Internal Audit Director Salary

Internal Audit Directors in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $121K) surpassing six figures annually. In the world of Internal Audit Directors, total cash compensation can vary between $82K and $189K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $39K and $29K, respectively. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Most Internal Audit Directors like their work and job satisfaction is high. Men account for the majority of Internal Audit Directors who responded to the questionnaire — 67 percent to be exact. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. This snapshot results from replies to PayScale's salary survey.

$80,355 - $158,663
(Median)
$80K
$120K
$160K
MEDIAN: $120,538
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70K$140K$210K
Salary
$80,355 - $158,663  
   
Bonus
$2,976 - $38,548  
Profit Sharing
$1,983 - $29,032  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$82,303 - $189,253  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 654
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Job Description for Internal Audit Director

The internal audit director works with internal company resources and employees to evaluate and optimize financial functions. This includes creating reports on risks across various departments, conducting internal audits, coordinating between departments, and establishing quality assurance standards; all of these tasks must be performed efficiently without impairing operations and documented in reports that may be used to address potential problems. They work directly with employees throughout the company and communicating findings to management, and they may coordinate with subordinates within their department. To optimally perform the duties of this position, the internal audit director must keep up with the latest trends and developments within their industry and profession. Internal audit directors typically work in an office environment during regular business hours, although overtime may be required depending on deadlines and the needs of the business.

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Internal Audit Director Tasks

  • Enforce compliance with company policies for risk assessment and financial controls.
  • Conduct reviews to identify financial and business risks, and implement appropriate controls.
  • Develop strategies and procedures for carrying out internal audits.
  • Oversee external audits, organizing paperwork and making sure audits are finished on schedule.

Common Career Paths for Internal Audit Director


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Many Internal Audit Directors transition into upper-level Internal Audit VP positions. Internal Audit VPs earn a median of $148K per year.

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Popular Skills for Internal Audit Director


Internal Audit Directors who responded to the survey report just a handful of professional skills. Most notably, skills in Sarbanes-Oxley Compliance Audit, Risk Management / Risk Control, Internal Audit, and Regulatory Compliance are correlated to pay that is above average. Skills that pay less than market rate include Regulatory Compliance. Most people skilled in Internal Audit are similarly competent in Sarbanes-Oxley (SOX) Compliance Audit.

Pay by Experience Level for Internal Audit Director

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Individuals with fewer than five years of experience earn $89K on average, but those in the five-to-10 year group see a six-figure median of $116K. Internal Audit Directors claiming one to two decades of experience make an estimated median of $136K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $133K on average.

Pay Difference by Location

National Average: $131,216

Larger city markers indicate a job is popular in that location.

Internal Audit Directors will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 40 percent. Internal Audit Directors will also find cushy salaries in Philadelphia (+25 percent), Boston (+18 percent), Atlanta (+17 percent), and Washington (+16 percent). The smallest paychecks in the market, 10 percent south of the national average, can be found in Omaha.

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Experience Affects Internal Audit Director Salaries



National Average
$131,000


Entry-Level
up arrow 32%

Skills That Affect Internal Audit Director Salaries


Risk Management / Risk Control
up arrow 4%

Internal Audit
up arrow 1%

National Average
$131,000

Regulatory Compliance
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 101 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
0%
1-4 years
1%
5-9 years
12%
10-19 years
50%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 88%
medical benefits
Vision: 75%
dental benefits
None: 4%
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