For Internal Audit VPs, yearly average wages total $134K annually. Total cash compensation for Internal Audit VPs runs from $104K to $203K depending on bonuses that can occasionally exceed $32K and profit sharing that can reach almost $49K. This group's pay is mainly influenced by geography, followed by years of experience and the specific company. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Women are just slightly outnumbered, with male Internal Audit VPs making up 54 percent of survey respondents. Job satisfaction is reported as high by the vast majority of workers. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$92,166 - $182,639
(Median)
$92K
$130K
$180K
MEDIAN: $133,921
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$70K$140K$210K
Salary
$92,166 - $182,639  
   
Bonus
$7,185 - $31,614  
Profit Sharing
$-0.50 - $48,936  
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).
)
$103,754 - $202,603  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 112
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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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Pay Difference by Location

National Average: $145,996

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

Internal Audit VPs working in New York make slightly more than the national average, but overall, geography does not significantly influence pay in this role. The lowest-paying market is Boston, which sits 15 percent below the national average.

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Experience Affects Vice President (VP), Internal Audit Salaries

Experienced
up arrow 9%

Late-Career
up arrow 4%

National Average
$146,000

Mid-Career
up arrow 7%

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

Risk Management / Risk Control
up arrow 4%

Internal Audit
up arrow 1%

National Average
$146,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 9 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

1-4 years
3%
5-9 years
21%
10-19 years
45%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 88%
medical benefits
Vision: 76%
dental benefits
None: 2%
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