HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Internal Auditor Average Salary in Norway 2024

How much money does a person working as Internal Auditor make in Norway?


Average Yearly Salary
591,000 NOK
( 49,200 NOK monthly)

LOW
272,000
NOK
AVERAGE
591,000
NOK
HIGH
939,000
NOK
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Internal Auditor in Norway typically earns around 591,000 NOK. Salaries range from 272,000 NOK (lowest) to 939,000 NOK (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Internal Auditor salaries in Norway vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Internal Auditor Pay Scale and Salaries in Norway

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

Salary Structure and Pay Scale Comparison

5% of people earn
560,000 NOK or more
10% of people earn
491,000 to 560,000 NOK
20% of people earn
338,000 NOK or less
65% of people earn
338,000 to 491,000 NOK
Minimum Salary
272,000 NOK
Median
565,000 NOK
Maximum
939,000 NOK




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Internal Auditor in Norway range from 272,000 NOK (starting salary) to 939,000 NOK (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 565,000 NOK, half of the professionals who work as Internal Auditor in Norway earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Internal Auditor in Norway earn less than 455,000 NOK, while 75% earn more. Similarly, the chart shows that 75% earn less than 651,000 NOK while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Internal Auditor in Norway compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 338,000 NOK to 491,000 NOK. About 20% of salaries are below the 338,000 NOK mark, while 10% fall within the range of 491,000 NOK to 560,000 NOK. Only 5% of individuals have salaries exceeding 560,000 NOK.

Salary Comparison by Years of Experience / Internal Auditor / Norway

How do experience and age affect pay?

0 - 2 Years
308,000 NOK
2 - 5 Years+34%
412,000 NOK
5 - 10 Years+48%
609,000 NOK
10 - 15 Years+22%
742,000 NOK
15 - 20 Years+9%
809,000 NOK
20+ Years+8%
876,000 NOK
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Norway Internal Auditor
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/norway/accounting-and-finance/internal-auditor/salary-comparison-by-years-of-experience-yearly-norway-internal-auditor.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Internal Auditor and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 308,000 NOK.

While someone with an experience level between two and five years is expected to earn 412,000 NOK, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 609,000 NOK, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 742,000 NOK, 22% 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 809,000 NOK, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 876,000 NOK, 8% more than people with fifteen to twenty 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.

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

Salary Comparison By Education / Internal Auditor / Norway

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Internal Auditor.

Certificate or Diploma
352,000 NOK
Bachelor's Degree+57%
552,000 NOK
Master's Degree+68%
926,000 NOK
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Norway Internal Auditor
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/norway/accounting-and-finance/internal-auditor/salary-comparison-by-education-level-yearly-norway-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 salaries by education level for the position Internal Auditor in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 352,000 NOK.


Level 2: Bachelor's Degree

At this level, the average salary becomes 552,000 NOK, 57% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 926,000 NOK, 68% more than the previous level.



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 Norway costs anywhere from 256,000 NOK to 768,000 NOK 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 to a higher-paying job. The numbers seem to support the theory. 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


Salary and Compensation Comparison By Gender / Internal Auditor / Norway

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

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Internal Auditor in Norway, the average difference between the salary of male and female employees is 4%.

Male
603,000 NOK
Female-4%
579,000 NOK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Norway for all Careers

Salary comparison by gender yearly Norway
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/norway/salary-comparison-by-gender-yearly-norway.jpg


Average Annual Salary Increment Percentage / Internal Auditor / Norway

How much are annual salary increments in Norway for individuals working as Internal Auditor? How often do employees get salary raises?

Individuals working as Internal Auditor in Norway are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Norway Internal Auditor
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/norway/accounting-and-finance/internal-auditor/annual-salary-increment-rate-norway-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.

Norway / All Professions

Annual Salary Increment Rate Norway
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/norway/annual-salary-increment-rate-norway.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Norway is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Internal Auditor / Norway

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Norway Internal Auditor
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/norway/accounting-and-finance/internal-auditor/annual-salary-bonus-rate-norway-internal-auditor.jpg

40% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 60% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
60%
No Bonus
40%

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.

