The job of the Regulatory Affairs Director may not be as flashy as other positions in a company, but it can have a massive impact on how well a business does. A Regulatory Affairs Director has their hands on nearly every aspect of an organization, from the legal and finance departments to the R&D department and into its supply chain. If you’re looking for places where Regulatory Affairs Directors can make a ton of money, many opportunities lie outside of the traditional consulting firms and law firms that tend to dominate this field.let us know about that the Salaries For Regulatory Affairs Directors.
Salary that a Regulatory Affairs Director Can Earn
To better understand the salary of a Regulatory Affairs Director, we looked at data from the Bureau of Labor Statistics. We looked at the occupation as a whole and then narrowed it down to the job duties and responsibilities. Next, we looked at the employment and wages of each of the roles within Regulatory Affairs Directors. We also looked at the growth rate and projected job growth over the next several years. Below is an overview of our findings:
Specifically, we found that the median annual salary for a Regulatory Affairs Director was $105,710. The middle 50 percent earned between $77,130 and $130,590. The lowest 10 percent earned less than $60,790, and the highest 10 percent earned more than $164,740.
The Highest paying industries for Regulatory Affairs Directors
If you’re a Regulatory Affairs Director in search of the highest paying industry, you may want to look into the life sciences and medical device industries. In these industries, you can expect to make anywhere from $160,840 to $230,080. The data sciences and statistics industry also pays extremely well, with some making up to $170,120 annually. If you’re a Regulatory Affairs Director that wants to move into a more traditional consulting firm, however, you can expect to earn anywhere from $125,000 to $150,000 in a traditional consulting firm.
The lowest paying industries for Regulatory Affairs Directors
If you want to make the least amount of money as a Regulatory Affairs Director, you may want to look into the agriculture, food, and tobacco industries. In these industries, you can expect to earn as little as $57,160. The same goes for the transportation and warehousing industry, where you can expect to make $61,400. If you want to make the least amount of money as a Regulatory Affairs Director, you may want to look into the government and public administration industries, where you can expect to earn $41,290.
Factors Affecting Salary of Regulatory Affairs Directors
Some factors directly affect the salary of Regional Affairs Directors. These factors are described below in detail. These factors are:
- Geographical Location
- State/City
- Company Type
- Skill Set
- Experience
R&Operational Affairs Salary by City
R&Operational Affairs Directors can expect to earn more in cities with a higher cost of living, such as New York, Washington D.C., and Los Angeles. At the same time, you can expect to earn less in smaller cities such as Flagstaff, Arizona, and Casper, Wyoming. The differences in these cities are small enough to be disregarded.
R&Operational Affairs Salary by Company Type
Looking at company type again, you can see that the salaries of R&Operational Affairs Directors are fairly consistent across industries. Consulting firms tend to be the highest-paying employers with R&Operational Affairs Directors, earning anywhere from $130,590 to $164,740 annually.
R&Operational Affairs Salaries by Skill Set
We also broke down the salaries of R-Operational Affairs Directors by their skill set. Among the skills we considered were strategy, marketing, and financial analysis.
Strategy – The strategy of a company is vital to the success of a business. It involves understanding the customer, the competitors, the market dynamics, the product/service offerings, and the company’s strengths and weaknesses.
Marketing – The job of the Marketing Director is to develop and implement Marketing strategies that assist the company in increasing sales and market share. Marketing is important because it represents the communication of a company’s products/services to the public. Marketing directors are responsible for developing and implementing marketing plans that generate demand for a company’s products/services.
Financial Analysis – The director of financial analysis plays an integral role in the success of many companies. Their job is to evaluate revenue and expenses and to determine if revenue is being generated at a rate that will be able to sustain the company.
RAA Salary by Years of Experience
When looking at the salary of a Regulatory Affairs Director by years of experience, you can see that many employers prefer hiring entry-level professionals. Entry-level positions tend to have lower salaries and do not provide any benefits. Make sure to check out the RAA salary by years of experience table to see what experience level you can expect to make the most money as a Regulatory Affairs Director. If you have experience in a related field, you can expect to make the most money once you hit five to nine years of experience. At this point, salaries jump significantly and you can earn more than $110,000.
Regulatory Affairs Director’s Salary State-wise
Each state of the US has its living standards. Some states are rich and have very high living standards of living. While some states are on average standards where your salary should be on the average amount. Below are some states with their average salary ranges:
- California. $215,068
- Florida. $119,933
- Texas. $162,049
- Hawaii. $143,665
- Washington. $214,874
- New Jersey. $143,509
- Colorado. $99,525
- Arizona. $190,231
- Maryland. $199,019
- Utah. $75,491
Job Responsibilities For Regulatory Affairs Directors
Regulatory affairs directors are responsible for making sure that new products and services, as well as existing ones, meet all standard conditions. Large companies have dedicated teams and the responsibilities of these team leaders become over-hectic like the burden of most companies lies on their shoulders. From a purely numerical perspective, not much separates the R&Operonlal Affairs Director’s salary in different industries. However, you do find more variation within industries than between them.
Final Words
If you’re interested in working in regulatory affairs, you may wonder what pay you can expect. After all, this is a niche that often attracts people who want a challenge and a challenge often comes with a high paycheck. There are a few industries that pay well, but most Regulatory Affairs Directors in the US work in consulting firms or law firms. On average, a mid-level Regulatory Affairs Director can expect to earn around $105,000 a year.
If you have a strong background in a technical field, such as engineering or computer science, you may have a better chance of landing a job in regulatory affairs. For example, according to Indeed.com, the average salary for a regulatory affairs analyst was $94,000.
FAQs
Q: What is the salary range for Regulatory Affairs Directors?
Their salary range lies in between the lowest range which is $77,130 and the highest range is nearly about $130,590.
Q: What is the average salary for regulatory affairs directors?
According to recent salary statistics in the US, the median salary of Regulatory affairs directors is approximately $105,710.
