Vehicle & Equipment Finance Career Guide

The Vehicle & Equipment Finance industry is in-demand! Students and grads from a variety of different backgrounds can hatch successful careers in this industry. Use this guide to learn more about this field and the opportunities within it.

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Vehicle & Equipment Finance Average Starting Salaries

Job Title
Average Salary*
Sales Support Coordinator/Officer
$53,700
Customer Service Rep
$52,900
Contract Management Rep
$49,000
Quality Verification Rep
$53,700
Collector
$39,000

Source: Source: 2017 CFLA Asset-Based Finance Industry Compensation Survey (August 28, 2017)

* The figures reflect average total compensation (base salary + incentives)

Considering a career in Vehicle & Equipment Finance?

The Vehicle & Equipment Finance industry incorporates a wide range of skill-sets, including finance and accounting, marketing and sales, credit and risk analysis, asset management, and customer service. It's unique because it requires a lot of hands-on activity, from interacting with clients to building financial models. If you want to learn new skills and advance your career, this is a field for you!

Key industry info:
  • As of 2016, the total value of assets financed in Canada is $354 billion
  • Vehicle & Equipment Finance is highly service-based. Strong communication and interpersonal skills are crucial for success
  • The Vehicle & Equipment Finance industry is the largest provider of debt financing in Canada, after banking institutions and credit unions

"Students make the mistake of thinking that retail is a stepping stone. They don�t think about it as a business operation�. they need to think macro � what happens beyond those 4 walls."

Jeff Haig
Financial Analyst,
TAO Asset Management
In-demand skills and traits:
  • Leadership
  • Organization
  • Attention to detail
  • Relationship management

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Vehicle & Equipment Finance Jobs + Programs