Banker demographics research summary. Zippia estimates banker demographics and statistics in the United States by using a database of 30 million profiles. Our 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 bankers after extensive research and analysis:
- There are over 141,062 bankers currently employed in the United States.
- 53.7% of all bankers are women, while 46.3% are men.
- The average banker age is 43 years old.
- The most common ethnicity of bankers is White (66.5%), followed by Asian (12.3%), Hispanic or Latino (11.4%) and Black or African American (5.5%).
- Bankers are most in-demand in San Francisco, CA.
- New York, NY pays an annual average wage of $95,822, the highest in the US.
- In 2022, women bankers earned 86% of what men earned.
- New York is the best state for bankers to live.
- Bankers are 56% more likely to work at private companies in comparison to public companies.
On This Page
Banker demographics by:
Banker gender statistics
53.7% of bankers are women and 46.3% of bankers are men.
- Female, 53.7%
- Male, 46.3%
Banker gender ratio
| Gender | Percentages |
|---|---|
| Female | 53.7% |
| Male | 46.3% |
Banker gender pay gap
Women earn 86¢ for every $1 earned by men
![Banker Demographics and Statistics [2024]: Number Of Bankers In The US (1)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== "Banker Demographics and Statistics [2024]: Number Of Bankers In The US (1)")
Male Income
$41,209
Female Income
$35,251
Banker gender ratio over time
This data breaks down the percentage of men and women in banker positions over time. Currently, 53.7% of bankers are female.
Male
Female
100
%
80
%
60
%
40
%
20
%
%
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Banker gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 40.21% | 59.79% |
| 2011 | 38.23% | 61.77% |
| 2012 | 40.03% | 59.97% |
| 2013 | 39.72% | 60.28% |
| 2014 | 39.01% | 60.99% |
| 2015 | 40.48% | 59.52% |
| 2016 | 41.37% | 58.63% |
| 2017 | 40.73% | 59.27% |
| 2018 | 42.07% | 57.93% |
| 2019 | 45.60% | 54.40% |
| 2020 | 45.33% | 54.67% |
| 2021 | 46.29% | 53.71% |
Banker related jobs gender ratio
We compared 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% |
| Banker | 46% | 54% |
| Futures Trader | 94% | 6% |
| Floor Trader | 95% | 5% |
| Proprietary Trader | 96% | 4% |
Male
Female
100%
75%
50%
25%
0%
Proprietary Trader
Floor Trader
Futures Trader
Banker
Commercial Lines Account Manager
Insurance Verification Specialist
Insurance Follow Up Representative
0%
25%
50%
75%
100%
Banker demographics by race
The most common ethnicity among bankers is White, which makes up 66.5% of all bankers. Comparatively, 12.3% of bankers are Asian and 11.4% of bankers are Hispanic or Latino.
- White, 66.5%
- Asian, 12.3%
- Hispanic or Latino, 11.4%
- Black or African American, 5.5%
- Unknown, 4.1%
- American Indian and Alaska Native, 0.2%
Banker Race
| Banker Race | Percentages |
|---|---|
| White | 66.5% |
| Asian | 12.3% |
| Hispanic or Latino | 11.4% |
| Black or African American | 5.5% |
| Unknown | 4.1% |
| American Indian and Alaska Native | 0.2% |
Banker race and ethnicity over time
See how banker racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
- White
- Asian
- Hispanic or Latino
- Black or African American
Banker race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 73.93% | 6.14% | 8.26% | 10.15% |
| 2011 | 74.05% | 5.76% | 9.09% | 9.65% |
| 2012 | 72.41% | 5.82% | 9.13% | 11.24% |
| 2013 | 72.87% | 5.08% | 9.75% | 10.22% |
| 2014 | 73.32% | 5.53% | 9.45% | 10.18% |
| 2015 | 72.95% | 5.66% | 9.73% | 9.80% |
| 2016 | 71.43% | 5.35% | 10.05% | 11.37% |
| 2017 | 71.72% | 5.21% | 9.83% | 11.14% |
| 2018 | 69.88% | 5.23% | 11.28% | 11.28% |
| 2019 | 71.76% | 5.57% | 10.61% | 10.18% |
| 2020 | 68.77% | 5.54% | 10.43% | 11.72% |
| 2021 | 66.45% | 5.49% | 12.32% | 11.40% |
Banker wage gap by race
According to our data, unknown bankers have the highest average salary compared to other ethnicities. Black or african american bankers have the lowest average salary at $35,995.
$46,000
$44,000
$42,000
$40,000
$38,000
$36,000
$34,000
Unknown
White
Black or African American
Asian
Hispanic or Latino
| Ethnicity | Salary |
|---|---|
| Unknown | $44,733 |
| White | $44,198 |
| Black or African American | $35,995 |
| Asian | $43,063 |
| Hispanic or Latino | $38,778 |
How Much Do Banker Make?
