Is certified internal auditor a good career path? A short guide.
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Is certified internal auditor a good career path?
Reviews and data show that according to the Bureau of Labor Statistics, the job outlook for auditors, including certified internal auditors, is expected to grow 4% from 2019 to 2029, which is about as fast as the average for all occupations. Additionally, certified internal auditors are in demand in various industries, including finance, healthcare, and government. They also have the potential to earn a high salary and have opportunities for career advancement. Therefore, becoming a certified internal auditor can be a good career path for those interested in the field of auditing and finance.
Types of jobs in certified internal auditor
What do jobs in the US and UK pay in certified internal auditor
According to Payscale, the average salary for a Certified Internal Auditor (CIA) in the United States is $81,000 per year, while in the United Kingdom, it is £45,000 per year. However, salaries can vary depending on factors such as experience, location, and industry.
What are the downsides of a career in certified internal auditor
A career in certified internal auditor can be a challenging and rewarding one, but it also comes with its downsides. One of the main downsides is the high level of responsibility that comes with the job. As a certified internal auditor, you are responsible for ensuring that a company's financial statements are accurate and that the company is complying with all relevant laws and regulations. This can be a stressful and demanding job, as any mistakes or oversights can have serious consequences for the company and its stakeholders.
Another downside of a career in certified internal auditor is the long hours and high workload. Internal auditors often work long hours, especially during busy periods such as audits or financial reporting periods. This can lead to a poor work-life balance and can be challenging for those with families or other commitments outside of work.
Finally, a career in certified internal auditor can be quite competitive, with many qualified candidates vying for a limited number of positions. This can make it difficult to advance in your career or to find new job opportunities if you decide to move on from your current position.
What are the fastest growing jobs in certified internal auditor
According to the Bureau of Labor Statistics, the employment of auditors and accountants, including certified internal auditors, is projected to grow 6% from 2018 to 2028, which is about as fast as the average for all occupations. This growth is due to increased scrutiny of company finances and accounting procedures, as well as the need for organizations to comply with new financial regulations. Within the field of internal auditing, specific areas of growth may include risk management, compliance, and information technology auditing.
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