A person working as an Internal Auditor in United States typically earns around 92,000 USD per year. Salaries range from 46,000 USD (lowest) to 143,000 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 46,000 USD per year (minimum salary) to 143,000 USD per year (maximum salary).
The median salary is 92,000 USD per year, which means that half (50%) of people working as Internal Auditor(s) are earning less than 92,000 USD while the other half are earning more than 92,000 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 62,100 USD while 75% of them are earning more than 62,100 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 55,200 USD per year.
While someone with an experience level between two and five years is expected to earn 73,000 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 97,700 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 117,000 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 126,000 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 135,000 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 73,000 USD per year.
While someone with a Bachelor's Degree gets a salary of 100,000 USD per year, 37% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 129,000 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 39,500 US Dollar(s) to 118,000 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 4% more than their female counterparts on average.
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 2020. 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.
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 6% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||49,300 USD||-46%|
|Account Executive||85,800 USD||-7%|
|Accounting Assistant||52,900 USD||-42%|
|Accounting Associate||49,200 USD||-47%|
|Accounting Clerk||41,000 USD||-55%|
|Accounting Coordinator||59,100 USD||-36%|
|Accounting Manager||141,000 USD||+53%|
|Accounting Supervisor||90,000 USD||-2%|
|Accounting Technician||46,800 USD||-49%|
|Accounts Executive||90,600 USD||-2%|
|Accounts Payable and Receivable Specialist||67,700 USD||-26%|
|Accounts Payable Clerk||50,800 USD||-45%|
|Accounts Payable Manager||139,000 USD||+51%|
|Accounts Receivable Clerk||48,700 USD||-47%|
|Accounts Receivable Manager||131,000 USD||+42%|
|Assistant Accounting Manager||123,000 USD||+34%|
|Assistant Auditor||69,800 USD||-24%|
|Audit Supervisor||129,000 USD||+40%|
|Auditing Clerk||55,400 USD||-40%|
|Auditing Manager||135,000 USD||+47%|
|Billing Coordinator||60,100 USD||-35%|
|Billing Specialist||73,700 USD||-20%|
|Billing Supervisor||108,000 USD||+17%|
|Bookkeeping Specialist||63,800 USD||-31%|
|Budget Analyst||117,000 USD||+27%|
|Budget Manager||144,000 USD||+57%|
|Business Support Analyst||78,800 USD||-14%|
|Capital Markets Associate||107,000 USD||+16%|
|Cash Flow Analyst||98,000 USD||+7%|
|Cash Management Officer||79,100 USD||-14%|
|Cashbook Clerk||45,800 USD||-50%|
|Chartered Accountant||90,400 USD||-2%|
|Collections Clerk||42,500 USD||-54%|
|Collections Specialist||68,500 USD||-26%|
|Corporate Treasurer||128,000 USD||+39%|
|Cost Accountant||69,100 USD||-25%|
|Cost Accounting Manager||137,000 USD||+49%|
|Cost Analyst||113,000 USD||+23%|
|Credit and Collection Manager||139,000 USD||+51%|
|Credit and Collection Staff||50,100 USD||-46%|
|Credit and Loans Officer||47,900 USD||-48%|
|Credit Controller||91,400 USD||-1%|
|Debt Adviser||115,000 USD||+25%|
|Debt Collector||52,100 USD||-43%|
|Debtors Clerk||45,000 USD||-51%|
|Deputy CFO||184,000 USD||+100%|
|Derivative Trader||112,000 USD||+22%|
|Escrow Assistant||62,700 USD||-32%|
|External Auditor||93,600 USD||+2%|
|Finance Associate||59,200 USD||-36%|
|Finance Executive||142,000 USD||+54%|
|Finance Licensing Clerk||47,400 USD||-48%|
|Finance Licensing Manager||129,000 USD||+40%|
