A person working as an Internal Auditor in Ireland typically earns around 38,300 EUR per year. Salaries range from 19,500 EUR (lowest) to 59,000 EUR (highest).
This is the average yearly salary including housing, transport, and other benefits. Internal Auditor salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Internal Auditor salaries in Ireland range from 19,500 EUR per year (minimum salary) to 59,000 EUR per year (maximum salary).
The median salary is 37,600 EUR per year, which means that half (50%) of people working as Internal Auditor(s) are earning less than 37,600 EUR while the other half are earning more than 37,600 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Internal Auditor(s) are earning less than 25,700 EUR while 75% of them are earning more than 25,700 EUR. Also from the diagram, 75% of Internal Auditor(s) are earning less than 47,300 EUR while 25% are earning more than 47,300 EUR.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Internal Auditor salaries by experience level and this is what we found.
An Internal Auditor with less than two years of experience makes approximately 21,900 EUR per year.
While someone with an experience level between two and five years is expected to earn 28,600 EUR per year, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 40,100 EUR per year, 40% more than someone with two to five years of experience.
Additionally, Internal Auditor(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 48,200 EUR per year, 20% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 52,300 EUR per year, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 56,500 EUR per year, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+31%|
|5 - 10 Years||+40%|
|10 - 15 Years||+20%|
|15 - 20 Years||+9%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Internal Auditor salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of an Internal Auditor is 25,100 EUR per year.
While someone with a Bachelor's Degree gets a salary of 37,700 EUR per year, 50% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 55,900 EUR per year, 48% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Ireland costs anywhere from 16,000 Euro(s) to 48,100 Euro(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Internal Auditor employees in Ireland earn 6% more than their female counterparts on average.
Internal Auditor(s) in Ireland are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Ireland for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
An Internal Auditor is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
46% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 54% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Internal Auditor is 3% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||20,500 EUR||-47%|
|Account Executive||36,600 EUR||-5%|
|Accounting Assistant||22,600 EUR||-41%|
|Accounting Associate||19,500 EUR||-49%|
|Accounting Clerk||17,100 EUR||-55%|
|Accounting Coordinator||24,600 EUR||-36%|
|Accounting Manager||57,200 EUR||+49%|
|Accounting Supervisor||37,500 EUR||-2%|
|Accounting Technician||20,500 EUR||-47%|
|Accounts Executive||35,100 EUR||-8%|
|Accounts Payable and Receivable Specialist||29,700 EUR||-23%|
|Accounts Payable Clerk||20,100 EUR||-48%|
|Accounts Payable Manager||53,700 EUR||+40%|
|Accounts Receivable Clerk||20,300 EUR||-47%|
|Accounts Receivable Manager||53,300 EUR||+39%|
|Assistant Accounting Manager||53,800 EUR||+40%|
|Assistant Auditor||27,700 EUR||-28%|
|Audit Supervisor||51,100 EUR||+33%|
|Auditing Clerk||22,000 EUR||-43%|
|Auditing Manager||59,200 EUR||+54%|
|Billing Coordinator||25,000 EUR||-35%|
|Billing Specialist||29,900 EUR||-22%|
|Billing Supervisor||44,000 EUR||+15%|
|Bookkeeping Specialist||27,900 EUR||-27%|
|Budget Analyst||49,900 EUR||+30%|
|Budget Manager||59,900 EUR||+56%|
|Business Support Analyst||31,200 EUR||-19%|
|Capital Markets Associate||42,500 EUR||+11%|
|Cash Flow Analyst||44,000 EUR||+15%|
