Loan specialist demographics and statistics in the US
Loan specialist demographics research summary. Zippia estimates loan specialist demographics and statistics in the United States by using a database of 30 million profiles. Our loan specialist 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 specialists after extensive research and analysis:
- There are over 161,094 loan specialists currently employed in the United States.
- 69.1% of all loan specialists are women, while 30.9% are men.
- The average loan specialist age is 41 years old.
- The most common ethnicity of loan specialists is White (58.6%), followed by Hispanic or Latino (16.7%), Black or African American (12.7%) and Asian (7.3%).
- In 2022, women earned 96% of what men earned.
- 7% of all loan specialists are LGBT.
- Loan specialists are 61% more likely to work at private companies in comparison to public companies.
On this page
Loan specialist demographics by:
Loan specialist gender statistics
69.1% of loan specialists are women and 30.9% of loan specialists are men.
- Female, 69.1%
- Male, 30.9%
Loan specialist gender ratio
| Gender | Percentages |
|---|---|
| Female | 69.1% |
| Male | 30.9% |
Loan specialist gender pay gap
Women earn 96¢ for every $1 earned by men
Male income
$44,109
Female income
$42,152
Loan specialist gender ratio over time
This data breaks down the percentage of men and women in loan specialist positions over time. Currently, 69.1% of loan specialists are female.
Loan specialist gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 22.10% | 77.90% |
| 2011 | 25.49% | 74.51% |
| 2012 | 24.77% | 75.23% |
| 2013 | 26.64% | 73.36% |
| 2014 | 24.83% | 75.17% |
| 2015 | 27.08% | 72.92% |
| 2016 | 28.78% | 71.22% |
| 2017 | 31.06% | 68.94% |
| 2018 | 30.97% | 69.03% |
| 2019 | 28.59% | 71.41% |
| 2020 | 30.06% | 69.94% |
| 2021 | 30.94% | 69.06% |
Loan specialist related jobs gender ratio
We compared loan specialists with similar job titles to see how gender ratios vary. As you can see, technical service advisor and courtesy associate have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Loan Secretary | 4% | 96% |
| Dental Receptionist | 5% | 95% |
| Receptionist Secretary | 6% | 94% |
| Loan Specialist | 31% | 69% |
| Lead Ramp Agent | 86% | 14% |
| Courtesy Associate | 88% | 12% |
| Technical Service Advisor | 89% | 11% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Loan specialist demographics by race
The most common ethnicity among loan specialists is White, which makes up 58.6% of all loan specialists. Comparatively, 16.7% of loan specialists are Hispanic or Latino and 12.7% of loan specialists are Black or African American.
- White, 58.6%
- Hispanic or Latino, 16.7%
- Black or African American, 12.7%
- Asian, 7.3%
- Unknown, 4.3%
- American Indian and Alaska Native, 0.4%
Loan specialist race
| Loan specialist race | Percentages |
|---|---|
| White | 58.6% |
| Hispanic or Latino | 16.7% |
| Black or African American | 12.7% |
| Asian | 7.3% |
| Unknown | 4.3% |
| American Indian and Alaska Native | 0.4% |
Loan specialist race and ethnicity over time
See how loan specialist racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Loan specialist race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 62.65% | 11.76% | 6.75% | 16.46% |
| 2011 | 62.09% | 11.84% | 6.87% | 16.40% |
| 2012 | 63.61% | 12.81% | 5.80% | 15.36% |
| 2013 | 60.67% | 14.56% | 7.05% | 15.24% |
| 2014 | 61.11% | 11.33% | 7.17% | 17.88% |
| 2015 | 63.16% | 12.73% | 7.29% | 14.22% |
| 2016 | 64.65% | 10.84% | 6.39% | 15.86% |
| 2017 | 61.85% | 11.95% | 6.98% | 17.07% |
| 2018 | 63.40% | 11.58% | 7.54% | 14.80% |
| 2019 | 65.66% | 8.07% | 5.95% | 17.66% |
| 2020 | 62.25% | 10.56% | 7.71% | 15.40% |
| 2021 | 58.57% | 12.66% | 7.32% | 16.72% |
Loan specialist wage gap by race
According to our data, hispanic or latino loan specialists have the highest average salary compared to other ethnicities. Black or african american loan specialists have the lowest average salary at $39,508.
| Ethnicity | Salary |
|---|---|
| Unknown | $45,476 |
| White | $44,469 |
| Black or African American | $39,508 |
| Asian | $45,200 |
| Hispanic or Latino | $46,234 |
Average loan specialist age
See how the average age of loan specialists varies based on ethnicity and gender.
Male
Female
Loan specialist age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 32 | 43 |
| White | 34 | 43.5 |
| Black or African American | 38 | 38 |
| Asian | 41 | 45.5 |
| Hispanic or Latino | 39 | 38.5 |
Loan specialist age breakdown
The average age of loan specialists is 40+ years years old, representing 54% of the loan specialist population.
