Vice President (VP), Internal Audit Salary

Median pay for Internal Audit VPs in the United States lies in the neighborhood of $138K per year. Including potential for bonuses and profit sharing — peaking near $41K and $10K, respectively — total cash payment to Internal Audit VPs can bottom out near $100K or peak near $226K depending on individual performance. Location and experience level each impact pay for this group, with the former having the largest influence. Almost all get medical and dental insurance, and a fair number get vision plans, too. The majority of Internal Audit VPs claim high levels of job satisfaction.

$93,953 - $194,518
(Median)
$94K
$140K
$190K
MEDIAN: $137,592
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
$93,953 - $194,518  
   
Bonus
$4,987 - $41,440  
Profit Sharing
$970 - $10,365  
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).
)
$100,170 - $225,541  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 203

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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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Survey takers who work as Internal Audit VPs usually report a few specific skills. 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


Place of residence plays a huge part in an Internal Audit VP's salary, with Boston Internal Audit VPs earning salaries that are 24 percent less than the national average.

Related Job Salaries

United States (change)

Experience Affects Vice President (VP), Internal Audit Salaries

Late-Career
up arrow 5%

Experienced
up arrow 2%

National Average
$155,000

Mid-Career
up arrow 15%

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

Risk Management / Risk Control
up arrow 3%

National Average
$155,000

Internal Audit
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

1-4 years
2%
5-9 years
11%
10-19 years
59%
20 years or more
28%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 87%
vision benefits Vision: 76% employee benefits None: 6%