Salary expectations for compliance officer in the US, the EU and the UK evolution since 2010
Tuesday, July 18, 2023
Salary expectations for compliance officer in the US, the EU and the UK evolution since 2010
Salaries for compliance officers in the US, the EU, and the UK have evolved since 2010, influenced by various factors, including regulatory changes, economic conditions, and demand for compliance expertise. Please note that these figures are approximate and can vary significantly based on factors such as location, experience, and the specific financial institution.
United States:
• 2010: The average annual salary for a compliance officer in the US ranged from $60,000 to $100,000, depending on factors such as experience and location.
• 2020: By 2020, the average salary had risen significantly. Compliance officers in the US could expect an average annual salary ranging from $80,000 to $150,000, with experienced professionals earning higher salaries.
• 2024: As of 2024, salaries have continued to increase, with the average annual salary for compliance officers in the US ranging from $90,000 to $180,000 or more for senior positions at larger financial institutions.
European Union (EU):
• 2010: In 2010, the salary range for compliance officers in the EU varied widely across member states. On average, salaries ranged from €40,000 to €80,000 annually.
• 2020: By 2020, the EU had seen an increase in compliance officer salaries. The average annual salary in the EU ranged from €60,000 to €120,000, depending on factors like location and experience.
• 2024: As of 2024, compliance officer salaries in the EU have continued to rise, with an average annual salary ranging from €70,000 to €150,000 or more for experienced professionals, especially in major financial centers like London and Frankfurt.
United Kingdom:
• 2010: In 2010, compliance officer salaries in the UK ranged from £40,000 to £80,000 per year, with variations based on experience and the size of the financial institution.
• 2020: By 2020, salaries in the UK had increased. Compliance officers could expect average annual salaries ranging from £50,000 to £100,000, with higher salaries in London.
• 2024: As of 2024, compliance officer salaries in the UK have continued to grow. The average annual salary now ranges from £60,000 to £120,000 or more, with senior professionals at larger banks and financial institutions earning higher salaries.
Read more about compliance officer position in article: You career as a compliance officer in the US, the UK and the EU: what to expect
It's important to note that these figures are approximate and can vary based on factors such as the size and reputation of the financial institution, the specific role and responsibilities of the compliance officer, and the geographic location. Additionally, regulatory changes and economic conditions can impact salary trends over time. Compliance officers with specialized skills and expertise may command higher salaries than those in general compliance roles.
