Internal Auditor Salary

Internal Auditors in the United States take home approximately $53K annually on average. Including potential for bonuses and profit sharing, each hitting highs of $6K, total cash payment to Internal Auditors can bottom out at $34K or peak near $75K. Compensation for this group is mainly affected by geographic location, but the specific employer and experience level are influential factors as well. Women make up a slight majority of Internal Auditors (51 percent) survey respondents. For the most part, Internal Auditors enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$38,667 - $73,434
(Median)
$39K
$53K
$73K
MEDIAN: $52,533
10%
50%
90%

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$12.12 - $26.17
(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
$38,667 - $73,434  
   
Bonus
$0.00 - $6,217  
Profit Sharing
$347.65 - $6,008  
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).
)
$34,459 - $74,835  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 2,323
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
$12.12 - $26.17  
   
Overtime
$15.61 - $37.03  
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 - $6,217  
   
Profit Sharing
$347.65 - $6,008  
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).
)
$34,459 - $74,835  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 408
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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 may experience a large salary bump if they progress into a role such as Internal Audit Director. The latter position pays an average of $120K annually. Typical career progression for an Internal Auditor involves becoming a Senior Internal Auditor or an Internal Auditing Manager, roles that pay $18K more and $41K more on average.

Internal Auditor Job Listings

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Popular Employer Salaries for Internal Auditor


Employees at Marsh & Mclennan Companies Inc enjoy the biggest paychecks, and $71K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $69K and higher ones not far away at only $74K.

Popular Skills for Internal Auditor


Survey results imply that Internal Auditors deploy a substantial tool kit of skills at work. 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, 20 percent, and 17 percent, respectively. Skills that seem to negatively impact pay include Windows Operating System General Use. Most people experienced in Microsoft Excel also know 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 $50K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $57K. People with 10 to 20 years of experience make an average of about $61K in this role. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $58K on average.

Pay Difference by Location


For Internal Auditors, New York provides a pay rate that is 36 percent greater than the national average. Internal Auditors can also look forward to large paychecks in cities like Washington (+31 percent), Los Angeles (+26 percent), Seattle (+20 percent), and Houston (+19 percent). Trailing the national average by 9 percent, Jacksonville is the market with the smallest paychecks. Employers in Salt Lake City and Cleveland also lean toward paying below-median salaries (7 percent lower and 6 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 20%

Accounting
up arrow 17%





Internal Audit
up arrow 4%

Data Analysis
0%

Regulatory Compliance
0%

National Average
$52,000

Windows NT / 2000 / XP Networking
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 479 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: 68% employee benefits None: 10%
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