Internal Auditor Salary

Internal Auditors in the United States can expect to earn an average of $53K annually. Including potential for bonuses and profit sharing — peaking near $6K and $6K, respectively — total cash payment to Internal Auditors can bottom out near $35K or peak near $75K depending on individual performance. While the specific employer and tenure impact pay for this group, residence is the most influential factor. Women make up a slight majority of Internal Auditors (50 percent) survey respondents. Most workers in this position report high levels of job satisfaction. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. This report is based on responses to the PayScale salary survey.

$38,727 - $73,550

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$12.17 - $26.34

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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$26K$52K$78K
Salary
$38,727 - $73,550  
   
Bonus
$0.00 - $6,384  
Profit Sharing
$304.10 - $5,984  
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).
)
$34,609 - $75,099  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 2,336
National Hourly Rate 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$13$26$39
Hourly Rate
$12.17 - $26.34  
   
Overtime
$15.73 - $36.84  
National Annualized 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$26K$52K$78K
Bonus
$0.00 - $6,384  
   
Profit Sharing
$304.10 - $5,984  
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).
)
$34,609 - $75,099  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 402
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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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Internal Auditors who transition into an Internal Audit Director role may receive large pay increases as the latter position pays an average $120K per year. When Internal Auditors are ready for the next step in their careers, they often become Senior Internal Auditors or Internal Auditing Managers. Those roles pay an additional $18K and $40K, 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 results imply that Internal Auditors deploy a deep pool of skills on the job. Most notably, facility with Sarbanes-Oxley, Sarbanes-Oxley (SOX) Compliance Audit, and Accounting are correlated to pay that is significantly above average, leading to increases of 22 percent, 21 percent, and 17 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Windows Operating System General Use and Microsoft Word. Those educated in Microsoft Excel tend to be well versed in Internal Audit.

Pay by Experience Level for Internal Auditor

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


Respondents with less than five years' experience take home $50K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $58K. The average pay reported by folks with 10 to 20 years of experience is around $61K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $58K.

Pay Difference by Location


With a pay rate for Internal Auditors that is 36 percent greater than the national average, New York offers a comfortable salary for those in this profession. Internal Auditors can also look forward to large paychecks in cities like Washington (+31 percent), Los Angeles (+25 percent), Houston (+19 percent), and Seattle (+18 percent). Jacksonville ranks last in the field for pay, reporting salaries 10 percent below the national average. Salt Lake City and Cleveland are a couple other places where companies are known to pay below the median — salaries are 8 percent lower and 7 percent lower, respectively.

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Experience Affects Internal Auditor Salaries




National Average
$52,000


Skills That Affect Internal Auditor Salaries

Sarbanes-Oxley (SOX) Audit, Information Technology (IT)
up arrow 22%


Accounting
up arrow 17%





Internal Audit
up arrow 4%

Data Analysis
0%

Regulatory Compliance
0%

National Average
$52,000

Microsoft Office
up arrow 2%

Windows NT / 2000 / XP Networking
up arrow 2%

Microsoft Excel
up arrow 3%

Microsoft Word
up arrow 3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 470 votes.

Gender

Female
50 %
Male
50 %

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: 68% employee benefits None: 9%
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