Average Internal Auditor salaries in the UK

Salary by region

Explore the average UK internal auditor salary by location:

  • London: £51,800
  • Scotland: £39,400
  • Wales: £36,200
  • Yorkshire: £36,500

Job prospects for Internal Auditors

The outlook for the internal audit professional is looking bright for the foreseeable future, however there are multiple factors likely to evolve the profession over that time as well.

One reason demand for internal auditors, including those who work on a consulting basis, is so strong is that many organisations across industries are seeking opportunities for growth — and launching new revenue-generating initiatives. While these pursuits create opportunity, they also can invite risk that internal auditors must help the business to assess and monitor.

Other drivers for the increased demand of internal audit include growth in international trade due to globalisation and geopolitical change, as well as merger and acquisition activity.

Businesses are looking for internal auditors who are able to keep pace with technological advancement and unearth new and more profound insights using the wealth of new data available. A more proactive attitude will be expected in terms of delivery and value. 

The introduction of GDPR brings new challenges to auditing roles by adding a new risk factor. Internal auditors are the main point of contact for data protection officers, board members and company employees alike.

Internal Auditor salary opportunities

Internal auditors have the potential to earn anything between £32,000 and £70,000 depending on their location, technical skills, experience and seniority.

Salaries for internal auditors in Scotland and across the North, Midlands and West of the UK are stable, and professionals can expect to earn anything between £36,00 – £39,000 at a basic level.

Internal audit salaries in London are higher than average, ranging between £45,000 and £60,000. This increase is due to a hiring push in the banking industry and the high concentration of FinTech businesses clustered there. 

Relocation isn’t the only way to earn more as an internal auditor. Finance professionals can increase their value with specialised ACA, CIMA or ACCA qualifications, as well as skills in risk and in Quant.

Business digitisation has left a large gap in the hiring market for audit professionals with the digital skills needed to accurately assess risk in that space. Auditors can look to increase their earning potential by moving into a role within IT security and can increase it further with a CISA qualification.

Download the Robert Half Accounting and Finance Salary Guide for even more insight on the latest recruitment trends affecting your industry.

 

Internal Auditor
City of London
GBP45000 - 50000 / annum
Permanent

Senior Internal Auditor
City of London
GBP55000 - 65000 / annum
Permanent

Senior Internal Auditor
Henley-On-Thames
GBP65000 - 85000 / annum
Project

Principal IT Auditor
London
GBP80000 - 85000 / annum
Permanent

Risk Manager
London
GBP80000 - 90000 / annum
Project

Investment Operations Analyst
London
GBP40000 - 45000 / annum
Permanent

Data Protection Officer
London
GBP60000 - 65000 / annum
Permanent

Compliance Analyst
London
GBP30000 - 35000 / annum
Permanent

Financial Controller
GB
GBP50000 - 65000 / annum
Permanent

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