Although risk managers reported more moderate salary growth on average in 2005, bonus compensation continued to soar and opportunities to move to a bigger and better position increased substantially during an active year for job seekers, according to the “2005 Risk Management Compensation Survey” by Logic Associates, co-sponsored exclusively by National Underwriter.
The survey of 1,411 risk managers revealed an average salary of $167,526–a raise of 3.2 percent over 2004, compared with the 5.4 percent gain reported the year before. However, most reported bonus hikes in the high single-digit to double-digit range.
In addition, over the course of this decade, risk managers are a lot better off salary wise, with their pay rising 30 percent over 2000's average of $128,626.
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