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 Report 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 Report is globally recognized as the premier compensation assessment for Business Continuity and Resiliency professionals. The 16th annual report is now open to professionals. All participants will receive a complimentary copy of the report.
Permanently Employed or Unemployed Professionals
Independent Consultants/Contractors
In recent articles, we analyzed how job titles and years of experience influence employee compensation. But now we want to know, does your degree affect compensation numbers?
During last year’s report, 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 report 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 report highlights the findings of many areas that determine compensation numbers, including:
- Average total compensation
- Discipline experience
- Total work experience
- Industry experience
- Previous career experience
- Degree
- Educational Institutions
- Certifications
- Management experience
- Leadership experience
- Location
- Bonus
- Credentials leading to best hire
The Compensation Report can be used by employers to gauge where an organization’s compensation packages stack up in the industry. Job seekers can also utilize the report to compare job and compensation offers.
To receive your own copy of the report (published in 2017), contact Cheyene Marling, Firestorm EVP of People Solutions and Program Analytics. By participating, you will be given a complimentary copy of the 16th Annual Report – due to be released in the upcoming months.
Participate in the 16th Annual Compensation Report and Receive a Complimentary Report – DEADLINE PAST!
We are currently collecting data for this year’s edition. Professionals have until March 31st to participate in the report 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
Independent Consultants/ Contractors – Participate
Why Participate?
- Only participants will receive a complimentary copy of the report 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 Report, or to participate in this year’s 16th Annual Compensation Report.
“What should we do now?” “What should we say?”