Install our As a critical component of any financial institution, compliance analysts play a vital role in ensuring that organizations adhere to regulatory requirements and internal policies. The demand for skilled compliance professionals has never been higher, with the finance industry being a major driver of job growth.
The average salary for a compliance analyst on Wall Street can range from $80,000 to over $150,000 per year, depending on factors such as level of experience, industry segment, and specific job responsibilities. For example, entry-level compliance analysts with 0-3 years of experience typically earn between $60,000 and $90,000 annually.
Senior compliance analysts with 5-10 years of experience can expect salaries ranging from $120,000 to $180,000 per year, while those with 15+ years of experience may earn upwards of $200,000. These figures are based on national averages and may vary depending on individual circumstances.
Compliance analysts work in a variety of settings, including investment banks, asset management firms, and insurance companies. Their primary responsibilities include conducting risk assessments, monitoring regulatory changes, and implementing compliance policies and procedures.
To succeed as a compliance analyst on Wall Street, one must possess excellent analytical skills, attention to detail, and strong communication abilities. A bachelor's degree in a relevant field such as finance, law, or business is typically required, although many professionals hold advanced degrees.
Job prospects for compliance analysts are excellent, with the Bureau of Labor Statistics predicting steady growth through 2030. The increasing complexity of financial regulations and the need for organizations to maintain regulatory compliance have created a high demand for skilled professionals in this field.