Company and markets news

North American risk professionals experience salary dip in 2019

Risk professionals at all levels and responsibilities in the United States experienced an average 1.7 percent base salary decrease in 2019 compared to 2017, while Canadian practitioners experienced an average 4.0 percent decrease in the same time, according to the RIMS 2019 Compensation Survey.

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 the RIMS 2017 Compensation Survey, key findings include:

  • CRO salaries in the United States increased 4 percent to $198,900;
  • The pay gap between male and female risk professionals was 14 percent in 2019, whereas the gap was 17 percent in 2017;
  • 66 percent of risk management professionals in the US are over the age of 45; and 64 percent are in that age bracket in Canada.

The bi-annual survey is available in the RIMStore at rims.org/resources/bookstore



Want news and features emailed to you?

Signup to our free newsletters and never miss a story.

A website you can trust

The entire Continuity Central website is scanned daily by Sucuri to ensure that no malware exists within the site. This means that you can browse with complete confidence.

Business continuity?

Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

Get the latest news and information sent to you by email

Continuity Central provides a number of free newsletters which are distributed by email. To subscribe click here.