Internal Audit Manager Salaries in Boston

Looking for a great internal audit manager job in Boston? At Daley and Associates, we offer superior recruiting results, specializing in auditing and financial placement.

Internal audit managers are responsible for maintaining a budget and reporting financial information for their employer. Specific duties include conducting reviews to identify financial and business risks and assess compliance with regulations; contributing to the development of strategies and procedures for carrying out internal audits; evaluating internal controls to identify areas needing improvement; assisting in the coordination and implementation of internal audits; and reporting audit results in writing and in presentations. Internal audit managers also supervise and assign work to accountants and auditors working in their department.

Education requirements for internal audit managers are a Bachelor’s degree in Accounting or a related field, although individuals with advanced degrees, such as Master of Business Administration (MBA) or Bachelor of Science, substantially boost their earning potential.  To become an internal audit manager, individuals are expected to have a minimum five to seven years of experience in the public accounting field. They must also be certified as an internal auditor and/or a Certified Public Accountant (CPA).

According to Indeed.com , the average salary for an internal audit manager in Boston is $92,000. That’s 14 percent higher than the national average pay for an internal audit manager. Similar jobs in Boston include senior IT auditors, averaging $91,000; corporate accounting managers who earn $109,000; supervisory auditors who average $121,000; and senior internal audit managers who top the ledger at $133,000.

According to PayScale Inc., the five top-paying cities for internal audit managers are: 1) San Jose, CA.; 2) Washington, D.C.; 3) San Francisco, CA.; 4) Houston, TX.; 5) New York, NY. Boston, MA is growing. Popular employers for internal audit managers include PricewaterhouseCoopers, KPMG, LLP, Public Storage, Inc., and United Surgical Partners International. Popular industries include financial services, healthcare, accounting, auditing and tax services, banking, and auditing and business advisory services. Fifty-seven percent of internal audit managers are men and 48 percent have between five and nine years of experience.

Job opportunities abound for internal audit managers. According to the U.S. Bureau of Labor Statistics, employment of accountants and auditors is expected to grow by 16 percent from 2010 to 2020. An increased focus on accounting in response to corporate scandals and recent financial crises, coupled with stricter laws and regulations, particularly in the financial sector, are expected to increase the demand for accounting services as organizations seek to comply with new standards. Likewise, tighter lending standards are expected to increase the importance of audits, as this is a key way for organizations to demonstrate their creditworthiness.

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