Mutual Fund Compliance Professionals
Overview
Introduction
A mutual fund is a professionally managed investment pool that is sold to the public through the sale of shares representing an ownership interest. Compliance professionals ensure that mutual fund companies are in compliance with laws and regulations that have been established by the federal government (such as the Investment Company Act of 1940 and the Investment Advisers Act of 1940 and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010), state governments, and voluntary investor-protection organizations such as...
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Compliance officers earned median annual salaries of $75,670 in May 2023, according to the U.S. Department of Labor. Earnings ranged from $43,790 to $123,710 or more.
Chief compliance officers earned salaries that ranged from $152,750 to $232,750 in 2025, according to the staffing firm Robert Half.
Mutual fund companies offer a variety of benefit packages. Benefits usually include...
Work Environment
Compliance professionals work in a typical—but fast-paced—business environment with standard work hours (Monday through Friday, 9 to 5). A small amount of travel is required to industry conferences and to board meetings. At a large firm, a chief compliance officer is assisted by a large staff. At a small firm, the CCO may have to work solo or only have a handful of assistants. This job can be s...
Outlook
Employment for compliance officers who work for companies that manage funds, trusts, and other financial vehicles will grow much faster than the average for all careers through 2033, according to the U.S. Department of Labor (DOL). "Demand for compliance officers will stem from the need for businesses and government agencies to comply with various laws and regulations," according to the DOL. "C...