If you are a professional pursuing a Regulatory Affairs Certificate (RAC), you are not alone. RAC is a recurring topic of discussion in the for the offline forum, where regulatory professionals and practitioners ask questions and exchange ideas, such as RAPS.
Do you wonder what the return on investment of being a RAC is or are you ready to take a challenging regulations 6 customs broker exam? The answers to these questions depend greatly on you.
The variables to consider are the amount of regulatory experience you have, how much support you have from your employer, and how much time you can devote to the study, to gain potential credibility. So, unless there is a one-size-fits-all answer to this question, 'Is the regulation 6 courses fit for me?', There are some important factors to consider.
Why do you need to consider RAC course?
First of all, you should know why you want to get your RAC and what you expect of it. Do you want increased credibility, higher pay or a new job? If you are in a position to take advantage of it, RAC can be an important contributing factor to all of these goals. Are you trying to break the regulator from another area? In that example, you should take a close look at your background and experience to determine if the regulation 6 courses are the best fit.
1. Reliability
The RAC holds a unique position as the sole post-academic professional credential for the regulator. Short of an academic degree, it is the only public symbol of achievement in the regulatory profession. It shows that you have a strong foundation of regulatory knowledge, as well as analysis and critical thinking skills. This gives the RAC holder additional credibility among those who know what the credentials represent. Having a RAC as proof of your regulatory knowledge can increase your value for your employer or create more trust in your clients if you are a consultant.
2. Better Remuneration
Compensation data shows that many employers are willing to pay more for people who are actually RACs. According to the most recent RAPS Practice and Competition report, North American-based respondents have an 11% higher support base and total return on credentials. And wage growth is more pronounced at the early career level, with peers and experts earning 24.4% and 14.3% higher base pay, respectively.
3. Good job prospects
As an outward sign of regulatory knowledge that is of clear value to employers and consumers, RAC credentials can help professionals stand out in front of potential employers. While experience generally surpasses any credentials, RAC can increase your chances, in some cases compensating for less experience.
4. Evaluate your experience and readiness
Are you eligible and ready to take the RAC exam? The RAC eligibility requirements began with the Autumn 2014 exam cycle, so make sure you meet the experience and education requirements. It is not intended to help you do your first regulatory job as a RAC vehicle. RAC exams without any regulatory or regulatory related experience are ineligible to take the exam. It is important to note that RAC exams are experience-based and are designed for professionals with 3 to 5 years of regulatory experience. Exams are rigorous; Pass rates are generally in the 40-50% range.
5. Other reasons
If you have completed your assessment and decided that what you need or want is additional regulatory training and education rather than certification, there are several options. One of the regular cases of RAPS is the Certificate Program, which is sometimes confused with the RAC, but very different from the certification.
The Certificate Program is a series of online courses designed to give you an integrated knowledge about specific certifications in specific health product areas - pharmaceuticals, medical devices, or both. Once earned, you receive a certificate that does not have continuous maintenance or renewal requirements.
Final thoughts
Your RAC getting support for efforts can be extremely helpful, and if you are on the fence about taking the exam, the opportunity to join an assistant employer or a local study group may force you to go for it. Since RAC is valued by employers, many will provide funding for exam fees or study materials. Study groups can be organized informally through local RAPS chapters or through message boards or social media. Some large companies have internal RAC study groups.
If you are trying for your RAC or just thinking about it, you should learn as much as possible about the exam - the resulting reliability and its requirements. Consult with institutes like JBS Academy that offers regulation 6 courses. Getting experience is the best investment you can make in your regulatory career, RAC can help you stay a little more stand out.
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