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Internal Auditor Average Salary in Czech Republic 2020

How much money does an Internal Auditor make in Czech Republic?


Average Monthly Salary
54,500 CZK
( 655,000 CZK yearly)

LOW
26,700
CZK
AVERAGE
54,500
CZK
HIGH
85,100
CZK

A person working as an Internal Auditor in Czech Republic typically earns around 54,500 CZK per month. Salaries range from 26,700 CZK (lowest) to 85,100 CZK (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 Czech Republic

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

  • Salary Range

    Internal Auditor salaries in Czech Republic range from 26,700 CZK per month (minimum salary) to 85,100 CZK per month (maximum salary).

  • Median Salary

    The median salary is 55,600 CZK per month, which means that half (50%) of people working as Internal Auditor(s) are earning less than 55,600 CZK while the other half are earning more than 55,600 CZK. 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 37,100 CZK while 75% of them are earning more than 37,100 CZK. Also from the diagram, 75% of Internal Auditor(s) are earning less than 71,800 CZK while 25% are earning more than 71,800 CZK.


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 Czech Republic 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 31,700 CZK per month.

While someone with an experience level between two and five years is expected to earn 40,700 CZK 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 56,200 CZK 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 69,600 CZK 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 74,600 CZK 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 79,500 CZK per month, 7% more than people with fifteen to twenty years of experience.


Internal Auditor average salary change by experience in Czech Republic

0 - 2 Years
31,700 CZK
2 - 5 Years+29%
40,700 CZK
5 - 10 Years+38%
56,200 CZK
10 - 15 Years+24%
69,600 CZK
15 - 20 Years+7%
74,600 CZK
20+ Years+7%
79,500 CZK
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 Czech Republic 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 40,700 CZK per month.

While someone with a Bachelor's Degree gets a salary of 54,700 CZK per month, 34% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 83,900 CZK per month, 53% more than someone with a Bachelor's Degree.


Internal Auditor average salary difference by education level in Czech Republic

Certificate or Diploma
40,700 CZK
Bachelor's Degree+34%
54,700 CZK
Master's Degree+53%
83,900 CZK
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 Czech Republic costs anywhere from 305,000 Czech Koruna(s) to 914,000 Czech Koruna(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 Czech Republic 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 Czech Republic earn 6% more than their female counterparts on average.

Male
55,900 CZK
Female-5%
52,900 CZK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Czech Republic for all Careers

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

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

Internal Auditor

Internal Auditor(s) in Czech Republic are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Czech Republic 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.

Czech Republic / 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 Czech Republic is 5%.

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 Czech Republic 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 Czech Republic

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

45% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 55% 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
55%
No Bonus
45%

