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Compliance Specialist Salary (United States)

Half of Compliance Specialists report less than five years' experience, making for a field full of relatively fresh workers who earn around $51K per year on average. Overall cash earnings of Compliance Specialists stretch from $32K near the bottom to $75K at the top, and the heftiest packages can encompass around $7K each from bonuses and profit sharing. Earnings for this group are mostly affected by residence, followed by years of experience and the particular employer. A solid majority enjoy medical while a fair portion get dental coverage. Vision coverage is also available to more than half. Men are in the minority in the field, with female Compliance Specialists making up 73 percent of workers. The majority of workers are highly satisfied with their job. The data for this snapshot was collected from individuals who took 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  
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  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 398
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Years in Field/Career:
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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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As Compliance Specialists transition into upper-level roles such as Chief Compliance Officer, they may see a strong upturn in salary. a Chief Compliance Officer typically earns $100K per year. Compliance Specialists moving up in their careers tend to step into positions as Compliance Officers or Compliance Managers. The median paychecks in those roles are $4K higher and $25K higher, respectively.

Compliance Specialist Job Listings

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Popular Employer Salaries for Compliance Specialist

Although Bank of America Corp. (BOFA) leads the field in pay with a median salary of $73K, employees there receive a wide spread of salaries, from $46K on the low end all the way up to $82K at the top. Also approaching the lower end is Bank of America Corp. (BOFA).

Popular Skills for Compliance Specialist

Overall, survey participants reported applying a fair number of skills to their work. 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 are correlated to lower pay, on the other hand, include Microsoft Excel and Compliance. Those educated in Auditing tend to be well versed in Internal Audit and Legal Compliance. Those proficient in Regulatory Compliance are, more often than not, also skilled in Legal Compliance and Internal Audit.

Pay by Experience Level for Compliance Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.
More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have less than five years' experience make $44K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $52K. For Compliance Specialists, 10 to 20 years of experience on the job amounts to an average salary of $56K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Compliance Specialist with more than 20 years of experience can earn $61K on average. Most of respondents report one to nine years of experience. Experienced employees who have 10-20 years of experience make up close to a sixth of the workforce; inexperienced individuals who have been working for less than one year comprise fewer than one in twenty, and senior people with more than 20 years under their belt fill out the remaining less than one-tenth.

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, busy New York offers a higher-than-average pay rate, 39 percent above the national average. Charlotte, Dallas, Boston, and Pittsburgh are a few other cities that offer generous salaries, with Compliance Specialists earning around 30 percent, 20 percent, 19 percent, and 17 percent more than average. In St. Louis, salaries are 8 percent below the national average and represent the lowest-paying market. Two other places where employers offer below-median salaries are Milwaukee (5 percent less) and Atlanta (4 percent less).

Compliance Specialist Reviews

What is it like working as a Compliance Specialist?
Compliance Specialist in Manteca:
"Compliance Specialist."
Pros: Weekends off are nice. My office is quiet.
Cons: Way too much paperwork. If you get disorganized you fail.
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.

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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%