HOME COMPARE YOUR SALARY BROWSE SALARIES
Home
Browse Salaries
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles

Internal Auditor Average Salary in United States 2020

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


Average Yearly Salary
92,000 USD
( 7,670 USD monthly)

LOW
46,000
USD
AVERAGE
92,000
USD
HIGH
143,000
USD

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 Salary Distribution in United States

Median and salary distribution yearly United States Internal Auditor
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/accounting-and-finance/internal-auditor/median-and-salary-distribution-yearly-united-states-internal-auditor.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Internal Auditor salaries in United States range from 46,000 USD per year (minimum salary) to 143,000 USD per year (maximum salary).

  • Median 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.

  • 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 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.


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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/accounting-and-finance/internal-auditor/salary-comparison-by-years-of-experience-yearly-united-states-internal-auditor.jpg

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.

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 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.


Internal Auditor average salary change by experience in United States

0 - 2 Years
55,200 USD
2 - 5 Years+32%
73,000 USD
5 - 10 Years+34%
97,700 USD
10 - 15 Years+19%
117,000 USD
15 - 20 Years+8%
126,000 USD
20+ Years+7%
135,000 USD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/accounting-and-finance/internal-auditor/salary-comparison-by-education-level-yearly-united-states-internal-auditor.jpg

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.


Internal Auditor average salary difference by education level in United States

Certificate or Diploma
73,000 USD
Bachelor's Degree+37%
100,000 USD
Master's Degree+29%
129,000 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 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Internal Auditor Salary Comparison By Gender

Salary comparison by gender yearly United States Internal Auditor
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/accounting-and-finance/internal-auditor/salary-comparison-by-gender-yearly-united-states-internal-auditor.jpg

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.

Male
93,900 USD
Female-4%
89,900 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/salary-comparison-by-gender-yearly-united-states.jpg

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/accounting-and-finance/internal-auditor/annual-salary-increment-rate-united-states-internal-auditor.jpg


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

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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/accounting-and-finance/internal-auditor/annual-salary-bonus-rate-united-states-internal-auditor.jpg

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.

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/accounting-and-finance/internal-auditor/salary-comparison-between-internal-auditor-and-accounting-and-finance-yearly-united-states.jpg

The average salary for Internal Auditor is 4% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner49,300 USD-46%
Account Executive85,800 USD-7%
Accountant65,700 USD-29%
Accounting Assistant52,900 USD-42%
Accounting Associate49,200 USD-47%
Accounting Clerk41,000 USD-55%
Accounting Coordinator59,100 USD-36%
Accounting Manager141,000 USD+53%
Accounting Supervisor90,000 USD-2%
Accounting Technician46,800 USD-49%
Accounts Executive90,600 USD-2%
Accounts Payable and Receivable Specialist67,700 USD-26%
Accounts Payable Clerk50,800 USD-45%
Accounts Payable Manager139,000 USD+51%
Accounts Receivable Clerk48,700 USD-47%
Accounts Receivable Manager131,000 USD+42%
Assistant Accounting Manager123,000 USD+34%
Assistant Auditor69,800 USD-24%
Audit Supervisor129,000 USD+40%
Auditing Clerk55,400 USD-40%
Auditing Manager135,000 USD+47%
Billing Coordinator60,100 USD-35%
Billing Specialist73,700 USD-20%
Billing Supervisor108,000 USD+17%
Bookkeeper43,400 USD-53%
Bookkeeping Specialist63,800 USD-31%
Budget Analyst117,000 USD+27%
Budget Manager144,000 USD+57%
Business Support Analyst78,800 USD-14%
Capital Markets Associate107,000 USD+16%
Cash Flow Analyst98,000 USD+7%
Cash Management Officer79,100 USD-14%
Cashbook Clerk45,800 USD-50%
Chartered Accountant90,400 USD-2%
Collections Clerk42,500 USD-54%
Collections Specialist68,500 USD-26%
Corporate Treasurer128,000 USD+39%
Cost Accountant69,100 USD-25%
Cost Accounting Manager137,000 USD+49%
Cost Analyst113,000 USD+23%
Credit and Collection Manager139,000 USD+51%
Credit and Collection Staff50,100 USD-46%
Credit and Loans Officer47,900 USD-48%
Credit Controller91,400 USD-1%
Debt Adviser115,000 USD+25%
Debt Collector52,100 USD-43%
Debtors Clerk45,000 USD-51%
Deputy CFO184,000 USD+100%
Derivative Trader112,000 USD+22%
Escrow Assistant62,700 USD-32%
External Auditor93,600 USD+2%
Finance Associate59,200 USD-36%
Finance Executive142,000 USD+54%
Finance Licensing Clerk47,400 USD-48%
Finance Licensing Manager129,000 USD+40%
Finance Licensing Specialist75,300 USD-18%
Finance Officer64,600 USD-30%
Finance President194,000 USD+110%
Finance Relationship Manager157,000 USD+71%
Finance Release Analyst75,600 USD-18%
Finance Team Leader 148,000 USD+61%
Financial Actuary104,000 USD+13%
Financial Administrator113,000 USD+23%
Financial Analyst126,000 USD+37%
Financial Applications Specialist85,900 USD-7%
Financial Assistant56,900 USD-38%
Financial Associate55,400 USD-40%
Financial Claims Analyst89,200 USD-3%
Financial Claims Manager121,000 USD+32%
Financial Commercial Analyst97,100 USD+6%
Financial Compliance Analyst114,000 USD+24%
Financial Consultant94,900 USD+3%
Financial Controller105,000 USD+14%
Financial Coordinator64,000 USD-30%
Financial Customer Service Manager128,000 USD+39%
Financial Dealer and Broker73,300 USD-20%
Financial Encoder56,600 USD-38%
Financial Manager181,000 USD+97%
Financial Operations Manager177,000 USD+92%
Financial Policy Analyst102,000 USD+11%
Financial Project Manager142,000 USD+54%
Financial Quantitative Analyst122,000 USD+33%
Financial Reporting Consultant99,100 USD+8%
Financial Reporting Manager126,000 USD+37%
Financial Services Sales Agent74,900 USD-19%
Fixed Assets Administrator72,100 USD-22%
Forensic Accountant79,100 USD-14%
Fraud Detection Supervisor80,600 USD-12%
Fraud Prevention Manager137,000 USD+49%
Fund Accountant66,300 USD-28%
Grants Coordinator50,600 USD-45%
Internal Auditor92,000 USD+0%
Internal Control Adviser103,000 USD+12%
Internal Control Officer58,700 USD-36%
Inventory Accountant70,300 USD-24%
Investment Analyst131,000 USD+42%
Investment Fund Manager156,000 USD+70%
Investment Underwriter55,500 USD-40%
Investor85,300 USD-7%
Investor Relations Manager137,000 USD+49%
KYC Team Leader134,000 USD+46%
Management Economist158,000 USD+72%
Paymaster54,300 USD-41%
Payroll Clerk58,100 USD-37%
Payroll Manager125,000 USD+36%
Pensions Administrator72,000 USD-22%
Pricing Analyst114,000 USD+24%
Private Equity Analyst126,000 USD+37%
Proposal Development Coordinator60,500 USD-34%
Receivables Accountant60,600 USD-34%
Regulatory Accountant76,200 USD-17%
Retirement Plan Analyst104,000 USD+13%
Revenue Management Specialist112,000 USD+22%
Revenue Recognition Analyst120,000 USD+30%
Risk Management Director156,000 USD+70%
Risk Management Supervisor132,000 USD+43%
Tax Accountant66,800 USD-27%
Tax Advisor108,000 USD+17%
Tax Associate56,000 USD-39%
Tax Manager140,000 USD+52%
Teller39,300 USD-57%
Treasury Accountant70,800 USD-23%
Treasury Analyst112,000 USD+22%
Underwriter48,500 USD-47%
Underwriting Assistant46,800 USD-49%
Vice President of Finance179,000 USD+95%

