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The differences between regulatory specialists and compliance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a regulatory specialist has an average salary of $70,575, which is higher than the $57,330 average annual salary of a compliance specialist.
The top three skills for a regulatory specialist include FDA, regulatory compliance and regulatory agencies. The most important skills for a compliance specialist are patients, regulatory compliance, and strong analytical.
| Regulatory Specialist | Compliance Specialist | |
| Yearly salary | $70,575 | $57,330 |
| Hourly rate | $33.93 | $27.56 |
| Growth rate | - | 6% |
| Number of jobs | 6,250 | 34,610 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 61% |
| Average age | 46 | 46 |
| Years of experience | 4 | - |
A regulatory specialist is responsible for evaluating all the business processes, functions, and requirements and ensure its compliance with the company's protocols and state regulations. Regulatory specialists conduct regular audits, review the company's documents and business transactions, renew permits and licenses, and submit necessary files required by regulatory agencies. They coordinate with the management to revise the company's handbook accordingly and disseminate information on any changes across the organization. A regulatory specialist may also facilitate training programs and orientation to inform the employees on risk policies to avoid reputational issues, potential hazards, and delays in operations.
The role of compliance specialists is to ensure that companies comply with relevant industry standards and regulations. Their duties may vary depending on the industry they work in, such as healthcare or banking. Tasks include reviewing their company's business practices to ensure they follow specific regulations, resolving compliance issues that may arise, and being up-to-date with regulatory changes. As a compliance specialist, you should have industry expertise, in-depth knowledge of regulations, and auditing skills.
Regulatory specialists and compliance specialists have different pay scales, as shown below.
| Regulatory Specialist | Compliance Specialist | |
| Average salary | $70,575 | $57,330 |
| Salary range | Between $49,000 And $100,000 | Between $38,000 And $85,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Minnesota | Delaware |
| Best paying company | Cargill | Meta |
| Best paying industry | - | Pharmaceutical |
There are a few differences between a regulatory specialist and a compliance specialist in terms of educational background:
| Regulatory Specialist | Compliance Specialist | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | Stanford University | Harvard University |
Here are the differences between regulatory specialists' and compliance specialists' demographics:
| Regulatory Specialist | Compliance Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 29.9% Female, 70.1% | Male, 38.4% Female, 61.6% |
| Race ratio | Black or African American, 11.6% Unknown, 4.5% Hispanic or Latino, 15.5% Asian, 8.1% White, 59.5% American Indian and Alaska Native, 0.8% | Black or African American, 10.9% Unknown, 4.5% Hispanic or Latino, 15.7% Asian, 8.2% White, 59.8% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 12% | 12% |