Internal Auditor Salary

For Internal Auditors, yearly average wages total $53K annually. Including potential for bonuses and profit sharing — peaking near $7K and $6K, respectively — total cash payment to Internal Auditors can bottom out near $35K or peak near $76K depending on individual performance. Earnings for this group are mostly affected by location, followed by the specific employer and tenure. Medical benefits are awarded to most, and a large number earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. Women make up a slight majority of Internal Auditors (51 percent) survey respondents.

$39,229 - $74,858
(Median)
$39K
$53K
$75K
MEDIAN: $53,323
10%
50%
90%

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$12.33 - $25.91
(Median)
$12
$17
$26
MEDIAN: $17.00
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$26K$52K$78K
Salary
$39,229 - $74,858  
   
Bonus
$0.00 - $6,828  
Profit Sharing
$0.00 - $5,758  
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).
)
$34,988 - $76,492  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,514
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
$12.33 - $25.91  
   
Hourly Tips
$0.00  
Overtime
$15.61 - $38.60  
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 - $6,828  
   
Profit Sharing
$0.00 - $5,758  
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).
)
$34,988 - $76,492  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 416
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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 go on to become Internal Audit Directors may see their salaries climb quite a bit. Median pay for Internal Audit Directors is $121K annually. It is quite typical for Internal Auditors to transition into roles as Senior Internal Auditors or Internal Auditing Managers, where reported median earnings are $17K and $41K higher per year.

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).

With a median salary of $52K, KPMG, LLP provides Internal Auditors with the lowest pay in their field; moreover, earnings are capped at only $65K, limiting employee salary growth.

Popular Skills for Internal Auditor


Internal Auditors report using 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 20 percent, 19 percent, and 16 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Windows Operating System General Use, Windows NT / 2000 / XP Networking, and Microsoft Word. It is often found that people who know Microsoft Excel are 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.


The average worker who claims fewer than five years of experience earns around $51K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $59K. Internal Auditors see a median salary of $62K after reaching one to two decades on the job. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $58K by contrast.

Pay Difference by Location

National Average: $52,574

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

For those looking to make money, Internal Auditors in New York enjoy an exceptional pay rate, 35 percent above the national average. Internal Auditors can also look forward to large paychecks in cities like Washington (+32 percent), Seattle (+28 percent), Houston (+20 percent), and Denver (+19 percent). Trailing the national average by 8 percent, Salt Lake City is the market with the smallest paychecks. Below-median salaries also turn up in Cleveland and Columbus (8 percent lower and 6 percent lower, respectively).

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Experience Affects Internal Auditor Salaries




National Average
$53,000


Skills That Affect Internal Auditor Salaries

Sarbanes-Oxley (SOX) Audit, Information Technology (IT)
up arrow 20%


Accounting
up arrow 16%





Regulatory Compliance
up arrow 4%

Internal Audit
up arrow 3%

Data Analysis
0%

National Average
$53,000

Microsoft Excel
up arrow 3%

Microsoft Office
up arrow 3%

Microsoft Word
up arrow 3%

Windows NT / 2000 / XP Networking
up arrow 4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 431 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
9%
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%
medical benefits
Vision: 68%
dental benefits
None: 9%
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