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The differences between compliance vice presidents and compliance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a compliance vice president has an average salary of $103,164, which is higher than the $57,330 average annual salary of a compliance specialist.
The top three skills for a compliance vice president include CMS, compliance program and internal audit. The most important skills for a compliance specialist are patients, regulatory compliance, and strong analytical.
| Compliance Vice President | Compliance Specialist | |
| Yearly salary | $103,164 | $57,330 |
| Hourly rate | $49.60 | $27.56 |
| Growth rate | - | 6% |
| Number of jobs | 46,578 | 34,610 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 61% |
| Average age | 47 | 46 |
| Years of experience | 4 | - |
Compliance Vice Presidents are executives who lead the compliance department of the company. They set goals and provide strategic direction to the department, oversee all the company's initiatives related to compliance, and ensure that all policies and guidelines are updated to reflect industry standards and the rules set by governing bodies. Compliance Vice Presidents set compliance guidelines for the company. Furthermore, they ensure that the company is compliant with government standards to avoid losing their license to operate.
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 vice presidents and compliance specialists have different pay scales, as shown below.
| Compliance Vice President | Compliance Specialist | |
| Average salary | $103,164 | $57,330 |
| Salary range | Between $68,000 And $154,000 | Between $38,000 And $85,000 |
| Highest paying City | Hoboken, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Delaware |
| Best paying company | Sumitomo Mitsui Financial Group | Meta |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between a compliance vice president and a compliance specialist in terms of educational background:
| Compliance Vice President | Compliance Specialist | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Harvard University |
Here are the differences between compliance vice presidents' and compliance specialists' demographics:
| Compliance Vice President | Compliance Specialist | |
| Average age | 47 | 46 |
| Gender ratio | Male, 56.1% Female, 43.9% | Male, 38.4% Female, 61.6% |
| Race ratio | Black or African American, 7.4% Unknown, 4.7% Hispanic or Latino, 12.5% Asian, 8.8% White, 65.9% American Indian and Alaska Native, 0.7% | 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% |
| LGBT Percentage | 10% | 12% |