Internal Auditor Average Salary in United Kingdom 2024
How much money does a person working as Internal Auditor make in United Kingdom?
LOW
33,300
GBP AVERAGE
67,900
GBP HIGH
106,000
GBP
A person working as Internal Auditor in United Kingdom typically earns around 67,900 GBP. Salaries range from 33,300 GBP (lowest) to 106,000 GBP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Internal Auditor salaries in United Kingdom 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 United Kingdom
Salary Structure and Pay Scale Comparison
63,000 GBP or more
55,600 to 63,000 GBP
39,500 GBP or less
39,500 to 55,600 GBP
 33,300 GBP |
63,300 GBP |
106,000 GBP |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Internal Auditor in United Kingdom range from 33,300 GBP (starting salary) to 106,000 GBP (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 63,300 GBP, half of the professionals who work as Internal Auditor in United Kingdom 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 United Kingdom earn less than 51,800 GBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 72,400 GBP 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 United Kingdom compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 39,500 GBP to 55,600 GBP. About 20% of salaries are below the 39,500 GBP mark, while 10% fall within the range of 55,600 GBP to 63,000 GBP. Only 5% of individuals have salaries exceeding 63,000 GBP.
Salary Comparison by Years of Experience / Internal Auditor / United Kingdom
How do experience and age affect pay?
| 0 - 2 Years | 39,500 GBP | |
| 2 - 5 Years | +29% | 50,700 GBP |
| 5 - 10 Years | +38% | 70,000 GBP |
| 10 - 15 Years | +24% | 86,700 GBP |
| 15 - 20 Years | +7% | 92,900 GBP |
| 20+ Years | +7% | 99,000 GBP |
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.
Employees with less than two years of experience earn approximately 39,500 GBP.
While someone with an experience level between two and five years is expected to earn 50,700 GBP, 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 70,000 GBP, 38% 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 86,700 GBP, 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 92,900 GBP, 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 99,000 GBP, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Internal Auditor / United Kingdom
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 | 50,700 GBP | |
| Bachelor's Degree | +34% | 68,100 GBP |
| Master's Degree | +53% | 104,000 GBP |
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 50,700 GBP.
Level 2: Bachelor's Degree
At this level, the average salary becomes 68,100 GBP, 34% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 104,000 GBP, 53% 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 United Kingdom costs anywhere from 29,700 GBP to 89,100 GBP 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 and Compensation Comparison By Gender / Internal Auditor / United Kingdom
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 United Kingdom, the average difference between the salary of male and female employees is 4%.
| Male | 69,300 GBP | |
| Female | -4% | 66,400 GBP |
Salary Comparison By Gender in United Kingdom for all Careers
Average Annual Salary Increment Percentage / Internal Auditor / United Kingdom
How much are annual salary increments in United Kingdom for individuals working as Internal Auditor? How often do employees get salary raises?
Individuals working as Internal Auditor in United Kingdom 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.
United Kingdom / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / United Kingdom
How much and how often are bonuses being awarded?
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42% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 58% 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 | 58% | |
| No Bonus | 42% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 / United Kingdom
33 GBP per hourThe average hourly wage (pay per hour) for individuals working as Internal Auditor in United Kingdom is 33 GBP.This is the rate they get paid for every worked hour.