Average Hourly Wage / Internal Auditor / Norway


280 NOK per hour

The average hourly wage (pay per hour) for individuals working as Internal Auditor in Norway is 280 NOK.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Internal Auditor in Norway is 130 NOK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner326,000 NOK-45%
Account Executive542,000 NOK-8%
Accountant425,000 NOK-28%
Accounting Analyst514,000 NOK-13%
Accounting Assistant320,000 NOK-46%
Accounting Associate294,000 NOK-50%
Accounting Clerk257,000 NOK-57%
Accounting Coordinator391,000 NOK-34%
Accounting Head858,000 NOK+45%
Accounting Manager911,000 NOK+54%
Accounting Officer329,000 NOK-44%
Accounting Specialist581,000 NOK-2%
Accounting Supervisor577,000 NOK-2%
Accounting Technician298,000 NOK-50%
Accounting Unit Controller744,000 NOK+26%
Accounts Executive525,000 NOK-11%
Accounts Officer323,000 NOK-45%
Accounts Payable and Receivable Specialist428,000 NOK-28%
Accounts Payable Assistant352,000 NOK-40%
Accounts Payable Associate396,000 NOK-33%
Accounts Payable Clerk307,000 NOK-48%
Accounts Payable Manager867,000 NOK+47%
Accounts Receivable Administrator651,000 NOK+10%
Accounts Receivable Clerk314,000 NOK-47%
Accounts Receivable Financial Analyst615,000 NOK+4%
Accounts Receivable Manager791,000 NOK+34%
Accounts Receivable Team Leader620,000 NOK+5%
Algorithmic Trading Specialist740,000 NOK+25%
Assistant Accountant336,000 NOK-43%
Assistant Accounting Manager756,000 NOK+28%
Assistant Auditor442,000 NOK-25%
Assistant Corporate Controller592,000 NOK+0%
Assistant Finance Manager861,000 NOK+46%
Assistant Financial Controller556,000 NOK-6%
Audit Director980,000 NOK+66%
Audit Supervisor751,000 NOK+27%
Auditing Clerk323,000 NOK-45%
Auditing Manager898,000 NOK+52%
Billing Clerk340,000 NOK-42%
Billing Coordinator391,000 NOK-34%
Billing Specialist470,000 NOK-20%
Billing Supervisor651,000 NOK+10%
Bookkeeper270,000 NOK-54%
Bookkeeping Specialist406,000 NOK-31%
Budget Analyst749,000 NOK+27%
Budget Manager864,000 NOK+46%
Business Support Analyst499,000 NOK-16%
Capital Markets Associate635,000 NOK+7%
Cash Flow Analyst608,000 NOK+3%
Cash Management Manager849,000 NOK+44%
Cash Management Officer474,000 NOK-20%
Cashbook Clerk283,000 NOK-52%
Chartered Accountant561,000 NOK-5%
Chief Accountant641,000 NOK+8%
Chief Financial Technology Officer908,000 NOK+54%
Collections Clerk249,000 NOK-58%
Collections Representative370,000 NOK-37%
Collections Specialist453,000 NOK-23%
Corporate Controller689,000 NOK+17%
Corporate Treasurer849,000 NOK+44%
Cost Accountant440,000 NOK-26%
Cost Accounting Manager850,000 NOK+44%
Cost Accounting Supervisor657,000 NOK+11%
Cost Analyst656,000 NOK+11%
Credit and Collection Manager838,000 NOK+42%
Credit and Collection Staff323,000 NOK-45%
Credit and Loans Officer316,000 NOK-47%
Credit Controller559,000 NOK-5%
Credit Manager878,000 NOK+49%
Debt Adviser717,000 NOK+21%
Debt Collector337,000 NOK-43%
Debtors Clerk295,000 NOK-50%
Debtors Controller329,000 NOK-44%
Deputy CFO1,180,000 NOK+100%
Deputy Head of Finance1,210,000 NOK+100%
Derivative Trader719,000 NOK+22%
Director of Finance1,300,000 NOK+120%
E-commerce Accountant458,000 NOK-22%
Economist1,020,000 NOK+73%
Equity Analyst783,000 NOK+33%
Escrow Assistant362,000 NOK-39%
Executive Accountant465,000 NOK-21%
External Auditor582,000 NOK-1%
Finance Administrator506,000 NOK-14%
Finance Analyst750,000 NOK+27%
Finance Associate363,000 NOK-39%
Finance Data Analyst683,000 NOK+16%
Finance Director1,310,000 NOK+120%
Finance Executive882,000 NOK+49%
Finance Licensing Clerk292,000 NOK-51%
Finance Licensing Manager823,000 NOK+39%
Finance Licensing Specialist449,000 NOK-24%
Finance Manager1,200,000 NOK+100%
Finance Officer411,000 NOK-30%
Finance President1,220,000 NOK+110%
Finance Relationship Manager954,000 NOK+61%
Finance Release Analyst469,000 NOK-21%
Finance Specialist681,000 NOK+15%
Finance Team Leader 977,000 NOK+65%
Financial Accountant442,000 NOK-25%
Financial Actuary660,000 NOK+12%
Financial Administrator668,000 NOK+13%
Financial Advisor794,000 NOK+34%
Financial Analyst731,000 NOK+24%
Financial Applications Specialist535,000 NOK-9%
Financial Assistant332,000 NOK-44%
