According to professionals working in the compliance domain, this field is fun and not boring. If you find this field interesting, you won't mind getting a role as a regulatory compliance officer. The responsibility of a regulatory compliance officer is to make sure that a company complies with its internal bylaws and policies and also with its outside legal and regulatory requirements. Normally, employers hire candidates with a bachelor's degree in management, finance, economics, law, or engineering with relevant knowledge of ethical practices.
However, you will also find many candidates with a bachelor's degree in business or criminal justice who become regulatory compliance officers. By working as a regulatory compliance officer, you can expect to earn $34 an hour and make more than $70,000 per annum. The pay is decent, and you can choose to pursue your career in this field if it is exciting for you.
How to Become a Regulatory Compliance Officer
There is more than meets the eye when it comes to being a regulatory compliance officer. For example, did you know that they make an average of $32.74 an hour? That's $68,102 a year!
What Does a Regulatory Compliance Officer Do
When it comes to the most important skills required to be a regulatory compliance officer, we found that a lot of resumes listed 21.9% of regulatory compliance officers included regulatory agencies, while 6.7% of resumes included risk management, and 6.5% of resumes included ensure compliance. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
How To Become a Regulatory Compliance Officer
If you're interested in becoming a regulatory compliance officer, one of the first things to consider is how much education you need. We've determined that 60.2% of regulatory compliance officers have a bachelor's degree. In terms of higher education levels, we found that 15.4% of regulatory compliance officers have master's degrees. Even though most regulatory compliance officers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a regulatory compliance officer. When we researched the most common majors for a regulatory compliance officer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on regulatory compliance officer resumes include doctoral degree degrees or associate degree degrees.
You may find that experience in other jobs will help you become a regulatory compliance officer. In fact, many regulatory compliance officer jobs require experience in a role such as paralegal. Meanwhile, many regulatory compliance officers also have previous career experience in roles such as law clerk or internship.
Regulatory Compliance Officer Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of manager you might progress to a role such as director eventually. Later on in your career, you could end up with the title corporate vice president.
Average Salary for a Regulatory Compliance Officer
What Am I Worth?
Top Colleges for Regulatory Compliance Officers
1. University of Michigan - Ann Arbor
Ann Arbor, MI • Private
2. University of North Carolina at Chapel Hill
Chapel Hill, NC • Private
3. University of Pennsylvania
Philadelphia, PA • Private
4. Duke University
Durham, NC • Private
5. University of Washington
Seattle, WA • Private
6. University of Southern California
Los Angeles, CA • Private
7. University of Minnesota - Twin Cities
Minneapolis, MN • Private
8. Northeastern University
Boston, MA • Private
9. Yale University
New Haven, CT • Private
10. SUNY Stony Brook
Stony Brook, NY • Private
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Regulatory Compliance Officer Demographics
Regulatory Compliance Officer Gender Distribution
After extensive research and analysis, Zippia's data science team found that:
- Among regulatory compliance officers, 51.7% of them are women, while 48.3% are men.
- The most common race/ethnicity among regulatory compliance officers is White, which makes up 62.9% of all regulatory compliance officers.
- The most common foreign language among regulatory compliance officers is Spanish at 53.8%.
Online Courses For Regulatory Compliance Officer That You May Like
Compliance isn't only about preventing problems and ensuring that everyone is abiding by laws, rules, and regulations. It's also about the positive impact a robust and ethical compliance program can have on a business or organization. In this course we will discuss why compliance is important - from the needs facing businesses in highly regulated industries to avoiding fines and penalties to preventing reputational and economic nightmares. We'll examine real-world examples of compliance and gove...
Once you have an understanding of what compliance is, and why it may be important, it is natural to wonder next, "What should I do about it?" In this course, we'll explore one of the key factors for creating a positive culture of compliance: human psychology. We'll think about what drives us, what makes us pay attention, what distracts, and how all of these pieces help build a strong belief in an organizational culture of compliance. We will examine formal compliance programs, diving into the nu...
Best States For a Regulatory Compliance Officer
Some places are better than others when it comes to starting a career as a regulatory compliance officer. The best states for people in this position are California, Connecticut, New Hampshire, and Massachusetts. Regulatory compliance officers make the most in California with an average salary of $94,716. Whereas in Connecticut and New Hampshire, they would average $90,948 and $90,279, respectively. While regulatory compliance officers would only make an average of $87,856 in Massachusetts, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Massachusetts
$87,856
Avg. Salary
2. Rhode Island
$87,798
Avg. Salary
3. North Dakota
$83,063
Avg. Salary
How Do Regulatory Compliance Officer Rate Their Jobs?
Top Regulatory Compliance Officer Employers
Most Common Employers For Regulatory Compliance Officer
| Rank | Company | Average Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| 1 | Citi | $136,150 | $65.46 | 8 |
| 2 | JPMorgan Chase & Co. | $121,959 | $58.63 | 2 |
| 3 | Deutsche Bank | $114,897 | $55.24 | 3 |
| 4 | Bank of America | $114,171 | $54.89 | 2 |
| 5 | Wells Fargo | $113,655 | $54.64 | 11 |
| 6 | Western Asset Management | $88,025 | $42.32 | 2 |
| 7 | Sanofi Genzyme | $84,926 | $40.83 | 5 |
| 8 | Cardinal Health | $81,117 | $39.00 | 4 |
| 9 | Scripps Health | $80,564 | $38.73 | 2 |
| 10 | Health Alliance Plan | $76,260 | $36.66 | 2 |