CCO/CECO salary data: Five noteworthy trends
Chief compliance officers and chief ethics and compliance officers have come out the other end of the Covid-19 pandemic being more compensated for their work than before, according to the latest edition of Compliance Week’s “Inside the Mind of the CCO” survey.
The online poll, now in its fourth year, received 254 total responses from compliance practitioners across the spectrum of their careers. For the purposes of analyzing salary data, only CCOs and CECOs were filtered in, a group representing 33 percent of the survey’s total respondents.
This year, chief compliance practitioners averaged a $335,000 yearly salary—the highest total in our survey’s history. The average last year was $321,000. This year’s responses saw our “Seasoned CCOs” contingent more educated and experienced than last year, a potential contributing factor to the pay increase.