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The differences between compliance officers and regulatory affairs specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a regulatory affairs specialist has an average salary of $70,060, which is higher than the $64,058 average annual salary of a compliance officer.
The top three skills for a compliance officer include oversight, risk management and compliance program. The most important skills for a regulatory affairs specialist are regulatory affairs, FDA, and regulatory agencies.
| Compliance Officer | Regulatory Affairs Specialist | |
| Yearly salary | $64,058 | $70,060 |
| Hourly rate | $30.80 | $33.68 |
| Growth rate | - | - |
| Number of jobs | 69,161 | 9,915 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 66% |
| Average age | 46 | 46 |
| Years of experience | - | 4 |
A compliance officer is responsible for monitoring company operations, ensuring that all the processes and members are adhering to the regulatory and procedural policies set by the company. Compliance officers' duties also include proposing compliance programs, reviewing and updating existing company policies with management approval, taking immediate actions for policy violations, and mitigating risks. A compliance officer must have extensive knowledge of legal procedures and regulatory standards to manage and evaluate problems, providing meaningful solutions, and keep the company's positive reputation.
A regulatory affairs specialist assists in securing and maintaining government approval for nutritional products, drugs, medical devices, and related supplies. They are often employed by medical, pharmaceutical, and biotechnology companies. They may also work in the government or law. Typically, they work on document preparation, file maintenance, information management, and coordination of tasks across various departments. They expanded their duties and responsibilities as a result of company acquisitions and restructuring, worldwide globalization of markets, and constantly evolving regulations.
Compliance officers and regulatory affairs specialists have different pay scales, as shown below.
| Compliance Officer | Regulatory Affairs Specialist | |
| Average salary | $64,058 | $70,060 |
| Salary range | Between $42,000 And $96,000 | Between $49,000 And $99,000 |
| Highest paying City | Wilmington, DE | Santa Rosa, CA |
| Highest paying state | Delaware | California |
| Best paying company | Meta | Meta |
| Best paying industry | Finance | - |
There are a few differences between a compliance officer and a regulatory affairs specialist in terms of educational background:
| Compliance Officer | Regulatory Affairs Specialist | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Harvard University | Stanford University |
Here are the differences between compliance officers' and regulatory affairs specialists' demographics:
| Compliance Officer | Regulatory Affairs Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.8% Female, 51.2% | Male, 37.5% Female, 62.5% |
| Race ratio | Black or African American, 11.1% Unknown, 4.5% Hispanic or Latino, 15.9% Asian, 8.3% White, 59.4% American Indian and Alaska Native, 0.8% | Black or African American, 10.7% Unknown, 4.5% Hispanic or Latino, 15.7% Asian, 8.2% White, 60.1% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 12% | 12% |