Careers in regulatory affairs can be found in most any industry that is bound by government laws and regulations. This includes careers in medical, food and drug, financial and manufacturing industries. Rules and regulations are in place to protect consumers of products and services offered by certain businesses. While an official title may vary, your primary task as a regulatory affairs professional is to make sure your employer complies with federal, state and local requirements applicable to the business.
Cracking the Billing Code
Medical compliance specialists manage certain regulatory affairs in doctors’ offices or other health care facilities. These specialists make sure legal requirements are followed with respect to medical protocols and procedures related to coding and billing practices and staff training. Job seekers interested in becoming a medical compliance specialist need a bachelor’s degree in either health care, business administration or a field related to regulatory compliance. They can expect to earn an average annual salary of $52,000, according to salary data from Simply Hired.
Safe Work Zones
Health and safety compliance specialists manage regulatory affairs in different work environments, such as manufacturing or health care facilities. Their job is to maintain compliance with Occupational Safety and Health Administration rules and regulations to prevent workplace accidents, injuries and illnesses. These regulatory affairs specialists inspect and evaluate the workplace to ensure job duties are performed in accordance with the OSHA standards. Entry-level jobs require a bachelor’s degree in a technical field and experience with using and applying health and safety regulations. The average salary for a health and safety specialist is $66,790 according to 2012 Bureau of Labor Statistics data.
The pharmaceutical industry must comply with Food and Drug Administration requirements, including good manufacturing practices that mandate performance standards in manufacturing, storage, packaging, shipping and distributions. Pharmaceutical regulatory affairs specialists work to make sure companies conform to FDA rules and regulations and other industry standards designed to keep consumers safe. A bachelor’s degree in a life science is required to enter this career. The average salary for an experienced regulatory affairs specialist in the pharmaceutical industry is $101,905 according to 2013 American Chemical Society data.
Financial examiners are regulatory affairs specialists who make sure financial institutions comply with laws and regulations that govern their operations and transactions. Duties include examining and auditing institutional practices regarding loans and loan documentation, asset management, and soundness of procedures and protocols. Education requirements for financial examiners include a bachelor’s degree in accounting, finance, economics or a related field. The average salary is $75,800, according to 2012 BLS data.
- Regulatory Affairs Professional Society: Career Development Resources
- O*Net Online: Compliance Managers
- Simply Hired: Average Medical Compliance Specialist Salaries
- Bureau of Labor Statistics: Occupational Outlook Handbook: Health and Safety Specialists
- American Chemical Society: Regulatory Affairs
- Bureau of Labor Statistics: Occupational Outlook Handbook: Financial Examiners
- Jupiterimages/Photos.com/Getty Images