How Much Do Internal Auditors Earn in Namibia?

How Much Do Internal Auditors Earn in Namibia?

A person working as an Internal Auditor in Namibia would typically earn around 16,900 NAD per month. Salaries range from 8,630 NAD (lowest) to 26,100 NAD (highest).

The average internal auditor’s salary is $56,007. This varies drastically according to the type of company or expertise needed. Salaries vary depending on culture and location, but it doesn’t mean they are reflective of gender & experience.

The median, the maximum, the minimum, and the range

  • Salary Range

    The price of Internal Auditor salaries in Namibia varies, with a minimum salary at 8,630 NAD per month and no maximum salary.

  • Median Salary

    Globally, the median salary for a job titled Internal Auditor is around 16,600 NAD per month. However, 50% make less than that while 50% make more. The median represents the middle value of salaries in a particular area/group.

  • Percentiles

    This is a case of a median and two percentiles simultaneously being measured. Reading from the salary distribution diagram, 25% of Internal Auditor(s) are earning less than 11,400 NAD while 75% of them are earning more than 11,400 NAD. Also, 75% of Internal Auditor(s) are earning less than 20,900 NAD while 25% are earning more than 20,900 NAD.

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What to do to become an internal auditor in Namibia?

Internal auditors are crucial for the success of a company. They check and evaluating a company’s financial records, making sure they are accurate, and investigating any irregularities or discrepancies that might arise.

The levels of internal auditors’ career

Entry-level internal auditors usually hold a bachelor’s degree in business, accounting or finance. This shows that internal auditors are expected to be highly qualified when heading up the accounts department.

As an auditor, you’ll typically start out by conducting basic research and analyzing data. You’ll send your documents to a company’s Operations Manager for review and use your findings in reports consistent with industry best practices.

Mid-level internal auditors

Many internal auditors require at least a bachelor’s degree and three to five years of experience, but senior internal auditors are typically those who have got at least a four-year bachelor’s degree with in-depth experience, or an advanced bachelor’s degree. The senior-level of auditors in the company can still provide many of the same duties as entry-level, but with more experience. They develop elaborate, advanced solutions that are not accessible to new auditors.

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Internal audit managers; have traditionally been seasoned auditors who had experience working at a company for many years. Some have got or are pursuing graduate degrees.

As managers progress in their careers, audit workloads are lessened & auditors become more independent of the manager. In this stage of your career, you’ll be able to focus on planning solutions, testing them and implementing them – all things that will help you advance further. In addition, these services provide a variety of ongoing reports that track the progress of all your projects.