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The differences between compliance specialists and compliance managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a compliance manager has an average salary of $95,130, 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 manager are oversight, ethics, and risk management.
| Compliance Specialist | Compliance Manager | |
| Yearly salary | $57,330 | $95,130 |
| Hourly rate | $27.56 | $45.74 |
| Growth rate | 6% | - |
| Number of jobs | 34,610 | 19,088 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Average age | 46 | 47 |
| Years of experience | - | 4 |
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.
Compliance managers are professionals who maintain the ethical and legal integrity of an organization. They establish and oversee control systems to deal with and prevent violations against internal policies and legal guidelines. It is their responsibility to assess the efficiency of controls and improve their continuity. They are professionals with exceptional analytical skills as they design control systems, execute regular audits, and enforce organizational policies. The skills necessary for this job include strong communication skills and knowledge of industry regulations and procedures.
Compliance specialists and compliance managers have different pay scales, as shown below.
| Compliance Specialist | Compliance Manager | |
| Average salary | $57,330 | $95,130 |
| Salary range | Between $38,000 And $85,000 | Between $66,000 And $136,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Delaware | California |
| Best paying company | Meta | Meta |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a compliance specialist and a compliance manager in terms of educational background:
| Compliance Specialist | Compliance Manager | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Harvard University | Stanford University |
Here are the differences between compliance specialists' and compliance managers' demographics:
| Compliance Specialist | Compliance Manager | |
| Average age | 46 | 47 |
| Gender ratio | Male, 38.4% Female, 61.6% | Male, 48.6% Female, 51.4% |
| 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, 7.6% Unknown, 4.7% Hispanic or Latino, 12.8% Asian, 8.8% White, 65.4% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 12% | 10% |