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The differences between regulatory affairs specialists and chief compliance officers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a chief compliance officer has an average salary of $102,166, which is higher than the $70,060 average annual salary of a regulatory affairs specialist.
The top three skills for a regulatory affairs specialist include regulatory affairs, FDA and regulatory agencies. The most important skills for a chief compliance officer are oversight, compliance issues, and risk management.
| Regulatory Affairs Specialist | Chief Compliance Officer | |
| Yearly salary | $70,060 | $102,166 |
| Hourly rate | $33.68 | $49.12 |
| Growth rate | - | - |
| Number of jobs | 9,915 | 76,701 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 60% |
| Average age | 46 | 46 |
| Years of experience | 4 | - |
A regulatory affairs specialist assists in securing and maintaining government approval for nutritional products, drugs, medical devices, and related supplies. They are often employed by medical, pharmaceutical, and biotechnology companies. They may also work in the government or law. Typically, they work on document preparation, file maintenance, information management, and coordination of tasks across various departments. They expanded their duties and responsibilities as a result of company acquisitions and restructuring, worldwide globalization of markets, and constantly evolving regulations.
A CCO or Chief Compliance Officer's primary responsibility is to ensure all procedures or activities are compliant with the company's overall policy and adhering to legal protocols with state and federal laws. Thus, the CCO drafts, proposes and develops compliance programs for the company to implement. Through the chief compliance officer's work, the company can lessen its liabilities and issues that may cause disruptions in production. The CCO is also part of the team that ensures quality in all company processes and activities.
Regulatory affairs specialists and chief compliance officers have different pay scales, as shown below.
| Regulatory Affairs Specialist | Chief Compliance Officer | |
| Average salary | $70,060 | $102,166 |
| Salary range | Between $49,000 And $99,000 | Between $65,000 And $159,000 |
| Highest paying City | Santa Rosa, CA | Washington, DC |
| Highest paying state | California | Delaware |
| Best paying company | Meta | McKinsey & Company Inc |
| Best paying industry | - | Finance |
There are a few differences between a regulatory affairs specialist and a chief compliance officer in terms of educational background:
| Regulatory Affairs Specialist | Chief Compliance Officer | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 60% |
| Most common major | Business | Law |
| Most common college | Stanford University | Harvard University |
Here are the differences between regulatory affairs specialists' and chief compliance officers' demographics:
| Regulatory Affairs Specialist | Chief Compliance Officer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 37.5% Female, 62.5% | Male, 64.7% Female, 35.3% |
| Race ratio | Black or African American, 10.7% Unknown, 4.5% Hispanic or Latino, 15.7% Asian, 8.2% White, 60.1% American Indian and Alaska Native, 0.8% | Black or African American, 11.1% Unknown, 4.5% Hispanic or Latino, 15.7% Asian, 8.2% White, 59.7% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 12% | 12% |