How Much Do Incentive Compensation Analysts Make?

Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary incentive compensation analysts make, you've come to the right place.

Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for incentive compensation analysts and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of incentive compensation analysts are offering as compensation.

Keep reading to learn more about how much incentive compensation analysts can expect to make in the United States.

At a Glance: Salary & Jobs for Incentive Compensation Analysts

According to data from 2022, there were about 16,606 positions for incentive compensation analysts in the United States. In terms of salary, the national median salary for incentive compensation analysts was reported to be $131,269. Additionally, when examining job demand, employers across the country posted 12,977 job postings related to positions for incentive compensation analysts.

How Much Money Do Incentive Compensation Analysts Make?

Median salary is just one data point. To build a better understanding of how much money incentive compensation analysts and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.

Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for incentive compensation analysts.

Annual Salary for Incentive Compensation Analysts

According to the BLS, the lowest earners for incentive compensation analysts and related professions earned about $77,230 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $217,651 annually.

As mentioned previously, the median salary for incentive compensation analysts in the United States in 2022 was $131,269.

Hourly Salary for Incentive Compensation Analysts

The BLS also breaks down compensation for incentive compensation analysts by hourly salary, and the median average hourly pay for incentive compensation analysts in 2022 was $63. Lowest hourly earners took home $37 while the highest reported hourly salaries for incentive compensation analysts was $105.

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Degree Options for Incentive Compensation Analysts

Advertised Compensation for Incentive Compensation Analysts

Data from the BLS is one way to dig into compensation for incentive compensation analysts, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for incentive compensation analysts.

Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™

Annual Salary from Job Postings for Incentive Compensation Analysts

During a review of 23,698 job postings related to incentive compensation analysts, advertised salary was included in 4,672 of them, which was 20%. Based on those postings, the median advertised salary for incentive compensation analysts was $111,872 per year.

Hourly Salary from Job Postings for Incentive Compensation Analysts

A similar analysis of job postings provides insight into advertised hourly salary for incentive compensation analysts. Based on 36% of postings with advertised compensation, the median hourly salary for open positions for incentive compensation analysts in the United States is about $54.

Salary Trend for Incentive Compensation Analysts

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for incentive compensation analysts. The chart below provides a snapshot of advertised salaries over the past three years.

Based on compensation data that was included in job postings for incentive compensation analysts dating back to September 2019, advertised salaries for incentive compensation analysts have increased 58%.

What's the Job Growth for Incentive Compensation Analysts?

Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for incentive compensation analysts over the next 10 years.

According to the data obtained through Lightcast,™ there were 16,602 jobs for incentive compensation analysts in the United States in 2022. By 2032, it is expected that about 1,263 jobs will be added. That's a 7.6% increase over the next 10-year period.

Additional Links

Ready to dig deeper into career information about incentive compensation analysts? Visit our other pages focused on salary and education for incentive compensation analysts.

What do incentive compensation analysts do?
Incentive Compensation Analysts: How do you become one?

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