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 United Kingdom is 16 GBP. 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 Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 39,500 GBP | -42% |
| Account Executive | 66,500 GBP | -2% |
| Accountant | 49,400 GBP | -27% |
| Accounting Analyst | 65,500 GBP | -4% |
| Accounting Assistant | 39,700 GBP | -42% |
| Accounting Associate | 35,900 GBP | -47% |
| Accounting Clerk | 30,800 GBP | -55% |
| Accounting Coordinator | 47,400 GBP | -30% |
| Accounting Head | 105,000 GBP |  +55% |
| Accounting Manager | 106,000 GBP | +56% |
| Accounting Officer | 36,800 GBP | -46% |
| Accounting Specialist | 69,300 GBP | +2% |
| Accounting Supervisor | 72,600 GBP | +7% |
| Accounting Technician | 37,000 GBP | -46% |
| Accounting Unit Controller | 83,100 GBP | +22% |
| Accounts Executive | 66,000 GBP | -3% |
| Accounts Officer | 41,200 GBP | -39% |
| Accounts Payable and Receivable Specialist | 52,400 GBP | -23% |
| Accounts Payable Assistant | 39,800 GBP | -41% |
| Accounts Payable Associate | 46,700 GBP | -31% |
| Accounts Payable Clerk | 38,000 GBP | -44% |
| Accounts Payable Manager | 104,000 GBP | +53% |
| Accounts Receivable Administrator | 71,700 GBP | +6% |
| Accounts Receivable Clerk | 36,400 GBP | -46% |
| Accounts Receivable Financial Analyst | 73,700 GBP | +9% |
| Accounts Receivable Manager | 97,800 GBP | +44% |
| Accounts Receivable Team Leader | 71,700 GBP | +6% |
| Algorithmic Trading Specialist | 90,500 GBP | +33% |
| Assistant Accountant | 40,200 GBP | -41% |
| Assistant Accounting Manager | 97,500 GBP | +44% |
| Assistant Auditor | 49,400 GBP | -27% |
| Assistant Corporate Controller | 67,900 GBP | -0% |
| Assistant Finance Manager | 105,000 GBP | +55% |
| Assistant Financial Controller | 65,900 GBP | -3% |
| Audit Director | 117,000 GBP | +72% |
| Audit Supervisor | 95,700 GBP | +41% |
| Auditing Clerk | 41,200 GBP | -39% |
| Auditing Manager | 110,000 GBP | +62% |
| Billing Clerk | 37,400 GBP | -45% |
| Billing Coordinator | 46,000 GBP | -32% |
| Billing Specialist | 53,200 GBP | -22% |
| Billing Supervisor | 79,800 GBP | +18% |
| Bookkeeper | 31,900 GBP | -53% |
| Bookkeeping Specialist | 50,400 GBP | -26% |
| Budget Analyst | 85,900 GBP | +26% |
| Budget Manager | 106,000 GBP | +56% |
| Business Support Analyst | 55,800 GBP | -18% |
| Capital Markets Associate | 75,600 GBP | +11% |
| Cash Flow Analyst | 79,600 GBP | +17% |
| Cash Management Manager | 97,000 GBP | +43% |
| Cash Management Officer | 58,000 GBP | -15% |
| Cashbook Clerk | 33,100 GBP | -51% |
| Chartered Accountant | 66,200 GBP | -3% |
| Chief Accountant | 78,800 GBP | +16% |
| Chief Financial Technology Officer | 103,000 GBP | +52% |
| Collections Clerk | 32,100 GBP | -53% |
| Collections Representative | 45,400 GBP | -33% |
| Collections Specialist | 49,900 GBP | -27% |
| Corporate Controller | 83,400 GBP | +23% |
| Corporate Treasurer | 93,500 GBP | +38% |
| Cost Accountant | 49,800 GBP | -27% |
| Cost Accounting Manager | 100,000 GBP | +47% |
| Cost Accounting Supervisor | 81,300 GBP | +20% |
| Cost Analyst | 82,500 GBP | +21% |
| Credit and Collection Manager | 103,000 GBP | +52% |
| Credit and Collection Staff | 37,400 GBP | -45% |
| Credit and Loans Officer | 38,400 GBP | -43% |
| Credit Controller | 71,200 GBP | +5% |
| Credit Manager | 103,000 GBP | +52% |
