When compared to previous years’ surveys, the RIMS 2013 Compensation Survey findings reveal that chief risk officers’ (CRO) average base salary has increased from $170,683 in 2008 to $183,572 in 2013, nearly a 7.5 percent increase over the 5-year period. For a Limited Time receive a
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Get Your Report Now!Compared to the 2008 RIMS Compensation Survey:
- Average base salary for CROs in the United States have increased 7%;
- Average base salary for claims analyst in the United States—the lowest paid risk management position—increased 19%;
- Average base salary for CROs in Canada have increased 19%.
The survey is released every other year by RIMS—The Risk Management Society, and this year was comprised from data from 2,246 completed surveys. The results reflect data submitted by individual risk management professionals working in over 1,500 organizations in the United States and more than 200 in Canada.
“Knowing what your competitors are paying their risk professionals can be a tremendous advantage when negotiating salary and, more importantly, setting your organization’s strategic risk management objectives,” said Jill Levy, RIMS membership director.
RIMS 2013 Compensation Survey is available to both RIMS members and nonmembers. For more information, go to www.RIMS.org/RIMStore.