Risk management staff earn many multiples of per capita income
Risk managers paid more in richest jurisdictions but poorer countries still pay competitive wages
Most central bank risk managers are paid many multiples of GDP per capita, indicating the need to pay a high salary to attract skilled professionals.
In all, 15 central banks provided data on annual staff salaries, on a full-time equivalent (FTE) basis. All but one respondent was paid a higher average wage than the country’s GDP per capita. On average, salaries were 6.3 times GDP per capita. The highest multiple was over 35 times GDP per capita, paid by a central bank in a low income country.
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