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Internal Auditor Average Salary in United States 2020

How much money does an Internal Auditor make in United States?


Average Yearly Salary
91,500 USD
( 7,620 USD monthly)

LOW
45,700
USD
AVERAGE
91,500
USD
HIGH
142,000
USD

A person working as an Internal Auditor in United States typically earns around 91,500 USD per year. Salaries range from 45,700 USD (lowest) to 142,000 USD (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 United States

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

  • Salary Range

    Internal Auditor salaries in United States range from 45,700 USD per year (minimum salary) to 142,000 USD per year (maximum salary).

  • Median Salary

    The median salary is 91,500 USD per year, which means that half (50%) of people working as Internal Auditor(s) are earning less than 91,500 USD while the other half are earning more than 91,500 USD. 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 61,700 USD while 75% of them are earning more than 61,700 USD. Also from the diagram, 75% of Internal Auditor(s) are earning less than 117,000 USD while 25% are earning more than 117,000 USD.


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 United States 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 54,900 USD per year.

While someone with an experience level between two and five years is expected to earn 72,600 USD per year, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 97,100 USD per year, 34% 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 116,000 USD per year, 19% 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 125,000 USD per year, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 134,000 USD per year, 7% more than people with fifteen to twenty years of experience.


Internal Auditor average salary change by experience in United States

0 - 2 Years
54,900 USD
2 - 5 Years+32%
72,600 USD
5 - 10 Years+34%
97,100 USD
10 - 15 Years+19%
116,000 USD
15 - 20 Years+8%
125,000 USD
20+ Years+7%
134,000 USD
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 United States 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 72,600 USD per year.

While someone with a Bachelor's Degree gets a salary of 99,500 USD per year, 37% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 128,000 USD per year, 29% more than someone with a Bachelor's Degree.


Internal Auditor average salary difference by education level in United States

Certificate or Diploma
72,600 USD
Bachelor's Degree+37%
99,500 USD
Master's Degree+29%
128,000 USD
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 United States costs anywhere from 36,500 US Dollar(s) to 109,000 US Dollar(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 United States 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 United States earn 5% more than their female counterparts.

Female
89,300 USD
Male+5%
93,500 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

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

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

Internal Auditor

Internal Auditor(s) in United States are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate United States 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.

United States / All Professions

Annual Salary Increment Rate United States
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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 United States is 6%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

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

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States 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 yearly United States
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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 United States earn 5% more than their private sector counterparts.

Private Sector
85,400 USD
Public Sector+5%
89,700 USD
Percentage increase and decrease are relative to the previous value

Internal Auditor Salary Trend and Forecast in United States

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 yearly United States Internal Auditor
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Average Salary 2016
82,600 USD
Average Salary 2017+4%
85,700 USD
Average Salary 2018+2%
87,800 USD
Average Salary 2019+1%
89,000 USD
Percentage increase and decrease are relative to the previous value

Internal Auditor salaries in United States are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 1% 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 United States


