North American risk professionals experience salary dip in 2019
- Published: Wednesday, 22 January 2020 09:52
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