The salary of an internal auditor can vary depending on a number of factors, including the size and location of the organization they work for, their level of experience and education, and the specific responsibilities of their role.
In general, internal auditors can expect to earn a competitive salary, as the demand for internal audit professionals with strong technical and interpersonal skills continues to grow. According to data from the Bureau of Labor Statistics, the median annual wage for accountants and auditors in the United States was $71,550 as of May 2020.
However, internal auditors working in larger organizations or in higher cost-of-living areas can expect to earn higher salaries, while those in more junior roles or in smaller organizations may earn lower salaries. Additionally, internal auditors with specialized skills, such as proficiency in data analysis tools and techniques, can command higher salaries.
It is important to note that salary is just one aspect of a career as an internal auditor, and many internal auditors value the opportunities for professional growth and the satisfaction of contributing to their organization’s success.