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 salaries in United States range from 45,700 USD per year (minimum salary) to 142,000 USD per year (maximum 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.
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.
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 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.
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.
|0 - 2 Years|
|2 - 5 Years||+32%|
|5 - 10 Years||+34%|
|10 - 15 Years||+19%|
|15 - 20 Years||+8%|
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.
|Certificate or Diploma|
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.
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.
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.
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 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.
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 United States earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+1%|
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.
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 8% 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||52,700 USD||-42%|
|Account Executive||83,000 USD||-9%|
|Accounting Assistant||58,400 USD||-36%|
|Accounting Associate||59,600 USD||-35%|
|Accounting Clerk||43,900 USD||-52%|
|Accounting Coordinator||47,300 USD||-48%|
|Accounting Manager||113,000 USD||+24%|
|Accounting Supervisor||79,400 USD||-13%|
|Accounting Technician||53,000 USD||-42%|
|Accounts Executive||78,500 USD||-14%|
|Accounts Payable and Receivable Specialist||67,900 USD||-26%|
|Accounts Payable Clerk||45,500 USD||-50%|
|Accounts Payable Manager||94,700 USD||+4%|
|Accounts Receivable Clerk||46,800 USD||-49%|
|Accounts Receivable Manager||96,300 USD||+5%|
|Assistant Accounting Manager||72,400 USD||-21%|
|Assistant Auditor||67,000 USD||-27%|
|Audit Supervisor||120,000 USD||+31%|
|Auditing Clerk||60,600 USD||-34%|
|Auditing Manager||116,000 USD||+27%|
|Billing Coordinator||69,400 USD||-24%|
|Billing Specialist||69,800 USD||-24%|
|Billing Supervisor||87,200 USD||-5%|
|Bookkeeping Specialist||60,600 USD||-34%|
|Budget Analyst||71,600 USD||-22%|
|Budget Manager||108,000 USD||+18%|
|Business Support Analyst||81,700 USD||-11%|
|Capital Markets Associate||95,700 USD||+5%|
|Cash Flow Analyst||84,400 USD||-8%|
|Cash Management Officer||83,900 USD||-8%|
|Cashbook Clerk||54,700 USD||-40%|
|Chartered Accountant||79,400 USD||-13%|
|Collections Clerk||45,900 USD||-50%|
|Collections Specialist||57,800 USD||-37%|
|Corporate Treasurer||153,000 USD||+67%|
|Cost Accountant||72,200 USD||-21%|
|Cost Accounting Manager||95,400 USD||+4%|
|Cost Analyst||92,300 USD||+1%|
|Credit and Collection Manager||104,000 USD||+14%|
|Credit and Collection Staff||47,800 USD||-48%|
|Credit and Loans Officer||48,400 USD||-47%|
|Credit Controller||81,700 USD||-11%|
|Debt Adviser||110,000 USD||+20%|
|Debt Collector||72,300 USD||-21%|
|Debtors Clerk||61,300 USD||-33%|
|Deputy CFO||150,000 USD||+64%|
|Derivative Trader||117,000 USD||+28%|
|Escrow Assistant||72,900 USD||-20%|
|External Auditor||87,800 USD||-4%|
|Finance Associate||67,300 USD||-26%|
|Finance Executive||141,000 USD||+54%|
|Finance Licensing Clerk||53,200 USD||-42%|
|Finance Licensing Manager||87,700 USD||-4%|
|Finance Licensing Specialist||71,100 USD||-22%|
|Finance Officer||98,700 USD||+8%|
|Finance President||170,000 USD||+86%|