44 USD per hour

The average hourly wage (pay per hour) in United States is 44 USD. This means that the average Internal Auditor in United States earns approximately 44 USD 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 United States
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The average salary for Internal Auditor is 8% 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 Examiner52,700 USD-42%
Account Executive83,000 USD-9%
Accountant58,900 USD-36%
Accounting Assistant58,400 USD-36%
Accounting Associate59,600 USD-35%
Accounting Clerk43,900 USD-52%
Accounting Coordinator47,300 USD-48%
Accounting Manager113,000 USD+24%
Accounting Supervisor79,400 USD-13%
Accounting Technician53,000 USD-42%
Accounts Executive78,500 USD-14%
Accounts Payable and Receivable Specialist67,900 USD-26%
Accounts Payable Clerk45,500 USD-50%
Accounts Payable Manager94,700 USD+4%
Accounts Receivable Clerk46,800 USD-49%
Accounts Receivable Manager96,300 USD+5%
Assistant Accounting Manager72,400 USD-21%
Assistant Auditor67,000 USD-27%
Audit Supervisor120,000 USD+31%
Auditing Clerk60,600 USD-34%
Auditing Manager116,000 USD+27%
Billing Coordinator69,400 USD-24%
Billing Specialist69,800 USD-24%
Billing Supervisor87,200 USD-5%
Bookkeeper44,900 USD-51%
Bookkeeping Specialist60,600 USD-34%
Budget Analyst71,600 USD-22%
Budget Manager108,000 USD+18%
Business Support Analyst81,700 USD-11%
Capital Markets Associate95,700 USD+5%
Cash Flow Analyst84,400 USD-8%
Cash Management Officer83,900 USD-8%
Cashbook Clerk54,700 USD-40%
Chartered Accountant79,400 USD-13%
Collections Clerk45,900 USD-50%
Collections Specialist57,800 USD-37%
Corporate Treasurer153,000 USD+67%
Cost Accountant72,200 USD-21%
Cost Accounting Manager95,400 USD+4%
Cost Analyst92,300 USD+1%
Credit and Collection Manager104,000 USD+14%
Credit and Collection Staff47,800 USD-48%
Credit and Loans Officer48,400 USD-47%
Credit Controller81,700 USD-11%
Debt Adviser110,000 USD+20%
Debt Collector72,300 USD-21%
Debtors Clerk61,300 USD-33%
Deputy CFO150,000 USD+64%
Derivative Trader117,000 USD+28%
Escrow Assistant72,900 USD-20%
External Auditor87,800 USD-4%
Finance Associate67,300 USD-26%
Finance Executive141,000 USD+54%
Finance Licensing Clerk53,200 USD-42%
Finance Licensing Manager87,700 USD-4%
Finance Licensing Specialist71,100 USD-22%
Finance Officer98,700 USD+8%
Finance President170,000 USD+86%
Finance Relationship Manager121,000 USD+32%
Finance Release Analyst79,100 USD-14%
Finance Team Leader 91,400 USD-0%
Financial Actuary87,400 USD-4%
Financial Administrator75,500 USD-17%
Financial Analyst93,800 USD+3%
Financial Applications Specialist60,100 USD-34%
Financial Assistant56,100 USD-39%
Financial Associate65,700 USD-28%
Financial Claims Analyst80,400 USD-12%
Financial Claims Manager93,900 USD+3%
Financial Commercial Analyst75,300 USD-18%
Financial Compliance Analyst92,700 USD+1%
Financial Consultant86,300 USD-6%
Financial Controller79,900 USD-13%
Financial Coordinator77,000 USD-16%
Financial Customer Service Manager108,000 USD+18%
Financial Dealer and Broker77,900 USD-15%
Financial Encoder48,600 USD-47%
Financial Manager168,000 USD+84%
Financial Operations Manager128,000 USD+40%
Financial Policy Analyst84,400 USD-8%
Financial Project Manager85,300 USD-7%
Financial Quantitative Analyst99,700 USD+9%
Financial Reporting Consultant86,800 USD-5%
Financial Reporting Manager103,000 USD+13%
Financial Services Sales Agent79,200 USD-13%
Fixed Assets Administrator71,900 USD-21%
Forensic Accountant68,100 USD-26%
Fraud Detection Supervisor78,600 USD-14%
Fraud Prevention Manager124,000 USD+36%
Fund Accountant65,300 USD-29%
Grants Coordinator56,300 USD-38%
Internal Auditor91,500 USD+0%
Internal Control Adviser88,100 USD-4%
Internal Control Officer76,500 USD-16%
Inventory Accountant137,000 USD+50%
Investment Analyst110,000 USD+20%
Investment Fund Manager122,000 USD+33%
Investment Underwriter50,900 USD-44%
Investor80,100 USD-12%
Investor Relations Manager110,000 USD+20%
KYC Team Leader107,000 USD+17%
Management Economist97,900 USD+7%
Paymaster65,500 USD-28%
Payroll Clerk50,900 USD-44%
Payroll Manager89,100 USD-3%
Pensions Administrator68,200 USD-25%
Pricing Analyst96,900 USD+6%
Private Equity Analyst101,000 USD+10%
Proposal Development Coordinator67,100 USD-27%
Receivables Accountant56,400 USD-38%
Regulatory Accountant70,000 USD-23%
Retirement Plan Analyst86,000 USD-6%
Revenue Management Specialist74,400 USD-19%
Revenue Recognition Analyst107,000 USD+17%
Risk Management Director132,000 USD+44%
Risk Management Supervisor104,000 USD+14%
Tax Accountant65,400 USD-28%
Tax Advisor89,700 USD-2%
Tax Associate65,200 USD-29%
Tax Manager129,000 USD+41%
Teller38,600 USD-58%
Treasury Accountant66,900 USD-27%
Treasury Analyst91,900 USD+0%
Underwriter52,700 USD-42%
Underwriting Assistant49,600 USD-46%
Vice President of Finance121,000 USD+32%

