Question 1

How do I get compliance certified?

Accepted Answer

The requirements for becoming compliance certified depend on the industry that you are working in. Various requirements need to be met before a compliance manager can apply for certification.

Question 2

How much do compliance managers make?

Accepted Answer

Compliance managers make an average salary of $110,000 per year. Several factors determine a salary that can range from $50,000 to $155,000 annually.

Experience is probably the most important factor in determining the salary of a compliance manager. Entry-level positions in compliance management average approximately $53,000, while a junior compliance manager with limited experience earns an average of $73,000 per year.

Question 3

How much do regulatory compliance managers make?

Accepted Answer

Regulatory compliance managers make an average salary of $122,000 per year. Industry, location, and experience all factor in when determining a regulatory compliance manager's salary.

Compliance managers working in scientific fields or technical services earn more than in other fields. Jobs in these fields pay an average of $154,000 annually.

Question 4

How much does the head of compliance earn?

Accepted Answer

The head of compliance earns approximately $114,600 per year. Depending upon several factors, this salary can vary from a low of $49,000 to a high of $186,500 annually.

The majority of individuals serving as head of compliance earn between $86,000 and $137,000. This range represents over 50% of all compliance heads.

Question 5

How do I become a good compliance manager?

Accepted Answer

To become a good compliance manager requires both mandatory education and, in many cases, certifications. Compliance managers work in many different industries and must learn the specific rules and regulations of the industry in which they work.

Question 6

What qualifications do I need to be a compliance officer?

Accepted Answer

The qualifications you need to be a compliance officer are a bachelor's degree and demonstrating an appropriate skill set. There are no current accredited degrees for compliance; however, a degree in criminal justice, business management, or finance are all preferred modes of entry for budding compliance officers.

Question 7

What skills should a compliance manager have?

Accepted Answer

Compliance managers should possess the skills of leadership, communication, and a deep understanding of the law. Because compliance managers work in various industries, they must be aware of industry-specific regulations.

Frequently asked questions about compliance managers

Questions about becoming a compliance manager