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FCPA Blog Daily News

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Monday
Oct162017

How much do Chief Compliance Officers make?

The national average salary for a Chief Compliance Officer is nearly $132,000, according to Glassdoor, with some CCOs making more than $250,000 a year.

Glassdoor -- a site with job listings and company reviews -- shows 112 salaries for the CCO position. The site generally reports pay in ranges. 

The CCO at Invesco, for example, makes $182,000 to $258,000, according to Glassdoor.

Pay for the AIG CCO is shown as $122,000 to $157,000.

Marsh & McLennan's compliance chief is making $149,000 to $188,000, Glassdoor reports.

The CCO salaries tracked on Glassdoor are fairly consistent with those reported by the SCCE.

According to the SCCE's comprehensive 2015 survey of CCO salaries, the nationwide base salary for CCOs averaged about $150,000 and total compensation averaged $179,000.

The SCCE mega-survey found that CCO pay depended on how many compliance personnel they managed, the size of the compliance budget, and the number of employees in the company, and other factors. 

At the biggest companies -- 75,000 employees or more -- CCO base pay averaged $187,000 and total compensation was almost $229,000, the SCCE said.

At companies with under 250 employees, CCOs earned $111,000 in base salary and $128,000 in total compensation.

At companies with big compliance budgets -- more than $2 million -- CCO compensation topped out at $390,000 or more.  

On Glassdoor, the CCO at Zimmer Bioment is shown as making $146,000 to $158,000.

At Johns Hopkins Medicine, the CCO is making $220,000 to $238,000.

*    *     *

Glassdoor's CCO salary information is here.

The SCCE 2015 Compliance and Ethics Officer Salary Survey is here.

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Richard L. Cassin is the publisher and editor of the FCPA Blog.  

Reader Comments (3)

I would not rely 100% on what appears on glassdoor. I know, for example, that CCO salaries within the pharmaceutical and device sector are a LOT higher than $150k.
October 16, 2017 | Unregistered CommenterDM
Agree with previous comment. These salaries as attributed to financial services entities are not at all indicative of what actual (base) compensation levels are.
October 16, 2017 | Unregistered Commenterslr
These are very low numbers. I hope they are higher in reality. 132k is around what a first year associate at a large law firm earn. Given that GCs make in the millions, we're not going to attract the best talent into compliance if these are really the rewards on offer.
October 16, 2017 | Unregistered CommenterBB
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