Loan manager demographics and statistics in the US
Loan manager demographics research summary. Zippia estimates loan manager demographics and statistics in the United States by using a database of 30 million profiles. Our loan manager 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 managers after extensive research and analysis:
- There are over 11,009 loan managers currently employed in the United States.
- 53.5% of all loan managers are women, while 46.5% are men.
- The average loan manager age is 44 years old.
- The most common ethnicity of loan managers is White (63.5%), followed by Hispanic or Latino (15.9%), Black or African American (9.2%) and Asian (6.4%).
- Loan managers are most in-demand in Chicago, IL.
- The finance industry is the highest-paying for loan managers.
- Jersey City, NJ pays an annual average wage of $77,052, the highest in the US.
- In 2022, women loan managers earned 88% of what men earned.
- 8% of all loan managers are LGBT.
- New Jersey is the best state for loan managers to live.
- Loan managers are 60% more likely to work at private companies in comparison to public companies.
On this page
Loan manager demographics by:
Loan manager gender statistics
53.5% of loan managers are women and 46.5% of loan managers are men.
- Female, 53.5%
- Male, 46.5%
Loan manager gender ratio
| Gender | Percentages |
|---|---|
| Female | 53.5% |
| Male | 46.5% |
Loan manager gender pay gap
Women earn 88¢ for every $1 earned by men
Male income
$42,545
Female income
$37,504
Loan manager gender ratio over time
This data breaks down the percentage of men and women in loan manager positions over time. Currently, 53.5% of loan managers are female.
Loan manager gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 47.39% | 52.61% |
| 2011 | 45.05% | 54.95% |
| 2012 | 45.46% | 54.54% |
| 2013 | 46.49% | 53.51% |
| 2014 | 46.73% | 53.27% |
| 2015 | 44.16% | 55.84% |
| 2016 | 48.73% | 51.27% |
| 2017 | 46.68% | 53.32% |
| 2018 | 47.52% | 52.48% |
| 2019 | 45.40% | 54.60% |
| 2020 | 47.87% | 52.13% |
| 2021 | 46.53% | 53.47% |
Loan manager related jobs gender ratio
We compared loan managers 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 Manager | 47% | 53% |
| 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 manager demographics by race
The most common ethnicity among loan managers is White, which makes up 63.5% of all loan managers. Comparatively, 15.9% of loan managers are Hispanic or Latino and 9.2% of loan managers are Black or African American.
- White, 63.5%
- Hispanic or Latino, 15.9%
- Black or African American, 9.2%
- Asian, 6.4%
- Unknown, 4.6%
- American Indian and Alaska Native, 0.4%
Loan manager race
| Loan manager race | Percentages |
|---|---|
| White | 63.5% |
| Hispanic or Latino | 15.9% |
| Black or African American | 9.2% |
| Asian | 6.4% |
| Unknown | 4.6% |
| American Indian and Alaska Native | 0.4% |
Loan manager race and ethnicity over time
See how loan manager racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Loan manager race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 69.60% | 9.71% | 5.33% | 13.63% |
| 2011 | 69.01% | 10.01% | 5.41% | 13.73% |
| 2012 | 68.52% | 9.58% | 6.57% | 13.13% |
| 2013 | 68.34% | 9.36% | 6.62% | 13.27% |
| 2014 | 67.58% | 9.19% | 6.23% | 14.59% |
| 2015 | 69.25% | 8.55% | 6.26% | 13.50% |
| 2016 | 69.29% | 9.62% | 6.13% | 13.31% |
| 2017 | 69.81% | 8.84% | 5.85% | 13.33% |
| 2018 | 68.81% | 8.24% | 6.32% | 14.58% |
| 2019 | 67.83% | 8.34% | 6.72% | 14.83% |
| 2020 | 66.54% | 8.89% | 5.97% | 14.54% |
| 2021 | 63.49% | 9.16% | 6.36% | 15.88% |
Loan manager wage gap by race
According to our data, asian loan managers have the highest average salary compared to other ethnicities. Black or african american loan managers have the lowest average salary at $39,722.
| Ethnicity | Salary |
|---|---|
| Unknown | $43,283 |
| White | $43,583 |
| Black or African American | $39,722 |
| Asian | $45,121 |
| Hispanic or Latino | $41,228 |
Average loan manager age
See how the average age of loan managers varies based on ethnicity and gender.
Male
Female
Loan manager 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 manager age breakdown
The average age of loan managers is 40+ years years old, representing 64% of the loan manager population.
