BS Internal Audit Mid-year - Flipbook - Page 8
BARCLAYSIMPSON.COM
8
Salary
trends
Corporate and investment banking
London
South East
Regional
Internal Auditor 1-3 yrs
£40k — £60k
£35k — £55k
£30k — £40k
Senior Auditor 3+ yrs
£60k — £80k
£55k — £75k
£50k — £70k
Audit Manager 7+ yrs
£75k — £100k
£70k — £100k
£65k — £90k
Senior Manager 10+ yrs
£90k — £130k
£80k — £120k
£85k — £100k
Director 15+ yrs
£120k — £250k+ £100k — £200k+ £90k — £150k+
Consumer and private banking
INTERNAL AUDIT & CONTROLS | RECRUITMENT MARKET UPDATE 2024
From 2022 through to mid-2023, there was an
18-month period of exceptionally high demand
for internal auditors, which created intense
competition in the recruitment market.
As a result, salaries increased across the
board. Those actively seeking new roles
saw rises of 20-25% on their previous salary,
while those who remained with their current
employer were awarded 10-15% increases as
companies strove to retain talent. However,
the reduction in demand through H2 2023
and into 2024 has changed the supply
and demand dynamics, with salary inflation
significantly reduced.
In H1 2024, salary increases achieved on the
recruitment market have tended to be in the
7.5%-15% range while salary increases by those
who have remained with their current employer
have averaged around 5%-7%. We have not
seen much demand-led pressure on salaries
in the short term, but the underlying skills
shortages across the internal audit profession
suggest this situation could change quickly
in response to relatively modest increases in
recruitment levels.
Internal Auditor 1-3 yrs
London
South East
Regional
£30k — £60k
£30k — £45k
£25k — £45k
Senior Auditor 3+ yrs
£60k — £85k
£50k — £60k
£50k — £60k
Audit Manager 7+ yrs
£75k — £105k
£60k — £100k
£55k — £75k
Senior Manager 10+ yrs
£90k — £125k
£75k — £115k
£70k — £100k
Director 15+ yrs
£110k — £250k+
£90k — £200k+
£90k — £180k+
London
South East
Regional
Internal Auditor 1-3 yrs
£30k — £60k
£30k — £45k
£28k — £45k
Senior Auditor 3+ yrs
£60k — £85k
£48k — £65k
£42k — £65k
Audit Manager 7+ yrs
£75k — £105k
£60k — £100k
£52k — £72k
Senior Manager 10+ yrs
£80k — £135k
£75k — £115k
£70k — £100k
Director 15+ yrs
£120k — £250k+ £90k — £170k+
£90k — £150k+
London
South East
Regional
Internal Auditor 1-3 yrs
£30k — £60k
£30k — £45k
£28k — £45k
Senior Auditor 3+ yrs
£60k — £80k
£48k — £65k
£42k — £65k
Audit Manager 7+ yrs
£75k — £100k
£60k — £80k
£52k — £72k
Senior Manager 10+ yrs
£80k — £125k
£75k — £110k
£70k — £100k
Director 15+ yrs
£110k — £250k+
£90k — £180k+
£90k — £150k+
Asset and wealth management
Insurance
