Average Base Pay
55.06% above national average
Additional Cash Compensation
A person in an entry-level Compensation and Benefits Managers role with under one year of job experience can expect to make an average annual salary of $62,580. A Compensation and Benefits Managers candidate with 1-4 years of experience makes an average total salary of $86,370. A person in a mid-career Compensation and Benefits Managers role with 5-9 years of experience makes an average salary of $114,530 a year. Compensation and Benefits Managers with 10 or more years of experience make an average of $139,030. In their late career (over 20 years of experience), a person in a Compensation and Benefits Managers role’s annual salary averages $165,260 per year.
|Average base salary (percentile)|
While certifications are not required for every Compensation and Benefits Managers position, they can certainly increase your salary and lead to an easier recruitment process when applying to enterprises that favor candidates with additional certifications.
The current Bureau of Labor Statistics states the salary is $114,530 higher than the national average for Compensation and Benefits Managers positions.
Yes, there is strong potential for promotion — either with an additional educational degree or with continued years of experience. There are a multitude of other positions Compensation and Benefits Managers roles that can advance both internally and with another company.