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Internal Auditor Average Salary in Ireland 2020

How much money does an Internal Auditor make in Ireland?


Average Yearly Salary
38,300 EUR
( 3,190 EUR monthly)

LOW
19,500
EUR
AVERAGE
38,300
EUR
HIGH
59,000
EUR

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 Salary Distribution in Ireland

Median and salary distribution yearly Ireland Internal Auditor
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The median, the maximum, the minimum, and the range

  • Salary Range

    Internal Auditor salaries in Ireland range from 19,500 EUR per year (minimum salary) to 59,000 EUR per year (maximum salary).

  • Median 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.

  • Percentiles

    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.


What is the difference between the median and the average salary?

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

Internal Auditor Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Ireland Internal Auditor
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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.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

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.


Internal Auditor average salary change by experience in Ireland

0 - 2 Years
21,900 EUR
2 - 5 Years+31%
28,600 EUR
5 - 10 Years+40%
40,100 EUR
10 - 15 Years+20%
48,200 EUR
15 - 20 Years+9%
52,300 EUR
20+ Years+8%
56,500 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Internal Auditor Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Internal Auditor(s) who have the same experience but different education levels.

Salary comparison by education level yearly Ireland Internal Auditor
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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.


Internal Auditor average salary difference by education level in Ireland

Certificate or Diploma
25,100 EUR
Bachelor's Degree+50%
37,700 EUR
Master's Degree+48%
55,900 EUR
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Internal Auditor Salary Comparison By Gender

Salary comparison by gender yearly Ireland Internal Auditor
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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.

Male
39,400 EUR
Female-5%
37,300 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Ireland for all Careers

Salary comparison by gender yearly Ireland
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Internal Auditor Average Annual Salary Increment Percentage in Ireland

How much are annual salary increments in Ireland for Internal Auditor(s)? How often do employees get salary raises?

Internal Auditor

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.

Annual Salary Increment Rate Ireland Internal Auditor
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Ireland / All Professions

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.

How to calculate the salary increment percentage?

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

The average salary increase in one year (12 months) in Ireland is 7%.

Annual Increment Rate By Industry 2019

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Internal Auditor Bonus and Incentive Rates in Ireland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ireland Internal Auditor
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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.

Received Bonus
54%
No Bonus
46%

Types of Bonuses Considered

Individual Performance-Based Bonuses

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.

Bonuses Are Not Commissions!

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.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting 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.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

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.

Internal Auditor Average Hourly Wage in Ireland


18 EUR per hour

The average hourly wage (pay per hour) in Ireland is 18 EUR. This means that the average Internal Auditor in Ireland earns approximately 18 EUR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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.

