Compliance Manager Salary in 2023

Salary details

The average Compliance Manager salary lies between USD 100,500 and USD 153,600 globally. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Nov. 3, 2024

Salary trend

Top 20 Job Tags for Compliance Manager roles

The three most common job tag items assiciated with Compliance Manager job listings are Compliance, Audits and Governance. Below you find a list of the 20 most occuring job tags in 2023 and the number of open jobs that where associated with them during that period:

Compliance | 121 jobs Audits | 78 jobs Governance | 62 jobs Privacy | 56 jobs Monitoring | 51 jobs Cloud | 51 jobs ISO 27001 | 48 jobs Risk assessment | 45 jobs Risk management | 41 jobs Finance | 36 jobs NIST | 33 jobs CISSP | 33 jobs SOC | 31 jobs GDPR | 29 jobs CISA | 29 jobs Strategy | 27 jobs SOC 2 | 25 jobs Banking | 24 jobs CISM | 21 jobs SOX | 21 jobs

Top 20 Job Perks/Benefits for Compliance Manager roles

The three most common job benefits and perks assiciated with Compliance Manager job listings are Career development, Health care and Team events. Below you find a list of the 20 most occuring job perks or benefits in 2023 and the number of open jobs that where offering them during that period:

Career development | 70 jobs Health care | 50 jobs Team events | 41 jobs Equity / stock options | 39 jobs Flex hours | 36 jobs Startup environment | 35 jobs Competitive pay | 31 jobs Flex vacation | 27 jobs Insurance | 27 jobs Parental leave | 26 jobs Salary bonus | 25 jobs Wellness | 24 jobs 401(k) matching | 12 jobs Medical leave | 10 jobs Home office stipend | 10 jobs Signing bonus | 9 jobs Gear | 7 jobs Transparency | 6 jobs Fitness / gym | 4 jobs Yoga | 4 jobs

Salary Composition for a Compliance Manager in InfoSec/Cyber Security

The salary for a Compliance Manager in InfoSec/Cyber Security typically comprises a fixed base salary, performance bonuses, and additional remuneration such as stock options or benefits. The fixed base salary is the largest component, often accounting for 70-80% of the total compensation package. Performance bonuses can vary significantly, ranging from 10-20% of the base salary, depending on the company's performance and individual achievements. Additional remuneration might include stock options, especially in larger tech companies, and comprehensive benefits packages that cover health insurance, retirement plans, and other perks.

Regional differences can impact salary composition, with higher base salaries and bonuses often found in tech hubs like Silicon Valley or major metropolitan areas. Industry also plays a role; for instance, financial services and healthcare sectors may offer higher compensation due to the critical nature of compliance in these fields. Company size can influence salary as well, with larger organizations typically offering more competitive packages.

Steps to Increase Salary from a Compliance Manager Position

To increase your salary from a Compliance Manager position, consider pursuing advanced certifications or further education, such as a master's degree in cybersecurity or business administration. Networking within the industry and attending relevant conferences can also open doors to higher-paying opportunities. Additionally, gaining experience in high-demand areas like cloud security or data privacy can make you more valuable to employers.

Seeking roles with greater responsibility, such as a Director of Compliance or Chief Information Security Officer (CISO), can significantly boost your earning potential. Demonstrating leadership skills and a track record of successful compliance management can position you for these advanced roles.

Educational Requirements for a Compliance Manager

Most Compliance Manager positions in InfoSec/Cyber Security require at least a bachelor's degree in a related field, such as computer science, information technology, or business administration. Some employers may prefer candidates with a master's degree, particularly in cybersecurity, information systems, or a related discipline.

In addition to formal education, a strong understanding of regulatory frameworks and standards, such as GDPR, HIPAA, or PCI-DSS, is often essential. This knowledge can be gained through coursework or professional experience.

Helpful Certifications for a Compliance Manager

Several certifications can enhance your qualifications for a Compliance Manager role. Common and highly regarded certifications include:

• Certified Information Systems Security Professional (CISSP)
• Certified Information Security Manager (CISM)
• Certified in Risk and Information Systems Control (CRISC)
• Certified Information Systems Auditor (CISA)
• Certified Data Privacy Solutions Engineer (CDPSE)

These certifications demonstrate expertise in information security and compliance, making you a more attractive candidate to potential employers.

Experience Required for a Compliance Manager

Typically, a Compliance Manager in InfoSec/Cyber Security is expected to have 5-10 years of experience in the field. This experience should include a strong background in information security, risk management, and regulatory compliance. Experience in leadership or management roles is also highly valued, as the position often involves overseeing teams and coordinating compliance efforts across an organization.

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