Regulatory Affairs Manager Salary
Regulatory Affairs Managers in the United States pull down an average of $97K per year. In the world of Regulatory Affairs Managers, total cash compensation can vary between $62K and $141K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $20K and $9K, respectively. Residence and career length 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 a fair number. Women account for the majority of Regulatory Affairs Managers who responded to the questionnaire — 67 percent to be exact. Most workers in this position report high levels of job satisfaction.
Job Description for Regulatory Affairs Manager
The regulatory affairs manager is tasked with reviewing internal policies that usually relating to the manufacture, testing, marketing, and reliability of products to ensure that they are safe to use and work as intended. The regulatory affairs manager must keep abreast of legislative developments in the countries or regions in which a company distributes its products or services. Using this knowledge, the regulatory affairs manager examines all aspects of production, from discovery to distribution, to ensure compliance with regulatory statutes. Depending on the size and scope of the business, the regulatory affairs manager may need to maintain a complete understanding of many different regulatory processes of state, national, and/or international bodies.Read More...
The regulatory affairs manager helps control a large part of their company's reputation with legislators and the public, which means they must maintain excellent records and create methods that quickly address potential violations. The regulatory affairs manager oversees all teams involved in production, marketing, and distribution to verify that all are operating according to regulations. They will also advise and strategize with upper management, keeping them informed of regulatory developments and advising them on methods to execute contingency methods as needed.
The minimum educational requirement for the regulatory affairs management position is a bachelor's degree in a relevant field. In addition, most employers require from one to five years experience in regulatory affairs.
Regulatory Affairs Manager Tasks
- Work directly with departments and project personnel to ensure compliance and inform of updates to regulations.
- Ensure that projects and proposals meet all relevant guidelines, standards, and regulatory rules, conducting research where needed.
- Oversee preparation, data, testing procedures, and compliance aspects of proposals and reports.
- Investigate and report adverse events, compliance violations and similar problems.
Common Career Paths for Regulatory Affairs Manager
Regulatory Affairs Managers might see a strong upturn in salary after transitioning into upper-level roles such as Regulatory Affairs Director, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $126K per year.
Regulatory Affairs Manager Job Listings
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Popular Skills for Regulatory Affairs Manager
Regulatory Affairs Managers seem to require a number of specific skills. Most notably, skills in People Management, Project Management, Regulatory Compliance, and Statistical Analysis are correlated to pay that is above average. Those listing Research Analysis as a skill should be prepared for drastically lower pay. Quality Assurance / Quality Control and Statistical Analysis also typically command lower compensation. The majority of those who know Project Management also know People Management.
Pay by Experience Level for Regulatory Affairs Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average beginner in this position makes around $82K, but folks who have been around for five to 10 years see a markedly higher median salary of $98K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $113K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $105K.
Pay Difference by Location
Cambridge offers some of the highest pay in the country for Regulatory Affairs Managers, 36 percent above the national average. Regulatory Affairs Managers will also find cushy salaries in Houston (+26 percent), Minneapolis (+25 percent), St. Louis (+18 percent), and San Francisco (+14 percent). The lowest-paying market is Phoenix, which sits 58 percent below the national average, proving that location is a significant contributor to overall pay. Employers also pay below the national average in Washington (34 percent lower) and Chicago (12 percent lower).