|Cash Management Officer||33,800 EUR||-12%|
|Cashbook Clerk||19,100 EUR||-50%|
|Chartered Accountant||37,700 EUR||-2%|
|Collections Clerk||17,700 EUR||-54%|
|Collections Specialist||27,800 EUR||-27%|
|Corporate Treasurer||52,200 EUR||+36%|
|Cost Accountant||28,800 EUR||-25%|
|Cost Accounting Manager||54,400 EUR||+42%|
|Cost Analyst||43,800 EUR||+14%|
|Credit and Collection Manager||58,100 EUR||+52%|
|Credit and Collection Staff||20,900 EUR||-45%|
|Credit and Loans Officer||20,000 EUR||-48%|
|Credit Controller||39,100 EUR||+2%|
|Debt Adviser||45,600 EUR||+19%|
|Debt Collector||22,300 EUR||-42%|
|Debtors Clerk||19,200 EUR||-50%|
|Deputy CFO||80,300 EUR||+110%|
|Derivative Trader||46,800 EUR||+22%|
|Escrow Assistant||24,800 EUR||-35%|
|External Auditor||40,000 EUR||+4%|
|Finance Associate||24,100 EUR||-37%|
|Finance Executive||60,600 EUR||+58%|
|Finance Licensing Clerk||20,800 EUR||-46%|
|Finance Licensing Manager||55,200 EUR||+44%|
|Finance Licensing Specialist||31,400 EUR||-18%|
|Finance Officer||27,600 EUR||-28%|
|Finance President||86,900 EUR||+130%|
|Finance Relationship Manager||63,700 EUR||+66%|
|Finance Release Analyst||33,100 EUR||-14%|
|Finance Team Leader||61,600 EUR||+61%|
|Financial Actuary||43,500 EUR||+13%|
|Financial Administrator||48,400 EUR||+26%|
|Financial Analyst||51,100 EUR||+33%|
|Financial Applications Specialist||34,900 EUR||-9%|
|Financial Assistant||22,600 EUR||-41%|
|Financial Associate||23,700 EUR||-38%|
|Financial Claims Analyst||36,200 EUR||-6%|
|Financial Claims Manager||48,100 EUR||+25%|
|Financial Commercial Analyst||42,500 EUR||+11%|
|Financial Compliance Analyst||45,100 EUR||+18%|
|Financial Consultant||39,500 EUR||+3%|
|Financial Controller||44,700 EUR||+17%|
|Financial Coordinator||24,700 EUR||-36%|
|Financial Customer Service Manager||50,900 EUR||+33%|
|Financial Dealer and Broker||30,500 EUR||-20%|
|Financial Encoder||23,600 EUR||-38%|
|Financial Manager||77,500 EUR||+100%|
|Financial Operations Manager||73,600 EUR||+92%|
|Financial Policy Analyst||45,800 EUR||+19%|
|Financial Project Manager||56,500 EUR||+47%|
|Financial Quantitative Analyst||50,600 EUR||+32%|
|Financial Reporting Consultant||39,200 EUR||+2%|
|Financial Reporting Manager||56,500 EUR||+47%|
|Financial Services Sales Agent||29,600 EUR||-23%|
|Fixed Assets Administrator||30,000 EUR||-22%|
|Forensic Accountant||32,100 EUR||-16%|
|Fraud Detection Supervisor||34,500 EUR||-10%|
|Fraud Prevention Manager||57,300 EUR||+49%|
|Fund Accountant||26,900 EUR||-30%|
|Grants Coordinator||20,000 EUR||-48%|
|Internal Auditor||38,300 EUR||-0%|
|Internal Control Adviser||44,000 EUR||+15%|
|Internal Control Officer||24,500 EUR||-36%|
|Inventory Accountant||30,000 EUR||-22%|
|Investment Analyst||56,100 EUR||+46%|
|Investment Fund Manager||63,600 EUR||+66%|
|Investment Underwriter||24,300 EUR||-37%|
|Investor Relations Manager||54,200 EUR||+41%|
|KYC Team Leader||57,100 EUR||+49%|
|Management Economist||62,700 EUR||+64%|
|Payroll Clerk||25,400 EUR||-34%|
|Payroll Manager||53,600 EUR||+40%|
|Pensions Administrator||28,500 EUR||-26%|
|Pricing Analyst||48,600 EUR||+27%|
|Private Equity Analyst||51,200 EUR||+34%|
|Proposal Development Coordinator||23,900 EUR||-38%|
|Receivables Accountant||26,600 EUR||-31%|
|Regulatory Accountant||31,000 EUR||-19%|
|Retirement Plan Analyst||44,600 EUR||+16%|
|Revenue Management Specialist||46,500 EUR||+21%|
|Revenue Recognition Analyst||51,300 EUR||+34%|
|Risk Management Director||65,000 EUR||+70%|
|Risk Management Supervisor||53,700 EUR||+40%|
|Tax Accountant||27,200 EUR||-29%|
|Tax Advisor||45,200 EUR||+18%|
|Tax Associate||24,500 EUR||-36%|
|Tax Manager||55,600 EUR||+45%|
|Treasury Accountant||29,500 EUR||-23%|
|Treasury Analyst||45,400 EUR||+18%|
|Underwriting Assistant||18,100 EUR||-53%|
|Vice President of Finance||76,600 EUR||+100%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Ireland earn 5% more than their private sector counterparts on average across all sectors.