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Industry IQ: For CROs, Risky Business Pays Off

Chief risk officers (CROs) and vice presidents of risk management at U.S.-based corporations with more than $1 billion in annual premium revenue received an annual average compensation package of $220,200, making

By staff Writer | Updated on November 04, 2008
CRO and VP/risk management salary ranges by company size:

For U.S. companies with +$10 billion in revenues:o Average base salary: $219,700For U.S. companies with revenues of $500 million to $1 billion:o Average base salary: $153,200For U.S. companies with revenues of -$1 million: o Average base salary: $118,500 CRO compensation by sector:o $238,600 – Public sector CROso $207,000 – Nonprofit CROso $206,000 – Private sector CROs

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

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