Internal Auditor - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Internal Auditor

Reply
 
Thread Tools
  #1 (permalink)  
Old 28-09-2011, 11:09 AM
Junior Member
 
Join Date: Sep 2011
Posts: 6
villan1 is on a distinguished road
Default Internal Auditor

Just wondering whats the market rate for a fresh grad working in an MNC as an internal auditor?

Reply With Quote
  #2 (permalink)  
Old 28-09-2011, 02:00 PM
Unregistered
Guest
 
Posts: n/a
Default IA

Expect amount a little over an entry level big 4 auditor, so i reckon around 2.8k to 3.5k.

Reply With Quote
  #3 (permalink)  
Old 28-09-2011, 04:10 PM
Junior Member
 
Join Date: Sep 2011
Posts: 6
villan1 is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Expect amount a little over an entry level big 4 auditor, so i reckon around 2.8k to 3.5k.
apparently i was offered only 2.5k. I was told by HR that the company offers fresh grad 2.5k as a start.

Am i severely short-changed?

i have done my medical but yet to sign the contract (will be down tmr though). Any advice? thanks


Last edited by villan1; 28-09-2011 at 04:14 PM.
Reply With Quote
  #4 (permalink)  
Old 28-09-2011, 05:16 PM
madgoat
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by villan1 View Post
apparently i was offered only 2.5k. I was told by HR that the company offers fresh grad 2.5k as a start.

Am i severely short-changed?

i have done my medical but yet to sign the contract (will be down tmr though). Any advice? thanks
Note that an internal auditor is very different from an external auditor despite sharing similar designation.

An internal auditor is essentially a process executive whose main job is to ensure that the company's policies and processes across all departments are adhered to. This is very different from an external auditor whose main focus is on checking the books.

2.5k is not high, but decent. Most companies will not differentiate fresh grad executives across different departments. You certainly should not use a big4 auditor as a benchmark, completely different roles.
Reply With Quote
  #5 (permalink)  
Old 28-09-2011, 05:32 PM
Junior Member
 
Join Date: Sep 2011
Posts: 6
villan1 is on a distinguished road
Default

Quote:
Originally Posted by madgoat View Post
Note that an internal auditor is very different from an external auditor despite sharing similar designation.

An internal auditor is essentially a process executive whose main job is to ensure that the company's policies and processes across all departments are adhered to. This is very different from an external auditor whose main focus is on checking the books.

2.5k is not high, but decent. Most companies will not differentiate fresh grad executives across different departments. You certainly should not use a big4 auditor as a benchmark, completely different roles.
yeah they dont differentiate fresh grad executives across different departments.

be it Finance dept, hr dept, marketing dept, they pay the same rate for freshies
Reply With Quote
  #6 (permalink)  
Old 28-09-2011, 05:42 PM
madgoat
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by villan1 View Post
yeah they dont differentiate fresh grad executives across different departments.

be it Finance dept, hr dept, marketing dept, they pay the same rate for freshies
Common practice.

One thing you should take into account is the reporting structure of your role. Many MNCs are moving into 2 tier matrix reporting for internal audit and if your company is headquartered in Europe / America, this could mean many late night or early morning telecon calls.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote

  #7 (permalink)  
Old 28-09-2011, 07:55 PM
Junior Member
 
Join Date: Sep 2011
Posts: 6
villan1 is on a distinguished road
Default

will a fresh grad be able to negotiate salary on the day of signing the contract?
Reply With Quote
  #8 (permalink)  
Old 29-09-2011, 10:06 AM
Junior Member
 
Join Date: Sep 2011
Posts: 6
villan1 is on a distinguished road
Default

anyone can help? thanks
Reply With Quote
  #9 (permalink)  
Old 29-09-2011, 10:57 AM
madgoat
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by villan1 View Post
anyone can help? thanks
Bad idea.

1) Frankly a fresh internal auditor is just another junior job, a company is unlikely to make exception if their policy for fresh grad is already 2500. In all honesty, internal audit isn't exactly a powerful or important department.

2)I assume you have verbally informed them that you will be coming down to sign contract. Doing a last minute stunt on the spot will piss off many people big time. They’ll have to engage various stakeholders and relook at internal equity, get approval etc. Even in the unlikely event you pull off, it sets you up for failure because you have offended quite a few people including your boss before you even start work.

Unless you are some hot potato (which I doubt seeing that you are considering joining a normal executive level job), I recommend you not try something like that. Either accept or reject the role upfront.
Reply With Quote
  #10 (permalink)  
Old 29-09-2011, 11:00 AM
Junior Member
 
Join Date: Sep 2011
Posts: 6
villan1 is on a distinguished road
Default

Quote:
Originally Posted by madgoat View Post
Bad idea.

1) Frankly a fresh internal auditor is just another junior job, a company is unlikely to make exception if their policy for fresh grad is already 2500. In all honesty, internal audit isn't exactly a powerful or important department.

2)I assume you have verbally informed them that you will be coming down to sign contract. Doing a last minute stunt on the spot will piss off many people big time. They’ll have to engage various stakeholders and relook at internal equity, get approval etc. Even in the unlikely event you pull off, it sets you up for failure because you have offended quite a few people including your boss before you even start work.

Unless you are some hot potato (which I doubt seeing that you are considering joining a normal executive level job), I recommend you not try something like that. Either accept or reject the role upfront.

Thanks for the advice.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Auditor in UOB roy82 Income and Jobs 11 19-05-2015 08:20 PM

» 30 Recent Threads
DBS tech seed programme ( 1 2 3... Last Page)
2,411 Replies, 654,638 Views
Lawyer Salary ( 1 2 3... Last Page)
17,435 Replies, 6,720,830 Views
Compare civil service salary ( 1 2 3... Last Page)
14,600 Replies, 9,243,396 Views
ST Electronics ( 1 2 3... Last Page)
2,984 Replies, 899,059 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
242 Replies, 265,758 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,084 Replies, 2,004,403 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,211 Replies, 925,858 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,039 Replies, 673,504 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
960 Replies, 602,113 Views
GovTech Tech Associate Program... ( 1 2 3... Last Page)
341 Replies, 120,732 Views
Career as Teacher ( 1 2 3... Last Page)
5,816 Replies, 3,667,175 Views
Polytechnic lecturer salary range ( 1 2 3)
29 Replies, 82,501 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,698 Replies, 2,616,668 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,261 Replies, 1,055,500 Views
SIA AO grades ( 1 2 3... Last Page)
90 Replies, 33,773 Views
Engineer Pay ( 1 2 3... Last Page)
503 Replies, 261,775 Views
crypto trading tech roles
9 Replies, 2,040 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,400 Replies, 2,401,395 Views
DBS ACE Programme ( 1 2 3... Last Page)
34 Replies, 4,101 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,193 Replies, 548,805 Views
High Finance Thread ( 1 2 3... Last Page)
1,359 Replies, 293,675 Views
HDB (under MND) ( 1 2 3... Last Page)
486 Replies, 447,257 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,650 Replies, 3,194,457 Views
Working Culture in IRAS ( 1 2 3... Last Page)
66 Replies, 117,354 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
138 Replies, 139,069 Views
DBS BANK Interview replies ( 1 2 3... Last Page)
433 Replies, 334,381 Views
GovTech ( 1 2 3... Last Page)
3,272 Replies, 924,424 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
994 Replies, 219,140 Views
Work culture in IHiS ( 1 2 3... Last Page)
345 Replies, 239,343 Views
Micron starting pay ( 1 2 3... Last Page)
525 Replies, 190,113 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:03 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2