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Internal Auditor Average Salary in Belgium 2020

How much money does an Internal Auditor make in Belgium?


Average Monthly Salary
5,880 EUR
( 70,600 EUR yearly)

LOW
2,880
EUR
AVERAGE
5,880
EUR
HIGH
9,170
EUR

A person working as an Internal Auditor in Belgium typically earns around 5,880 EUR per month. Salaries range from 2,880 EUR (lowest) to 9,170 EUR (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 Belgium

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

  • Salary Range

    Internal Auditor salaries in Belgium range from 2,880 EUR per month (minimum salary) to 9,170 EUR per month (maximum salary).

  • Median Salary

    The median salary is 6,000 EUR per month, which means that half (50%) of people working as Internal Auditor(s) are earning less than 6,000 EUR while the other half are earning more than 6,000 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 4,000 EUR while 75% of them are earning more than 4,000 EUR. Also from the diagram, 75% of Internal Auditor(s) are earning less than 7,740 EUR while 25% are earning more than 7,740 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 monthly Belgium 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 3,420 EUR per month.

While someone with an experience level between two and five years is expected to earn 4,390 EUR per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 6,060 EUR per month, 38% 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 7,510 EUR per month, 24% 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 8,040 EUR per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 8,580 EUR per month, 7% more than people with fifteen to twenty years of experience.


Internal Auditor average salary change by experience in Belgium

0 - 2 Years
3,420 EUR
2 - 5 Years+29%
4,390 EUR
5 - 10 Years+38%
6,060 EUR
10 - 15 Years+24%
7,510 EUR
15 - 20 Years+7%
8,040 EUR
20+ Years+7%
8,580 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 monthly Belgium 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 4,390 EUR per month.

While someone with a Bachelor's Degree gets a salary of 5,900 EUR per month, 34% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 9,050 EUR per month, 53% more than someone with a Bachelor's Degree.


Internal Auditor average salary difference by education level in Belgium

Certificate or Diploma
4,390 EUR
Bachelor's Degree+34%
5,900 EUR
Master's Degree+53%
9,050 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 Belgium costs anywhere from 30,700 Euro(s) to 92,200 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 monthly Belgium 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 Belgium earn 7% more than their female counterparts on average.

Female
5,670 EUR
Male+7%
6,050 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Belgium for all Careers

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

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

Internal Auditor

Internal Auditor(s) in Belgium 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 Belgium 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.

Belgium / 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 Belgium is 6%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Belgium 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 Belgium

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

43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% 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
57%
No Bonus
43%

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 Belgium
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Where can you get paid more, working for a private company or for the government? Public sector employees in Belgium earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
6,000 EUR
Public Sector+5%
6,320 EUR
Percentage increase and decrease are relative to the previous value

