While regulatory professionals were not immune to the economic challenges that limited or stalled compensation growth for many jobs in the biomedical and health sectors, they saw overall growth in base salary and total compensation in the US and Canada, and in some European countries (Germany, Switzerland, the Scandinavian nations and Belgium). Salaries in Oceania increased modestly. Survey respondents reported their compensation for 2011, the most recent full year.
Compensation of regulatory professionals continues to be shaped by several interdependent factors: employer type, job level, highest earned degree, regulatory experience and total professional experience. The above table provides an overview of compensation based on job level and educational attainment.
The RAC credential is a critical compensation factor for nearly all job levels in North America and for many positions in Europe. It has driven an increasing compensation differential among US-based professionals for several years, with the highest differential evident in 2011 (8% higher base salary and 9.25% higher total compensation in 2011 compared with 6% in 2009).