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Internal Auditor Average Salary in Saudi Arabia 2020

How much money does an Internal Auditor make in Saudi Arabia?


Average Monthly Salary
16,400 SAR
( 197,000 SAR yearly)

LOW
7,880
SAR
AVERAGE
16,400
SAR
HIGH
25,800
SAR

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 Salary Distribution in Saudi Arabia

Median and salary distribution monthly Saudi Arabia Internal Auditor
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The median, the maximum, the minimum, and the range

  • Salary Range

    Internal Auditor salaries in Saudi Arabia range from 7,880 SAR per month (minimum salary) to 25,800 SAR per month (maximum salary).

  • Median 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.

  • 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 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.


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 monthly Saudi Arabia 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 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.

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 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.


Internal Auditor average salary change by experience in Saudi Arabia

0 - 2 Years
9,220 SAR
2 - 5 Years+42%
13,100 SAR
5 - 10 Years+31%
17,200 SAR
10 - 15 Years+23%
21,100 SAR
15 - 20 Years+6%
22,500 SAR
20+ Years+10%
24,600 SAR
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 monthly Saudi Arabia 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 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.


Internal Auditor average salary difference by education level in Saudi Arabia

Certificate or Diploma
11,500 SAR
Bachelor's Degree+59%
18,300 SAR
Master's Degree+33%
24,300 SAR
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 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.


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 monthly Saudi Arabia 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 Saudi Arabia earn 12% more than their female counterparts.

Female
15,900 SAR
Male+12%
17,700 SAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Saudi Arabia for all Careers

Salary comparison by gender monthly Saudi Arabia
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Internal Auditor Average Annual Salary Increment Percentage in Saudi Arabia

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

Internal Auditor

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.

Annual Salary Increment Rate Saudi Arabia 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.

Saudi Arabia / All Professions

Annual Salary Increment Rate Saudi Arabia
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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 Saudi Arabia is 6%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Internal Auditor Bonus and Incentive Rates in Saudi Arabia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Saudi Arabia 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.

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.

Received Bonus
56%
No Bonus
44%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Saudi Arabia
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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.

Private Sector
16,200 SAR
Public Sector+7%
17,300 SAR
Percentage increase and decrease are relative to the previous value

Internal Auditor Salary Trend and Forecast in Saudi Arabia

How are Internal Auditor salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Saudi Arabia Internal Auditor
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Average Salary 2016
14,700 SAR
Average Salary 2017+4%
15,200 SAR
Average Salary 2018+3%
15,700 SAR
Average Salary 2019+3%
16,100 SAR
Percentage increase and decrease are relative to the previous value

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.

