Compensation and Benefits Manager Salary in Sector of Finance and Insurance

The salary statistics of compensation and benefits managers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare compensation and benefits manager salaries in different industries within the finance and insurance sector.

Average Annual Salary of Compensation and Benefits Managers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$77,420
25th Percentile Wage
$99,550
50th Percentile Wage
$129,070
75th Percentile Wage
$172,530
90th Percentile Wage
$182,530

Table 1 shows the average annual salary for compensation and benefits managers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) compensation and benefits managers is $182,530. The median annual salary (50th percentile) is $129,070. The average annual salary for the bottom 10 percent paid compensation and benefits managers is $77,420.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of compensation and benefits managers in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$129,070
1.80% 18.42%
2016
$126,750
5.48% -
2015
$119,810
1.58% -
2014
$117,920
8.72% -
2013
$107,640
2.18% -
2012
$105,290
- -

Compare Compensation and Benefits Manager Salary in Different Industries within the Finance and Insurance Sector

The average salaries of compensation and benefits managers in 18 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for compensation and benefits manager occupations is the other financial investment activities industry with an annual salary $138,760. The lowest paying industry is the funds, trusts, and other financial vehicles industry (annual salary $114,240). For detailed compensation and benefits manager salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Other Financial Investment Activities
$138,760
Activities Related to Credit Intermediation
$138,600
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$137,090
Insurance Carriers
$136,640
Direct Insurance (except Life, Health, and Medical) Carriers
$136,240
Direct Health and Medical Insurance Carriers
$130,890
Credit Intermediation and Related Activities
$128,510
Credit Intermediation and Related Activities
$128,450
Nondepository Credit Intermediation
$128,200
Insurance Carriers and Related Activities
$127,740
Securities and Commodity Contracts Intermediation and Brokerage
$127,240
Depository Credit Intermediation
$123,770
Insurance Agencies and Brokerages
$120,810
Agencies, Brokerages, and Other Insurance Related Activities
$119,490
Other Nondepository Credit Intermediation
$119,160
Other Insurance Related Activities
$117,300
Insurance and Employee Benefit Funds
$115,460
Funds, Trusts, and Other Financial Vehicles
$114,240

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




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Highest paying industries for compensation and benefits managers.