Internal Auditor VS Other Jobs

Salary Comparison Between Internal Auditor and Accounting and Finance yearly Ireland
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner20,500 EUR-47%
Account Executive36,600 EUR-5%
Accountant28,800 EUR-25%
Accounting Assistant22,600 EUR-41%
Accounting Associate19,500 EUR-49%
Accounting Clerk17,100 EUR-55%
Accounting Coordinator24,600 EUR-36%
Accounting Manager57,200 EUR+49%
Accounting Supervisor37,500 EUR-2%
Accounting Technician20,500 EUR-47%
Accounts Executive35,100 EUR-8%
Accounts Payable and Receivable Specialist29,700 EUR-23%
Accounts Payable Clerk20,100 EUR-48%
Accounts Payable Manager53,700 EUR+40%
Accounts Receivable Clerk20,300 EUR-47%
Accounts Receivable Manager53,300 EUR+39%
Assistant Accounting Manager53,800 EUR+40%
Assistant Auditor27,700 EUR-28%
Audit Supervisor51,100 EUR+33%
Auditing Clerk22,000 EUR-43%
Auditing Manager59,200 EUR+54%
Billing Coordinator25,000 EUR-35%
Billing Specialist29,900 EUR-22%
Billing Supervisor44,000 EUR+15%
Bookkeeper19,000 EUR-50%
Bookkeeping Specialist27,900 EUR-27%
Budget Analyst49,900 EUR+30%
Budget Manager59,900 EUR+56%
Business Support Analyst31,200 EUR-19%
Capital Markets Associate42,500 EUR+11%
Cash Flow Analyst44,000 EUR+15%
Cash Management Officer33,800 EUR-12%
Cashbook Clerk19,100 EUR-50%
Chartered Accountant37,700 EUR-2%
Collections Clerk17,700 EUR-54%
Collections Specialist27,800 EUR-27%
Corporate Treasurer52,200 EUR+36%
Cost Accountant28,800 EUR-25%
Cost Accounting Manager54,400 EUR+42%
Cost Analyst43,800 EUR+14%
Credit and Collection Manager58,100 EUR+52%
Credit and Collection Staff20,900 EUR-45%
Credit and Loans Officer20,000 EUR-48%
Credit Controller39,100 EUR+2%
Debt Adviser45,600 EUR+19%
Debt Collector22,300 EUR-42%
Debtors Clerk19,200 EUR-50%
Deputy CFO80,300 EUR+110%
Derivative Trader46,800 EUR+22%
Escrow Assistant24,800 EUR-35%
External Auditor40,000 EUR+4%
Finance Associate24,100 EUR-37%
Finance Executive60,600 EUR+58%
Finance Licensing Clerk20,800 EUR-46%
Finance Licensing Manager55,200 EUR+44%
Finance Licensing Specialist31,400 EUR-18%
Finance Officer27,600 EUR-28%
Finance President86,900 EUR+130%
Finance Relationship Manager63,700 EUR+66%
Finance Release Analyst33,100 EUR-14%
Finance Team Leader 61,600 EUR+61%
Financial Actuary43,500 EUR+13%
Financial Administrator48,400 EUR+26%
Financial Analyst51,100 EUR+33%
Financial Applications Specialist34,900 EUR-9%
Financial Assistant22,600 EUR-41%
Financial Associate23,700 EUR-38%
Financial Claims Analyst36,200 EUR-6%
Financial Claims Manager48,100 EUR+25%
Financial Commercial Analyst42,500 EUR+11%
Financial Compliance Analyst45,100 EUR+18%
Financial Consultant39,500 EUR+3%
Financial Controller44,700 EUR+17%
Financial Coordinator24,700 EUR-36%
Financial Customer Service Manager50,900 EUR+33%
Financial Dealer and Broker30,500 EUR-20%
Financial Encoder23,600 EUR-38%
Financial Manager77,500 EUR+100%
Financial Operations Manager73,600 EUR+92%
Financial Policy Analyst45,800 EUR+19%
Financial Project Manager56,500 EUR+47%
Financial Quantitative Analyst50,600 EUR+32%
Financial Reporting Consultant39,200 EUR+2%
Financial Reporting Manager56,500 EUR+47%
Financial Services Sales Agent29,600 EUR-23%
Fixed Assets Administrator30,000 EUR-22%
Forensic Accountant32,100 EUR-16%
Fraud Detection Supervisor34,500 EUR-10%
Fraud Prevention Manager57,300 EUR+49%
Fund Accountant26,900 EUR-30%
Grants Coordinator20,000 EUR-48%
Internal Auditor38,300 EUR-0%
Internal Control Adviser44,000 EUR+15%
Internal Control Officer24,500 EUR-36%
Inventory Accountant30,000 EUR-22%
Investment Analyst56,100 EUR+46%
Investment Fund Manager63,600 EUR+66%
Investment Underwriter24,300 EUR-37%
Investor38,300 EUR-0%
Investor Relations Manager54,200 EUR+41%
KYC Team Leader57,100 EUR+49%
Management Economist62,700 EUR+64%
Paymaster23,800 EUR-38%
Payroll Clerk25,400 EUR-34%
Payroll Manager53,600 EUR+40%
Pensions Administrator28,500 EUR-26%
Pricing Analyst48,600 EUR+27%
Private Equity Analyst51,200 EUR+34%
Proposal Development Coordinator23,900 EUR-38%
Receivables Accountant26,600 EUR-31%
Regulatory Accountant31,000 EUR-19%
Retirement Plan Analyst44,600 EUR+16%
Revenue Management Specialist46,500 EUR+21%
Revenue Recognition Analyst51,300 EUR+34%
Risk Management Director65,000 EUR+70%
Risk Management Supervisor53,700 EUR+40%
Tax Accountant27,200 EUR-29%
Tax Advisor45,200 EUR+18%
Tax Associate24,500 EUR-36%
Tax Manager55,600 EUR+45%
Teller16,400 EUR-57%
Treasury Accountant29,500 EUR-23%
Treasury Analyst45,400 EUR+18%
Underwriter19,200 EUR-50%
Underwriting Assistant18,100 EUR-53%
Vice President of Finance76,600 EUR+100%

Salary Comparison By City

CityAverage Salary
Cork37,900 EUR
Dublin43,200 EUR
Galway34,800 EUR
Limerick37,600 EUR
Waterford34,100 EUR

Government vs Private Sector Salary Comparison

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.

Private Sector
37,600 EUR
Public Sector+5%
39,300 EUR
Percentage increase and decrease are relative to the previous value

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