A person working as an Internal Auditor in Saudi Arabia typically earns around 16,400 SAR per month. Salaries range from 7,880 SAR (lowest) to 25,800 SAR (highest).
This is the average monthly 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 Saudi Arabia range from 7,880 SAR per month (minimum salary) to 25,800 SAR per month (maximum salary).
The median salary is 17,100 SAR per month, which means that half (50%) of people working as Internal Auditor(s) are earning less than 17,100 SAR while the other half are earning more than 17,100 SAR. 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 11,200 SAR while 75% of them are earning more than 11,200 SAR. Also from the diagram, 75% of Internal Auditor(s) are earning less than 22,300 SAR while 25% are earning more than 22,300 SAR.
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 9,220 SAR per month.
While someone with an experience level between two and five years is expected to earn 13,100 SAR per month, 42% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 17,200 SAR per month, 31% 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 21,100 SAR per month, 23% 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 22,500 SAR per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 24,600 SAR per month, 10% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+42%|
|5 - 10 Years||+31%|
|10 - 15 Years||+23%|
|15 - 20 Years||+6%|
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 11,500 SAR per month.
While someone with a Bachelor's Degree gets a salary of 18,300 SAR per month, 59% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 24,300 SAR per month, 33% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Saudi Arabia costs anywhere from 84,200 Saudi Riyal(s) to 253,000 Saudi Riyal(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 Saudi Arabia earn 12% more than their female counterparts.
Internal Auditor(s) in Saudi Arabia are likely to observe a salary increase of approximately 11% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 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 Saudi Arabia 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.
44% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 56% 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.
Where can you get paid more, working for a private company or for the government? Public sector Internal Auditor employees in Saudi Arabia earn 7% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+3%|
Internal Auditor salaries in Saudi Arabia are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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 1% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||9,380 SAR||-43%|
|Account Executive||15,800 SAR||-4%|
|Accounting Assistant||9,920 SAR||-40%|
|Accounting Associate||10,900 SAR||-34%|
|Accounting Clerk||7,940 SAR||-52%|
|Accounting Coordinator||8,420 SAR||-49%|
|Accounting Manager||21,700 SAR||+32%|
|Accounting Supervisor||14,900 SAR||-9%|
|Accounting Technician||10,100 SAR||-38%|
|Accounts Executive||13,100 SAR||-20%|
|Accounts Payable and Receivable Specialist||12,800 SAR||-22%|
|Accounts Payable Clerk||8,420 SAR||-49%|
|Accounts Payable Manager||16,900 SAR||+3%|
|Accounts Receivable Clerk||8,880 SAR||-46%|
|Accounts Receivable Manager||17,600 SAR||+7%|
|Assistant Accounting Manager||13,200 SAR||-20%|
|Assistant Auditor||12,100 SAR||-26%|
|Audit Supervisor||20,100 SAR||+22%|
|Auditing Clerk||10,100 SAR||-38%|
|Auditing Manager||22,400 SAR||+36%|
|Billing Coordinator||13,300 SAR||-19%|
|Billing Specialist||12,500 SAR||-24%|
|Billing Supervisor||15,100 SAR||-8%|
|Bookkeeping Specialist||11,500 SAR||-30%|
|Budget Analyst||12,700 SAR||-23%|
|Budget Manager||18,300 SAR||+12%|
|Business Support Analyst||14,700 SAR||-10%|
|Capital Markets Associate||16,400 SAR||-0%|
