Phone banker demographics and statistics in the US
Phone banker demographics research summary. Zippia estimates phone banker demographics and statistics in the United States by using a database of 30 million profiles. Our phone banker estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about phone bankers after extensive research and analysis:
- There are over 15,379 phone bankers currently employed in the United States.
- 63.9% of all phone bankers are women, while 36.1% are men.
- The average phone banker age is 43 years old.
- The most common ethnicity of phone bankers is White (66.8%), followed by Hispanic or Latino (12.2%), Asian (10.8%) and Black or African American (5.8%).
- Phone bankers are most in-demand in Hoover, AL.
- The finance industry is the highest-paying for phone bankers.
- Saint Paul, MN pays an annual average wage of $39,192, the highest in the US.
- In 2022, women phone bankers earned 96% of what men earned.
- 6% of all phone bankers are LGBT.
- New York is the best state for phone bankers to live.
- Phone bankers are 53% more likely to work at private companies in comparison to public companies.
On this page
Phone banker demographics by:
Phone banker gender statistics
63.9% of phone bankers are women and 36.1% of phone bankers are men.
- Female, 63.9%
- Male, 36.1%
Phone banker gender ratio
| Gender | Percentages |
|---|---|
| Female | 63.9% |
| Male | 36.1% |
Phone banker gender pay gap
Women earn 96¢ for every $1 earned by men
Male income
$33,800
Female income
$32,345
Phone banker gender ratio over time
This data breaks down the percentage of men and women in phone banker positions over time. Currently, 63.9% of phone bankers are female.
Phone banker gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 30.58% | 69.42% |
| 2011 | 28.85% | 71.15% |
| 2012 | 30.42% | 69.58% |
| 2013 | 30.14% | 69.86% |
| 2014 | 29.53% | 70.47% |
| 2015 | 30.81% | 69.19% |
| 2016 | 31.61% | 68.39% |
| 2017 | 31.04% | 68.96% |
| 2018 | 32.23% | 67.77% |
| 2019 | 35.44% | 64.56% |
| 2020 | 35.19% | 64.81% |
| 2021 | 36.08% | 63.92% |
Phone banker related jobs gender ratio
We compared phone bankers with similar job titles to see how gender ratios vary. As you can see, proprietary trader and floor trader have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Insurance Follow Up Representative | 11% | 89% |
| Insurance Verification Specialist | 11% | 89% |
| Commercial Lines Account Manager | 13% | 87% |
| Phone Banker | 36% | 64% |
| Futures Trader | 94% | 6% |
| Floor Trader | 95% | 5% |
| Proprietary Trader | 96% | 4% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Phone banker demographics by race
The most common ethnicity among phone bankers is White, which makes up 66.8% of all phone bankers. Comparatively, 12.2% of phone bankers are Hispanic or Latino and 10.8% of phone bankers are Asian.
- White, 66.8%
- Hispanic or Latino, 12.2%
- Asian, 10.8%
- Black or African American, 5.8%
- Unknown, 4.1%
- American Indian and Alaska Native, 0.3%
Phone banker race
| Phone banker race | Percentages |
|---|---|
| White | 66.8% |
| Hispanic or Latino | 12.2% |
| Asian | 10.8% |
| Black or African American | 5.8% |
| Unknown | 4.1% |
| American Indian and Alaska Native | 0.3% |
Phone banker race and ethnicity over time
See how phone banker racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Phone banker race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 74.29% | 6.44% | 6.75% | 10.97% |
| 2011 | 74.41% | 6.07% | 7.58% | 10.47% |
| 2012 | 72.77% | 6.13% | 7.62% | 12.06% |
| 2013 | 73.23% | 5.39% | 8.24% | 11.04% |
| 2014 | 73.68% | 5.84% | 7.94% | 11.00% |
| 2015 | 73.31% | 5.97% | 8.21% | 10.62% |
| 2016 | 71.79% | 5.66% | 8.53% | 12.19% |
| 2017 | 72.08% | 5.52% | 8.32% | 11.96% |
| 2018 | 70.24% | 5.54% | 9.77% | 12.10% |
| 2019 | 72.12% | 5.88% | 9.10% | 11.00% |
| 2020 | 69.13% | 5.85% | 8.92% | 12.54% |
| 2021 | 66.81% | 5.80% | 10.81% | 12.22% |
Phone banker wage gap by race
According to our data, unknown phone bankers have the highest average salary compared to other ethnicities. Black or african american phone bankers have the lowest average salary at $32,536.
| Ethnicity | Salary |
|---|---|
| Unknown | $34,591 |
| White | $34,474 |
| Black or African American | $32,536 |
| Asian | $34,222 |
| Hispanic or Latino | $33,226 |
Average phone banker age
See how the average age of phone bankers varies based on ethnicity and gender.
