What is an Internal Auditor

The main goal of the internal auditing department of any organization is to gather information that can be analyzed and converted into valuable insights to determine how the company can be run more efficiently. There are four common techniques that are used in the practice of internal auditing to achieve this end. They include observing the target business environment; inspecting the specific risk management, financial reporting, and productivity strategies that are currently in place; inquiring or asking questions of management personnel related to the effectiveness of the current internal controls; and confirming whether the goals and objectives of the business are being met.

If you are interested in working in the area of internal auditing, while in college you might want to choose the electives, federal and state corporate income tax, accounting principals and financial management, and auditing. You will need at least a bachelor's degree in accounting or business administration.

An internal auditor makes an average of $63,273 a year, which translates to $30.42 an hour. Acording to the United States Bureau of Labour Statistics, the career is expected to grow by 6% between the years 2018 and 2028, producing 90,700 new jobs.

There is more than meets the eye when it comes to being an Internal Auditor. For example, did you know that they make an average of $33.28 an hour? That's $69,213 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 90,700 job opportunities across the U.S.

What Does an Internal Auditor Do

There are certain skills that many Internal Auditors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Communication skills and Detail oriented.

Learn more about what an Internal Auditor does

How To Become an Internal Auditor

If you're interested in becoming an Internal Auditor, one of the first things to consider is how much education you need. We've determined that 74.7% of Internal Auditors have a bachelor's degree. In terms of higher education levels, we found that 13.9% of Internal Auditors have master's degrees. Even though most Internal Auditors have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an Internal Auditor. When we researched the most common majors for an Internal Auditor, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Internal Auditor resumes include Associate Degree degrees or High School Diploma degrees.

You may find that experience in other jobs will help you become an Internal Auditor. In fact, many Internal Auditor jobs require experience in a role such as Accountant. Meanwhile, many Internal Auditors also have previous career experience in roles such as Staff Accountant or Auditor.

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And if you’re looking for a job, here are the five top employers hiring now:

  1. Citigroup Jobs (30)
  2. IBM Jobs (38)
  3. Oracle Jobs (31)
  4. JPMorgan Chase & Co. Jobs (24)
  5. Liberty Mutual Insurance Jobs (25)
Average Salary
$69,213
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
28,297
Job Openings
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Internal Auditor Career Paths

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Average Salary for an Internal Auditor

Internal Auditors in America make an average salary of $69,213 per year or $33 per hour. The top 10 percent makes over $94,000 per year, while the bottom 10 percent under $50,000 per year.
Average Salary
$69,213
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12 Internal Auditor Resume Examples

Learn How To Write an Internal Auditor Resume

At Zippia, we went through countless Internal Auditor resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Internal Auditor Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. Citigroup Jobs (30)
  2. IBM Jobs (38)
  3. Oracle Jobs (31)
  4. JPMorgan Chase & Co. Jobs (24)
  5. Liberty Mutual Insurance Jobs (25)

Choose From 10+ Customizable Internal Auditor Resume templates

Zippia allows you to choose from different easy-to-use Internal Auditor templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Internal Auditor resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Internal Auditor Demographics

Internal Auditor Gender Statistics

male

54.6 %

female

45.4 %

Internal Auditor Ethnicity Statistics

White

66.7 %

Asian

11.7 %

Hispanic or Latino

10.7 %

Internal Auditor Foreign Languages Spoken Statistics

Spanish

41.9 %

French

9.3 %

Chinese

7.5 %
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Internal Auditor Education

Internal Auditor Majors

26.3 %
8.9 %

Internal Auditor Degrees

Bachelors

74.7 %

Masters

13.9 %

Associate

6.7 %

Top Colleges for Internal Auditors

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
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Top Skills For an Internal Auditor

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 25.0% of Internal Auditors listed Internal Audit on their resume, but soft skills such as Analytical skills and Communication skills are important as well.

  • Internal Audit, 25.0%
  • CPA, 6.8%
  • Ensure Compliance, 6.1%
  • Financial Statements, 5.4%
  • Information Technology, 4.6%
  • Other Skills, 52.1%

Best States For an Internal Auditor

Some places are better than others when it comes to starting a career as an Internal Auditor. The best states for people in this position are New York, Massachusetts, New Jersey, and Washington. Internal Auditors make the most in New York with an average salary of $85,444. Whereas in Massachusetts and New Jersey, they would average $80,982 and $78,631, respectively. While Internal Auditors would only make an average of $77,708 in Washington, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Internal Auditor Jobs:
650
Highest 10% Earn:
$118,000
Location Quotient:
1.22
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Rhode Island

Total Internal Auditor Jobs:
59
Highest 10% Earn:
$107,000
Location Quotient:
1.16
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. District of Columbia

Total Internal Auditor Jobs:
132
Highest 10% Earn:
$113,000
Location Quotient:
1.89
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Internal Auditors

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Top Internal Auditor Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Internal Auditors and discovered their number of Internal Auditor opportunities and average salary. Through our research, we concluded that Robert Half International was the best, especially with an average salary of $61,985. Prime Therapeutics follows up with an average salary of $70,061, and then comes The Coca-Cola Company with an average of $67,376. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as an Internal Auditor. The employers include First American Financial, Raytheon, and Allstate

Most Common Employers For Internal Auditor

RankCompanyZippia ScoreAverage Internal Auditor SalaryAverage Salary
1$98,238
2$87,524
3$75,928
4$74,499
5$73,376
6$71,973

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