The Average Salary of an HVAC Credit Manager
- A credit manager is a kind of loan officer, a profession the U.S. Bureau of Labor Statistics (BLS) reports as having a median salary of $56,490 in 2010. The middle 50 percent of workers in this profession made between $40,430 and $80,140 during that year.
- Although the BLS maintains regional data for loan officers, the regional data for HVAC maintenance and installation is more appropriate for assessing this position. According to the BLS, the greatest demand for HVAC services is in Texas, Florida, California, New York and Pennsylvania. The highest pay for positions in this field is found in Alaska, District of Columbia, Hawaii, Massachusetts and New Jersey.
- Of HVAC-related professions, three of the five with the highest demand might have need of a credit manager. These include building equipment, direct sales and heating equipment wholesalers. Loan officers specializing in HVAC may also want to consider consumer HVAC suppliers. Although these are not on the top five industry list, they have some of the greatest demand for financing.
- The BLS anticipates an impressive 28 percent growth in HVAC-related jobs between 2008 and 2018, more than three times the growth expected for U.S. jobs as a whole. The BLS attributes this rapid expansion to increasing trends of maintaining indoor air quality in homes and businesses.