| Debt Adviser | 85,800 GBP | +26% |
| Debt Collector | 42,900 GBP | -37% |
| Debtors Clerk | 35,200 GBP | -48% |
| Debtors Controller | 36,800 GBP | -46% |
| Deputy CFO | 135,000 GBP | +99% |
| Deputy Head of Finance | 142,000 GBP | +110% |
| Derivative Trader | 90,500 GBP | +33% |
| Director of Finance | 155,000 GBP | +130% |
| E-commerce Accountant | 54,100 GBP | -20% |
| Economist | 114,000 GBP | +68% |
| Equity Analyst | 90,000 GBP | +33% |
| Escrow Assistant | 45,500 GBP | -33% |
| Executive Accountant | 57,600 GBP | -15% |
| External Auditor | 69,100 GBP | +2% |
| Finance Administrator | 60,500 GBP | -11% |
| Finance Analyst | 89,100 GBP | +31% |
| Finance Associate | 46,300 GBP | -32% |
| Finance Data Analyst | 79,000 GBP | +16% |
| Finance Director | 146,000 GBP | +110% |
| Finance Executive | 105,000 GBP | +55% |
| Finance Licensing Clerk | 37,700 GBP | -44% |
| Finance Licensing Manager | 92,700 GBP | +37% |
| Finance Licensing Specialist | 54,100 GBP | -20% |
| Finance Manager | 143,000 GBP | +110% |
| Finance Officer | 46,400 GBP | -32% |
| Finance President | 149,000 GBP | +120% |
| Finance Relationship Manager | 120,000 GBP | +77% |
| Finance Release Analyst | 55,600 GBP | -18% |
| Finance Specialist | 86,800 GBP | +28% |
| Finance Team Leader | 119,000 GBP | +75% |
| Financial Accountant | 49,400 GBP | -27% |
| Financial Actuary | 81,000 GBP | +19% |
| Financial Administrator | 87,400 GBP | +29% |
| Financial Advisor | 88,500 GBP | +30% |
| Financial Analyst | 93,100 GBP | +37% |
| Financial Applications Specialist | 63,900 GBP | -6% |
| Financial Assistant | 42,300 GBP | -38% |
| Financial Associate | 47,900 GBP | -29% |
| Financial Claims Analyst | 65,100 GBP | -4% |
| Financial Claims Manager | 88,700 GBP | +31% |
| Financial Claims Supervisor | 84,700 GBP | +25% |
| Financial Clerk | 37,600 GBP | -45% |
| Financial Commercial Analyst | 73,000 GBP | +7% |
| Financial Compliance Analyst | 84,500 GBP | +24% |
| Financial Compliance Officer | 79,700 GBP | +17% |
| Financial Consultant | 69,500 GBP | +2% |
| Financial Controller | 82,800 GBP | +22% |
| Financial Coordinator | 45,600 GBP | -33% |
| Financial Customer Service Manager | 93,100 GBP | +37% |
| Financial Data Scientist | 96,200 GBP | +42% |
| Financial Dealer and Broker | 54,300 GBP | -20% |
| Financial Director | 152,000 GBP | +120% |
| Financial Encoder | 42,100 GBP | -38% |
| Financial Manager | 149,000 GBP | +120% |
| Financial Modelling Analyst | 95,500 GBP | +41% |
| Financial Operations Manager | 124,000 GBP | +83% |
| Financial Policy Analyst | 80,600 GBP | +19% |
| Financial Project Manager | 104,000 GBP | +53% |
| Financial Quantitative Analyst | 87,000 GBP | +28% |
| Financial Reporting Consultant | 75,900 GBP | +12% |
| Financial Reporting Manager | 99,300 GBP | +46% |
| Financial Section Head | 101,000 GBP | +49% |
| Financial Services Manager | 126,000 GBP | +86% |
| Financial Services Sales Agent | 53,400 GBP | -21% |
| Financial Technology Consultant | 77,800 GBP | +15% |
| Financial Wellness Coach | 104,000 GBP | +53% |
| FinTech Analyst | 90,100 GBP | +33% |
| Fixed Assets Administrator | 50,500 GBP | -26% |
| Forensic Accountant | 60,500 GBP | -11% |
| Fraud Detection Supervisor | 64,500 GBP | -5% |
| Fraud Prevention Manager | 99,300 GBP | +46% |
| Fund Accountant | 47,900 GBP | -29% |
