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A board member is part of the governing body that oversees the work of an institution, such as a public company or a nonprofit. Board members act as representatives for all of the shareholders, or investors, in an organization. Board members do not get involved in the day-to-day aspects of running the institution they oversee. Instead, they hire chief executives, such as CEOs and presidents, that they trust will do the work that is needed. Board members help set the overall direction of their company by reviewing financial documentation, setting policies that govern the company's ethics and procedures, and fundraising. If there is a crisis, such as a scandal surrounding one of the executives, board members are the ones that resolve it.
Board members are usually elected by shareholders. In order to qualify, they usually need at least a bachelor's degree and many years of professional experience, often as chief executives.
Board members earn an average salary of $108,641 a year, but this varies drastically from company to company. Board members of a vast corporation can earn eight figure salaries, while board members of a nonprofit often earn nothing at all.
Avg. Salary $70,751
Avg. Salary $59,228
Growth Rate 6%
Growth Rate 0.3%
American Indian and Alaska Native 0.64%
Asian 7.57%
Black or African American 3.71%
Hispanic or Latino 7.67%
Unknown 3.89%
White 76.52%
Genderfemale 53.65%
male 46.35%
Age - 52American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 52Stress level is very high
7.1 - high
Complexity Level is advanced
7 - challenging
Work Life balance is poor
6.4 - fair
Skills![]() ![]() | Percentages![]() ![]() |
---|---|
Non-Profit Organization | 18.19% |
Financial Statements | 16.77% |
Community Outreach | 10.02% |
Governance | 7.52% |
Alumni | 5.00% |
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Now it's time to start searching for a board member job. Consider the tips below for a successful job search:
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The average Board Member salary in the United States is $70,751 per year or $34 per hour. Board member salaries range between $25,000 and $199,000 per year.
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