Loan manager age breakdown
| Loan Manager Years | Percentages |
|---|---|
| 40+ years | 64% |
| 30-40 years | 26% |
| 20-30 years | 10% |
Loan manager educational attainment
The most common degree for loan managers is bachelor's degree, with 59% of loan managers earning that degree. The second and third most common degree levels are associate degree degree at 15% and associate degree degree at 10%.
- Bachelor's, 59%
- Associate, 15%
- Master's, 10%
- High School Diploma, 9%
- Other Degrees, 7%
Loan managers by degree level
| Loan manager degree | Percentages |
|---|---|
| Bachelor's | 59% |
| Associate | 15% |
| Master's | 10% |
| High School Diploma | 9% |
| Other Degrees | 7% |
Loan manager jobs you might like
Loan manager wage gap by degree level
According to the data, loan managers with a Master's degree earn more than those without, at $48,129 annually. With a Bachelor's degree, loan managers earn a median annual income of $44,275 compared to $39,330 for loan managers with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $48,129 |
| High School Diploma or Less | $38,994 |
| Bachelor's Degree | $44,275 |
| Some College/ Associate Degree | $39,330 |
Loan manager employment statistics
Most loan managers work for a private in the finance industry.
Company size where loan managers work
Below, you can see the size of companies where loan managers work.
Loan manager jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 5% |
| 50 - 100 employees | 16% |
| 100 - 500 employees | 27% |
| 500 - 1,000 employees | 8% |
| 1,000 - 10,000 employees | 26% |
| > 10,000 employees | 19% |
Loan manager jobs by company type
Employees with the loan manager job title have their preferences when it comes to working for a company. For instance, most loan managers prefer to work at private companies over public companies.
Loan manager jobs by sector
| Company type | Percentages |
|---|---|
| Education | 4% |
| Public | 33% |
| Private | 60% |
| Government | 3% |
Loan manager jobs by industry
The most common industries for loan managers are finance, retail and education.
Loan manager industry statistics
| Industry | Percentages |
|---|---|
| Finance | 57% |
| Fortune 500 | 9% |
| Retail | 4% |
| Education | 4% |
| Manufacturing | 3% |
| Technology | 3% |
| Transportation | 2% |
| Government | 2% |
| Automotive | 2% |
| Health Care | 2% |
| Professional | 2% |
| Non Profits | 2% |
| Real Estate | 2% |
| Media | 1% |
| Internet | 1% |
| Hospitality | 1% |
| Construction | 1% |
| Energy | 1% |
| Telecommunication | 1% |
| Start-up | 1% |
| Insurance | 1% |
Loan manager turnover and employment statistics
Loan manager unemployment rate over time
The unemployment rate for loan managers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Loan manager unemployment rate by year
| Year | Loan manager 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 manager tenure
The average loan manager stays at their job for 1-2 years, based on the 2,080 loan managers resumes in Zippia's database.
Loan manager tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 15% |
| 1-2 years | 40% |
| 3-4 years | 19% |
| 5-7 years | 14% |
| 8-10 years | 5% |
| 11+ years | 7% |
Loan manager LGBT ratio compared to similar jobs
Review the percent of loan managers 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 |
|---|---|---|
| Contract Finance Analyst | 7.33% | 103,192 |
| Industrial Accountant | 7.40% | 42,226 |
| Contract Preparer | 7.56% | 8,493 |
| Tax Revenue Officer | 7.65% | 84,387 |
| Loan Manager | 7.87% | - |
| Budget Counselor | 12.94% | 27,963 |
| Finance Compliance Examiner | 19.38% | 85,381 |
Similar loan manager jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Contract Finance Analyst | 7.33% | 103,192 |
| Industrial Accountant | 7.40% | 42,226 |
| Contract Preparer | 7.56% | 8,493 |
| Tax Revenue Officer | 7.65% | 84,387 |
| Budget Counselor | 12.94% | 27,963 |
| Finance Compliance Examiner | 19.38% | 85,381 |
Foreign languages spoken by loan managers
The most common foreign language among loan managers is Spanish at 52.3%. The second-most popular foreign language spoken is French at 10.8% and Chinese is the third-most popular at 7.7%.
- Spanish, 52.3%
- French, 10.8%
- Chinese, 7.7%
- Italian, 4.6%
- Japanese, 3.1%
- Other, 21.5%
Loan manager languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 52.3% |
| French | 10.8% |
| Chinese | 7.7% |
| Italian | 4.6% |
| Japanese | 3.1% |
| Other | 21.5% |