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 Czech Republic


310 CZK per hour

The average hourly wage (pay per hour) in Czech Republic is 310 CZK. This means that the average Internal Auditor in Czech Republic earns approximately 310 CZK 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 Czech Republic
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The average salary for Internal Auditor is 13% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner30,700 CZK-44%
Account Executive52,300 CZK-4%
Accountant42,900 CZK-21%
Accounting Assistant32,200 CZK-41%
Accounting Associate31,600 CZK-42%
Accounting Clerk25,700 CZK-53%
Accounting Coordinator36,800 CZK-33%
Accounting Manager90,600 CZK+66%
Accounting Supervisor61,200 CZK+12%
Accounting Technician28,900 CZK-47%
Accounts Executive54,900 CZK+1%
Accounts Payable and Receivable Specialist44,900 CZK-18%
Accounts Payable Clerk30,400 CZK-44%
Accounts Payable Manager85,500 CZK+57%
Accounts Receivable Clerk30,800 CZK-44%
Accounts Receivable Manager85,200 CZK+56%
Assistant Accounting Manager82,700 CZK+52%
Assistant Auditor40,400 CZK-26%
Audit Supervisor78,900 CZK+45%
Auditing Clerk34,000 CZK-38%
Auditing Manager92,400 CZK+69%
Billing Coordinator39,100 CZK-28%
Billing Specialist43,200 CZK-21%
Billing Supervisor66,000 CZK+21%
Bookkeeper27,200 CZK-50%
Bookkeeping Specialist39,400 CZK-28%
Budget Analyst75,300 CZK+38%
Budget Manager86,400 CZK+58%
Business Support Analyst45,600 CZK-16%
Capital Markets Associate62,900 CZK+15%
Cash Flow Analyst66,900 CZK+23%
Cash Management Officer46,700 CZK-14%
Cashbook Clerk28,900 CZK-47%
Chartered Accountant55,000 CZK+1%
Collections Clerk25,900 CZK-53%
Collections Specialist43,300 CZK-21%
Corporate Treasurer81,200 CZK+49%
Cost Accountant44,000 CZK-19%
Cost Accounting Manager80,800 CZK+48%
Cost Analyst68,600 CZK+26%
Credit and Collection Manager83,800 CZK+54%
Credit and Collection Staff31,700 CZK-42%
Credit and Loans Officer29,800 CZK-45%
Credit Controller60,900 CZK+12%
Debt Adviser69,600 CZK+28%
Debt Collector35,900 CZK-34%
Debtors Clerk29,600 CZK-46%
Deputy CFO117,000 CZK+110%
Derivative Trader76,300 CZK+40%
Escrow Assistant37,300 CZK-32%
External Auditor59,700 CZK+9%
Finance Associate36,900 CZK-32%
Finance Executive90,500 CZK+66%
Finance Licensing Clerk31,900 CZK-42%
Finance Licensing Manager81,100 CZK+49%
Finance Licensing Specialist44,000 CZK-19%
Finance Officer40,500 CZK-26%
Finance President126,000 CZK+130%
Finance Relationship Manager94,900 CZK+74%
Finance Release Analyst47,400 CZK-13%
Finance Team Leader 92,000 CZK+69%
Financial Actuary64,700 CZK+19%
Financial Administrator70,000 CZK+28%
Financial Analyst75,800 CZK+39%
Financial Applications Specialist51,100 CZK-6%
Financial Assistant34,900 CZK-36%
Financial Associate35,200 CZK-35%
Financial Claims Analyst55,700 CZK+2%
Financial Claims Manager78,000 CZK+43%
Financial Commercial Analyst63,400 CZK+16%
Financial Compliance Analyst69,800 CZK+28%
Financial Consultant57,700 CZK+6%
Financial Controller65,900 CZK+21%
Financial Coordinator37,200 CZK-32%
Financial Customer Service Manager76,500 CZK+40%
Financial Dealer and Broker47,500 CZK-13%
Financial Encoder36,200 CZK-34%
Financial Manager125,000 CZK+130%
Financial Operations Manager111,000 CZK+100%
Financial Policy Analyst68,500 CZK+26%
Financial Project Manager83,800 CZK+54%
Financial Quantitative Analyst71,900 CZK+32%
Financial Reporting Consultant61,000 CZK+12%
Financial Reporting Manager84,500 CZK+55%
Financial Services Sales Agent46,800 CZK-14%
Fixed Assets Administrator45,200 CZK-17%
Forensic Accountant47,900 CZK-12%
Fraud Detection Supervisor54,500 CZK-0%
Fraud Prevention Manager86,600 CZK+59%
Fund Accountant38,800 CZK-29%
Grants Coordinator32,500 CZK-40%
Internal Auditor54,500 CZK-0%
Internal Control Adviser69,600 CZK+28%
Internal Control Officer37,000 CZK-32%
Inventory Accountant44,100 CZK-19%
Investment Analyst81,400 CZK+49%
Investment Fund Manager90,200 CZK+65%
Investment Underwriter36,400 CZK-33%
Investor57,300 CZK+5%
Investor Relations Manager85,500 CZK+57%
KYC Team Leader81,300 CZK+49%
Management Economist99,000 CZK+82%
Paymaster35,400 CZK-35%
Payroll Clerk35,900 CZK-34%
Payroll Manager79,600 CZK+46%
Pensions Administrator45,000 CZK-17%
Pricing Analyst72,200 CZK+32%
Private Equity Analyst71,500 CZK+31%
Proposal Development Coordinator37,800 CZK-31%
Receivables Accountant40,900 CZK-25%
Regulatory Accountant45,900 CZK-16%
Retirement Plan Analyst70,500 CZK+29%
Revenue Management Specialist70,300 CZK+29%
Revenue Recognition Analyst76,800 CZK+41%
Risk Management Director103,000 CZK+89%
Risk Management Supervisor81,300 CZK+49%
Tax Accountant40,800 CZK-25%
Tax Advisor66,000 CZK+21%
Tax Associate35,100 CZK-36%
Tax Manager88,800 CZK+63%
Teller26,300 CZK-52%
Treasury Accountant44,200 CZK-19%
Treasury Analyst72,700 CZK+33%
Underwriter28,500 CZK-48%
Underwriting Assistant28,400 CZK-48%
Vice President of Finance121,000 CZK+120%

Salary Comparison By City

CityAverage Salary
Prague65,200 CZK

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 Czech Republic earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
59,100 CZK
Public Sector+7%
63,300 CZK
Percentage increase and decrease are relative to the previous value

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