Performance Bonuses Bolster RM Pay

Risk managers at organizations of all sizes are earning six-figure incomes on average these days, while most are substantially boosting their base salaries with bonuses and additional benefits based on their own performance and the bottom lines of their employers, according to the latest compensation survey by National Underwriter, in partnership with Logic Associates.

The average salary among the 287 risk managers queried for the Logic/NU “2010 Risk Management Compensation Survey” ranged from about $116,000 for those with firms doing less than $500 million in sales volume, rising steadily to a high of around $163,000 among respondents at the biggest organizations, with sales over $7 billion.

The overall average salary for the survey base came to a little over $130,000, with an average bonus (for those getting or reporting a bonus) of nearly $22,000.