Let’s talk about money. Specifically, we’ve done some new salary research and want to share our latest salary band information about higher levels of management in supply chain. In the past, we’ve posted about salary studies in Canada and the U.S. for Supply Chain Analysts, Managers, and Directors. Today, we explore new stats about salary bands for supply chain executives.
These figures are somewhat of a catch-all for Chief Supply Chain Officers and VPs of Supply Chain. These individuals are definitely at the top end of their profession. They’re truly strategic, pushing supply chain forward into the C-Suite as a vital strategic function for organizations. You can expect to reach this level after at least 15+ years of solid advancement in the field. But the good news is that compensation looks pretty solid once you’ve hit this level.
There’s obviously lots of salary variability between jobs and companies whenever you get to the executive level, mainly because a VP in one company can be something so different from somewhere else especially depending on size of organization. Also, the scale of the company and the scope of the role play a bigger role in the compensation for the most senior jobs within organizations, as does performance-based pay which does become more significant as one goes up the career ladder. Hopefully these numbers will help give you a sampling of where VPs of Supply Chain and Chief Supply Chain Officers stand in terms of salary for these regions. So without further ado, here are the salary bands for top supply chain executives in Toronto, Calgary, Vancouver, New York, Boston, Atlanta, and Chicago.
Data source: Salary.com, a U.S. based compensation analysis website.
Salary bands for executives in Toronto without Bonus:
Toronto with Bonus:
Calgary without Bonus:
Calgary with Bonus:
Vancouver without Bonus:
Vancouver with Bonus:
And here’s the salary info for supply chain executives in four major U.S. central & eastern markets.
New York without Bonus:
New York with Bonus:
Boston without Bonus:
Boston with Bonus:
Atlanta without Bonus:
Atlanta with Bonus:
Chicago without Bonus:
Chicago with Bonus:
So there you have it! Our key takeaways from the data:
- Supply chain executives earn more base compensation in the major central and east coast U.S. markets than they do in the major Canadian markets.
- The average bonus for executives in the U.S. is slightly higher than in Canada ($57,922 compared to $54,666) but not excessively higher.
- Unsurprisingly, the biggest market in the U.S. (New York) has the highest compensation. But the biggest market in Canada (Toronto) is second in compensation to the market that’s booming due to energy industry revenues (Calgary).
- As we mentioned above, there’s also tons of variability within each market from the low end to the high end of the salary scale. Part of this is doubtless owing to the fact that executive compensation varies tremendously with the size of the company and with the industry. Performance-based pay is also a bigger factor when you get to the most senior positions, and we’re seeing that play out in these numbers as well. Unsurprisingly, the market with the biggest variability for supply chain executive salaries was New York, with the high-end pre-bonus compensation at $395,678 compared to the low end at $167,630. That’s 2.3x the salary at the high end.
So, are any of these salary bands surprising? Do they contradict your own sense of where the market lies? And do you think they’re appropriate given the value that top supply chain executives give to organizations? Let us know in the comments or send us a tweet at @ArgentusTalent!