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The differences between compliance specialists and licensing specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a compliance specialist has an average salary of $57,330, which is higher than the $53,533 average annual salary of a licensing specialist.
The top three skills for a compliance specialist include patients, regulatory compliance and strong analytical. The most important skills for a licensing specialist are customer service, social work, and foster care.
| Compliance Specialist | Licensing Specialist | |
| Yearly salary | $57,330 | $53,533 |
| Hourly rate | $27.56 | $25.74 |
| Growth rate | 6% | 10% |
| Number of jobs | 34,610 | 23,188 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| 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 licensing specialist typically works at government agencies where they are in charge of providing licenses and permits to applicants while adhering to the company's policies and regulations. Among their responsibilities include gathering and verifying identification files, reviewing and validating requirements, answering inquiries, collecting fees, conducting tests and examinations, and assisting applicants in filling out documents. Moreover, a licensing specialist must maintain an active communication line with staff, regularly coordinating for a smooth and efficient workflow.
Compliance specialists and licensing specialists have different pay scales, as shown below.
| Compliance Specialist | Licensing Specialist | |
| Average salary | $57,330 | $53,533 |
| Salary range | Between $38,000 And $85,000 | Between $32,000 And $87,000 |
| Highest paying City | San Francisco, CA | Boston, MA |
| Highest paying state | Delaware | Vermont |
| Best paying company | Meta | Microsoft |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a compliance specialist and a licensing specialist in terms of educational background:
| Compliance Specialist | Licensing Specialist | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Harvard University | - |
Here are the differences between compliance specialists' and licensing specialists' demographics:
| Compliance Specialist | Licensing Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 38.4% Female, 61.6% | Male, 26.1% Female, 73.9% |
| 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, 10.7% Unknown, 4.5% Hispanic or Latino, 15.9% Asian, 8.1% White, 60.0% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 12% | 12% |