Regulatory Affairs Director Salary
Regulatory Affairs Directors in the United States can expect wages of $129K per year on average. Total cash compensation to Regulatory Affairs Directors approaches anywhere from $83K on the lower end to $209K on the higher end; in exceptional cases, this can include more than $39K from bonuses and upwards of $29K from profit sharing. Geography and career duration each impact pay for this group, with the former having the largest influence. Women account for the majority of Regulatory Affairs Directors who responded to the questionnaire — 66 percent to be exact. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Work is enjoyable for Regulatory Affairs Directors, who typically claim high levels of job satisfaction. 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.
Individuals who have worked for fewer than five years report earning $102K on average, a generous six-figure sum for those just starting out. Regulatory Affairs Directors bring in $152K after working for 10 to 20 years. Regulatory Affairs Directors who claim more than two decades of experience actually make somewhat smaller average paychecks of $147K.
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