Salaries in the US equipment finance sector
have hardly changed in 2009, while total compensation was down
across functions in the industry, the results of the 2010 Equipment
Finance Compensation Survey have shown.
Released by American leasing body the
Equipment Leasing and Finance Association (ELFA), the results also
showed that more than half of sales positions included in the
survey saw a decrease in total remuneration in 2009 compared to the
year before.
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Compensation was down as much as 25% for some
originators at senior and management level but increased up to 15%
for others at more intermediate levels. Pay was highest in the
healthcare and technology segments, while construction and
industrial pay was lowest.
The survey measures remuneration rates for the
2009 financial year at 50 equipment finance companies in the US
across small-, mid- and large-ticket, as well as bank, captive and
independent lessors.
Market data is provided for more than 90
management and staff positions in front-, middle- and back-office,
as well as salary, bonus and commission, broken down by
company type, portfolio size, annual volume and ticket size.
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