Financial Associate330,000 NOK-44%
Financial Claims Analyst572,000 NOK-3%
Financial Claims Manager727,000 NOK+23%
Financial Claims Supervisor719,000 NOK+22%
Financial Clerk312,000 NOK-47%
Financial Commercial Analyst628,000 NOK+6%
Financial Compliance Analyst663,000 NOK+12%
Financial Compliance Officer644,000 NOK+9%
Financial Consultant589,000 NOK-0%
Financial Controller667,000 NOK+13%
Financial Coordinator393,000 NOK-33%
Financial Customer Service Manager741,000 NOK+25%
Financial Data Scientist805,000 NOK+36%
Financial Dealer and Broker456,000 NOK-23%
Financial Director1,240,000 NOK+110%
Financial Encoder377,000 NOK-36%
Financial Manager1,130,000 NOK+91%
Financial Modelling Analyst748,000 NOK+27%
Financial Operations Manager1,040,000 NOK+76%
Financial Policy Analyst649,000 NOK+10%
Financial Project Manager882,000 NOK+49%
Financial Quantitative Analyst748,000 NOK+27%
Financial Reporting Consultant603,000 NOK+2%
Financial Reporting Manager800,000 NOK+35%
Financial Section Head825,000 NOK+40%
Financial Services Manager1,130,000 NOK+91%
Financial Services Sales Agent445,000 NOK-25%
Financial Technology Consultant697,000 NOK+18%
Financial Wellness Coach875,000 NOK+48%
FinTech Analyst707,000 NOK+20%
Fixed Assets Administrator426,000 NOK-28%
Forensic Accountant481,000 NOK-19%
Fraud Detection Supervisor532,000 NOK-10%
Fraud Prevention Manager848,000 NOK+44%
Fund Accountant423,000 NOK-28%
Grants Coordinator303,000 NOK-49%
Green Finance Analyst664,000 NOK+12%
Group Financial Manager1,210,000 NOK+100%
Internal Auditor591,000 NOK+0%
Internal Control Adviser679,000 NOK+15%
Internal Control Officer362,000 NOK-39%
International Tax Director1,060,000 NOK+79%
Inventory Accountant448,000 NOK-24%
Investment Advisor1,140,000 NOK+93%
Investment Analyst810,000 NOK+37%
Investment Associate724,000 NOK+23%
Investment Broker732,000 NOK+24%
Investment Fund Manager926,000 NOK+57%
Investment Operations Manager937,000 NOK+59%
Investment Underwriter375,000 NOK-37%
Investor542,000 NOK-8%
Investor Relations Manager812,000 NOK+37%
KYC Team Leader809,000 NOK+37%
Loan Processor355,000 NOK-40%
Management Accountant485,000 NOK-18%
Management Economist941,000 NOK+59%
Paymaster351,000 NOK-41%
Payroll Administrator580,000 NOK-2%
Payroll Benefits Coordinator474,000 NOK-20%
Payroll Billing Manager754,000 NOK+28%
Payroll Clerk370,000 NOK-37%
Payroll Manager746,000 NOK+26%
Payroll Officer382,000 NOK-35%
Payroll Specialist440,000 NOK-26%
Payroll Supervisor554,000 NOK-6%
Pensions Administrator428,000 NOK-28%
Personal Financial Advisor651,000 NOK+10%
Pricing Analyst677,000 NOK+15%
Private Equity Analyst764,000 NOK+29%
Project Accountant445,000 NOK-25%
Proposal Development Coordinator359,000 NOK-39%
Quantitative Trader606,000 NOK+3%
Receivables Accountant373,000 NOK-37%
Regulatory Accountant443,000 NOK-25%
Retirement Plan Analyst689,000 NOK+17%
Revenue Management Specialist689,000 NOK+17%
Revenue Recognition Analyst780,000 NOK+32%
Risk Management Director991,000 NOK+68%
Risk Management Supervisor867,000 NOK+47%
Staff Accountant412,000 NOK-30%
Tax Accountant402,000 NOK-32%
Tax Administrator448,000 NOK-24%
Tax Advisor673,000 NOK+14%
Tax Analyst648,000 NOK+10%
Tax Associate348,000 NOK-41%
Tax Consultant649,000 NOK+10%
Tax Director1,000,000 NOK+69%
Tax Examiner451,000 NOK-24%
Tax Manager862,000 NOK+46%
Tax Research Manager829,000 NOK+40%
Teller258,000 NOK-56%
Treasury Accountant442,000 NOK-25%
Treasury Analyst674,000 NOK+14%
Underwriter300,000 NOK-49%
Underwriting Assistant271,000 NOK-54%
Vice President of Finance1,180,000 NOK+100%

Salary Comparison By City

CityAverage Salary
Oslo607,000 NOK

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Norway is 5% on average across all career fields.

Private Sector
598,000 NOK
Public Sector+5%
631,000 NOK
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Internal Auditor in Norway?

A good and competitive compensation would range anywhere between 565,000 NOK and 651,000 NOK. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Internal Auditor in Norway ranges from 272,000 NOK to 455,000 NOK. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic Spanish

©Salary Explorer 2024