The 84-page survey provides detailed compensation analysis
by industry, location, and position for virtually all risk professional
positions. The survey also demonstrates the impact of education, experience,
and certain demographics on compensation, as well as benefits and additional
cash compensation programs available to practitioners.
Key findings:
· Compared with one year previous, U.S.
risk management professionals saw a 4.9% average increase in base salary as of
September 1, 2023.
· Education, experience, and supervisory
responsibility each tend to correlate positively with salary. Those who
supervise (directly or indirectly) 20 or more individuals typically earn $78,000
more than those who do not supervise others.
· Males tend to earn more than females,
but they tend to have higher levels of education, slightly more experience, and
are more likely to have supervisory responsibility.
The survey was conducted by email and disseminated to
qualified RIMS professional members and non-member risk professionals. It
comprises data from 1,137 completed surveys submitted by full-time risk
professionals and offers findings for five different risk management job
titles. The 2023 RIMS Risk Management Compensation Survey incorporates data
from 949 United States and 187 Canadian risk professionals.