Internal Auditor Average Hourly Wage in Belgium


34 EUR per hour

The average hourly wage (pay per hour) in Belgium is 34 EUR. This means that the average Internal Auditor in Belgium earns approximately 34 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 monthly Belgium
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The average salary for Internal Auditor is 6% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 1% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner3,590 EUR-39%
Account Executive5,460 EUR-7%
Accountant4,510 EUR-23%
Accounting Assistant3,710 EUR-37%
Accounting Associate3,420 EUR-42%
Accounting Clerk2,930 EUR-50%
Accounting Coordinator4,220 EUR-28%
Accounting Manager8,930 EUR+52%
Accounting Supervisor6,370 EUR+8%
Accounting Technician3,400 EUR-42%
Accounts Executive5,710 EUR-3%
Accounts Payable and Receivable Specialist4,750 EUR-19%
Accounts Payable Clerk3,490 EUR-41%
Accounts Payable Manager8,700 EUR+48%
Accounts Receivable Clerk3,640 EUR-38%
Accounts Receivable Manager8,070 EUR+37%
Assistant Accounting Manager8,410 EUR+43%
Assistant Auditor4,420 EUR-25%
Audit Supervisor7,650 EUR+30%
Auditing Clerk3,540 EUR-40%
Auditing Manager9,420 EUR+60%
Billing Coordinator4,340 EUR-26%
Billing Specialist4,960 EUR-16%
Billing Supervisor6,800 EUR+16%
Bookkeeper3,260 EUR-45%
Bookkeeping Specialist4,460 EUR-24%
Budget Analyst7,910 EUR+35%
Budget Manager8,670 EUR+47%
Business Support Analyst4,930 EUR-16%
Capital Markets Associate6,340 EUR+8%
Cash Flow Analyst6,600 EUR+12%
Cash Management Officer5,350 EUR-9%
Cashbook Clerk3,270 EUR-44%
Chartered Accountant5,440 EUR-7%
Collections Clerk2,940 EUR-50%
Collections Specialist4,460 EUR-24%
Corporate Treasurer7,980 EUR+36%
Cost Accountant4,560 EUR-22%
Cost Accounting Manager8,460 EUR+44%
Cost Analyst7,020 EUR+19%
Credit and Collection Manager8,410 EUR+43%
Credit and Collection Staff3,730 EUR-37%
Credit and Loans Officer3,510 EUR-40%
Credit Controller5,970 EUR+2%
Debt Adviser7,100 EUR+21%
Debt Collector3,770 EUR-36%
Debtors Clerk3,260 EUR-45%
Deputy CFO11,900 EUR+100%
Derivative Trader7,820 EUR+33%
Escrow Assistant3,980 EUR-32%
External Auditor6,010 EUR+2%
Finance Associate4,230 EUR-28%
Finance Executive8,870 EUR+51%
Finance Licensing Clerk3,540 EUR-40%
Finance Licensing Manager7,930 EUR+35%
Finance Licensing Specialist4,790 EUR-19%
Finance Officer4,180 EUR-29%
Finance President12,400 EUR+110%
Finance Relationship Manager9,490 EUR+61%
Finance Release Analyst5,320 EUR-10%
Finance Team Leader 9,840 EUR+67%
Financial Actuary6,710 EUR+14%
Financial Administrator7,570 EUR+29%
Financial Analyst8,070 EUR+37%
Financial Applications Specialist5,830 EUR-1%
Financial Assistant3,630 EUR-38%
Financial Associate3,920 EUR-33%
Financial Claims Analyst5,860 EUR-0%
Financial Claims Manager7,770 EUR+32%
Financial Commercial Analyst6,450 EUR+10%
Financial Compliance Analyst6,820 EUR+16%
Financial Consultant5,690 EUR-3%
Financial Controller6,880 EUR+17%
Financial Coordinator4,320 EUR-27%
Financial Customer Service Manager7,690 EUR+31%
Financial Dealer and Broker4,930 EUR-16%
Financial Encoder4,030 EUR-31%
Financial Manager12,000 EUR+100%
Financial Operations Manager10,700 EUR+82%
Financial Policy Analyst6,690 EUR+14%
Financial Project Manager8,760 EUR+49%
Financial Quantitative Analyst7,220 EUR+23%
Financial Reporting Consultant6,320 EUR+7%
Financial Reporting Manager8,150 EUR+39%
Financial Services Sales Agent5,000 EUR-15%
Fixed Assets Administrator4,640 EUR-21%
Forensic Accountant5,010 EUR-15%
Fraud Detection Supervisor5,440 EUR-7%
Fraud Prevention Manager8,900 EUR+51%
Fund Accountant4,510 EUR-23%
Grants Coordinator3,500 EUR-40%
Internal Auditor5,880 EUR=
Internal Control Adviser6,820 EUR+16%
Internal Control Officer4,070 EUR-31%
Inventory Accountant4,520 EUR-23%
Investment Analyst8,320 EUR+41%
Investment Fund Manager9,780 EUR+66%
Investment Underwriter4,100 EUR-30%
Investor5,670 EUR-4%
Investor Relations Manager8,760 EUR+49%
KYC Team Leader8,650 EUR+47%
Management Economist10,100 EUR+72%
Paymaster3,810 EUR-35%
Payroll Clerk4,110 EUR-30%
Payroll Manager8,270 EUR+41%
Pensions Administrator4,830 EUR-18%
Pricing Analyst7,540 EUR+28%
Private Equity Analyst7,780 EUR+32%
Proposal Development Coordinator4,130 EUR-30%
Receivables Accountant4,400 EUR-25%
Regulatory Accountant5,070 EUR-14%
Retirement Plan Analyst6,910 EUR+18%
Revenue Management Specialist7,320 EUR+24%
Revenue Recognition Analyst8,000 EUR+36%
Risk Management Director10,800 EUR+84%
Risk Management Supervisor8,270 EUR+41%
Tax Accountant4,380 EUR-26%
Tax Advisor6,440 EUR+10%
Tax Associate4,070 EUR-31%
Tax Manager8,710 EUR+48%
Teller2,980 EUR-49%
Treasury Accountant4,730 EUR-20%
Treasury Analyst6,950 EUR+18%
Underwriter3,280 EUR-44%
Underwriting Assistant3,170 EUR-46%
Vice President of Finance11,600 EUR+97%

Salary Comparison By City

CityAverage Salary
Antwerp6,570 EUR
Brugge (Bruges)5,860 EUR
Brussel5,550 EUR
Charleroi5,990 EUR
Gent (Ghent)6,670 EUR
Leuven5,450 EUR
Liege6,280 EUR
Namur5,700 EUR
4378 - 3

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