Legal and Compliance Analysts are important members of the legal and regulatory teams in many organizations across the United States. These analysts ensure that their companies are compatible with every legislature out there while also being known with policies. They also help in the development and assistance of support workshops and are of legal use to the company in many matters in the daily work schedules. Let us know ‘Salaries for Legal and Compliance Analyst’.
Salaries for Legal and Compliance Analyst
Legal and compliance analysts can expect to earn different salaries depending on where they work within the United States. The national average base salary for legal and compliance analysts in the USA is approximately $67,000 per year, with salaries varying based on factors such as location, years of experience, and industry.
What Does a Legal Compliance Analyst Do?
A legal compliance analyst is responsible for ensuring that a company or organization complies with all applicable laws and regulations in their industry. These professionals are something else for they work in every grave area of the organization from management to legal compliances and many other roles for legal safety and norms establishment, and also ponder upon policies and rules to lessen those risks.
Factors Affecting Salaries for Legal Compliance Analysts
There are several factors that can affect the salaries for Legal and Compliance Analysts in the US. Some of these factors include:
- Location: The cost of living and demand for legal and compliance professionals varies from state to state and region to region. Salaries tend to be higher in metropolitan areas with a high cost of living, such as New York City, San Francisco, and Washington D.C.
- Industry: The industry in which a Legal and Compliance Analyst works can also impact their salary. For example, Legal and Compliance Analysts in the financial services industry may earn higher salaries than those in healthcare or education.
- Years of experience: The number of years of experience a Legal and Compliance Analyst has can also impact their salary. Entry-level analysts may earn around $50,000 per year, while those with several years of experience can earn upwards of $90,000 per year.
- Education level: Many Legal and Compliance Analyst roles require at least a Bachelor’s degree, and some may require a law degree or other advanced degree. A higher level of education can lead to higher salaries.
- Company size: The size of the company can also impact a Legal and Compliance Analyst’s salary. Large corporations may offer higher salaries and more extensive benefits packages than small or mid-sized companies.
- Skills and certifications: Specialized skills and certifications in areas such as risk management or privacy can also impact a Legal and Compliance Analyst’s salary. Employees with advanced certifications or skills may be more in-demand and command higher salaries.
Location-Based Salary of Legal and Compliance Analyst in the USA
Legal and compliance analyst salaries in the USA can vary depending on several factors, including location, years of experience, and the industry in which they work. According to Glassdoor, the national average base salary for legal and compliance analysts in the USA is approximately $67,000 per year.
However, salaries can vary widely based on location. Here are some estimated salary ranges for legal and compliance analysts in various US cities:
- New York City, NY: $69,000 – $101,000 per year
- Washington, DC: $66,000 – $93,000 per year
- San Francisco, CA: $80,000 – $112,000 per year
- Chicago, IL: $57,000 – $85,000 per year
- Houston, TX: $55,000 – $78,000 per year
- Boston, MA: $66,000 – $95,000 per year
- Los Angeles, CA: $63,000 – $90,000 per year
- Atlanta, GA: $55,000 – $78,000 per year
Best-Paying States in the USA for Legal and Compliance Analysts
Legal and compliance analysts can expect to earn different salaries depending on where they work within the United States. Based on data from the Bureau of Labor Statistics (BLS), here are some of the top-paying states for legal and compliance analysts as of May 2020:
- New York: The average annual wage for legal and compliance analysts in New York was $103,270.
- California: The average annual wage for legal and compliance analysts in California was $100,800.
- Connecticut: The average annual wage for legal and compliance analysts in Connecticut was $99,170.
- Massachusetts: The average annual wage for legal and compliance analysts in Massachusetts was $98,960.
- Delaware: The average annual wage for legal and compliance analysts in Delaware was $96,520.
Conclusion
In conclusion, legal and compliance analysts play a vital role in ensuring that organizations comply with applicable laws and regulations in their industry. The national average base salary for legal and compliance analysts in the USA is approximately $67,000 per year, with salaries varying based on factors such as location, years of experience, and industry.
Based on data from the Bureau of Labor Statistics, some of the top-paying states for legal and compliance analysts include New York, California, Connecticut, Massachusetts, and Delaware. However, it’s important to keep in mind that individual salaries may vary based on specific factors. Nonetheless, legal and compliance analysts continue to be in demand across various industries due to their important role in ensuring compliance and avoiding legal and regulatory issues.