Male
Female
Phone banker age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Unknown | 40 | 48.5 |
| White | 43 | 47 |
| Black or African American | 40.5 | 47 |
| Asian | 42 | 37.5 |
| Hispanic or Latino | 37 | 42 |
Phone banker age breakdown
The average age of phone bankers is 40+ years years old, representing 58% of the phone banker population.
Phone banker age breakdown
| Phone Banker Years | Percentages |
|---|---|
| 40+ years | 58% |
| 30-40 years | 28% |
| 20-30 years | 14% |
Phone banker educational attainment
The most common degree for phone bankers is bachelor's degree, with 34% of phone bankers earning that degree. The second and third most common degree levels are high school diploma degree at 31% and high school diploma degree at 21%.
- Bachelor's, 34%
- High School Diploma, 31%
- Associate, 21%
- Diploma, 6%
- Other Degrees, 8%
Phone bankers by degree level
| Phone banker degree | Percentages |
|---|---|
| Bachelor's | 34% |
| High School Diploma | 31% |
| Associate | 21% |
| Diploma | 6% |
| Other Degrees | 8% |
Phone banker jobs you might like
Phone banker wage gap by degree level
According to the data, phone bankers with a Master's degree earn more than those without, at $37,984 annually. With a Doctorate degree, phone bankers earn a median annual income of $36,376 compared to $34,514 for phone bankers with an Bachelor's degree.
| Education | Salary |
|---|---|
| Master's Degree | $37,984 |
| Bachelor's Degree | $34,514 |
| Doctorate Degree | $36,376 |
Phone banker employment statistics
Most phone bankers work for a private in the finance industry.
Company size where phone bankers work
Below, you can see the size of companies where phone bankers work.
Phone banker jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 7% |
| 50 - 100 employees | 15% |
| 100 - 500 employees | 23% |
| 500 - 1,000 employees | 4% |
| 1,000 - 10,000 employees | 27% |
| > 10,000 employees | 24% |
Phone banker jobs by company type
Employees with the phone banker job title have their preferences when it comes to working for a company. For instance, most phone bankers prefer to work at private companies over public companies.
Phone banker jobs by sector
| Company type | Percentages |
|---|---|
| Education | 12% |
| Public | 30% |
| Private | 53% |
| Government | 5% |
Phone banker jobs by industry
The most common industries for phone bankers are finance, education and professional.
Phone banker industry statistics
| Industry | Percentages |
|---|---|
| Finance | 26% |
| Fortune 500 | 11% |
| Education | 9% |
| Professional | 9% |
| Non Profits | 8% |
| Hospitality | 6% |
| Retail | 6% |
| Health Care | 5% |
| Technology | 5% |
| Government | 4% |
| Start-up | 4% |
| Manufacturing | 3% |
| Internet | 2% |
| Media | 1% |
| Agriculture | 1% |
| Energy | 1% |
| Real Estate | 1% |
| Insurance | 1% |
| Telecommunication | 1% |
Phone banker turnover and employment statistics
Phone banker unemployment rate over time
The unemployment rate for phone bankers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Phone banker unemployment rate by year
| Year | Phone banker unemployment rate |
|---|---|
| 2010 | 7.50% |
| 2011 | 6.42% |
| 2012 | 6.14% |
| 2013 | 4.28% |
| 2014 | 4.90% |
| 2015 | 3.10% |
| 2016 | 4.15% |
| 2017 | 3.43% |
| 2018 | 2.39% |
| 2019 | 3.02% |
| 2020 | 4.76% |
| 2021 | 3.65% |
Average phone banker tenure
The average phone banker stays at their job for 1-2 years, based on the 8,697 phone bankers resumes in Zippia's database.
Phone banker tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 38% |
| 1-2 years | 35% |
| 3-4 years | 8% |
| 5-7 years | 12% |
| 8-10 years | 4% |
| 11+ years | 2% |
Phone banker LGBT ratio compared to similar jobs
Review the percent of phone bankers 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 Trader | 5.13% | 12,923 |
| Phone Banker | 5.67% | - |
| Consultation Agent | 6.79% | 28,801 |
| Advertising Specialist | 9.53% | 29,779 |
| Traveler | 17.39% | 3,649 |
Similar phone banker jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Energy Trader | 5.13% | 12,923 |
| Consultation Agent | 6.79% | 28,801 |
| Advertising Specialist | 9.53% | 29,779 |
| Traveler | 17.39% | 3,649 |
Foreign languages spoken by phone bankers
The most common foreign language among phone bankers is Spanish at 79.2%. The second-most popular foreign language spoken is French at 5.2% and Hmong is the third-most popular at 2.1%.
- Spanish, 79.2%
- French, 5.2%
- Hmong, 2.1%
- Italian, 1.4%
- Arabic, 1.4%
- Other, 10.7%
Phone banker languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 79.2% |
| French | 5.2% |
| Hmong | 2.1% |
| Italian | 1.4% |
| Arabic | 1.4% |
| Other | 10.7% |
