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The differences between compliance vice presidents and regulatory affairs managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a compliance vice president and a regulatory affairs manager. Additionally, a regulatory affairs manager has an average salary of $117,714, which is higher than the $103,164 average annual salary of a compliance vice president.
The top three skills for a compliance vice president include CMS, compliance program and internal audit. The most important skills for a regulatory affairs manager are regulatory affairs, FDA, and medical devices.
| Compliance Vice President | Regulatory Affairs Manager | |
| Yearly salary | $103,164 | $117,714 |
| Hourly rate | $49.60 | $56.59 |
| Growth rate | - | - |
| Number of jobs | 46,578 | 12,569 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Average age | 47 | 47 |
| Years of experience | 4 | 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.
A regulatory affairs manager is in charge of ensuring that all aspects of a company adhere to the rules and regulations set by regulatory agencies. Their responsibilities revolve around devising regulation compliance strategies, creating training and orientation programs to inform the staff on the policies and standards, conducting internal inspections and information drives, and keeping abreast with the latest rules and regulations. Moreover, a regulatory affairs manager is in charge of processing and submitting necessary documents to government agencies, ensuring compliance and timeliness.
Compliance vice presidents and regulatory affairs managers have different pay scales, as shown below.
| Compliance Vice President | Regulatory Affairs Manager | |
| Average salary | $103,164 | $117,714 |
| Salary range | Between $68,000 And $154,000 | Between $78,000 And $177,000 |
| Highest paying City | Hoboken, NJ | San Rafael, CA |
| Highest paying state | New Jersey | Vermont |
| Best paying company | Sumitomo Mitsui Financial Group | McKinsey & Company Inc |
| Best paying industry | Finance | - |
There are a few differences between a compliance vice president and a regulatory affairs manager in terms of educational background:
| Compliance Vice President | Regulatory Affairs Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between compliance vice presidents' and regulatory affairs managers' demographics:
| Compliance Vice President | Regulatory Affairs Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 56.1% Female, 43.9% | Male, 45.8% Female, 54.2% |
| 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, 7.7% Unknown, 4.7% Hispanic or Latino, 12.8% Asian, 9.0% White, 65.1% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 10% | 10% |