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How much does a Compensation Manager make?

The average salary for a Compensation Manager is $154,354 per year in the US.

A Compensation Manager plays a key role in ensuring that employees are paid fairly. This job often comes with a good salary. On average, a Compensation Manager earns about $154,000 each year. This figure can change based on experience, location, and the size of the company.

The salary for Compensation Managers can vary widely. Some earn as little as $74,000, while others make over $290,000. The top earners usually have more experience and work for larger companies. Those just starting out might earn less, but they have the chance to grow their salary over time. This job offers good earning potential and opportunities for advancement.

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What are the highest paying cities for a Compensation Manager?

Compensation managers can find some of the best pay in major cities across the country. Los Angeles, San Francisco, and Detroit lead the way with the highest average salaries. These cities offer a mix of industries and opportunities that attract top talent, making them ideal for those seeking lucrative compensation roles. Other cities like San Jose, Pittsburgh, and Hartford also provide strong compensation packages. These locations benefit from a strong job market and competitive salaries. Job seekers should consider these cities when looking for rewarding career opportunities.
Graph displaying highest paying cities salaries for Compensation Manager jobs, highlighting Los Angeles, CA with the highest at $198,412 and San Diego, CA with the lowest at $165,687.
  1. Los Angeles, CA
    Average Salary: $198,412
    In Los Angeles, a role in compensation management offers a dynamic environment with diverse industries. Companies like tech giants and entertainment firms provide ample opportunities. The competitive salary reflects the cost of living in this vibrant city.
    Find Compensation Manager jobs in Los Angeles, CA


  2. San Francisco, CA
    Average Salary: $182,862
    San Francisco presents a unique setting for those in compensation management. With tech companies like Google and Salesforce, the role is crucial. The high salary aligns with the city's expensive living costs.
    Find Compensation Manager jobs in San Francisco, CA


  3. Detroit, MI
    Average Salary: $176,135
    Detroit offers a mix of traditional and modern industries for compensation managers. Companies such as General Motors provide stability. The salary is competitive, reflecting the city's economic landscape.
    Find Compensation Manager jobs in Detroit, MI


  4. San Jose, CA
    Average Salary: $174,919
    San Jose, the heart of Silicon Valley, is ideal for compensation managers. Tech firms like Apple and Intel dominate. The role is vital in managing talent in this fast-paced environment.
    Find Compensation Manager jobs in San Jose, CA


  5. Pittsburgh, PA
    Average Salary: $172,176
    In Pittsburgh, compensation management roles are found in both tech and healthcare sectors. Companies like UPMC offer stability. The salary is attractive, considering the lower cost of living.
    Find Compensation Manager jobs in Pittsburgh, PA


  6. Hartford, CT
    Average Salary: $170,114
    Hartford provides a balanced environment for compensation managers. Insurance companies like Aetna are prominent. The role is key in managing employee benefits and salaries.
    Find Compensation Manager jobs in Hartford, CT


  7. Boston, MA
    Average Salary: $166,971
    Boston offers a rich mix of industries for compensation managers. Companies like Biogen and Fidelity are leaders. The role is important in navigating the competitive job market.
    Find Compensation Manager jobs in Boston, MA


  8. Miami, FL
    Average Salary: $166,066
    Miami's diverse economy offers varied opportunities for compensation managers. Companies in finance and tourism are prevalent. The salary is competitive, with a vibrant lifestyle to match.
    Find Compensation Manager jobs in Miami, FL


  9. Minneapolis, MN
    Average Salary: $165,823
    Minneapolis provides a stable environment for compensation managers. Companies like Target and UnitedHealth Group are major employers. The role is crucial in managing employee compensation effectively.
    Find Compensation Manager jobs in Minneapolis, MN


  10. San Diego, CA
    Average Salary: $165,687
    San Diego offers a blend of tech and defense industries for compensation managers. Companies like Qualcomm and Northrop Grumman are key players. The salary is competitive, with a high quality of life.
    Find Compensation Manager jobs in San Diego, CA

What are the best companies a Compensation Manager can work for?

