Institute of Commercial Payments (IOCP) has released the results of its latest salary survey, offering an in-depth analysis of compensation structures across the Commercial Card and Payments industry.
WAYZATA, Minn., Jan. 2, 2025 /PRNewswire-PRWeb/ -- Institute of Commercial Payments (IOCP) has released the results of the eighth edition of its salary survey, offering an in-depth analysis of compensation structures across the Commercial Card and Payments industry.
The report provides insights into high, low, and average salaries by role, sector (corporate, higher education and government/K-12), experience level and education. It also includes comparative earnings between professionals with and without the Certified Purchasing Card Professional (CPCP) credential, as well as compensation based on the size of the programs managed.
"Our exclusive Salary Survey Report is more than data," said Laura Flandrick, CPCP, CPA, IOCP Managing Director. "As the gold standard for compensation insights, it helps employees navigate career growth and compensation expectations more strategically, while allowing employers to benchmark their compensation packages to attract and retain the best talent."
This report will also help Commercial Payments end-user practitioners more effectively:
- Benchmark Earnings: Compare salary to industry averages by role, sector and experience level
- Support Compensation Negotiations: Leverage data on salary trends, including sector-specific pay and the impact of program size, to strengthen the case in salary and promotion discussions
Sampling of key findings:
- 55% more is earned by corporate management oversight positions than those in corporate program administration
- When separating salary by job role and sector, corporates continue to earn the highest on average followed by government/K-12, then higher education.
- Those with the Certified Purchasing Card Professional (CPCP) credential make more on average regardless of sector.
The full report is available free to IOCP members. Members and complimentary subscribers may access the free Executive Summary. (Subscribe at iocpnow.com/subscribe) The report is also available for purchase in our online store.
About Institute of Commercial Payments.
IOCP is a membership-based professional organization committed to advancing Commercial Card and Payment professionals and industry practices worldwide. Serving a community of more than 19,000 members and subscribers since 1999, Institute of Commercial Payments is a respected voice in the industry and an impartial resource for members at all experience levels in the public and private sectors. We provide unmatched opportunities for continuing education and peer networking through conferences, virtual events, our website and regular communication. The Institute sponsors research and publishes timely and relevant white papers, survey results and other documents. Institute of Commercial Payments also offers a Certified Purchasing Card Professional (CPCP) credential.
Media Contact
Amy Allen, IOCP, 1 4342384493, [email protected], iocpnow.com
SOURCE IOCP
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