In South Africa, an Internal Auditor normally makes roughly 29,700 ZAR per month. Salaries vary from 14,500 ZAR (the lowest) to 46,300 ZAR (the highest) (highest).
Salary Comparison for Internal Auditors Based on Years of Experience
The most essential criterion in deciding remuneration is the amount of experience. Naturally, the more years of experience you have, the greater your salary. This is what we discovered after breaking down Internal Auditor wages by experience level.
An Internal Auditor with less than two years of experience may expect to earn around 17,200 ZAR per month.
Someone with two to five years of experience is projected to earn 22,100 ZAR per month, which is 29% more than someone with less than two years of experience.
Moving ahead, someone with five to 10 years of experience earns $30,600 ZAR each month, 38% more than someone with two to five years of experience.
Furthermore, Internal Auditor(s) with ten to fifteen years of experience earn 37,900 ZAR a month, which is 24% more than someone with five to ten years of experience.
If you have fifteen to twenty years of experience, you may expect to earn 40,500 ZAR per month, which is 7% higher than someone with 10 to fifteen years of experience.
Finally, individuals with more than twenty years of professional experience earn 43,200 ZAR per month, which is 7% higher than those with fifteen to twenty years of experience.
Salary Comparison for Internal Auditors Based on Education
The average monthly compensation for an Internal Auditor with a Certificate or Diploma is 22,100 ZAR.
A person with a Bachelor’s Degree earns 29,800 ZAR a month, which is 34% more than someone with a Certificate or Diploma.
A Master’s Degree earns its recipient an average monthly income of 45,600 ZAR, 53% more than a Bachelor’s Degree.
In South Africa, how much do junior internal auditors earn?
In South Africa, the average junior internal auditor compensation is R 1 920 000 per year, or R 985 per hour. Starting salaries for entry-level employment start at R 270 000 per year, with most experienced professionals earning up to R 5 136 900 per year.
Is internal auditing challenging?
It might be one of the most challenging tasks to fill in a company.
In South Africa, how long does it take to become an internal auditor?
It takes at least 18 months. This phase must be completed at an IRBA-registered auditing company. During this time, you will get expertise in auditing at a higher level, as well as be involved in more difficult activities. As a result, you will become an auditor specialist.
