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Q:Are compliance officer careers hard to come by?
A:According to the Bureau of Labor Statistics growth in this industry from 2010, which is the last time a study was undertaken, is expected to be 32%. In 2010, there were approximately 216,000 compliance officers in the US- the majority employed by the Federal Government. It is hard to specify how easy it will be to find work, as the answer will vary from individual to individual.
Q:What is the difference in compliance officer salary between public and private sector?
A:It should be borne that private sector salaries are normally determined by market forces as well as demand. Public sector salaries are normally determined by the Federal Government and will depend on location as well as the pay grade. To give you an example, the highest demand in the public sector, for compliance officers, is in the Federal Government. The average salary (May 2011) was $71,950, whilst in private sector it was $93,610.
Q:Are compliance officer jobs mainly based in one location? Or is there an opportunity to travel?
A:Most compliance officer jobs would be based in an organization's head offices. However, that is not always the case. There may be a requirement to send you to a different location to carry out audit and other such activities. Depending on the size of the company you work for, your skills would be easily transferable to another location.
Q:If I become a compliance officer, what kind of salary package would I be looking at?
A:The Bureau of Labor Statistics estimates that in May 2011, the average salary in the US, of a compliance officer, was $63,760. Due to inflation, this has probably increased. Those in the private sector, as expected, generally earn more than those in the public sector. Many firms require the services of compliance officers.