Business Services Industry

Study shows big variation in pay for risk managers.(News)

Business Insurance, October, 2004 by PAREKH, RUPAL

Byline: RUPAL PAREKH Risk managers curious about how they measure up to their peers in terms of pay have a new tool to benchmark their compensation. What they will find overall, though, is that risk managers' salaries vary considerably, depending upon their position and geographic location.

Last month, the Risk & Insurance Management Society Inc. and Mercer Human Resource Consulting jointly released the "2004 Risk Management Compensation Survey,'' which provides compensation data on a variety of risk management-related positions. RIMS and Mercer said the study, the first such research they have done together, was produced in response to company and risk manager requests for comparative data on pay. The findings of the survey, which was conducted between...

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