As an in-house data privacy officer, you can expect a stable and competitive salary, as well as benefits such as health insurance, pension, or bonuses. You may also have opportunities for career advancement and professional development within your organization, or access to internal resources and networks. However, you may also face budget constraints, salary caps, or performance reviews that limit your income potential and growth.
As a consultant, you can charge higher rates for your data privacy services, depending on your experience, reputation, and demand. You can also negotiate your own terms and conditions, such as hours, deadlines, or travel expenses. You have more control over your income and expenses, but also more risk and responsibility. You have to pay for your own taxes, insurance, and equipment, and you may not have a steady or predictable income stream.