counselors work
Below, you can see the size of companies where loan counselors work.
Loan counselor jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 8% |
| 50 - 100 employees | 17% |
| 100 - 500 employees | 22% |
| 500 - 1,000 employees | 12% |
| 1,000 - 10,000 employees | 26% |
| > 10,000 employees | 15% |
Loan counselor jobs by company type
Employees with the loan counselor job title have their preferences when it comes to working for a company. For instance, most loan counselors prefer to work at private companies over public companies.
Loan counselor jobs by sector
| Company type | Percentages |
|---|---|
| Education | 6% |
| Public | 25% |
| Private | 65% |
| Government | 3% |
Loan counselor jobs by industry
The most common industries for loan counselors are finance, professional and education.
Loan counselor industry statistics
| Industry | Percentages |
|---|---|
| Finance | 52% |
| Professional | 9% |
| Fortune 500 | 9% |
| Education | 5% |
| Technology | 4% |
| Government | 3% |
| Real Estate | 3% |
| Manufacturing | 2% |
| Retail | 2% |
| Non Profits | 2% |
| Insurance | 2% |
| Media | 1% |
| Hospitality | 1% |
| Transportation | 1% |
| Health Care | 1% |
| Energy | 1% |
Loan counselor turnover and employment statistics
Loan counselor unemployment rate over time
The unemployment rate for loan counselors between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Loan counselor unemployment rate by year
| Year | Loan counselor 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 counselor tenure
The average loan counselor stays at their job for 1-2 years, based on the 4,448 loan counselors resumes in Zippia's database.
Loan counselor tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 31% |
| 1-2 years | 39% |
| 3-4 years | 13% |
| 5-7 years | 11% |
| 8-10 years | 4% |
| 11+ years | 3% |
Loan counselor LGBT ratio compared to similar jobs
Review the percent of loan counselors 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 |
|---|---|---|
| Funding Analyst | 7.33% | 62,949 |
| Senior Internal Auditor | 7.40% | 24,545 |
| Tax Assistant | 7.56% | 29,307 |
| Customs Examiner | 7.65% | 3,143 |
| Loan Counselor | 7.87% | - |
| Budget Examiner | 12.94% | 2,896 |
| Pension Examiner | 19.38% | 2,196 |
Similar loan counselor jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Funding Analyst | 7.33% | 62,949 |
| Senior Internal Auditor | 7.40% | 24,545 |
| Tax Assistant | 7.56% | 29,307 |
| Customs Examiner | 7.65% | 3,143 |
| Budget Examiner | 12.94% | 2,896 |
| Pension Examiner | 19.38% | 2,196 |
Foreign languages spoken by loan counselors
The most common foreign language among loan counselors is Spanish at 76.5%. The second-most popular foreign language spoken is French at 6.2% and German is the third-most popular at 2.5%.
- Spanish, 76.5%
- French, 6.2%
- German, 2.5%
- Arabic, 2.5%
- Russian, 2.5%
- Other, 9.8%
Loan counselor languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 76.5% |
| French | 6.2% |
| German | 2.5% |
| Arabic | 2.5% |
| Russian | 2.5% |
| Other | 9.8% |
