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Regulatory Professionals’ Average Compensation Continues to Increase, According to Results of RAPS 2020 Compensation Survey

Rockville, MD, USA, Oct. 13, 2020 (GLOBE NEWSWIRE) — The Regulatory Affairs Professionals Society (RAPS) today released the results of its biennial global survey of regulatory professionals working in the healthcare products sector. RAPS’ 2020 Global Compensation & Scope of Practice Report for the Regulatory Profession provides a detailed look at how much regulatory professionals earn, who they are, and what their work entails. The comprehensive survey collected salary and demographic data for nearly 2,000 respondents from around the world.

The average total compensation for US-based regulatory professionals in 2019 ranged from $292,625 for vice presidents to $108,627 for specialists. Respondents reported an average base salary increase of 5.6% from 2018 to 2019. The report also presents compensation data for professionals in Europe and Canada. While not enough data were collected to produce detailed compensation results for other regions, all responses are included in data pertaining to the work of regulatory professionals, professional and educational backgrounds, and demographics.

“RAPS has conducted research on the regulatory profession for more than 20 years. In that time, the role of the profession has evolved to become increasingly strategic,” said RAPS Interim Executive Director Bill McMoil. “There …

Full story available on Benzinga.com