Salary Comparison By City

CityAverage Salary
Atlanta85,300 USD
Austin104,000 USD
Baltimore91,900 USD
Boston97,400 USD
Bristol76,000 USD
Chicago108,000 USD
Cincinnati80,700 USD
Cleveland82,200 USD
Dallas104,000 USD
Denver91,600 USD
Detroit92,700 USD
Honolulu75,000 USD
Houston105,000 USD
Indianapolis94,200 USD
Iowa City76,300 USD
Jacksonville102,000 USD
Kansas City83,100 USD
Kent76,100 USD
Las Vegas87,800 USD
Long Beach83,700 USD
Los Angeles106,000 USD
Memphis95,800 USD
Miami88,300 USD
Minneapolis79,400 USD
New Orleans85,100 USD
New York106,000 USD
Oakland83,300 USD
Oklahoma City87,300 USD
Orlando76,600 USD
Philadelphia102,000 USD
Phoenix105,000 USD
Sacramento85,000 USD
San Antonio104,000 USD
San Diego103,000 USD
San Francisco101,000 USD
San Jose103,000 USD
Seattle92,900 USD
Tampa76,800 USD
Vancouver77,300 USD
Washington D.C.95,700 USD

Salary Comparison By State

StateAverage Salary
Alabama95,500 USD
Alaska84,800 USD
Arizona92,600 USD
Arkansas87,100 USD
California101,000 USD
Colorado92,700 USD
Connecticut91,400 USD
Delaware86,300 USD
District of Columbia77,600 USD
Florida98,200 USD
Georgia98,000 USD
Hawaii85,100 USD
Idaho86,500 USD
Illinois104,000 USD
Indiana101,000 USD
Iowa85,500 USD
Kansas86,900 USD
Kentucky91,100 USD
Louisiana92,500 USD
Maine86,600 USD
Maryland99,300 USD
Massachusetts91,300 USD
Michigan96,300 USD
Minnesota92,500 USD
Mississippi88,500 USD
Missouri96,400 USD
Montana86,600 USD
Nebraska82,200 USD
Nevada85,400 USD
New Hampshire83,200 USD
New Jersey98,200 USD
New Mexico88,700 USD
New York105,000 USD
North Carolina93,900 USD
North Dakota78,000 USD
Ohio98,000 USD
Oklahoma90,500 USD
Oregon92,000 USD
Pennsylvania104,000 USD
Rhode Island86,400 USD
South Carolina89,000 USD
South Dakota80,700 USD
Tennessee95,600 USD
Texas104,000 USD
Utah89,400 USD
Vermont84,100 USD
Virginia93,900 USD
Washington94,500 USD
West Virginia85,300 USD
Wisconsin94,900 USD
Wyoming81,600 USD

Government vs Private Sector Salary Comparison

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.

Private Sector
92,400 USD
Public Sector+5%
97,100 USD
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020