$54,870
Avg. Salary
$19.34
Avg. Hourly Rate

Average additional compensation:

$2,545

Bonus

$1,874

Profit Sharing

$0.00

Commission

What am I worth?
How should I pay?

The average pay for a Compliance Specialist is $19.34 per hour.

The average pay for a Compliance Specialist is $54,870 per year.

10%
$14.32
10%
$19.34
50%
$26.94
90%
90%
MEDIAN $19.34
10%
$38k
10%
$55k
50%
$81k
90%
90%
MEDIAN $54,869
$38,222 - $80,609
$38K
$55K
$81K
MEDIAN: $54,869
10%
50%
90%

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$14.32 - $26.94
$14
$19
$27
MEDIAN: $19.34
10%
50%
90%

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$0$80K
Salary $38,222 - $80,609
Bonus $244 - $9,640
Profit Sharing $0.00 - $6,907
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).
)
$34,442 - $80,043
  • Country: United States
  • Currency: USD
  • Updated: 17 Mar 2019
  • Individuals Reporting: 2,553
Hourly Data $0$41
Hourly Rate $14.32 - $26.94
Hourly Tips $0.00
Overtime $21.24 - $41.15
Annual Data $0$80K
Bonus $244 - $9,640
Commission $0.00
Profit Sharing $0.00 - $6,907
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).
)
$34,442 - $80,043
  • Country: United States
  • Currency: USD
  • Updated: 17 Mar 2019
  • Individuals Reporting: 1,070

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
  • 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.

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 leaders in the field that employ a large number of Compliance Specialists. Compliance Specialists seeking a sizable paycheck can earn the most at Bank of America Corp. (BOFA), where the median salary comes to $75K, though the large pay difference between employees at the top ($49K) and those starting out ($102K) creates a rather diverse pay scale.

Common Career Paths for Compliance Specialist


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Compliance Specialists sometimes assume positions such as Chief Compliance Officers. That role pays $103K per year on average. When Compliance Specialists are ready for the next step in their careers, they often become Compliance Managers or Compliance Analysts. Those roles pay an additional $24K and $1K, respectively.

Compliance Specialist Job Listings

Popular Skills for Compliance Specialist


Compliance Specialists report using a deep pool of skills 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, 12 percent, and 8 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Compliance. A tool kit that includes Regulatory Compliance also typically contains Legal Compliance and Internal Audit. For most people, competency in Auditing indicates knowledge of Internal Audit and Legal Compliance.

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: $50,775

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

For Compliance Specialists, heading east means bigger paychecks — those in Washington, Boston, and New York earn more on average than Compliance Specialists in the rest of the country. In Cleveland, salaries are 7 percent below the national average and represent the lowest-paying market. Workers in Atlanta and Austin earn less than others in this profession; their salaries fall short of the national average by 4 percent.

Compliance Specialist Reviews

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

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.

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

Compliance Specialist in Deland:
"EEO Compliance Officer / Title VI Coordinator."
Pros: Conducting Equal Opportunity (EEO) compliance activities on assigned FDOT projects. Ensured compliance with procedures, laws, contract requirements and standard practices with in-depth inspections and Quality Assurance Reviews (QARs). Identified contractors’ eligibility for annual Federal Highway Administration (FHWA) Contract Compliance Reviews. Assisted the District Title VI Coordinator in monitoring and reporting the Department’s compliance with Title VI related issues.
Cons: Office environment.

Compliance Specialist in Jamestown:
Pros: I like the work I do.
Cons: Stress Level, office Conditions, unfairness, no appreciation,

Compliance Specialist in New York:
Pros: I enjoy the people, the work environment and the culture of the bank.
Cons:

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.

Related Job Salaries

Key Stats for Compliance Specialist

Gender

Female
74 %
Male
26 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 728 votes.
Less than 1 year
5%
1-4 years
47%
5-9 years
23%
10-19 years
18%
20 years or more
7%

Experience Affects Compliance Specialist Salaries

▲19%

▲14%

▲8%

National Average
$51,000

▼8%

Skills That Affect Compliance Specialist Salaries

Data Analysis
▲25%

▲12%





Trade Compliance
▲3%


▼0%




National Average
$51,000




Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 728 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
5%
1-4 years
47%
5-9 years
23%
10-19 years
18%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 80%
vision benefits
Vision: 73%
no benefits
None: 11%