Compensation Analyst job description

A compensation analyst prices jobs against survey data, writes and grades job descriptions, models the annual merit and bonus cycle, tests pay ranges for equity, and then explains all of it to an executive who did not expect the answer. BLS counts the work under compensation, benefits, and job analysis specialists, 118,100 jobs in 2025, paying a May 2025 median of $78,210 across a reported spread of $49,480 to $128,920. Entry takes a bachelor's degree and, typically, under five years in a related job. Insurance carriers employ about 20 percent of the occupation, more than any other industry.