From the November 2008 issue of American Agent & Broker • Subscribe!

Industry IQ: For CROs, Risky Business Pays Off

CRO and VP/risk management salary ranges by company size:

For U.S. companies with +$10 billion in revenues:

o Average base salary: $219,700
For U.S. companies with revenues of $500 million to $1 billion:
o Average base salary: $153,200
For U.S. companies with revenues of -$1 million: o Average base salary: $118,500 CRO compensation by sector:
o $238,600 - Public sector CROs
o $207,000 - Nonprofit CROs
o $206,000 - Private sector CROs

CRO average base salary by industry:
o Entertainment and media: $232,100
o Education: $146,300

Highest paying risk management positions:
o A CROs and vice presidents of risk management o A Directors of financial or information technology risk management o A Directors of enterprise risk managemen o A Directors of insurance and risk management

Lowest:
o A Claims analysts

Source: RIMS' 2008 Risk Management Compensation Survey

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