Salary

Financial Compliance Officer Salary: What You’ll Make and Why

Financial compliance officers make around $71,802 to $91,732 on average in the US, depending on experience, location, skills, and other factors.

According to various salary aggregate websites, a financial compliance officer’s salary in the US ranges between $71,802 and $91,732, with an average salary of $80,036. As of July 2022, the base salaries for financial compliance officers are listed as follows:

PayscaleZipRecruiterIndeedSalary.comGlassdoor
$75,786$76,211$71,802$84,647$91,732

Keep in mind: Salary aggregate websites typically rely on data submitted anonymously by individuals using their site. Some websites may have received larger amounts of data of either higher or lower than average salaries, which may affect the site’s calculated average.

Read more: What Is a Financial Compliance Officer? How to Become One

What influences a salary?

The salary of a Financial Compliance Officer is determined by a number of factors, including education, experience, and job location. In this article, we will take a closer look at how these factors impact salary.

Years of experience

Salary increases are generally tied to your experience level. In general, the more years you spend working as a financial compliance officer, the more you can expect to earn. Here’s how experience can impact your financial compliance officer salary, according to the Bureau of Labor Statistics and the National Compensation Survey.

Level of experienceSalary
Entry-level (less than 1 year)$48,108
Early career (1 to 4 years)$60,548
Mid career (5 to 9 years)$79,253
Experienced (10 to 19 years)$100,897
Late career (20+ years)$121,948
Location

Where you live can also impact how much you can make as a financial compliance officer. Typically, working in a large metropolitan area correlates to a higher salary, as well as a higher cost of living.

Here is a list of some major cities with their corresponding average financial compliance officer salary according to the Bureau of Labor Statistics.

CityAverage Salary
San Francisco, CA$103,754
Washington DC, DC$96,240
New York City, NY$96,134
Boston, MA$93,795
Minneapolis, MN$92,101
Omaha, NE$72,521
Indianapolis, IN$71,156
Salt Lake City, UT$69,166
Nashville, TN$64,403
Oklahoma City, OK$64,191

How does this compare to similar jobs?

Here’s how a financial compliance officer’s salary stacks up against similar jobs.

Related JobsAverage Salary
Finance Manager$86,480
Accountant$55,045
Risk Manager$85,308
Compliance Officer$75,595
Treasurer$85,439
Controller$93,108
Financial Analyst$67,900
Investment Analyst$72,939
Auditor$58,914

How to increase your financial compliance officer salary

Now that you have a better idea of what you could expect to earn as a financial compliance officer, let’s look at ways to boost your salary.

1. Strengthen your skills

Pursuing and improving in-demand skills could make you more competitive for promotions and higher-paying positions. These skills include:

  • Risk Management: Understand how to identify, assess, and manage financial risks
  • Regulatory Compliance: Stay up-to-date on changing regulations and ensure that the company complies with all applicable laws
  • Financial Analysis: Analyze financial statements and data to identify risks and opportunities
  • Auditing: Conduct audits of the company’s financial practices and procedures
  • Project Management: Manage compliance-related projects, such as implementing new policies and procedures
2. Grow your network

A financial compliance officer is responsible for ensuring that a company is adhering to financial regulations. This can be a complex and demanding job, so it’s important to be well-connected. Growing your network can help you keep up with changes in the industry, and may also lead to opportunities for advancement.

3. Go back to school

While it may not be feasible to go back to school full-time, taking some classes or getting a certification in financial compliance could give you the edge you need to earn a higher salary. Many employers are willing to pay more for employees who have demonstrated a commitment to their field, and taking some extra classes is a great way to show that you’re serious about your career.

Article Sources

1. US Bureau of Labor Statistics. “National Compensation Survey, https://www.bls.gov/ncs/.” Accessed July 2, 2022.

2. US Bureau of Labor Statistics. “Occupational Employment and Wages, https://www.bls.gov/oes/current/oes131041.htm.” Accessed July 2, 2022.

3. Payscale. “Financial Compliance Officer Salary, https://www.payscale.com/research/US/Job=Financial_Compliance_Officer/Salary.” Accessed July 2, 2022.

4. Ziprecruiter. “Financial Compliance Officer Annual Salary, https://www.ziprecruiter.com/Salaries/Financial-Compliance-Officer-Salary.” Accessed July 2, 2022.

5. Indeed. “Indeed Salary Finder, https://www.indeed.com/career/salaries.” Accessed July 2, 2022.

6. Salary.com. “Financial Compliance Officer Salary, https://www.salary.com/research/salary/posting/financial-compliance-officer-salary.” Accessed July 2, 2022.

7. Glassdoor. “Financial Compliance Officer Salaries, https://www.glassdoor.com/Salaries/financial-compliance-officer-salary-SRCH_KO0,28.htm.” Accessed July 2, 2022.

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