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The differences between compliance specialists and compliance analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a compliance analyst has an average salary of $59,108, which is higher than the $57,330 average annual salary of a compliance specialist.
The top three skills for a compliance specialist include patients, regulatory compliance and strong analytical. The most important skills for a compliance analyst are powerpoint, customer service, and risk assessments.
| Compliance Specialist | Compliance Analyst | |
| Yearly salary | $57,330 | $59,108 |
| Hourly rate | $27.56 | $28.42 |
| Growth rate | 6% | 6% |
| Number of jobs | 34,610 | 26,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 66% |
| Average age | 46 | 46 |
| Years of experience | - | - |
The role of compliance specialists is to ensure that companies comply with relevant industry standards and regulations. Their duties may vary depending on the industry they work in, such as healthcare or banking. Tasks include reviewing their company's business practices to ensure they follow specific regulations, resolving compliance issues that may arise, and being up-to-date with regulatory changes. As a compliance specialist, you should have industry expertise, in-depth knowledge of regulations, and auditing skills.
A compliance analyst is in charge of ensuring that every operation and aspect in a company or facility adheres to the laws and regulations. They are also responsible for conducting regular inspections and assessments, producing reports and presentations, disseminating necessary information and reminders, researching existing policies and laws related to the industry, and remaining updated with new regulations. Furthermore, there are instances when a compliance analyst must gather requirements and process them to receive compliance certifications from agencies.
Compliance specialists and compliance analysts have different pay scales, as shown below.
| Compliance Specialist | Compliance Analyst | |
| Average salary | $57,330 | $59,108 |
| Salary range | Between $38,000 And $85,000 | Between $39,000 And $87,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Delaware | California |
| Best paying company | Meta | Meta |
| Best paying industry | Pharmaceutical | Technology |
There are a few differences between a compliance specialist and a compliance analyst in terms of educational background:
| Compliance Specialist | Compliance Analyst | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Harvard University | University of Pennsylvania |
Here are the differences between compliance specialists' and compliance analysts' demographics:
| Compliance Specialist | Compliance Analyst | |
| Average age | 46 | 46 |
| Gender ratio | Male, 38.4% Female, 61.6% | Male, 43.5% Female, 56.5% |
| Race ratio | Black or African American, 10.9% Unknown, 4.5% Hispanic or Latino, 15.7% Asian, 8.2% White, 59.8% American Indian and Alaska Native, 0.8% | Black or African American, 11.5% Unknown, 4.4% Hispanic or Latino, 15.2% Asian, 8.0% White, 60.1% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 12% | 12% |