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Equipment Finance Industry Compensation Continues to Rise

BY ALM Staff
October 02, 2015

Compensation in the equipment finance industry increased in 2014, representing the fifth consecutive year that the industry has seen a year-over-year increase in overall compensation. Although the increase was modest, according to the 2015 Equipment Leasing and Finance Compensation Survey from the Equipment Leasing and Finance Association (ELFA) and McLagan, the steady annual rise in pay also parallels a fifth consecutive year for year-over-year increase in new business volume, which is linked to the increase in overall compensation.

The Survey measures compensation rates for the 2014 fiscal year as reported by more than 70 equipment finance companies representing a cross section of the equipment finance sector, including independent, bank and captive leasing and finance companies. Firms provide data for more than 90 executive, front-office and support positions, including a breakdown of salary (for 2014 and 2015), incentives (including cash bonuses and commissions), long-term awards and total compensation by company type. The survey is a collaborative initiative between ELFA and McLagan, a performance/reward consulting and benchmarking firm for the financial services industry.

Highlights from the 2015:

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