Audit salaries stagnate and candidates don't want to move jobs
Audit salaries stagnate and candidates don’t want to move.
The results of BeecherMadden’s salary survey on the internal audit market have been published today. Over the past 12 months, salaries have not shown any real increase, per grade. Often, this would lead to candidates moving on to other jobs, as they look for a salary increase elsewhere. However, almost 20% of candidates were not looking to move jobs at all and 50% would only move if actively approached about a new role.
Luke Vile, business development director for BeecherMadden, says “that most of the candidate market is passive, will be a challenge for companies looking to recruit internal audit candidates in 2016. Vacancies are on the increase and our clients recognise that they struggle to attract the right calibre of candidate. Companies may need to offer significant salary increases to attract the right individuals. However, where grades and career paths are often clearly defined, this can be difficult, without upsetting teams that are already in-situ.”
Years of experience Salary bands Typical job title
0 – 3 £20,000 - £40,000 Analyst
4 – 7 £40,000 - £50,000 Manager
7 – 12 £45,000 - £60,000 Manager
12 – 20 £60,000 - £90,000 Senior manager / Head of
12 – 20+ £90,000 - £120,000 Director
12 – 20+ £100,000 - £150,000+ Managing Director
Job title Industry Salary bands
Manager Chartered accountancy £45,000 - £63,000
Senior manager Chartered accountancy £65,000 - £80,000
AVP Investment banking £55,000 - £70,000
VP Investment banking £70,000 - £85,000
Managing director Investment banking £150,000+
Auditor Retail banking £35,000 - £55,000
Audit manager Retail banking £50,000-£70,000
Audit manager Other £45,000 - £60,000
BeecherMadden is an award winning, niche search and selection business, with a track record of excellence in the recruitment of corporate governance, resilience & security and niche technology. We have a history of recruiting highly qualified individuals, teams and building niche consulting practices for some of the largest brands in the world. With our focus on excellence in all we do, and ambitious growth plans, BeecherMadden has achieved fast track success and industry recognition.