| Grants Coordinator | 37,000 GBP | -46% |
| Green Finance Analyst | 74,000 GBP | +9% |
| Group Financial Manager | 142,000 GBP | +110% |
| Internal Auditor | 67,900 GBP | -0% |
| Internal Control Adviser | 82,300 GBP | +21% |
| Internal Control Officer | 42,400 GBP | -38% |
| International Tax Director | 119,000 GBP | +75% |
| Inventory Accountant | 50,500 GBP | -26% |
| Investment Advisor | 138,000 GBP | +100% |
| Investment Analyst | 105,000 GBP | +55% |
| Investment Associate | 88,900 GBP | +31% |
| Investment Broker | 82,800 GBP | +22% |
| Investment Fund Manager | 110,000 GBP | +62% |
| Investment Operations Manager | 113,000 GBP | +66% |
| Investment Underwriter | 43,100 GBP | -37% |
| Investor | 67,300 GBP | -1% |
| Investor Relations Manager | 97,500 GBP | +44% |
| KYC Team Leader | 100,000 GBP | +47% |
| Loan Processor | 41,700 GBP | -39% |
| Management Accountant | 56,400 GBP | -17% |
| Management Economist | 113,000 GBP | +66% |
| Paymaster | 40,800 GBP | -40% |
| Payroll Administrator | 67,600 GBP | -0% |
| Payroll Benefits Coordinator | 54,900 GBP | -19% |
| Payroll Billing Manager | 93,400 GBP | +38% |
| Payroll Clerk | 46,000 GBP | -32% |
| Payroll Manager | 89,700 GBP | +32% |
| Payroll Officer | 45,800 GBP | -33% |
| Payroll Specialist | 50,900 GBP | -25% |
| Payroll Supervisor | 64,400 GBP | -5% |
| Pensions Administrator | 51,300 GBP | -24% |
| Personal Financial Advisor | 79,100 GBP | +16% |
| Pricing Analyst | 81,400 GBP | +20% |
| Private Equity Analyst | 86,000 GBP | +27% |
| Project Accountant | 55,200 GBP | -19% |
| Proposal Development Coordinator | 43,100 GBP | -37% |
| Quantitative Trader | 70,100 GBP | +3% |
| Receivables Accountant | 48,200 GBP | -29% |
| Regulatory Accountant | 56,400 GBP | -17% |
| Retirement Plan Analyst | 83,400 GBP | +23% |
| Revenue Management Specialist | 80,700 GBP | +19% |
| Revenue Recognition Analyst | 91,500 GBP | +35% |
| Risk Management Director | 123,000 GBP | +81% |
| Risk Management Supervisor | 104,000 GBP | +53% |
| Staff Accountant | 50,600 GBP | -25% |
| Tax Accountant | 49,300 GBP | -27% |
| Tax Administrator | 54,700 GBP | -19% |
| Tax Advisor | 79,500 GBP | +17% |
| Tax Analyst | 73,900 GBP | +9% |
| Tax Associate | 41,200 GBP | -39% |
| Tax Consultant | 79,200 GBP | +17% |
| Tax Director | 118,000 GBP | +74% |
| Tax Examiner | 56,100 GBP | -17% |
| Tax Manager | 99,700 GBP | +47% |
| Tax Research Manager | 103,000 GBP | +52% |
| Teller | 30,800 GBP | -55% |
| Treasury Accountant | 53,100 GBP | -22% |
| Treasury Analyst | 83,400 GBP | +23% |
| Underwriter | 35,300 GBP | -48% |
| Underwriting Assistant | 34,100 GBP | -50% |
| Vice President of Finance | 143,000 GBP | +110% |
Salary Comparison By State
| State | Average Salary |
| England | 131,000 GBP |
| Northern Ireland | 64,800 GBP |
| Scotland | 98,100 GBP |
| Wales | 64,500 GBP |
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 United Kingdom is 4% on average across all career fields.
| Private Sector | 69,700 GBP | |
| Public Sector | +4% | 72,800 GBP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Internal Auditor in United Kingdom?
A good and competitive compensation would range anywhere between 63,300 GBP and 72,400 GBP. 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 United Kingdom ranges from 33,300 GBP to 51,800 GBP. 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
