Auditors: Salary, Job Description, How To Become One, and Quiz

Stan T.Career, OverviewLeave a Comment

Job description

Auditors examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

  • Prepare detailed reports on audit findings.
  • Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
  • Supervise auditing of establishments, and determine scope of investigation required.
Read more about what does an Auditor really do at work and what is it like being and working as one.



Become

schools

Interested in becoming ? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

View available schools

Salary

Average salary
$78820 per year

Average hourly wage
$38 per hour


Auditors with little to no experience tend to make between $43650 and $55070 while the more experienced ones can earn over $92910 per year.

Top 5 paying statesHourlyAnnual
DC$47$98,130
NY$46$96,300
NJ$43$90,400
VA$41$85,640
CT$41$84,890

One of the easiest ways to increase your salary as an Auditor is to move to a higher paying state like DC. Right now, the highest paying states for Auditors are DC, NY, NJ, VA and CT.

However, a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.

Three other factors that can increase your salary as an Auditor is the degree you hold, the industry you work in, and lastly the company you work for.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Auditors what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a Master’s Degree.

Other than that, we also asked them what did they major in and here are the most popular majors that came up.

Accounting and Computer Science
Financial Forensics and Fraud Investigation
Accounting
Auditing
Accounting and Finance
Read more about how to become an Auditor and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being an Auditor.

PROS
Suitable for people who likes to follow routines
Suitable for people who wants independence and likes to work on their own and make decisions
This career is perfect for people who love to work indoors.
Very good salary
CONS
Not suitable for people who likes to work with designs
It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.
Long working hours (More than 40 hours per week)

What is the job like

Job satisfaction
71%

Is this job meaningful
38%


71% of Auditors said they were satisfied with their job and 38% said they feel like their job is making other people’s lives better.


Is this right for me

Best personality for this career
The Organizers and The Entrepreneurs

You can read more about these career personality types here.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.




Learn more about Auditors

Summary (You are here)
Job Description
Salary
Requirements
Is This Right For Me

Find a college with the major you want


Related career information

Auditors job description, Auditors salary, Auditors information, what is the job of an Auditor like, pros and cons about Auditors, colleges and universities for Auditors, is Auditors the right career for me, careers in Business and Finance

Similar careers

Account Auditor, Accounting Auditor, Asset Analyst, Assurance Manager, Assurance Senior, Audit Manager, Audit Partner, Auditor, Auditor-in-Charge, City Auditor

Additional resources



Leave a Reply

Your email address will not be published. Required fields are marked *