As of August 01, 2026, the average salary for an ERM in Andover, MA is $248,725 per year, which breaks down to an hourly rate of $120.
However, an ERM's salary can vary significantly. Here’s a look at the typical salary range:
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An ERM's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.
Experience is a primary driver of an ERM's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Complianc... Level ERM | $108,598 |
| Complianc... Level ERM | $133,217 |
| Complianc... Level ERM | $168,172 |
| Complianc... Level ERM | $191,755 |
| ERM Level ERM | $243,074 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Leadership | 50% |
| Capital Market | 50% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Leadership
|
$258,674 |
4%
|
|
Capital Market
|
$256,187 |
3%
|
For ERM roles, the industry you choose can affect earning potential by as much as 89% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Energy & Utilities sectors offer the strongest compensation, at 30% above the average. In contrast, ERM positions in Transportation or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view ERM as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $323,342 | $155.0 | 30% |
| Energy & Utilities | $303,444 | $146.0 | 22% |
| Software & Networking | $298,470 | $143.0 | 20% |
| Pharmaceuticals | $286,034 | $138.0 | 15% |
| Aerospace & Defense | $278,572 | $134.0 | 12% |
Understanding how an ERM's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Ready to take the next step in your career? Browse thousands of current ERM job openings on our job board. Use the search bar below to find your perfect match.
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