Does type of degree make a difference in employee compensation?
Does the type of degree make a difference in employee compensation? Our annual BCM Compensation Study analyzes factors that determine compensation numbers in the business continuity sector, including the type of degree professionals possess.
For nearly 20 years, Cheyene Marling, Firestorm EVP of People Solutions and Program Analytics, has gathered data on business continuity management programs and compensations to provide professionals with the information they need to elevate their programs.
Now in its 16th year, the BCM Compensation Study is globally recognized as the premier compensation assessment for Business Continuity and Resiliency professionals. The 16th annual study is now open to professionals. All participants will receive a complimentary copy of the report.
During last year’s study, nearly half of participants indicated they possess a bachelor’s degree (48.3%), whereas the smallest group of participants revealed they obtained a Doctorate or PhD. (1.7%). The bar graph below indicates a gradual increase in average total compensation by degree with the exception of one slight dip for those with an Associate degree.
The study dives deeper into degree levels by identifying how many participants possess a continuity degree. Although few professionals have obtained a degree specific to a business continuity-related discipline, our data highlights an increase in this trend over the years. The number has nearly doubled since 2012.
The 2017 study highlights the findings of many areas that determine compensation numbers, including:
- Average total compensation
- Discipline experience
- Total work experience
- Industry experience
- Previous career experience
- Educational Institutions
- Management experience
- Leadership experience
- Credentials leading to best hire
The Compensation Study can be used by employers to gauge where an organization’s compensation packages stack up in the industry. Job seekers can also utilize the study to compare job and compensation offers.
To receive your own copy of the Study (published in 2017), contact Cheyene Marling, Firestorm EVP of People Solutions and Program Analytics. By participating in this year’s study, you will be given a complimentary report of the 16th Annual Study – due to be released in the upcoming months.
Participate in the 16th Annual Compensation Study and Receive a Complimentary Report – DEADLINE EXTENDED!
We are currently collecting data for this year’s edition. Professionals have until March 31st to participate in the study and will receive a complimentary report highlighting findings. Professionals who are employed, unemployed, independent consultants, and contractors are encouraged to participate.
Permanently Employed or Unemployed Professionals – Participate in Study
Independent Consultants/ Contractors – Participate in Study
- Only study participants will receive a complimentary copy of the study findings.
- Study questions and assessment of data is completed by Cheyene, the International Benchmarking Advisory Board and Firestorm.
- The response is immense, driven by the value the results provide.
- The scope is world-wide, due to extensive contacts and partnerships.
- The company is independent, as we are a neutral party on the results.
- Completely confidential – Your individual contact and company information is never shared outside of Firestorm.
Thank you in advance for participating, we look forward to sharing your results!
Contact Cheyene Marling for additional information on your copy of the 15th Annual Study, or to participate in this year’s 16th Annual Compensation Study.