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The differences between compliance coordinators and regulatory compliance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a regulatory compliance specialist has an average salary of $63,073, which is higher than the $49,472 average annual salary of a compliance coordinator.
The top three skills for a compliance coordinator include customer service, patients and data entry. The most important skills for a regulatory compliance specialist are risk assessments, regulatory compliance, and regulatory agencies.
| Compliance Coordinator | Regulatory Compliance Specialist | |
| Yearly salary | $49,472 | $63,073 |
| Hourly rate | $23.78 | $30.32 |
| Growth rate | 6% | - |
| Number of jobs | 33,823 | 22,563 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | - | 4 |
A compliance coordinator specializes in ensuring that every aspect of a company adheres to its policies and regulations, including the state laws. Their responsibilities revolve around maintaining an active communication line with different departments to gather and analyze data, identifying vulnerable areas and risks, conducting internal investigations and inspections on compliance violations, assessing workforce performance, and reviewing product and systems documentation. Furthermore, it is essential to gather compliance certifications or data, all while reporting to the risk committee, managers, and other high-ranking officials.
A regulatory compliance specialist job is to ensure that organizations conform to industry standards, specifications, regulations, and laws. They review operating practices, make and enforce compliance plans, and perform regulatory possible risk management. They may be employed as consultants or hired by an organization. They will review documentation, coordinating regulatory compliance procedures across organizations, collaborating with stakeholders, internal and external, on issues related to compliance, and performing audits. In addition, this job requires extensive experience in regulatory compliance and profound industry knowledge.
Compliance coordinators and regulatory compliance specialists have different pay scales, as shown below.
| Compliance Coordinator | Regulatory Compliance Specialist | |
| Average salary | $49,472 | $63,073 |
| Salary range | Between $34,000 And $71,000 | Between $42,000 And $93,000 |
| Highest paying City | Dover, DE | San Francisco, CA |
| Highest paying state | Delaware | New Jersey |
| Best paying company | Meta | Microsoft |
| Best paying industry | Finance | Health Care |
There are a few differences between a compliance coordinator and a regulatory compliance specialist in terms of educational background:
| Compliance Coordinator | Regulatory Compliance Specialist | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Harvard University |
Here are the differences between compliance coordinators' and regulatory compliance specialists' demographics:
| Compliance Coordinator | Regulatory Compliance Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 31.7% Female, 68.3% | Male, 42.5% Female, 57.5% |
| Race ratio | Black or African American, 10.7% Unknown, 4.5% Hispanic or Latino, 15.6% Asian, 8.2% White, 60.3% American Indian and Alaska Native, 0.8% | Black or African American, 11.1% Unknown, 4.5% Hispanic or Latino, 15.3% Asian, 8.1% White, 60.3% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 12% | 12% |