Across the continent, IT auditors are paid similarly to accountants or FP&A analysts. There is room for advancement and a ladder for specialist salaries. Yet, unique to IT Audit, the salaries are competitive enough to attract financial and tech talent.
The financial and tech hubs, like London, Paris, Frankfurt, and Amsterdam, will draw higher salaries. But hybrid workforces and a more recognised demand have pressured employers to decentralize. They must keep up competitive salaries and widen their job offers. Yet, as discussed below, fully remote auditor roles are almost impossible.
Most European countries pay between €30,000 and €50,000 per annum as the base rate salary for an IT auditor, with only the UK paying above-average rates. Yet, the role is specialist. It requires knowledge of HR, training, internal controls, and IT. An IT auditor career offers huge opportunities for fast salary growth both inside and outside the audit sector.
Location vs Commercial Auditing Centres
Traditional auditing is known for its subtle, consistent in-person presence. It checks systems, internal controls, and communication. It is close to management and decision-making. Yet, COVID-19 shifted much of the onus of auditing to remote working (as much as possible), and the future of auditing will, to some degree, remain hybrid. Like financial auditing, IT auditing is in high demand. This is because the digital world is expanding and digital vulnerabilities are growing. It’s wise for IT audit recruiters and HR teams to cast a wide net to create an inclusive IT audit culture. Yet, in-person L&D, training, and consulting in IT auditing will always need in-person training.
Location, in this regard, will play a massive role in who you will work with and where you will work.
Job and Career Growth
With senior IT auditing roles paying up to €60,000 annually, there’s a huge potential for progression with every audit that’s finished. Beyond a CISA and CISM qualification, an associate position at one of the Big 4 lets an IT auditor move up to senior and managerial positions.
Due to the talent shortage in the IT audit industry, careers outside of the Big 4 and in the commercial sectors are practically guaranteed. A career as a systems engineer, IT technician, or network engineer is another entry point into IT auditing. It provides the experience to open doors. These include the information security, cyber security, technology risk, and assurance industries. They should be considered attractive.
See also Finance Manager Salary & Pay here.
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