How Much Do Chief Audit Executive Make?
How much do chief audit executive make? Discover the average salary, base salary, and compensation for chief audit executive in the accounting & finance category. Learn about chief audit executive pay per hour, per week, per month, and per annum with detailed salary ranges from $120,000 to $180,000.
How Much Do Chief Audit Executive Make? Complete Salary Guide
How much do chief audit executive make? This is one of the most common questions in career planning. Chief Audit Executive in the Accounting & Finance field can expect to earn an average salary of $215,000 per year, with entry-level positions starting at $120,000 and experienced professionals earning up to $180,000 annually.
When breaking down the average salary of chief audit executive by time periods, chief audit executive typically make around $17,916.667 per month and approximately $4,134.615 per week. The basic salary of chief audit executive varies significantly based on experience level, location, and industry specialization. Entry-level chief audit executive typically start with a base salary of $120,000, while mid-career professionals earn an average of $150,000, and senior-level roles can command salaries exceeding $180,000.
The salary landscape for chief audit executive is influenced by several key factors including geographic location, years of experience, educational background, and specific industry demands. How much do chief audit executive make in a week? On average, this translates to approximately $4,134.615 per week. How much do chief audit executive make per annum? The annual salary range spans from $120,000 to $300,000, with the median salary sitting at $215,000. Additionally, many chief audit executive receive bonuses averaging $25,000 annually, representing approximately 25% of their base salary.
How Much Do Chief Audit Executive Get Paid Per Annum? Chief Audit Executive Salary
Annual salary data for chief audit executive across different experience levels, showing entry-level, mid-career, and experienced professional compensation ranges based on industry standards.
Entry Level Annual Salary
Mid-Career Annual Salary
Experienced Annual Salary
How Much Do Chief Audit Executive Get Paid in a Month? Chief Audit Executive Monthly Salary
Monthly salary breakdowns for chief audit executive at different career stages, providing practical budgeting insights and compensation expectations for financial planning.
Entry Level Monthly Salary
Mid-Career Monthly Salary
Experienced Monthly Salary
How Much Do Chief Audit Executive Get Paid in Different Locations?
Geographic salary variations for chief audit executive across different cities and regions, including cost of living adjustments and regional market demand factors that impact compensation.
Chief Audit Executive Salary Trends
Historical salary progression for chief audit executive over the past years, showing year-over-year compensation growth and market trends in the industry.
Chief Audit Executive Salary Trends (2020 - 2025)
Bonus & Compensation Package
Additional compensation beyond base salary, including bonuses, commissions, and overtime opportunities that contribute to total annual earnings.
Bonus Percentage
of annual salary
Bonuses for Chief Audit Executives are typically awarded based on performance metrics, risk management effectiveness, and overall organizational compliance achievements.
Average Bonus
annually
Commission
A Chief Audit Executive role generally does not offer commission; however, performance-based bonuses or incentives may be available depending on the organization's policies.
Overtime
Overtime pay is generally uncommon for Chief Audit Executives, as they typically receive a fixed salary with performance bonuses rather than hourly compensation.
Employee Benefits Package
Comprehensive benefits and perks provided to employees, including health coverage, retirement plans, time off policies, and professional development opportunities.
Comprehensive Benefits
Typical benefits for a Chief Audit Executive include competitive health insurance, 401(k) retirement plans with company matching, generous paid time off (PTO), performance bonuses, professional development opportunities, and flexible work arrangements.
Chief Audit Executive Job Overview
Comprehensive details about the chief audit executive role including daily responsibilities, work environment, physical demands, and key tasks that define this career path.
About This Role
The Chief Audit Executive (CAE) oversees an organization's internal audit function, ensuring compliance with regulations and risk management. They assess operational efficiency and effectiveness, provide strategic insights to leadership, and enhance governance practices. The CAE plays a crucial role in safeguarding assets and promoting accountability within the organization.
Primary Responsibilities
Oversight of internal audit functions, Risk assessment and management, Development of audit plans, Reporting audit findings to the board, Ensuring compliance with regulations, Evaluating internal controls, Providing recommendations for improvements, Coordinating with external auditors, Monitoring implementation of audit recommendations.
Day-to-Day Tasks
A Chief Audit Executive oversees audit planning, conducts risk assessments, ensures compliance with regulations, manages audit teams, reports findings to stakeholders, and collaborates with management to enhance internal controls.
Work Environment
Hybrid
The Chief Audit Executive typically works in an office environment, collaborating with teams, analyzing data, and ensuring compliance with regulations.
