IR Magazine has released its latest report into the pay, roles and responsibilities of IR professionals across the globe. Based on responses from more than 650 IR professionals, the IR Magazine Global IR Salary & Careers Report 2020 looks at this information by region, cap size and job title.
The report examines the current level of salaries and bonuses paid to IR practitioners, both IR heads and IROs. This year the report also investigates the previous roles IR practitioners had before joining IR, what responsibilities outside of IR they have and what professional and non-professional qualifications they have attained.
The report continues IR Magazine’s ongoing investigation into the gender gap by comparing the roles of men and women in IR, along with their pay and bonus levels.
Key findings
- The global median salary range for IR heads is $150,000-$199,999 and for IROs is $75,000-$99,999.
- The number of IR heads and IROs earning above the median salary range has increased in the past two years.
- The number of IR professionals receiving bonuses has increased in the past two years but the bonuses received are proportionately smaller.
- Salaries for both IR heads and IROs increase with cap size.
- One fifth of IR practitioners have a professional IR qualification and less than half have a wider professional qualification.
- More than seven in 10 IR professionals are educated to post-graduate level, with 43 percent holding an MBA.
- More than a third of IR professionals come from a corporate financial background, while just under three in 10 worked in capital markets before switching to IR.
- More than a third of IR professionals globally have corporate communications responsibilities included in their role, while just over three in 10 have no additional responsibilities outside of IR.
- There has been a considerable narrowing of the gender pay gap among IR heads in the past two years.
- The median salary range for male IROs has increased, while for women it has decreased, representing an increase in the gender pay gap for IROs.
- Female IR professionals are more likely to have additional responsibilities for corporate communications and PR, while men working in IR are more likely to have additional responsibilities for corporate strategy and treasury.
Click here to download the report.
