USA Career Guide- Compensation Benefits Managers

Education of Compensation Benefits Manager

Compensation and benefits managers need at least a bachelor’s degree for most positions, although some jobs require a master’s degree. Because not all undergraduate programs offer a degree in human resources, managers often have a bachelor’s degree in business administration, business management, finance, or a related field.
Many employers prefer to hire managers who have a master’s degree, particularly one with a concentration in human resources management, finance, or business administration (MBA).

Work Experience

Work experience is essential for performance of complex financial analysis compensation and benefits managers. Work experience in other human resource fields, finance, or management is also helpful for getting a job as a benefits manager.


You can take up certification programs to hone your skills and though not a requirement but certification show professional expertise and credibility. Many employers prefer to hire certified candidates, and some positions may require certification.  Some associations offer specialized compensation and benefits certification programs are:
•    the International Foundation of Employee Benefit Plans and
•     World at Work


Some compensation and benefits managers may advance to director of human resources or industrial relations, sometimes leading to top executive or managerial positions. Opening a business or joining a consulting firm are other ways to advance. With a PhD, some compensation and benefits managers later find success consulting, teaching or writing.

Pay of Compensation Benefits Managers

As per BLS the median annual wage of compensation and benefits managers was $89,270 in May 2010. The lowest 10 percent earned less than $52,150, and the top 10 percent earned more than $151,090.

Job Prospects of Compensation Benefits Managers

Employment of compensation and benefits managers is expected to grow 3 percent from 2010 to 2020, slower than the average for all occupations. Candidates are expected to face competition for jobs. Those who have a master’s degree, certification, or experience working with compensation or benefits plans should have the best job prospects. Management, consulting and employment services companies will offer many jobs as more and more firms are contracting out compensation and benefits managers duties.

Industrial Overview of Compensation Benefits Managers

Compensation and benefits managers held about 31,800 jobs in 2010 and were employed throughout the economy. About 16 percent were employed in the management of companies and enterprises industry.

Some Job Titles
Benefit Director

Business Manager

Corporate Controller

Employee Benefits Director

Field Advisor 

Human Resources Manager

Manager, Position Classification
Benefits Coordinator

Compensation and Benefits Manager

Director of Compensation

Employee Benefits Manage

Human Resources Coordinator

Manager, Personnel

Payroll Manager

Benefits Manager

Compensation Manager

Employee Benefits Coordinator

 Employment Advisor

Human Resources Director

Manager, Job Analysis

Wage and Salary

Connect me with the Top Colleges
First Name:
Last Name:
E-Mail ID :
You live in:
Mobile Number:
You want to study in:
Highest Level of Education:
Study Preference:
You want to Study:
Need an education loan?
loading Processing...

Usa Select a Country

Our Network :