Loan specialist age breakdown
| Loan Specialist Years | Percentages |
|---|---|
| 40+ years | 54% |
| 30-40 years | 28% |
| 20-30 years | 18% |
Loan specialist educational attainment
The most common degree for loan specialists is bachelor's degree, with 51% of loan specialists earning that degree. The second and third most common degree levels are associate degree degree at 21% and associate degree degree at 16%.
- Bachelor's, 51%
- Associate, 21%
- High School Diploma, 16%
- Master's, 5%
- Other Degrees, 7%
Loan specialists by degree level
| Loan specialist degree | Percentages |
|---|---|
| Bachelor's | 51% |
| Associate | 21% |
| High School Diploma | 16% |
| Master's | 5% |
| Other Degrees | 7% |
Loan specialist jobs you might like
Loan specialist wage gap by degree level
According to the data, loan specialists with a Bachelor's degree earn more than those without, at $47,976 annually. With a High School Diploma degree, loan specialists earn a median annual income of $43,248 compared to $42,914 for loan specialists with an Associate degree.
| Education | Salary |
|---|---|
| High School Diploma or Less | $43,248 |
| Bachelor's Degree | $47,976 |
| Some College/ Associate Degree | $42,914 |
Loan specialist employment statistics
Most loan specialists work for a private in the finance industry.
Company size where loan specialists work
Below, you can see the size of companies where loan specialists work.
Loan specialist jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 4% |
| 50 - 100 employees | 15% |
| 100 - 500 employees | 19% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 35% |
| > 10,000 employees | 17% |
Loan specialist jobs by company type
Employees with the loan specialist job title have their preferences when it comes to working for a company. For instance, most loan specialists prefer to work at private companies over public companies.
Loan specialist jobs by sector
| Company type | Percentages |
|---|---|
| Education | 2% |
| Public | 35% |
| Private | 61% |
| Government | 2% |
Loan specialist jobs by industry
The most common industries for loan specialists are finance, professional and technology.
Loan specialist industry statistics
| Industry | Percentages |
|---|---|
| Finance | 67% |
| Fortune 500 | 9% |
| Professional | 8% |
| Technology | 3% |
| Education | 2% |
| Real Estate | 2% |
| Insurance | 2% |
| Media | 1% |
| Government | 1% |
| Energy | 1% |
| Non Profits | 1% |
| Manufacturing | 1% |
| Construction | 1% |
| Hospitality | 1% |
| Retail | 1% |
| Telecommunication | 1% |
Loan specialist turnover and employment statistics
Loan specialist unemployment rate over time
The unemployment rate for loan specialists between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Loan specialist unemployment rate by year
| Year | Loan specialist unemployment rate |
|---|---|
| 2010 | 11.22% |
| 2011 | 9.54% |
| 2012 | 6.27% |
| 2013 | 5.49% |
| 2014 | 7.20% |
| 2015 | 3.15% |
| 2016 | 3.20% |
| 2017 | 2.30% |
| 2018 | 2.81% |
| 2019 | 2.16% |
| 2020 | 2.86% |
| 2021 | 2.21% |
Average loan specialist tenure
The average loan specialist stays at their job for 1-2 years, based on the 11,527 loan specialists resumes in Zippia's database.
Loan specialist tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 25% |
| 1-2 years | 38% |
| 3-4 years | 15% |
| 5-7 years | 12% |
| 8-10 years | 4% |
| 11+ years | 5% |
Loan specialist LGBT ratio compared to similar jobs
Review the percent of loan specialists 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 |
|---|---|---|
| Eligibility Specialist | 6.73% | 19,944 |
| Loan Specialist | 6.78% | - |
| Business Representative | 7.19% | 197,264 |
| Indexer | 8.60% | 991 |
| Credit Reference Clerk | 8.99% | 71,280 |
| Circulation Clerk | 11.16% | 66,736 |
| Staffing Assistant | 15.31% | 20,939 |
Similar loan specialist jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Eligibility Specialist | 6.73% | 19,944 |
| Business Representative | 7.19% | 197,264 |
| Indexer | 8.60% | 991 |
| Credit Reference Clerk | 8.99% | 71,280 |
| Circulation Clerk | 11.16% | 66,736 |
| Staffing Assistant | 15.31% | 20,939 |
Foreign languages spoken by loan specialists
The most common foreign language among loan specialists is Spanish at 67.5%. The second-most popular foreign language spoken is French at 6.1% and German is the third-most popular at 3.3%.
- Spanish, 67.5%
- French, 6.1%
- German, 3.3%
- Russian, 2.6%
- Mandarin, 2.6%
- Other, 17.9%
Loan specialist languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 67.5% |
| French | 6.1% |
| German | 3.3% |
| Russian | 2.6% |
| Mandarin | 2.6% |
| Other | 17.9% |
