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 $125K) surpassing six figures annually. Total incomes of Internal Audit Directors incorporate potential for, in a few cases, more than $36K from bonuses and close to $30K from profit sharing; these performance components cause packages to range between $87K and $188K. Geography and years of experience each impact pay for this group, with the former having the largest influence. Work is enjoyable for Internal Audit Directors, who typically claim high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Men make up a slight majority of Internal Audit Directors (59 percent) who responded to the survey. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$84,934 - $165,746
$85K
$130K
$170K
MEDIAN: $125,041
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
$84,934 - $165,746  
   
Bonus
$5,188 - $35,810  
Profit Sharing
$1,965 - $30,000  
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).
)
$87,325 - $188,364  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 454
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United States (change)

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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

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

Common Career Paths for Internal Audit Director


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Internal Audit Directors who go on to become Chief Audit Executives may see their salaries climb quite a bit. Median pay for Chief Audit Executives is $200K annually. With an annual salary of $144K, Internal Audit VP is the most common role for Internal Audit Directors to subsequently assume on their way up the ladder. Transitioning into a Chief Financial Officer role — which usually pays $123K — is also typical for Internal Audit Directors, though less common by comparison.

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Popular Skills for Internal Audit Director


Survey results imply that Internal Audit Directors put a diverse skill set to use. Most notably, skills in Sarbanes-Oxley Compliance Audit, Risk Management / Risk Control, Financial Analysis, and Internal Audit are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis and Regulatory Compliance. Those proficient in Internal Audit are, more often than not, also skilled 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.


Salaries for the relatively untried average out to around $89K, but survey participants with five to 10 years of experience earn a significantly higher median of $118K. Internal Audit Directors claiming one to two decades of experience make an estimated median of $145K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $137K on average.

Pay Difference by Location

National Average: $137,565

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

For Internal Audit Directors, New York provides a pay rate that is 25 percent greater than the national average. Internal Audit Directors will also find cushy salaries in Washington (+21 percent), San Diego (+16 percent), Boston (+15 percent), and Atlanta (+14 percent). Internal Audit Directors in Louisville take home the lowest salaries, earning a whopping 31 percent less than the national average. Workers in Indianapolis and Austin earn salaries that trail the national average for those in this profession (11 percent less and 5 percent less, respectively).

Related Job Salaries

Key Stats for Internal Audit Director

Gender

Female
41 %
Male
59 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 66 votes.
Less than 1 year
1%
1-4 years
2%
5-9 years
10%
10-19 years
54%
20 years or more
33%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Internal Audit Director Salaries

▲5%

National Average
$138,000

▼1%

▼15%

▼36%

Skills That Affect Internal Audit Director Salaries



Financial Analysis
▲2%

Internal Audit
▼0%

National Average
$138,000

Regulatory Compliance
▼6%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 66 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
1%
1-4 years
2%
5-9 years
10%
10-19 years
54%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 87%
vision benefits
Vision: 76%
dental benefits
None: 4%
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