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The differences between compliance specialists and regulatory compliance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a regulatory compliance specialist has an average salary of $63,073, 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 regulatory compliance specialist are risk assessments, regulatory compliance, and regulatory agencies.
| Compliance Specialist | Regulatory Compliance Specialist | |
| Yearly salary | $57,330 | $63,073 |
| Hourly rate | $27.56 | $30.32 |
| Growth rate | 6% | - |
| Number of jobs | 34,610 | 22,563 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| 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.
A regulatory compliance specialist job is to ensure that organizations conform to industry standards, specifications, regulations, and laws. They review operating practices, make and enforce compliance plans, and perform regulatory possible risk management. They may be employed as consultants or hired by an organization. They will review documentation, coordinating regulatory compliance procedures across organizations, collaborating with stakeholders, internal and external, on issues related to compliance, and performing audits. In addition, this job requires extensive experience in regulatory compliance and profound industry knowledge.
Compliance specialists and regulatory compliance specialists have different pay scales, as shown below.
| Compliance Specialist | Regulatory Compliance Specialist | |
| Average salary | $57,330 | $63,073 |
| Salary range | Between $38,000 And $85,000 | Between $42,000 And $93,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Delaware | New Jersey |
| Best paying company | Meta | Microsoft |
| Best paying industry | Pharmaceutical | Health Care |
There are a few differences between a compliance specialist and a regulatory compliance specialist in terms of educational background:
| Compliance Specialist | Regulatory Compliance Specialist | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Harvard University | Harvard University |
Here are the differences between compliance specialists' and regulatory compliance specialists' demographics:
| Compliance Specialist | Regulatory Compliance Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 38.4% Female, 61.6% | Male, 42.5% Female, 57.5% |
| 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, 11.1% Unknown, 4.5% Hispanic or Latino, 15.3% Asian, 8.1% White, 60.3% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 12% | 12% |