|Finance Relationship Manager||121,000 USD||+32%|
|Finance Release Analyst||79,100 USD||-14%|
|Finance Team Leader||91,400 USD||-0%|
|Financial Actuary||87,400 USD||-4%|
|Financial Administrator||75,500 USD||-17%|
|Financial Analyst||93,800 USD||+3%|
|Financial Applications Specialist||60,100 USD||-34%|
|Financial Assistant||56,100 USD||-39%|
|Financial Associate||65,700 USD||-28%|
|Financial Claims Analyst||80,400 USD||-12%|
|Financial Claims Manager||93,900 USD||+3%|
|Financial Commercial Analyst||75,300 USD||-18%|
|Financial Compliance Analyst||92,700 USD||+1%|
|Financial Consultant||86,300 USD||-6%|
|Financial Controller||79,900 USD||-13%|
|Financial Coordinator||77,000 USD||-16%|
|Financial Customer Service Manager||108,000 USD||+18%|
|Financial Dealer and Broker||77,900 USD||-15%|
|Financial Encoder||48,600 USD||-47%|
|Financial Manager||168,000 USD||+84%|
|Financial Operations Manager||128,000 USD||+40%|
|Financial Policy Analyst||84,400 USD||-8%|
|Financial Project Manager||85,300 USD||-7%|
|Financial Quantitative Analyst||99,700 USD||+9%|
|Financial Reporting Consultant||86,800 USD||-5%|
|Financial Reporting Manager||103,000 USD||+13%|
|Financial Services Sales Agent||79,200 USD||-13%|
|Fixed Assets Administrator||71,900 USD||-21%|
|Forensic Accountant||68,100 USD||-26%|
|Fraud Detection Supervisor||78,600 USD||-14%|
|Fraud Prevention Manager||124,000 USD||+36%|
|Fund Accountant||65,300 USD||-29%|
|Grants Coordinator||56,300 USD||-38%|
|Internal Auditor||91,500 USD||+0%|
|Internal Control Adviser||88,100 USD||-4%|
|Internal Control Officer||76,500 USD||-16%|
|Inventory Accountant||137,000 USD||+50%|
|Investment Analyst||110,000 USD||+20%|
|Investment Fund Manager||122,000 USD||+33%|
|Investment Underwriter||50,900 USD||-44%|
|Investor Relations Manager||110,000 USD||+20%|
|KYC Team Leader||107,000 USD||+17%|
|Management Economist||97,900 USD||+7%|
|Payroll Clerk||50,900 USD||-44%|
|Payroll Manager||89,100 USD||-3%|
|Pensions Administrator||68,200 USD||-25%|
|Pricing Analyst||96,900 USD||+6%|
|Private Equity Analyst||101,000 USD||+10%|
|Proposal Development Coordinator||67,100 USD||-27%|
|Receivables Accountant||56,400 USD||-38%|
|Regulatory Accountant||70,000 USD||-23%|
|Retirement Plan Analyst||86,000 USD||-6%|
|Revenue Management Specialist||74,400 USD||-19%|
|Revenue Recognition Analyst||107,000 USD||+17%|
|Risk Management Director||132,000 USD||+44%|
|Risk Management Supervisor||104,000 USD||+14%|
|Tax Accountant||65,400 USD||-28%|
|Tax Advisor||89,700 USD||-2%|
|Tax Associate||65,200 USD||-29%|
|Tax Manager||129,000 USD||+41%|
|Treasury Accountant||66,900 USD||-27%|
|Treasury Analyst||91,900 USD||+0%|
|Underwriting Assistant||49,600 USD||-46%|
|Vice President of Finance||121,000 USD||+32%|
|Iowa City||75,900 USD|
|Kansas City||82,600 USD|
|Las Vegas||87,300 USD|
|Long Beach||83,300 USD|
|Los Angeles||106,000 USD|
|New Orleans||84,600 USD|
|New York||105,000 USD|
|Oklahoma City||86,800 USD|
|San Antonio||103,000 USD|
|San Diego||102,000 USD|
|San Francisco||101,000 USD|
|San Jose||102,000 USD|
|Washington D.C.||95,100 USD|
|District of Columbia||77,100 USD|
|New Hampshire||82,700 USD|
|New Jersey||97,600 USD|
|New Mexico||88,100 USD|
|New York||104,000 USD|
|North Carolina||93,400 USD|
|North Dakota||77,500 USD|
|Rhode Island||85,900 USD|
|South Carolina||88,500 USD|
|South Dakota||80,300 USD|
|West Virginia||84,800 USD|