Compliance Specialist Salary

Earnings for Compliance Specialists in the United States come in at around $54K per year on average. Compensation ranges from $34K on the lower end to $79K per year on the higher end. Total cash compensation for Compliance Specialists runs from $34K to $79K depending on bonuses that can occasionally exceed $10K and profit sharing that can reach almost $7K. The particular firm is the main element affecting pay for this group — the particular city and tenure are driving factors as well. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Work is enjoyable for Compliance Specialists, who typically claim high levels of job satisfaction. Most Compliance Specialists survey respondents are women (72 percent). This overview is based on answers to PayScale's salary questionnaire.
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$37,092 - $79,450
$37K
$54K
$79K
MEDIAN: $54,051
10%
50%
90%

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$14.07 - $27.02
$14
$19
$27
MEDIAN: $18.74
10%
50%
90%

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$0$79K
Salary $37,092 - $79,450
Bonus $0.00 - $9,742
Profit Sharing $0.00 - $7,397
Commission $0.00
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).
)
$33,859 - $78,589
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,319
Hourly Data $0$42
Hourly Rate $14.07 - $27.02
Overtime $21.02 - $42.09
Annual Data $0$78K
Bonus $0.00 - $9,742
Commission $0.00
Profit Sharing $0.00 - $7,397
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).
)
$33,859 - $78,589
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 558

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

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Compliance Specialist Tasks

  • Research, develop and recommend strategic advice to ensure companies align with all applicable laws and regulations.
  • Responsible for the coordination and completion of all government, regulatory, and compliance documents for all business units in an organization.
  • Ensure relevant documents are in compliance with established guidelines and standards.

Common Career Paths for Compliance Specialist


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Though some Compliance Specialists move into positions like Chief Compliance Officer (where the average salary is $103K), this progression is not the norm. Compliance Managers or Compliance Analysts are common next-step roles for Compliance Specialists moving up in their careers; annual pay for Compliance Managers is $24K higher on average, and it's $1K higher for Compliance Analysts.

Compliance Specialist Job Listings

Popular Employer Salaries for Compliance Specialist


Bank of America Corp. (BOFA), The PNC Financial Services Group, Inc., J.P. Morgan Chase & Co. (JPMCC), Medtronic, Inc., and Cigna Corporation are some prominent firms with considerable interest in employing a large team of Compliance Specialists. Bank of America Corp. (BOFA) offers the largest salaries in town ($75K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $49K to $102K.

Popular Skills for Compliance Specialist


Survey participants wield an impressively varied skill set on the job. Most notably, facility with Data Analysis, Insurance, and Export Compliance are correlated to pay that is significantly above average, leading to increases of 26 percent, 13 percent, and 8 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Compliance. Most people who know Auditing also know Internal Audit and Legal Compliance. Most people skilled in Regulatory Compliance are similarly competent in Legal Compliance and Internal Audit.

Pay by Experience Level for Compliance Specialist

Pay by Experience for a Compliance Specialist has a positive trend. An entry-level Compliance Specialist with less than 5 years of experience can expect to earn an average total compensation of $47,000 based on 1,103 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Compliance Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $55,000 based on 483 salaries. An experienced Compliance Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $58,000 based on 348 salaries. A Compliance Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $61,000 based on 120 salaries.

Pay Difference by Location

National Average: $50,320

Larger city markers indicate a job is popular in that location.

For Compliance Specialists, Washington, Boston, and New York, three eastern American cities, are home to the highest salaries in the country, all offering a rate above the national average. Falling short of the national average by 6 percent, the area with the worst salaries is Cleveland. Not at the bottom but still paying below the median are employers in Atlanta and Austin (4 percent lower and 3 percent lower, respectively).

Compliance Specialist Reviews

Q: What is it like working as a Compliance Specialist?

Compliance Specialist in Portland:
"Work."
Pros: Positive people, growth opportunities, fast-paced environment, health benefits.
Cons: Vacation/PTO/Sick Time benefits/accrual.

Compliance Specialist in Jacksonville:
Pros:
Cons: Over worker, under staffed, under paid. No overtime allowed.

Compliance Specialist in Minneapolis:
"Go getter."
Pros: Work culture and flexibility. So much to room to grow. Learning and development is highly encouraged.
Cons: Rewards. I think I should earn more. Given my level of education and skills.

Compliance Specialist in Los Angeles:
"Management has no human skills."
Pros: The individual contributors that are NOT IN MANAGEMENT.
Cons: My boss. Management has no human skills. They are demeaning to Hispanics.

Compliance Specialist in Boston:
"Challenging."
Pros: Learning the legalities involved with financial services. Customer service.
Cons: Needing more specific training and certifications.

Compliance Specialist in Greenville:
"Corportate."
Pros: It is challenging and offers advancement opportunity.
Cons:

Compliance Specialist in Hamel:
"Positive culture in a fast growing business."
Pros: The flexibility in reaching deadlines by using the best method possible.
Cons: Pay and micromanage.

Related Job Salaries

Key Stats for Compliance Specialist

Gender

Female
72 %
Male
28 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 347 votes.
Less than 1 year
5%
1-4 years
49%
5-9 years
21%
10-19 years
18%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Compliance Specialist Salaries

▲20%

▲15%

▲9%

National Average
$50,000

▼7%

Skills That Affect Compliance Specialist Salaries

Data Analysis
▲26%

▲13%





Trade Compliance
▲4%


▲1%




National Average
$50,000




Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 347 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
5%
1-4 years
49%
5-9 years
21%
10-19 years
18%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 79%
vision benefits
Vision: 70%
no benefits
None: 11%
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