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Internal Auditor Salary

Earnings for Internal Auditors in the United States come in at around $52K per year on average. Overall cash earnings for Internal Auditors vary widely between $34K and $75K; for a few high rollers, the final number can encompass upwards of $6K each from bonuses and profit sharing proceeds. Earnings for this group are mostly affected by location, followed by the company and experience level. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Job satisfaction is high and work is enjoyable for most Internal Auditors. Women Internal Auditors who took the survey just slightly outnumber men. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$38,287 - $73,072
(Median)
$38K
$52K
$73K
MEDIAN: $52,291
10%
50%
90%

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$12.16 - $26.32
(Median)
$12
$17
$26
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25K$50K$75K
Salary
$38,287 - $73,072  
   
Bonus
$0.00 - $6,239  
Profit Sharing
$493.16 - $6,024  
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).
)
$34,426 - $74,514  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 2,324
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$12.16 - $26.32  
   
Overtime
$15.42 - $36.93  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $6,239  
   
Profit Sharing
$493.16 - $6,024  
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).
)
$34,426 - $74,514  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 408

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United States (change)


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Job Description for Internal Auditor

Internal auditors work as an internal checkers for companies, as their findings and evaluations are primary tools for identifying strengths and weaknesses within an organization. To whom they report will vary from business to business, but it is generally an upper level of management or ownership, such as an Audit Committee of a Board of Directors. In publicly-traded companies, it is required by law that an internal auditor report to the CEO.

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Internal Auditor Tasks

  • Evaluate and document existing or proposed procedures and controls.
  • Provide management with recommendations for policy, procedure and practice improvements.
  • Conduct operational, compliance, financial and SOX audits within an organization.
  • Acts as a liaison for audits with internal departments as well as outside auditors.

Common Career Paths for Internal Auditor


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At the upper end, Internal Auditors who move into an Internal Audit Director role can end up with a hefty increase in pay. The average income for Internal Audit Directors is a much higher $120K per year. Internal Auditors most often move into positions as Senior Internal Auditors or Internal Auditing Managers; those groups report median salaries that are $18K higher and $40K higher, respectively.

Internal Auditor Job Listings

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Popular Employer Salaries for Internal Auditor


Marsh & Mclennan Companies Inc pays the most with a median salary of $71K, though there is little variation overall ($69K to $74K).

Popular Skills for Internal Auditor


Survey takers working as Internal Auditors report using a large range of professional skills. Most notably, facility with Sarbanes-Oxley Compliance Audit, Sarbanes-Oxley (SOX) Audit, Information Technology (IT), and Accounting are correlated to pay that is significantly above average, leading to increases of 22 percent, 21 percent, and 17 percent, respectively. At the other end of the pay range are skills like Windows Operating System General Use. Those proficient in Microsoft Excel are, more often than not, also skilled in Internal Audit.

Pay by Experience Level for Internal Auditor

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


Relatively untried employees who have less than five years' experience make $50K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $57K. For Internal Auditors, 10 to 20 years of experience on the job amounts to an average salary of $60K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $58K.

Pay Difference by Location


New York is home to an above-average pay rate for Internal Auditors, 36 percent higher than the national average. Internal Auditors will also find cushy salaries in Washington (+28 percent), Los Angeles (+25 percent), Houston (+17 percent), and Seattle (+16 percent). Cleveland ranks last in the field for pay, reporting salaries 8 percent below the national average. Employers also pay below the national average in Jacksonville and Salt Lake City (6 percent lower).

Related Job Salaries

United States (change)

Experience Affects Internal Auditor Salaries




National Average
$52,000


Skills That Affect Internal Auditor Salaries


Sarbanes-Oxley (SOX) Audit, Information Technology (IT)
up arrow 21%

Accounting
up arrow 17%





Internal Audit
up arrow 4%

Data Analysis
0%

National Average
$52,000

Windows NT / 2000 / XP Networking
up arrow 1%

Regulatory Compliance
up arrow 1%

Microsoft Excel
up arrow 2%

Microsoft Office
up arrow 2%

Microsoft Word
up arrow 3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 516 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
8%
1-4 years
53%
5-9 years
22%
10-19 years
12%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 80%
vision benefits Vision: 67% employee benefits None: 10%
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