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The differences between regulatory compliance managers and regulatory compliance specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a regulatory compliance manager and a regulatory compliance specialist. Additionally, a regulatory compliance manager has an average salary of $102,841, which is higher than the $63,073 average annual salary of a regulatory compliance specialist.
The top three skills for a regulatory compliance manager include oversight, regulatory risk and CMS. The most important skills for a regulatory compliance specialist are risk assessments, regulatory compliance, and regulatory agencies.
| Regulatory Compliance Manager | Regulatory Compliance Specialist | |
| Yearly salary | $102,841 | $63,073 |
| Hourly rate | $49.44 | $30.32 |
| Growth rate | - | - |
| Number of jobs | 25,474 | 22,563 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Average age | 47 | 46 |
| Years of experience | 4 | 4 |
A regulatory compliance manager is responsible for evaluating the company's processes and procedures, ensuring that everything adheres to the internal guidelines and state regulations. Regulatory compliance managers write reports of observational findings, conducting audits on policies, and taking disciplinary actions for violations. They also facilitate regulatory training and programs to inform the employees of the company's procedures to avoid hazards and complications in the workplace. A regulatory compliance manager analyzes incident reports and complaints statements, resolving compliance issues immediately to avoid further reputational damage for the company.
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.
Regulatory compliance managers and regulatory compliance specialists have different pay scales, as shown below.
| Regulatory Compliance Manager | Regulatory Compliance Specialist | |
| Average salary | $102,841 | $63,073 |
| Salary range | Between $68,000 And $153,000 | Between $42,000 And $93,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | McKinsey & Company Inc | Microsoft |
| Best paying industry | Professional | Health Care |
There are a few differences between a regulatory compliance manager and a regulatory compliance specialist in terms of educational background:
| Regulatory Compliance Manager | Regulatory Compliance Specialist | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Harvard University |
Here are the differences between regulatory compliance managers' and regulatory compliance specialists' demographics:
| Regulatory Compliance Manager | Regulatory Compliance Specialist | |
| Average age | 47 | 46 |
| Gender ratio | Male, 54.5% Female, 45.5% | Male, 42.5% Female, 57.5% |
| Race ratio | Black or African American, 7.7% Unknown, 4.7% Hispanic or Latino, 12.9% Asian, 9.0% White, 65.1% American Indian and Alaska Native, 0.7% | 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 | 10% | 12% |