Compliance officers have hard jobs, but their salaries are trending upward.
Exploring Compliance Officer Compensation in 2023
About this report from BarkerGilmore:
Stressed-out compliance officers have reason to celebrate: Their salaries are going up. According to BarkerGilmore’s analysis, the average chief compliance officer earned 10% more in total compensation in 2022 than in 2021.
The executive staffing agency’s analysis found that in addition to increasing salaries, demand for compliance professionals remains high. Here’s a look at some of the firm’s key findings:
- Chief compliance officers saw their paychecks rise more than those without “chief” in their title; CCOs’ base salaries rose by 12% compared to just 8% for compliance officers.
- The energy sector is the highest-paying for compliance professionals, while financial services and healthcare are the lowest-paying. The average CCO of a publicly traded company in the energy sector earns about $630,000 per year.