Compliance Specialist Salary (United States)

51 percent of Compliance Specialists are relatively green, reporting fewer than five years in the field, and median pay in the workforce is around $47,823 per year. Compensation generally starts at $32,008 and does not exceed $75,104 per year. Overall cash income ranges from $35,078 near the bottom to $76,606) near the top; it includes potential earnings of $7,157 from bonuses and $7,500 from profit sharing in exceptional cases. While career length and the individual firm impact pay for this group, geography is the most influential factor. Benefits are plentiful in this line of work; most people have both medical and dental plans, and a majority have vision insurance. Most Compliance Specialists are women (73 percent). The majority of workers are highly satisfied with their job. This outline is based on answers to PayScale's salary survey.
Compliance Specialist Salary (?
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.
)
$35,078 - $76,606
(Median)
35K
41K
51K
63K
77K
MEDIAN: $51,074
10%
25%
50%
75%
90%
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Compliance Specialist Salary (?
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.
)
$12.73 - $24.51
(Median)
13
15
17
20
25
MEDIAN: $17.00
10%
25%
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$26K$52K$78K
Salary
$35,078 - $76,606  
   
Bonus
$0.00 - $7,157  
Profit Sharing
$250.00 - $7,500  
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).
)
$32,008 - $75,104  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,132
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$13$26$39
Hourly Rate
$12.73 - $24.51  
   
Overtime
$12.16 - $38.12  
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$26K$52K$78K
Bonus
$0.00 - $7,157  
   
Profit Sharing
$250.00 - $7,500  
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).
)
$32,008 - $75,104  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 398
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Job Description for Compliance Specialist

A compliance specialist reviews medical record findings to ensure their accuracy. They must have have an extensive knowledge of medical record documentation guidelines, as well as certifications in coding and compliance. Typically employers also require at least five years of experience working in settings that require coding and compliance.
Read More...
Compliance Specialist Tasks
  • Ensure relevant documents are in compliance with established guidelines and standards.
  • Responsible for the coordination and completion of all government, regulatory, and compliance documents for all business units in an organization.
  • Research, develop and recommend strategic advice to ensure companies align with all applicable laws and regulations.

Common Career Paths for Compliance Specialist

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Compliance Specialists may receive a large increase in pay with career advancement. Those who transition into an upper level Chief Compliance Officer position may earn an additional $53K per year. Career advancement for Compliance Specialists often leads to becoming Select Compliance Officers or Compliance Managers, where they can earn $4,098 or $25K more per year.

Compliance Specialist Job Listings

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Popular Employer Salaries for Compliance Specialist

For Compliance Specialists, comfortable salaries can be found at Bank of America Corp. (BOFA); in fact, typical earnings are around $73,394, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($46K versus $82K) is great. The consistently lowest paying firm on the list is The PNC Financial Services Group, Inc., where the median salary is just $57,651.

Popular Skills for Compliance Specialist

Survey results show that Compliance Specialists use a fair number of skills. Most notably, facility with HIPAA Compliance, Safety Compliance, and Internal Audit are correlated to pay that is significantly above average, leading to increases of 21 percent, 9 percent, and 4 percent, respectively. Skills that pay less than market rate include Microsoft Excel and Compliance (Financial). Most people who know Regulatory Compliance also know Legal Compliance and Internal Audit. Most people experienced in Auditing also know Internal Audit and Legal Compliance.

Pay by Experience Level for Compliance Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Compliance Specialists with a lot of experience do not necessarily enjoy higher salaries, as pay increases are mainly incremental. Though starting salaries approximate $44K, they climb to $53K after five to 10 years. Salary comes to $56K after 10 to 20 years. Wages do not stop growing after 20 years on the job but they do accelerate at a slower rate, and Compliance Specialists tend to earn $61K at this point in time. Experienced employees who have 10-20 years of experience make up 17 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 6 percent. In this field, workers tend to have anywhere from one to nine years of experience—of those surveyed, most land within this range.

Pay Difference By Location

New York
up arrow 39%
Charlotte
up arrow 30%
Dallas
up arrow 20%
up arrow 19%
Pittsburgh
up arrow 17%
Chicago
up arrow 13%
up arrow 13%
Philadelphia
up arrow 12%
San Diego
up arrow 9%
Denver
up arrow 6%
Houston
up arrow 5%
Portland
up arrow 2%
National Average
$48,000
Atlanta
up arrow 4%
Milwaukee
up arrow 5%
St. Louis
up arrow 8%
Larger circles over a city indicate a job is popular in that location.
For Compliance Specialists, working in the bustling city of New York has its advantages, including an above-average pay rate. Other urban areas shelling out big bucks include Charlotte, Dallas, Boston, and Pittsburgh, where Compliance Specialists typically earn around 30 percent, 20 percent, 19 percent, and 17 percent more than usual. Falling short of the national average by 8 percent, the area with the worst salaries is St. Louis. Two other places where employers offer below-median salaries are Milwaukee (-5 percent) and Atlanta (-4 percent).

Compliance Specialist Reviews

What is it like working as a Compliance Specialist?
Compliance Specialist in Austin:
"Potential Security Incidents - PHI/PII."
Pros: I like that I work with a select few who understand the psi process. Corporate culture, office conditions, management.
Cons: Routine, not much variety.

Related Job Salaries

Experience Affects Compliance Specialist Salaries

National Average
$48,000

Skills That Affect Compliance Specialist Salaries

HIPAA Compliance
up arrow 21%
Safety Compliance
up arrow 9%
Legal Compliance
up arrow 4%
Internal Audit
up arrow 4%
Regulatory Compliance
up arrow 3%
Auditing
up arrow 2%
National Average
$48,000
Legal Research
up arrow 2%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 358 votes.

Gender

Female
73%
female alumni
 
Male
27%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
46%
5-9 years
26%
10-19 years
17%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 80%
vision benefits Vision: 64% employee benefits None: 11%
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