Salary Comparison By City

CityAverage Salary
Atlanta84,800 USD
Austin103,000 USD
Baltimore91,400 USD
Boston96,800 USD
Bristol75,500 USD
Chicago107,000 USD
Cincinnati80,200 USD
Cleveland81,700 USD
Dallas103,000 USD
Denver91,100 USD
Detroit92,200 USD
Honolulu74,500 USD
Houston104,000 USD
Indianapolis93,600 USD
Iowa City75,900 USD
Jacksonville101,000 USD
Kansas City82,600 USD
Kent75,600 USD
Las Vegas87,300 USD
Long Beach83,300 USD
Los Angeles106,000 USD
Memphis95,300 USD
Miami87,700 USD
Minneapolis79,000 USD
New Orleans84,600 USD
New York105,000 USD
Oakland82,800 USD
Oklahoma City86,800 USD
Orlando76,200 USD
Philadelphia102,000 USD
Phoenix104,000 USD
Sacramento84,500 USD
San Antonio103,000 USD
San Diego102,000 USD
San Francisco101,000 USD
San Jose102,000 USD
Seattle92,400 USD
Tampa76,400 USD
Vancouver76,800 USD
Washington D.C.95,100 USD

Salary Comparison By State

StateAverage Salary
Alabama94,900 USD
Alaska84,300 USD
Arizona92,100 USD
Arkansas86,600 USD
California100,000 USD
Colorado92,200 USD
Connecticut90,900 USD
Delaware85,800 USD
District of Columbia77,100 USD
Florida97,600 USD
Georgia97,400 USD
Hawaii84,600 USD
Idaho86,000 USD
Illinois103,000 USD
Indiana100,000 USD
Iowa85,000 USD
Kansas86,400 USD
Kentucky90,600 USD
Louisiana92,000 USD
Maine86,100 USD
Maryland98,700 USD
Massachusetts90,700 USD
Michigan95,800 USD
Minnesota92,000 USD
Mississippi88,000 USD
Missouri95,900 USD
Montana86,100 USD
Nebraska81,700 USD
Nevada84,900 USD
New Hampshire82,700 USD
New Jersey97,600 USD
New Mexico88,100 USD
New York104,000 USD
North Carolina93,400 USD
North Dakota77,500 USD
Ohio97,400 USD
Oklahoma90,000 USD
Oregon91,500 USD
Pennsylvania103,000 USD
Rhode Island85,900 USD
South Carolina88,500 USD
South Dakota80,300 USD
Tennessee95,000 USD
Texas103,000 USD
Utah88,800 USD
Vermont83,600 USD
Virginia93,300 USD
Washington94,000 USD
West Virginia84,800 USD
Wisconsin94,400 USD
Wyoming81,100 USD
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