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Compliance Manager Salary

Earnings for Compliance Managers in the United States come in at around $73K annually on average. Total incomes of Compliance Managers incorporate potential for, in a few cases, more than $18K from bonuses and close to $10K from profit sharing; these performance components cause packages to range between $43K and $117K. Geographic location is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to most, and a strong majority earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. Women make up the majority of Compliance Managers (61 percent) who completed the questionnaire. Participants in PayScale's salary questionnaire provided the particulars of this report.
$44,905 - $108,375
(Median)
45K
56K
73K
90K
110K
MEDIAN: $72,827
10%
25%
50%
75%
90%

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$13.54 - $34.38
(Median)
14
20
27
34
MEDIAN: $19.00
10%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$44,905 - $108,375  
   
Bonus
$0.00 - $17,506  
Profit Sharing
$255.32 - $10,256  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$43,296 - $116,529  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,456
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$13.54 - $34.38  
   
Overtime
$0.00 - $43.66  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $17,506  
   
Profit Sharing
$255.32 - $10,256  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$43,296 - $116,529  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 93
United States (change)

Job Description for Compliance Manager

Compliance managers work on a company's legal, management, and compliance issues. They make sure that their company is up to date with all the regulatory requirements. Their tasks include conducting audits, identifying issues, filing reports, consulting with attorneys, assisting employees, analyzing sales, investigating customer complaints, guiding and teaching fellow employees, overseeing compliance systems, and verifying policies. Compliance managers typically need to be strong leaders, as well as strong communicators. This job is communication-heavy and requires frequent verbal and written communication with others. It is also helpful to be persuasive and an excellent problem solver; compliance managers generally have to analyze data and explain results to - and potentially persuade - higher management or attorneys.

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Compliance Manager Tasks

  • Perform routine internal audits to ensure that business is operating in accordance with regulations.
  • Consult with company about processes, practices, and systems and areas of improvement.
  • Create, implement, administer, and enforce policies, procedures and laws required for a company to operate in accordance with the law and regulations.
  • Establish and update a compliance manual.

Common Career Paths for Compliance Manager


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Though some Compliance Managers move into positions like Chief Compliance Officer (where the average salary is $100K), this progression is not the norm. The most common promotion for Compliance Managers is Compliance Director, a position that typically pays $96K annually. Another standard transition for Compliance Managers seeking advancement is to assume a Compliance Officer role, where pay is often $57K.

Compliance Manager Job Listings

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Popular Skills for Compliance Manager


Survey results imply that Compliance Managers deploy a deep pool of skills on the job. Most notably, skills in Internal Audit, Compliance, Trade Compliance, and Regulatory Compliance are correlated to pay that is above average, with boosts between 4 percent and 14 percent. Skills that pay less than market rate include People Management and Legal Research. Most people familiar with Legal Compliance also know Project Management.

Pay by Experience Level for Compliance Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Compliance Managers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Relatively untried employees who have less than five years' experience make $60K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $76K. Compliance Managers with one to two decades of relevant experience report an average salary of approximately $82K. People who have worked for more than 20 years report a median income of $85K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


For Compliance Managers, working in the bustling city of Los Angeles has its advantages, including an above-average pay rate. Compliance Managers can also look forward to large paychecks in cities like Boston (+42 percent), San Francisco (+39 percent), Washington (+38 percent), and Philadelphia (+23 percent). Place of residence plays a huge part in a Compliance Manager's salary, with Miami Compliance Managers earning salaries that are 22 percent less than the national average. Two other places where employers salaries are below the median are Salt Lake City and San Diego (16 percent lower).

Related Job Salaries

Experience Affects Compliance Manager Salaries




National Average
$74,000


Skills That Affect Compliance Manager Salaries



Regulatory Compliance
up arrow 4%

Trade Compliance
up arrow 4%

Legal Compliance
up arrow 3%

Project Management
up arrow 3%

Risk Management / Risk Control
up arrow 3%

Data Analysis
0%

Policy Analysis
0%

National Average
$74,000

Auditing
up arrow 1%

Legal Research
up arrow 4%

People Management
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 319 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
1%
1-4 years
25%
5-9 years
32%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 78%
vision benefits Vision: 67% employee benefits None: 10%