Average banker age
See how the average age of bankers varies based on ethnicity and gender.
Male
Female
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 |
Banker age breakdown
The average age of bankers is 40+ years years old, representing 58% of the banker population.
40+ years
30-40 years
20-30 years
Banker age breakdown
| Banker Years | Percentages |
|---|---|
| 40+ years | 58% |
| 30-40 years | 28% |
| 20-30 years | 14% |
Banker educational attainment
The most common degree for bankers is bachelor's degree, with 56% of bankers earning that degree. The second and third most common degree levels are associate degree degree at 17% and associate degree degree at 14%.
- Bachelor's, 56%
- Associate, 17%
- High School Diploma, 14%
- Master's, 7%
- Other Degrees, 6%
Bankers by degree level
| Banker Degree | Percentages |
|---|---|
| Bachelor's | 56% |
| Associate | 17% |
| High School Diploma | 14% |
| Master's | 7% |
| Other Degrees | 6% |
Banker Jobs You Might Like
Banker wage gap by degree level
According to the data, bankers with a Master's degree earn more than those without, at $62,349 annually. With a Doctorate degree, bankers earn a median annual income of $53,474 compared to $44,379 for bankers with an Bachelor's degree.
$65,000
$61,000
$57,000
$53,000
$49,000
$45,000
$41,000
Master's Degree
Bachelor's Degree
Doctorate Degree
| Education | Salary |
|---|---|
| Master's Degree | $62,349 |
| Bachelor's Degree | $44,379 |
| Doctorate Degree | $53,474 |
Learn More About Banker Required Education
Banker employment statistics
Most bankers work for a private in the finance industry.
Company size where bankers work
Below, you can see the size of companies where bankers work.
< 50 employees
50 - 100 employees
100 - 500 employees
500 - 1,000 employees
1,000 - 10,000 employees
> 10,000
Banker jobs by employer size
| Company Size | Percentages |
|---|---|
| < 50 employees | 5% |
| 50 - 100 employees | 15% |
| 100 - 500 employees | 20% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 29% |
| > 10,000 employees | 22% |
Banker jobs by company type
Employees with the banker job title have their preferences when it comes to working for a company. For instance, most bankers prefer to work at private companies over public companies.
Public
Private
Government
Banker jobs by sector
| Company Type | Percentages |
|---|---|
| Education | 0% |
| Public | 42% |
| Private | 56% |
| Government | 2% |
Banker jobs by industry
The most common industries for bankers are finance, hospitality and professional.
Finance
Hospitality
Fortune 500
Professional
Retail
Show More
Banker industry statistics
| Industry | Percentages |
|---|---|
| Finance | 56% |
| Hospitality | 11% |
| Fortune 500 | 9% |
| Professional | 4% |
| Retail | 3% |
| Technology | 3% |
| Media | 2% |
| Manufacturing | 2% |
| Real Estate | 2% |
| Internet | 1% |
| Government | 1% |
| Construction | 1% |
| Health Care | 1% |
| Start-up | 1% |
Banker turnover and employment statistics
Banker unemployment rate over time
The unemployment rate for bankers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
- Unemployment rate
Banker unemployment rate by year
| Year | 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 banker tenure
The average banker stays at their job for 1-2 years, based on the 10,270 bankers resumes in Zippia's database.
Less than one year
1-2 years
3-4 years
5-7 years
8-10 years
11+ years
Banker tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 21% |
| 1-2 years | 39% |
| 3-4 years | 14% |
| 5-7 years | 15% |
| 8-10 years | 6% |
| 11+ years | 6% |
Banker LGBT ratio compared to similar jobs
Review the percent of 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 |
|---|---|---|
| Traffic Representative | 5.13% | 8,773 |
| Banker | 5.67% | - |
| Agent | 6.79% | 184,325 |
| Digital Account Executive | 9.53% | 115,671 |
| Corporate Travel Consultant | 17.39% | 19,151 |
Similar banker jobs LGBT demographics
| Profession | Percentages of LGBT | Job Openings |
|---|---|---|
| Traffic Representative | 5.13% | 8,773 |
| Agent | 6.79% | 184,325 |
| Digital Account Executive | 9.53% | 115,671 |
| Corporate Travel Consultant | 17.39% | 19,151 |
Foreign languages spoken by bankers
The most common foreign language among bankers is Spanish at 55.7%. The second-most popular foreign language spoken is French at 7.3% and Arabic is the third-most popular at 5.9%.
- Spanish, 55.7%
- French, 7.3%
- Arabic, 5.9%
- German, 4.1%
- Mandarin, 4.1%
- Other, 22.9%
Banker languages spoken
| Foreign Language | Percentages |
|---|---|
| Spanish | 55.7% |
| French | 7.3% |
| Arabic | 5.9% |
| German | 4.1% |
| Mandarin | 4.1% |
| Other | 22.9% |
Banker Jobs
Banker location demographics
Where do bankers earn the most?
