Do you know how to obtain a salary for auditor position? The average salary for an auditor in the United States is $7,400 per year. Individual employers set their own salary ranges, but this article will give you a good idea of what to expect from your employer.
Auditors are typically paid according to the size of the company they audit. The larger the company, the higher the salary. This is because auditors are expected to have more experience and skill when working with larger companies. Large companies also have more complex operations and require more time to audit them properly.
Auditors at smaller companies may earn less than their counterparts at larger businesses because they will generally have less experience in their field. However, this will be balanced out by fewer responsibilities and less work hours per week.
In both cases, it is important for auditors to note that they must keep up with current technology trends so that they can stay abreast of new tools that might be useful in their job.
Salary for auditor
A person working as an Internal Bank Auditor in Nigeria typically earns around 338,000 NGN per month. Salaries range from 166,000 NGN (lowest) to 527,000 NGN (highest).
This is the average monthly salary including housing, transport, and other benefits. Internal Bank Auditor salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Internal Bank Auditor Salary Distribution in Nigeria
The median, the maximum, the minimum, and the range
- Salary RangeInternal Bank Auditor salaries in Nigeria range from 166,000 NGN per month (minimum salary) to 527,000 NGN per month (maximum salary).
- Median SalaryThe median salary is 345,000 NGN per month, which means that half (50%) of people working as Internal Bank Auditor(s) are earning less than 345,000 NGN while the other half are earning more than 345,000 NGN. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Internal Bank Auditor(s) are earning less than 230,000 NGN while 75% of them are earning more than 230,000 NGN. Also from the diagram, 75% of Internal Bank Auditor(s) are earning less than 445,000 NGN while 25% are earning more than 445,000 NGN.
Internal Bank Auditor Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Internal Bank Auditor salaries by experience level and this is what we found.
An Internal Bank Auditor with less than two years of experience makes approximately 196,000 NGN per month.
While someone with an experience level between two and five years is expected to earn 252,000 NGN per month, 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 348,000 NGN per month, 38% more than someone with two to five years of experience.
Additionally, Internal Bank Auditor(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 431,000 NGN per month, 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 462,000 NGN per month, 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 493,000 NGN per month, 7% more than people with fifteen to twenty years of experience.
Internal Bank Auditor average salary change by experience in Nigeria
| 0 – 2 Years | 196,000 NGN | |
| 2 – 5 Years | +29% | 252,000 NGN |
| 5 – 10 Years | +38% | 348,000 NGN |
| 10 – 15 Years | +24% | 431,000 NGN |
| 15 – 20 Years | +7% | 462,000 NGN |
| 20+ Years | +7% | 493,000 NGN |
Percentage increase and decrease are relative to the previous value
Internal Bank Auditor Salary Comparison By Education
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 Internal Bank Auditor salaries by education level in order to make a comparison.
When the education level is Bachelor’s Degree, the average salary of an Internal Bank Auditor is 245,000 NGN per month.
While someone with a Master’s Degree gets a salary of 393,000 NGN per month, 60% more than someone having a Bachelor’s Degree degree.
Internal Bank Auditor average salary difference by education level in Nigeria
| Bachelor’s Degree | 245,000 NGN | |
| Master’s Degree | +60% | 393,000 NGN |
Percentage increase and decrease are relative to the previous val