|Finance Licensing Specialist||75,300 USD||-18%|
|Finance Officer||64,600 USD||-30%|
|Finance President||194,000 USD||+110%|
|Finance Relationship Manager||157,000 USD||+71%|
|Finance Release Analyst||75,600 USD||-18%|
|Finance Team Leader||148,000 USD||+61%|
|Financial Actuary||104,000 USD||+13%|
|Financial Administrator||113,000 USD||+23%|
|Financial Analyst||126,000 USD||+37%|
|Financial Applications Specialist||85,900 USD||-7%|
|Financial Assistant||56,900 USD||-38%|
|Financial Associate||55,400 USD||-40%|
|Financial Claims Analyst||89,200 USD||-3%|
|Financial Claims Manager||121,000 USD||+32%|
|Financial Commercial Analyst||97,100 USD||+6%|
|Financial Compliance Analyst||114,000 USD||+24%|
|Financial Consultant||94,900 USD||+3%|
|Financial Controller||105,000 USD||+14%|
|Financial Coordinator||64,000 USD||-30%|
|Financial Customer Service Manager||128,000 USD||+39%|
|Financial Dealer and Broker||73,300 USD||-20%|
|Financial Encoder||56,600 USD||-38%|
|Financial Manager||181,000 USD||+97%|
|Financial Operations Manager||177,000 USD||+92%|
|Financial Policy Analyst||102,000 USD||+11%|
|Financial Project Manager||142,000 USD||+54%|
|Financial Quantitative Analyst||122,000 USD||+33%|
|Financial Reporting Consultant||99,100 USD||+8%|
|Financial Reporting Manager||126,000 USD||+37%|
|Financial Services Sales Agent||74,900 USD||-19%|
|Fixed Assets Administrator||72,100 USD||-22%|
|Forensic Accountant||79,100 USD||-14%|
|Fraud Detection Supervisor||80,600 USD||-12%|
|Fraud Prevention Manager||137,000 USD||+49%|
|Fund Accountant||66,300 USD||-28%|
|Grants Coordinator||50,600 USD||-45%|
|Internal Auditor||92,000 USD||+0%|
|Internal Control Adviser||103,000 USD||+12%|
|Internal Control Officer||58,700 USD||-36%|
|Inventory Accountant||70,300 USD||-24%|
|Investment Analyst||131,000 USD||+42%|
|Investment Fund Manager||156,000 USD||+70%|
|Investment Underwriter||55,500 USD||-40%|
|Investor Relations Manager||137,000 USD||+49%|
|KYC Team Leader||134,000 USD||+46%|
|Management Economist||158,000 USD||+72%|
|Payroll Clerk||58,100 USD||-37%|
|Payroll Manager||125,000 USD||+36%|
|Pensions Administrator||72,000 USD||-22%|
|Pricing Analyst||114,000 USD||+24%|
|Private Equity Analyst||126,000 USD||+37%|
|Proposal Development Coordinator||60,500 USD||-34%|
|Receivables Accountant||60,600 USD||-34%|
|Regulatory Accountant||76,200 USD||-17%|
|Retirement Plan Analyst||104,000 USD||+13%|
|Revenue Management Specialist||112,000 USD||+22%|
|Revenue Recognition Analyst||120,000 USD||+30%|
|Risk Management Director||156,000 USD||+70%|
|Risk Management Supervisor||132,000 USD||+43%|
|Tax Accountant||66,800 USD||-27%|
|Tax Advisor||108,000 USD||+17%|
|Tax Associate||56,000 USD||-39%|
|Tax Manager||140,000 USD||+52%|
|Treasury Accountant||70,800 USD||-23%|
|Treasury Analyst||112,000 USD||+22%|
|Underwriting Assistant||46,800 USD||-49%|
|Vice President of Finance||179,000 USD||+95%|
|Iowa City||76,300 USD|
|Kansas City||83,100 USD|
|Las Vegas||87,800 USD|
|Long Beach||83,700 USD|
|Los Angeles||106,000 USD|
|New Orleans||85,100 USD|
|New York||106,000 USD|
|Oklahoma City||87,300 USD|
|San Antonio||104,000 USD|
|San Diego||103,000 USD|
|San Francisco||101,000 USD|
|San Jose||103,000 USD|
|Washington D.C.||95,700 USD|
|District of Columbia||77,600 USD|
|New Hampshire||83,200 USD|
|New Jersey||98,200 USD|
|New Mexico||88,700 USD|
|New York||105,000 USD|
|North Carolina||93,900 USD|
|North Dakota||78,000 USD|
|Rhode Island||86,400 USD|
|South Carolina||89,000 USD|
|South Dakota||80,700 USD|
|West Virginia||85,300 USD|
Where can you get paid more, working for a private company or for the government? Public sector employees in United States earn 5% more than their private sector counterparts on average across all sectors.