|Cash Flow Analyst||15,300 SAR||-7%|
|Cash Management Officer||15,600 SAR||-5%|
|Cashbook Clerk||10,200 SAR||-38%|
|Chartered Accountant||14,200 SAR||-13%|
|Collections Clerk||8,340 SAR||-49%|
|Collections Specialist||10,400 SAR||-37%|
|Corporate Treasurer||27,500 SAR||+68%|
|Cost Accountant||12,800 SAR||-22%|
|Cost Accounting Manager||16,600 SAR||+1%|
|Cost Analyst||15,500 SAR||-6%|
|Credit and Collection Manager||17,800 SAR||+8%|
|Credit and Collection Staff||9,080 SAR||-45%|
|Credit and Loans Officer||8,610 SAR||-48%|
|Credit Controller||14,900 SAR||-9%|
|Debt Adviser||19,400 SAR||+18%|
|Debt Collector||13,500 SAR||-18%|
|Debtors Clerk||11,800 SAR||-28%|
|Deputy CFO||26,100 SAR||+59%|
|Derivative Trader||22,000 SAR||+34%|
|Escrow Assistant||13,300 SAR||-19%|
|External Auditor||16,400 SAR||-0%|
|Finance Associate||12,600 SAR||-23%|
|Finance Executive||26,300 SAR||+60%|
|Finance Licensing Clerk||9,670 SAR||-41%|
|Finance Licensing Manager||15,300 SAR||-7%|
|Finance Licensing Specialist||12,000 SAR||-27%|
|Finance Officer||17,200 SAR||+5%|
|Finance President||31,600 SAR||+93%|
|Finance Relationship Manager||22,300 SAR||+36%|
|Finance Release Analyst||14,500 SAR||-12%|
|Finance Team Leader||16,300 SAR||-1%|
|Financial Actuary||15,300 SAR||-7%|
|Financial Administrator||13,700 SAR||-17%|
|Financial Analyst||17,100 SAR||+4%|
|Financial Applications Specialist||10,400 SAR||-37%|
|Financial Assistant||9,360 SAR||-43%|
|Financial Associate||12,100 SAR||-26%|
|Financial Claims Analyst||15,300 SAR||-7%|
|Financial Claims Manager||17,200 SAR||+5%|
|Financial Commercial Analyst||13,300 SAR||-19%|
|Financial Compliance Analyst||15,500 SAR||-6%|
|Financial Consultant||15,400 SAR||-6%|
|Financial Controller||14,200 SAR||-13%|
|Financial Coordinator||13,400 SAR||-18%|
|Financial Customer Service Manager||19,700 SAR||+20%|
|Financial Dealer and Broker||14,700 SAR||-10%|
|Financial Encoder||8,760 SAR||-47%|
|Financial Manager||31,400 SAR||+91%|
|Financial Operations Manager||23,500 SAR||+43%|
|Financial Policy Analyst||15,900 SAR||-3%|
|Financial Project Manager||14,800 SAR||-10%|
|Financial Quantitative Analyst||17,600 SAR||+7%|
|Financial Reporting Consultant||16,300 SAR||-1%|
|Financial Reporting Manager||19,300 SAR||+18%|
|Financial Services Sales Agent||14,300 SAR||-13%|
|Fixed Assets Administrator||13,200 SAR||-20%|
|Forensic Accountant||12,600 SAR||-23%|
|Fraud Detection Supervisor||15,200 SAR||-7%|
|Fraud Prevention Manager||23,100 SAR||+41%|
|Fund Accountant||11,700 SAR||-29%|
|Grants Coordinator||10,300 SAR||-37%|
|Internal Auditor||16,400 SAR||-0%|
|Internal Control Adviser||17,100 SAR||+4%|
|Internal Control Officer||14,300 SAR||-13%|
|Inventory Accountant||24,000 SAR||+46%|
|Investment Analyst||20,300 SAR||+24%|
|Investment Fund Manager||20,500 SAR||+25%|
|Investment Underwriter||9,130 SAR||-44%|
|Investor Relations Manager||19,900 SAR||+21%|
|KYC Team Leader||18,100 SAR||+10%|
|Management Economist||17,700 SAR||+8%|
|Payroll Clerk||9,690 SAR||-41%|
|Payroll Manager||16,300 SAR||-1%|
|Pensions Administrator||12,300 SAR||-25%|
|Pricing Analyst||17,800 SAR||+8%|
|Private Equity Analyst||17,700 SAR||+8%|
|Proposal Development Coordinator||12,100 SAR||-26%|
|Receivables Accountant||10,300 SAR||-37%|
|Regulatory Accountant||12,700 SAR||-23%|
|Retirement Plan Analyst||16,700 SAR||+2%|
|Revenue Management Specialist||13,900 SAR||-15%|
|Revenue Recognition Analyst||20,400 SAR||+24%|
|Risk Management Director||24,400 SAR||+49%|
|Risk Management Supervisor||18,600 SAR||+13%|
|Tax Accountant||11,300 SAR||-31%|
|Tax Advisor||16,000 SAR||-3%|
|Tax Associate||12,000 SAR||-27%|
|Tax Manager||22,100 SAR||+35%|
|Treasury Accountant||12,100 SAR||-26%|
|Treasury Analyst||16,800 SAR||+2%|
|Underwriting Assistant||8,310 SAR||-49%|
|Vice President of Finance||23,500 SAR||+43%|