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The differences between regulatory compliance specialists 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 regulatory compliance specialist and a regulatory affairs manager. Additionally, a regulatory affairs manager has an average salary of $117,714, which is higher than the $63,073 average annual salary of a regulatory compliance specialist.
The top three skills for a regulatory compliance specialist include risk assessments, regulatory compliance and regulatory agencies. The most important skills for a regulatory affairs manager are regulatory affairs, FDA, and medical devices.
| Regulatory Compliance Specialist | Regulatory Affairs Manager | |
| Yearly salary | $63,073 | $117,714 |
| Hourly rate | $30.32 | $56.59 |
| Growth rate | - | - |
| Number of jobs | 22,563 | 12,569 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 64% |
| Average age | 46 | 47 |
| Years of experience | 4 | 4 |
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.
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.
Regulatory compliance specialists and regulatory affairs managers have different pay scales, as shown below.
| Regulatory Compliance Specialist | Regulatory Affairs Manager | |
| Average salary | $63,073 | $117,714 |
| Salary range | Between $42,000 And $93,000 | Between $78,000 And $177,000 |
| Highest paying City | San Francisco, CA | San Rafael, CA |
| Highest paying state | New Jersey | Vermont |
| Best paying company | Microsoft | McKinsey & Company Inc |
| Best paying industry | Health Care | - |
There are a few differences between a regulatory compliance specialist and a regulatory affairs manager in terms of educational background:
| Regulatory Compliance Specialist | Regulatory Affairs Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Harvard University | University of Southern California |
Here are the differences between regulatory compliance specialists' and regulatory affairs managers' demographics:
| Regulatory Compliance Specialist | Regulatory Affairs Manager | |
| Average age | 46 | 47 |
| Gender ratio | Male, 42.5% Female, 57.5% | Male, 45.8% Female, 54.2% |
| Race ratio | 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% | 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 | 12% | 10% |