Regulatory Affairs Director Salary
The average Regulatory Affairs Director in the United States can expect to rake in roughly $130K per year. With some bonuses approaching $40K and certain profit sharing proceeds approaching $30K, overall incomes of Regulatory Affairs Directors spread between $82K and $212K depending on individual performance. Geography and experience level each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to most. Female Regulatory Affairs Directors survey participants are more prevalent than men — 65 percent of professionals. Most Regulatory Affairs Directors like their work and job satisfaction is high. Respondents to the PayScale salary survey provided the data for this report.
Job Description for Regulatory Affairs Director
All businesses must operate within parameters established by internal regulations and relevant laws. Some businesses, such as food production and medicine, are governed by more (and stricter) laws; for these organizations, it is especially important to ensure regulations are constantly and consistently followed. The director of regulatory affairs directs their organization's development of internal regulatory policies, and they monitor internal practices to ensure all of the organization's operations remain in compliance with government regulations. The director also work with regulatory agencies, as required, to address concerns. Additionally, most companies have a regulatory affairs committee, which the director of regulatory affairs coordinates.Read More...
As non-compliance with laws and regulations may lead to significant problems for a company, the director of regulatory affairs must pay close attention to detail and possess the managerial talents to coordinate regulatory team members. The director of regulatory affairs must have a strong working knowledge of all regulations and laws relevant to the company's industry, and they must remain up to date on developments that may alter or add to existing rules. The position may require significant amounts of travel, depending on the size of the business and interaction with regulatory agencies.
A bachelor's degree in a field relevant to the business is generally required for this position, as is experience in that field (preferably in a regulatory capacity). Many regulatory directors hold a master's degree or higher as well. The director of regulatory affairs must continue their education after hiring to ensure current understanding of the regulations governing their industry.
Regulatory Affairs Director Tasks
- Advise the company on the regulatory aspects and climate that would affect proposed activities.
- Serve as primary regulatory representative responsible for facilitating all regulatory agency interactions.
- Provide appropriate communication and guidance to management and other internal functional areas responsible for submitting required regulatory documentation.
- Develop company regulatory strategy.
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Pay by Experience Level for Regulatory Affairs Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Annually raking in $103K, the average professional in this position sees a six-figure salary within the first five years. For Regulatory Affairs Directors, 10 to 20 years of experience on the job amounts to an average salary of $155K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $144K.