Business Continuity Manager Salary
The average Business Continuity Manager in the United States earns approximately $86K annually. Total incomes of Business Continuity Managers incorporate potential for, in a few cases, more than $15K from bonuses and close to $7K from profit sharing; these performance components cause packages to range between $53K and $122K. Career length is the biggest factor affecting pay for this group, followed by geography. Men make up a slight majority of Business Continuity Managers (58 percent) who responded to the survey. Job satisfaction is reported as high by the vast majority of workers. Medical and dental coverage is claimed by most, and a strong majority earn vision coverage. Respondents to the PayScale salary survey provided the data for this report.
Job Description for Business Continuity Manager
A business continuity manager is the person who is responsible for the development and management of a business process before, during, and after a disaster. This is a position which will generally work in an office, though some travel can often be required. While this position will typically keep traditional office hours, extended work hours may be required depending on the organization and the position. This person will work with a team of employees, and the position is supervisory in nature. A business continuity manager should minimally attain a bachelor's degree in a field relating to business, and many organizations require several years of experience within disaster recovery.Read More...
A business continuity manager will have a variety of responsibilities as relating to disaster recovery strategies within their company. Though exact responsibilities may vary depending on their organization, some responsibilities across the board include analyzing risk assessment and business impact, documenting business continuity, planning and conducting mock-disaster processes, determining the adequacy of existing disaster plans, updating and implementing changes within disaster procedures and plans, assessing accountability within the organization, maintaining an inventory of disaster recovery strategies, developing standards of communication during crises, and working in coordination with relevant departments in the organization (including human resources, legal, public relations, and technology). This is a position which requires a person who is highly analytical and thinks in a critical manner. A business continuity manager must be a person who maintains composure in all circumstances.
Business Continuity Manager Tasks
- Develop, implement, and test disaster recovery policies and plans.
- Review and analyze business impacts for each financial group, tracking status, and risks.
- Test and evaluate software and vendors for security and redundancy of services and data.
- Respond to emergencies and data losses, mitigate incidents, and plan to avoid them in the future.
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Pay by Experience Level for Business Continuity Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience seems to be a major factor in determining the incomes of Business Continuity Managers. Workers with less than five years' experience earn around $74K on average, and those who have five to 10 years under their belts see a higher median salary of $87K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $103K. Business Continuity Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $118K.