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Senior Compensation Consultant Jobs (NOW HIRING)

Provide consulting services to senior management on compensation issues including pay strategy (structure and competitiveness), job architecture design, and digital activation of these designs

Senior Compensation Consultant

Boston, MA · On-site +1

$110K - $158K/yr

THE ROLE Using discretion and judgment, the Senior Compensation Consultant provides advanced compensation expertise, analytics, and consultation to support MFS's business and talent objectives. Owns ...

Provide consulting services to senior management on compensation issues including pay strategy (structure and competitiveness), job architecture design, and digital activation of these designs

As a senior-level team member, the consultant will mentor associate and specialist team members and serve as a subject matter expert for specific client compensation needs. ESSENTIAL FUNCTIONS

Provide consulting services to senior management on compensation issues including pay strategy (structure and competitiveness), job architecture design, and digital activation of these designs

Partners with business clients to understand and support their business objectives by providing analytical support, consulting, and compensation advice * Performs all other duties, as assigned ...

As a senior-level team member, the consultant will mentor associate and specialist team members and serve as a subject matter expert for specific client compensation needs. ESSENTIAL FUNCTIONS

WI · On-site

$97 - $111/hr

As a senior-level team member, the consultant will mentor associate and specialist team members and serve as a subject matter expert for specific client compensation needs. ESSENTIAL FUNCTIONS ...

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How much do senior compensation consultant jobs pay per hour?

As of Sep 2, 2026, the average hourly pay for senior compensation consultant in the United States is $69.94, according to ZipRecruiter salary data. Most workers in this role earn between $52.64 and $88.46 per hour, depending on experience, location, and employer.

What does a senior compensation consultant do?

A Senior Compensation Consultant is responsible for designing, implementing, and evaluating compensation programs and policies to ensure they align with an organization’s goals and market trends. They analyze salary data, develop competitive pay structures, and advise management on compensation strategies for attracting and retaining top talent. Additionally, they ensure compliance with legal and regulatory requirements related to employee compensation and may also oversee job evaluations and market pricing analyses.

What does a senior compensation consultant do?

As a senior compensation consultant, your responsibilities are to evaluate current compensation programs, conduct salary surveys, and manage salary ranges and merit guidelines to develop a compensation program that aligns with the company and business goals. Other duties include creating incentive programs, updating the current compensation program, analyzing business budgeting, and ensuring timely reporting. You may make recommendations for a salary increase or decrease based on market research, data analysis, job evaluations, and salary surveys. You may also provide expert guidance to company executives to set appropriate pay levels.

What are the key skills and qualifications needed to thrive as a senior compensation consultant?

To thrive as a Senior Compensation Consultant, you need expertise in compensation analysis, market benchmarking, and a strong understanding of HR principles, typically supported by a bachelor's degree in human resources, finance, or a related field. Familiarity with compensation management software, advanced Excel skills, and certifications like CCP (Certified Compensation Professional) are highly valued. Strong analytical thinking, communication, and stakeholder management skills help consultants deliver tailored solutions and advise leadership effectively. These skills are crucial for designing competitive compensation strategies that attract and retain top talent while ensuring internal equity and compliance.

How does a senior compensation consultant typically collaborate with HR and business leaders to develop effective compensation strategies?

A Senior Compensation Consultant works closely with HR teams and business leaders to analyze market data, internal pay equity, and organizational goals. They participate in strategy meetings, provide guidance on compensation trends, and help design incentive programs that align with company objectives. Regular collaboration ensures compensation strategies support talent retention and business growth, while also complying with legal and regulatory standards. Effective communication and partnership are key, as consultants often present findings and recommendations to executive leadership for approval.

What is the difference between Senior Compensation Consultant vs Compensation Analyst?

AspectSenior Compensation ConsultantCompensation Analyst
Required CredentialsBachelor's degree, often advanced certifications (e.g., CCP)Bachelor's degree, sometimes certifications
Work EnvironmentConsulting firms, HR departments, large corporationsHR departments, corporate offices, finance teams
Employer & Industry UsageUsed across industries for strategic compensation planningPrimarily in HR teams for data analysis and administration
Common Search & ComparisonOften compared for seniority and strategic rolesCompared for entry to mid-level compensation analysis roles

The main difference is that a Senior Compensation Consultant focuses on strategic compensation planning, policy development, and consulting, often working with multiple clients or departments. In contrast, a Compensation Analyst typically handles data analysis, salary surveys, and administration within an organization. The Senior Compensation Consultant's role is more strategic and advisory, while the Compensation Analyst's role is more operational and data-driven.

What cities are hiring for Senior Compensation Consultant jobs?

Cities with the most Senior Compensation Consultant job openings:

What are the most commonly searched types of Compensation Consultant jobs?

The most popular types of Compensation Consultant jobs are:

Who are the top companies hiring for Senior Compensation Consultant jobs?

The top employers for Senior Compensation Consultant jobs are:

What states have the most Senior Compensation Consultant jobs?

States with the most job openings for Senior Compensation Consultant jobs include:

What job categories do people searching Senior Compensation Consultant jobs look for?

The top searched job categories for Senior Compensation Consultant jobs are:

Infographic showing various Senior Compensation Consultant job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, and 4% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $145,475 per year, or $69.9 per hour.

Senior Compensation Consultant

East West Bank

Pasadena, CA • On-site

$75 - $140/hr

Other

Posted 22 days ago


East West Bank rating

7.2

Company rating: 7.2 out of 10

Based on 9 frontline employees who took The Breakroom Quiz

118th of 174 rated banks


Job description

Introduction

Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement. Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.

Overview

We are currently seeking a Senior Compensation Consultant to lead the development, analysis, and implementation of the Bank’s performance and compensation programs that align with our business objectives. This position is reported to the Director of Compensation and will be responsible for conducting in-depth compensation analyses, supporting salary structures, managing incentive programs, and ensuring compliance with compensation regulations. This is an individual contributor in the compensation function and requires exceptional consultative, analytical and influencing skills along with a strong customer service orientation.

Responsibilities
  • Actively participate in the administration and communication of Bank’s performance and compensation activities including annual performance review and compensation planning cycle, sales incentive plan, system implementation, and process improvement as needed
  • Conduct compensation analyses to support hiring, promotions, internation transfer, and retention strategies which are market competitive and internally aligned
  • Participate in the salary benchmark survey, conduct regular market analysis to ensure the competitiveness of the organization's compensation packages, and proactively provide the analysis of market trends with recommendations.
  • Stays abreast of federal, state, and local compensation and payroll ordinances and Bank regulatory requirements ensuring Bank compliance
  • Work with Director of Compensation and HR business partners on a variety of projects, including program design, analysis, budgeting, and implementation of new programs as needed.
  • Continuously improve compensation processes, systems, and best practices
  • Performs other duties as assigned
Qualifications
  • Bachelor’s Degree in Finance, Business, Human Resources or relevant field of study
  • 5+ years professional level broad compensation experience including drafting job descriptions, evaluating jobs, participating in compensation surveys as well as managing salary grades, job families, career ladders and related compensation policies, programs and procedures
  • Exceptional knowledge of Excel and extremely strong analytical and quantitative skills and ability to work independently in a fast-paced and rapidly changing environment
  • Highly detailed driven with emphasis on accuracy, coupled with the ability to see the broader picture
  • Strong interpersonal skills – including excellent written and oral communication skills
  • Ability to manage multiple projects and collaborate with cross-functional teams
  • Banking industry compensation experience is beneficial and Certified Compensation Professional (CCP) is a plus
Compensation

The base pay range for this position is USD $75,000.00/Yr. - USD $140,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

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