Compliance Managers in Minnesota
Considering working as a Compliance Managers in Minnesota? Here’s what the data says. All managers not listed separately.
What do Compliance Managers Make in Minnesota?
For a compliance managers working in Minnesota, the median annual wage is $158,680 per year (or about $76.29/hour).Pay can range from $91,790 at the 10th percentile to $222,460 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $91,790 | $44.13 |
| 25th percentile | $123,240 | $59.25 |
| Median (50th) | $158,680 | $76.29 |
| 75th percentile | $191,880 | $92.25 |
| 90th percentile | $222,460 | $106.95 |
The location quotient — a measure of how concentrated this occupation is in Minnesota relative to the national average — is 0.39, suggesting fewer compliance managers per worker than the national average.
National Wage Comparison
Nationally, compliance managers earn a median of $117,178 per year ($56.34/hour), higher than the Minnesota median.
Employment Outlook
National employment for 274,622 compliance managers in the U.S.. In Minnesota alone, approximately 4,640 people work in this role. That trails the typical state, which employs around 5,640 compliance managers.
Top Minnesota Metros for Compliance Managers
These are the Minnesota metros with the most compliance managers in Minnesota.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 3,970 | $161,320 |
| Duluth, MN-WI | 130 | $103,400 |
| St. Cloud, MN | 90 | $135,760 |
| Rochester, MN | 80 | $151,650 |
Top States for Compliance Managers Employment
View the states that employ the most compliance managers work.
| State | Number Employed |
|---|---|
| California | 103,510 |
| Texas | 53,070 |
| Florida | 46,500 |
| Georgia | 36,520 |
| Pennsylvania | 24,480 |
| New Jersey | 24,000 |
| Virginia | 22,210 |
| North Carolina | 21,150 |
| Maryland | 20,810 |
| District of Columbia | 18,180 |
| Tennessee | 17,260 |
| New York | 16,640 |
| Louisiana | 15,360 |
| Wisconsin | 13,910 |
| Colorado | 13,710 |
| Nevada | 10,990 |
| Washington | 10,740 |
| Massachusetts | 10,670 |
| Ohio | 9,390 |
| Arizona | 9,280 |
Highest-Paying States for Compliance Managers
The highest-paying states for compliance managers.
| State | Annual Median Salary |
|---|---|
| Massachusetts | $172,380 |
| District of Columbia | $171,910 |
| California | $170,740 |
| Delaware | $170,310 |
| Washington | $165,080 |
| Colorado | $164,010 |
| New Jersey | $163,630 |
| Virginia | $162,610 |
| New York | $161,360 |
| Minnesota | $158,680 |
Skills
Top compliance managers skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Key knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
Key abilities for compliance managers, rated on an importance scale of 0 to 5:
Daily Tasks
Day-to-day, compliance managers typically:
- Report violations of compliance or regulatory standards to duly authorized enforcement agencies as appropriate or required.
- Identify compliance issues that require follow-up or investigation.
- Discuss emerging compliance issues to ensure that management and employees are informed about compliance reporting systems, policies, and practices.
- File appropriate compliance reports with regulatory agencies.
- Maintain documentation of compliance activities, such as complaints received or investigation outcomes.
- Consult with corporate attorneys as necessary to address difficult legal compliance issues.
- Conduct or direct the internal investigation of compliance issues.
- Provide employee training on compliance related topics, policies, or procedures.
- Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
- Verify that all regulatory policies and procedures have been documented, implemented, and communicated.
- Disseminate written policies and procedures related to compliance activities.
- Prepare management reports regarding compliance operations and progress.
Work Activities
- Evaluating Information to Determine Compliance with Standards
- Getting Information
- Communicating with Supervisors, Peers, or Subordinates
- Working with Computers
- Documenting/Recording Information
- Making Decisions and Solving Problems
- Updating and Using Relevant Knowledge
- Establishing and Maintaining Interpersonal Relationships
- Identifying Objects, Actions, and Events
- Organizing, Planning, and Prioritizing Work
- Communicating with People Outside the Organization
- Processing Information
Tools & Technology
Common tools and software used in this occupation include: Hot technologies: Adobe Acrobat, Apple Safari In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Several college majors map to this occupation:
- Business Administration & Management
- Business & Commerce
- Entrepreneurial Studies
- Hospitality Management
- Telecommunications Management
- General Psychology
- Clinical & Counseling Psychology
- Child Development & Psychology
- Other Psychology
- Economics
- Political Science & Government
- Sociology
- General Social Sciences
- International Relations & Security
- Anthropology
- Criminology
- Geography & Cartography
- Other Social Sciences
- Urban Studies
- Sociology & Anthropology
- Archeology
- Demography & Population Studies
- Geography and Anthropology
- Criminal Justice & Corrections
- Homeland Security
- Fire Protection
- Security Science and Technology
- History
- Public Administration
- Radio, TV & Digital Communication
- Library & Information Science
- Information Technology
- Arts & Media Management
- Systems Theory
- History and Language/Literature
- Philosophy, Politics, and Economics
- Digital Humanities and Textual Studies
- Economics and Computer Science
- History and Political Science
- Historic Preservation
- Geoarcheaology
- Linguistics and Anthropology
- Economics and Foreign Language/Literature
- Pharmacy/Pharmaceutical Sciences
- Health/Medical Admin Services
- Natural Resource Management
- Religious Institution Administration and Law
Featured schools near , edit
Related Careers
Careers similar to compliance managers include:
- Security Managers
- Regulatory Affairs Managers
- Compliance Officers
- Environmental Compliance Inspectors
- Government Property Inspectors and Investigators
- Regulatory Affairs Specialists
Also Known As
Accreditation Lieutenant, Accreditation Manager, Anti Money Laundering Compliance Manager (AML Compliance Manager), Audit Manager, Compliance Audit Manager, Compliance Coordinator, Compliance Director, Compliance Manager, Compliance Operations Manager, Compliance Professional, Compliance Program Manager, Corporate Compliance Director, Environmental Health and Safety Director, Environmental Health and Safety Manager, Environmental Manager.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 11-9199.02
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