Physical Demands
Moderate
Chief Audit Executives typically work in office environments, requiring prolonged sitting, computer use, and occasional travel for audits; strong analytical skills and attention to detail are essential.
Chief Audit Executive Requirements & Prerequisites
Essential qualifications and credentials needed to pursue a career as a chief audit executive, including educational background, certifications, and experience requirements.
Education
Bachelor’s degree.
Field: Accounting, Finance, Business Administration, Economics, Information Systems, Risk Management, Auditing, Law, Public Administration.
Experience
10 years
Employers seek candidates with extensive auditing experience, strong leadership skills, strategic thinking, regulatory knowledge, risk management expertise, and the ability to drive organizational compliance and improve internal controls.
Certifications
Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), Chartered Accountant (CA), Certified Fraud Examiner (CFE), Certified Risk Management Assurance (CRMA), Certified in the Governance of Enterprise IT (CGEIT).
Required Skills
Leadership, strategic thinking, risk management, communication, analytical skills, problem-solving, financial acumen, regulatory knowledge.
Technical Skills
Soft Skills
Chief Audit Executive Career Path
Professional progression opportunities for chief audit executive from entry-level to senior management, including typical career advancement timeline and role evolution.
Entry Level
Internal Auditor, Compliance Analyst, Risk Management Associate
Early-career Chief Audit Executives oversee audit processes, ensure compliance, assess risks, provide insights on internal controls, and collaborate with management to enhance organizational effectiveness.
Mid-Career
Internal Audit Manager, Senior Internal Auditor, Audit Supervisor
Mid-career Chief Audit Executives oversee internal audits, ensure compliance, manage risk assessments, lead audit teams, enhance operational efficiency, and communicate findings to stakeholders.
Senior Management
Chief Financial Officer, Vice President of Risk Management, Senior Director of Internal Audit.
Chief Audit Executives oversee internal audits, risk management, compliance, and governance processes, ensuring organizational integrity, efficiency, and alignment with strategic objectives while safeguarding assets.
Career Progression Timeline
Timeline: 10 years
A Chief Audit Executive typically advances from audit roles, gaining experience in risk management and compliance, eventually leading to executive leadership positions within the organization. Continuous professional development enhances strategic oversight capabilities.
Chief Audit Executive Industry & Growth
Market outlook and growth prospects for chief audit executive, including industry trends, job market demand, and factors influencing career opportunities and advancement.
Job Outlook
Stable
Projected: 2024–2034
Industry Trends
Increased focus on cybersecurity and risk management, integration of advanced technologies like AI and data analytics in auditing processes, heightened regulatory scrutiny and compliance requirements.
Growth Factors
Increased regulatory scrutiny, heightened risk management needs, corporate governance demands, evolving technology challenges, and the importance of internal controls drive Chief Audit Executive demand.
Future Opportunities
AI-driven analytics, cybersecurity frameworks, blockchain auditing, sustainability reporting, remote audit technologies, and regulatory compliance automation are emerging niches creating opportunities for Chief Audit Executives.
Chief Audit Executive Related Professions
Alternative career paths and similar roles for chief audit executive, including career transitions, related positions, and advancement opportunities within the field.
Similar Roles
Career Alternatives
Upgrade Paths
Related Entry Roles
Chief Audit Executive Skills & Development
Essential skills and professional development resources for chief audit executive, including technical abilities, soft skills, recommended courses, and ongoing learning opportunities.
Technical Skills
Soft Skills Needed
Recommended Certifications
Recommended Courses
Development Resources
Training Timeline
Estimated training time
Frequently Asked Questions About Chief Audit Executive Salary
Common questions and answers about pursuing a career as a chief audit executive, covering qualifications, salary expectations, career prospects, and practical career guidance.
What qualifications are needed to become a Chief Audit Executive?
Typically, a bachelor’s degree in accounting, finance, or business administration, along with relevant certifications like CPA or CIA.
What is the average salary of a Chief Audit Executive?
The average salary ranges from $150,000 to $250,000 annually, depending on the industry and company size.
What skills are essential for a Chief Audit Executive?
Strong analytical skills, leadership abilities, and expertise in risk management and compliance are crucial.
How can I advance my career to become a Chief Audit Executive?
Gaining experience in auditing roles and pursuing advanced certifications can help pave the way for advancement.
Is a master’s degree necessary for becoming a Chief Audit Executive?
While not always required, a master’s degree can enhance your qualifications and competitiveness in the field.
How Much Others Make?
Explore salary data for other professions to compare compensation across different career paths and industries.