Risk professionals at all levels and responsibilities in the United States experienced an average 3.5% base salary increase this year, while Canadian practitioners experienced an average 2.0% increase, according to RIMS 2017 Compensation Survey. The survey – published every two years – is now available in the RIMStore at www.RIMS.org/RIMStore.
The 93-page survey provides detailed compensation analysis by industry, location and position for virtually all risk professional positions. The survey also explores the impact of education, experience and demographical data on compensation, as well as benefits and additional cash compensation programs available to practitioners.
Compared to RIMS 2015 Compensation Survey, key findings include:
· Average base salary for CROs in the United States increased 11% to $190,800;
· Average base salary for Director of ERM/Strategic Risk Management in Canada saw the biggest increase for the country, up 8% to $130,000;
· 63% of risk management professionals in both the US and Canada perform functions in addition to risk management in their organizations.
“In a competitive job market, it is imperative to have the tools to formulate compelling compensation programs,” said RIMS CEO Mary Roth. “Understanding the elements that impact compensation and career growth, provides risk professionals with a road map for advancement.”