KPMG offers one of the highest salaries for Compensation Managers, averaging around $225,745. RSM and Accenture also provide competitive compensation packages, with average salaries of $218,595 and $208,790, respectively. These companies value their Compensation Managers and offer attractive benefits to attract top talent.
Graph displaying best paying company salaries for Compensation Manager jobs, highlighting KPMG with the highest at $225,745 and T-Mobile with the lowest at $133,658.
  1. KPMG
    Average Salary: $225,745
    KPMG offers competitive compensation for Compensation Managers. They work in various locations, including major cities across the U.S. and internationally. KPMG focuses on audit, tax, and advisory services.


  2. Rsm
    Average Salary: $218,595
    Rsm provides a high salary for Compensation Managers. They operate in many cities in the U.S. Rsm offers audit, tax, and consulting services to a wide range of clients.


  3. Accenture
    Average Salary: $208,790
    Accenture pays well for Compensation Managers. They have offices in many cities worldwide. Accenture provides strategy, consulting, digital, technology, and operations services.


  4. Marsh McLennan
    Average Salary: $192,053
    Marsh McLennan offers a strong salary for Compensation Managers. They operate in many locations globally. Marsh McLennan provides risk, strategy, and people advisory services.


  5. Deloitte
    Average Salary: $175,200
    Deloitte offers a competitive salary for Compensation Managers. They have offices in many cities worldwide. Deloitte provides audit, consulting, financial advisory, and tax services.


  6. Abbott
    Average Salary: $159,667
    Abbott offers a good salary for Compensation Managers. They operate in many locations worldwide. Abbott focuses on healthcare products, nutrition, and branded generic pharmaceuticals.


  7. Cox Communications Inc.
    Average Salary: $159,074
    Cox Communications Inc. provides a solid salary for Compensation Managers. They operate in many cities in the U.S. Cox Communications offers cable, internet, phone, and other services.


  8. Riveron
    Average Salary: $146,000
    Riveron offers a competitive salary for Compensation Managers. They operate in many locations worldwide. Riveron provides compensation and benefits consulting services.


  9. Chewy
    Average Salary: $139,741
    Chewy offers a good salary for Compensation Managers. They operate in many cities in the U.S. Chewy is an online retailer specializing in pet food and products.


  10. T-Mobile
    Average Salary: $133,658
    T-Mobile offers a competitive salary for Compensation Managers. They operate in many cities in the U.S. T-Mobile provides mobile network services and products.

How to earn more as a Compensation Manager?

A Compensation Manager plays a key role in ensuring that employees are rewarded fairly. This role can lead to a rewarding career with good earning potential. To maximize earnings, consider the following factors:

First, gaining relevant experience is crucial. Compensation Managers often start in entry-level roles and work their way up. Experience in human resources or related fields can provide valuable insights and skills. Second, obtaining certifications can enhance job prospects. Certifications such as the Certified Compensation Professional (CCP) or Society for Human Resource Management Certified Professional (SHRM-CP) can make a candidate more attractive to employers. Third, staying updated on industry trends is important. Compensation Managers should keep up with changes in salary structures, benefits, and labor laws. Fourth, networking can open doors to new opportunities. Joining professional organizations and attending industry events can help build connections. Lastly, seeking leadership roles can lead to higher earnings. Managers who take on additional responsibilities or lead projects may earn more.

By focusing on these factors, Compensation Managers can increase their earning potential and advance in their careers.

  1. Gain relevant experience
  2. Obtain certifications
  3. Stay updated on industry trends
  4. Network and build connections
  5. Seek leadership roles

Currently 299 Compensation Manager job openings, nationwide.

How's the job market for a Compensation Manager in the US?

Learn what a Compensation Manager does, how to become one, and understand the job outlook. Get simple steps to start your career as a Compensation Manager today.
Position
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Compensation Manager
299 Job Openings