Internal Auditor Average Hourly Wage in Saudi Arabia


95 SAR per hour

The average hourly wage (pay per hour) in Saudi Arabia is 95 SAR. This means that the average Internal Auditor in Saudi Arabia earns approximately 95 SAR 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 monthly Saudi Arabia
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner9,380 SAR-43%
Account Executive15,800 SAR-4%
Accountant10,400 SAR-37%
Accounting Assistant9,920 SAR-40%
Accounting Associate10,900 SAR-34%
Accounting Clerk7,940 SAR-52%
Accounting Coordinator8,420 SAR-49%
Accounting Manager21,700 SAR+32%
Accounting Supervisor14,900 SAR-9%
Accounting Technician10,100 SAR-38%
Accounts Executive13,100 SAR-20%
Accounts Payable and Receivable Specialist12,800 SAR-22%
Accounts Payable Clerk8,420 SAR-49%
Accounts Payable Manager16,900 SAR+3%
Accounts Receivable Clerk8,880 SAR-46%
Accounts Receivable Manager17,600 SAR+7%
Assistant Accounting Manager13,200 SAR-20%
Assistant Auditor12,100 SAR-26%
Audit Supervisor20,100 SAR+22%
Auditing Clerk10,100 SAR-38%
Auditing Manager22,400 SAR+36%
Billing Coordinator13,300 SAR-19%
Billing Specialist12,500 SAR-24%
Billing Supervisor15,100 SAR-8%
Bookkeeper8,260 SAR-50%
Bookkeeping Specialist11,500 SAR-30%
Budget Analyst12,700 SAR-23%
Budget Manager18,300 SAR+12%
Business Support Analyst14,700 SAR-10%
Capital Markets Associate16,400 SAR-0%
Cash Flow Analyst15,300 SAR-7%
Cash Management Officer15,600 SAR-5%
Cashbook Clerk10,200 SAR-38%
Chartered Accountant14,200 SAR-13%
Collections Clerk8,340 SAR-49%
Collections Specialist10,400 SAR-37%
Corporate Treasurer27,500 SAR+68%
Cost Accountant12,800 SAR-22%
Cost Accounting Manager16,600 SAR+1%
Cost Analyst15,500 SAR-6%
Credit and Collection Manager17,800 SAR+8%
Credit and Collection Staff9,080 SAR-45%
Credit and Loans Officer8,610 SAR-48%
Credit Controller14,900 SAR-9%
Debt Adviser19,400 SAR+18%
Debt Collector13,500 SAR-18%
Debtors Clerk11,800 SAR-28%
Deputy CFO26,100 SAR+59%
Derivative Trader22,000 SAR+34%
Escrow Assistant13,300 SAR-19%
External Auditor16,400 SAR-0%
Finance Associate12,600 SAR-23%
Finance Executive26,300 SAR+60%
Finance Licensing Clerk9,670 SAR-41%
Finance Licensing Manager15,300 SAR-7%
Finance Licensing Specialist12,000 SAR-27%
Finance Officer17,200 SAR+5%
Finance President31,600 SAR+93%
Finance Relationship Manager22,300 SAR+36%
Finance Release Analyst14,500 SAR-12%
Finance Team Leader 16,300 SAR-1%
Financial Actuary15,300 SAR-7%
Financial Administrator13,700 SAR-17%
Financial Analyst17,100 SAR+4%
Financial Applications Specialist10,400 SAR-37%
Financial Assistant9,360 SAR-43%
Financial Associate12,100 SAR-26%
Financial Claims Analyst15,300 SAR-7%
Financial Claims Manager17,200 SAR+5%
Financial Commercial Analyst13,300 SAR-19%
Financial Compliance Analyst15,500 SAR-6%
Financial Consultant15,400 SAR-6%
Financial Controller14,200 SAR-13%
Financial Coordinator13,400 SAR-18%
Financial Customer Service Manager19,700 SAR+20%
Financial Dealer and Broker14,700 SAR-10%
Financial Encoder8,760 SAR-47%
Financial Manager31,400 SAR+91%
Financial Operations Manager23,500 SAR+43%
Financial Policy Analyst15,900 SAR-3%
Financial Project Manager14,800 SAR-10%
Financial Quantitative Analyst17,600 SAR+7%
Financial Reporting Consultant16,300 SAR-1%
Financial Reporting Manager19,300 SAR+18%
Financial Services Sales Agent14,300 SAR-13%
Fixed Assets Administrator13,200 SAR-20%
Forensic Accountant12,600 SAR-23%
Fraud Detection Supervisor15,200 SAR-7%
Fraud Prevention Manager23,100 SAR+41%
Fund Accountant11,700 SAR-29%
Grants Coordinator10,300 SAR-37%
Internal Auditor16,400 SAR-0%
Internal Control Adviser17,100 SAR+4%
Internal Control Officer14,300 SAR-13%
Inventory Accountant24,000 SAR+46%
Investment Analyst20,300 SAR+24%
Investment Fund Manager20,500 SAR+25%
Investment Underwriter9,130 SAR-44%
Investor15,100 SAR-8%
Investor Relations Manager19,900 SAR+21%
KYC Team Leader18,100 SAR+10%
Management Economist17,700 SAR+8%
Paymaster11,600 SAR-29%
Payroll Clerk9,690 SAR-41%
Payroll Manager16,300 SAR-1%
Pensions Administrator12,300 SAR-25%
Pricing Analyst17,800 SAR+8%
Private Equity Analyst17,700 SAR+8%
Proposal Development Coordinator12,100 SAR-26%
Receivables Accountant10,300 SAR-37%
Regulatory Accountant12,700 SAR-23%
Retirement Plan Analyst16,700 SAR+2%
Revenue Management Specialist13,900 SAR-15%
Revenue Recognition Analyst20,400 SAR+24%
Risk Management Director24,400 SAR+49%
Risk Management Supervisor18,600 SAR+13%
Tax Accountant11,300 SAR-31%
Tax Advisor16,000 SAR-3%
Tax Associate12,000 SAR-27%
Tax Manager22,100 SAR+35%
Teller7,490 SAR-54%
Treasury Accountant12,100 SAR-26%
Treasury Analyst16,800 SAR+2%
Underwriter9,160 SAR-44%
Underwriting Assistant8,310 SAR-49%
Vice President of Finance23,500 SAR+43%

Salary Comparison By City

CityAverage Salary
Abha15,600 SAR
Dammam16,900 SAR
Jeddah17,000 SAR
Khubar16,500 SAR
Mecca17,000 SAR
Medina16,900 SAR
Riyadh17,000 SAR
Tabuk14,800 SAR
Taif16,100 SAR
13284 - 16

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