Vice President (VP), Internal Audit Salary

Pay for Internal Audit VPs in the United States sits in the ballpark of $137K annually. Overall cash earnings for Internal Audit VPs stretch from $100K on the lower end to $226K near the top, and the heftiest packages can encompass around $41K from bonuses and $10K from profit sharing. Location is the biggest factor affecting pay for this group, followed by career duration. Medical benefits are awarded to nearly all, and most earn dental coverage. Men working as Internal Audit VPs who took the survey just slightly outnumber women at 58 percent. Most workers in this position report high levels of job satisfaction.

$93,188 - $189,720
(Median)
$93K
$140K
$190K
MEDIAN: $137,381
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$80K$160K$240K
Salary
$93,188 - $189,720  
   
Bonus
$4,966 - $41,236  
Profit Sharing
$970 - $10,391  
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).
)
$99,656 - $226,267  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 202
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Job Description for Vice President (VP), Internal Audit

A vice president (VP) of internal audits usually holds a leadership position for a large corporation. They work with managers and auditors to address financial and operational issues and help the managers to overcome these problems. The vice president of internal audit oversees various audit-related processes in the company and provides objective evaluations. Then, they help other departments come up with ideas to improve these processes. The vice president of internal audit usually has a team of auditors to whom they delegate tasks.

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Vice President (VP), Internal Audit Tasks

  • Train and manage the internal auditing staff and conduct evaluations.
  • Design methods to assess and mitigate business risks.
  • Conduct internal audits, determine the objectives of audits, and track audit results.
  • Propose methods to improve processes and problem areas identified by audits.

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Internal Audit VPs who responded to the survey indicated only a few skills that they use on the job. Risk Management / Risk Control and Internal Audit are considered valuable skills and can increase employee pay. Internal Audit and Risk Management / Risk Control are correlating skills — those who know the former usually know the latter.

Pay Difference by Location


Internal Audit VPs' salaries are heavily influenced by location — Internal Audit VPs in Boston bring in salaries that are 24 percent lower than the national average.

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Experience Affects Vice President (VP), Internal Audit Salaries

Experienced
up arrow 3%

Late-Career
up arrow 3%

National Average
$153,000

Mid-Career
up arrow 17%

Skills That Affect Vice President (VP), Internal Audit Salaries

Risk Management / Risk Control
up arrow 4%

Internal Audit
up arrow 3%

National Average
$153,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

1-4 years
3%
5-9 years
12%
10-19 years
57%
20 years or more
28%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 88%
vision benefits Vision: 76% employee benefits None: 6%
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