The 2019 BRM Benchmarking Compensation Report shares one of many findings from the report revealed that BRMs who possess a Certified Business Relationship Manager® (CBRM®) training certification earn 14% higher compensation on average than BRMs who do not.
ATLANTA (PRWEB) November 19, 2019
Today Business Relationship Management Institute, Inc. (BRM Institute®) unveils the first comprehensive Business Relationship Management (BRM) compensation report made possible through the interactive BRM Benchmarking® program.
BRM Institute’s mission is to “Inspire the World Through BRM”. This is done through globally recognized standards, certifications, research, professional development opportunities, volunteer and networking experiences. It is the home for professionals who leverage the BRM community and BRM standards to satisfy purpose, evolve culture, build partnerships, and drive value.
This will be the third report on BRM Compensation provided by BRM Institute. Whereas the first two reports were based on a Salary Survey, this report utilizes the Institute’s first data collection period of the new, capacious BRM Benchmarking program. The BRM Benchmarking program continuously collects responses from professionals across the globe on subject areas including: compensation, organizational culture, BRM demand and value, BRM capability, and strategic relationships.
The 2019 BRM Benchmarking Compensation Report is based on the responses collected from BRM professionals across the globe, during the timeframe of October 2018 to September 2019.
Interestingly, one of many findings from the report revealed that BRMs who possess a Certified Business Relationship Manager® (CBRM®) training certification earn 14% higher compensation on average than BRMs who do not.
Additionally, over half of respondents in our 2019 BRM Benchmarking results indicated earning between $100,000 - $150,000 or higher in base pay compensation. This indicates that the Business Relationship Manager role is being recognized as vital to all internal and external business functions by many organizations on a global scale.
“BRM Institute’s interactive BRM Benchmarking capability is the definitive review and analysis of BRM-related practices, performance, and impact across the globe. We will continue to build, expand, and improve this program over time providing organizations a means to find value and leverage the wisdom of their global communities, allowing them to make informed decisions based on quantifiable data.” – Aaron Barnes, CEO BRM Institute
BRM Institute would like to thank every benchmark participant who contributed towards an improved understanding of current BRM compensation trends, as well as Kip Fanta Group for their sponsorship of this research and their continued support of the global BRM community.
The BRM Benchmarking program will continue indefinitely, each year collecting additional information to reveal comparison trends over time. As the base of information builds, so does the comparative value it provides all BRMs and all organizations aspiring to high-level BRM capability. All BRMs are encouraged to participate every year. By participating year-over-year, you will witness the trends in your situation, your industry, and across the profession as a whole. The BRM Benchmarking program is open to everyone who performs the BRM role, to any degree, in the nature of their work. All participants can perform comparative analysis immediately upon answering the benchmarking questions. The BRM Benchmarking increases in value as more BRMs answer the benchmark questions, so help yourself while helping the single global BRM community and add your entry into the benchmark today!
Additionally, Professional Members of BRM Institute have a wide spectrum of comparators to pick from and many pre-built comparative charts and graphs at their disposal. BRM Institute offers memberships at the individual and organizational level with which you will receive access to rich and rewarding professional development content like the BRM Institute Body of Knowledge, collaboration resources, a global network of fellow BRM professionals, webinars recordings, learning opportunities, and much more. You can look forward to joining a Community of Interest to share your opinions with other BRMs as we work together to strengthen the BRM community.
BRM Institute looks forward to continuing to support this benchmark platform and to building on it for years to come to benefit our single, global BRM community and their organizations.
About BRM Institute
Incorporated as a nonprofit corporation in February 2013, Business Relationship Management Institute Inc. (BRM Institute®) and has since established their triple bottom line to encompass People, Purpose, and Planet. As the world’s premier membership, professional development, and official certification organization, they are dedicated to serving the global business relationship management (BRM) community.
The BRM Benchmarking® Compensation Report is brought to you by:
- Kip Fanta Group through their sponsorship
- The Institute for Association and Nonprofit Research through their data analysis conveyed in the report