Bankers earn the most in New York, where the average banker salary is $93,188. The map here shows where bankers earn the highest salaries in the U.S. The darker areas across the 50 states highlight the highest salaries.
Average Salary
![Banker Demographics and Statistics [2024]: Number Of Bankers In The US (5)](https://i0.wp.com/media.zippia.com/salary-maps/2.4.8/banker.svgz "Banker Demographics and Statistics [2024]: Number Of Bankers In The US (5)")
Which city has the most Bankers?
By looking through more than 10,270 resumes, we found that the most popular places for bankers are New York, NY and Las Vegas, NV.
Number of Bankers
![Banker Demographics and Statistics [2024]: Number Of Bankers In The US (6)](https://i0.wp.com/media.zippia.com/demographics-maps/2.4.4/resume-banker.svgz "Banker Demographics and Statistics [2024]: Number Of Bankers In The US (6)")
Banker jobs by state
| Rank | State | Number of Jobs | Average Salary |
|---|---|---|---|
| 1 | California | 1,387 | $57,853 |
| 2 | Florida | 698 | $48,630 |
| 3 | Illinois | 664 | $44,994 |
| 4 | New York | 651 | $93,188 |
| 5 | Ohio | 639 | $38,770 |
| 6 | Texas | 629 | $53,692 |
| 7 | Pennsylvania | 504 | $55,529 |
| 8 | New Jersey | 431 | $59,146 |
| 9 | Georgia | 364 | $45,515 |
| 10 | Indiana | 349 | $48,740 |
| 11 | Massachusetts | 339 | $59,842 |
| 12 | Colorado | 327 | $32,742 |
| 13 | Arizona | 316 | $44,692 |
| 14 | North Carolina | 310 | $59,966 |
| 15 | Michigan | 301 | $43,965 |
| 16 | Virginia | 280 | $52,370 |
| 17 | Washington | 254 | $41,170 |
| 18 | Maryland | 246 | $56,552 |
| 19 | Wisconsin | 241 | $39,367 |
| 20 | South Carolina | 213 | $44,538 |
| 21 | Missouri | 200 | $42,351 |
| 22 | Alabama | 189 | $33,412 |
| 23 | Tennessee | 165 | $45,638 |
| 24 | Minnesota | 159 | $47,477 |
| 25 | Oregon | 155 | $42,323 |
| 26 | Connecticut | 149 | $66,216 |
| 27 | Kentucky | 139 | $44,432 |
| 28 | Kansas | 126 | $49,377 |
| 29 | Iowa | 123 | $33,408 |
| 30 | Oklahoma | 93 | $32,714 |
| 31 | Louisiana | 91 | $45,012 |
| 32 | Utah | 89 | $39,870 |
| 33 | Nebraska | 77 | $40,938 |
| 34 | Delaware | 66 | $54,019 |
| 35 | Arkansas | 65 | $42,328 |
| 36 | Rhode Island | 62 | $63,653 |
| 37 | Idaho | 59 | $35,391 |
| 38 | Nevada | 55 | $46,308 |
| 39 | District of Columbia | 49 | $50,176 |
| 40 | Wyoming | 45 | $34,102 |
| 41 | New Mexico | 43 | $42,288 |
| 42 | South Dakota | 41 | $34,729 |
| 43 | Maine | 39 | $66,221 |
| 44 | Mississippi | 38 | $42,700 |
| 45 | Vermont | 36 | $47,479 |
| 46 | Montana | 33 | $28,726 |
| 47 | New Hampshire | 30 | $68,780 |
| 48 | West Virginia | 29 | $50,124 |
| 49 | North Dakota | 28 | $35,966 |
| 50 | Alaska | 28 | $34,645 |
| 51 | Hawaii | 24 | $58,535 |
Where are bankers in high demand?
Bankers are in high demand in San Francisco, CA. There are currently 44 job openings for bankers here. We looked over job openings to determine where in the country bankers are in the most demand.
Jobs Openings
![Banker Demographics and Statistics [2024]: Number Of Bankers In The US (7)](https://i0.wp.com/media.zippia.com/demographics-maps/2.4.4/listing-banker.svgz "Banker Demographics and Statistics [2024]: Number Of Bankers In The US (7)")
Banker Demographics FAQs
How many Banker are there in the US?
What percentage of Bankers are black?
What race are most Bankers?
Are Banker jobs male - dominated?
How old is the average Banker?
Have more questions?
See all answers to common sales questions.Search for banker jobs
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Updated April 5, 2024
![Banker Demographics and Statistics [2024]: Number Of Bankers In The US (2024)](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mP8/h8AAvMB+NzmkbcAAAAASUVORK5CYII=)