An auditor is a person or a firm appointed by a company to execute an audit. To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications.
Below are salaries earned by Auditors In South Africa
A person working as an Auditor in South Africa typically earns around 31,000 ZAR per month. Salaries range from 16,100 ZAR (lowest) to 47,500 ZAR (highest).
This is the average monthly salary including housing, transport, and other benefits. Auditor salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Auditor Salary Distribution in South Africa
The median, the maximum, the minimum, and the range
Auditor salaries in South Africa range from 16,100 ZAR per month (minimum salary) to 47,500 ZAR per month (maximum salary).
The median salary is 29,800 ZAR per month, which means that half (50%) of people working as Auditor(s) are earning less than 29,800 ZAR while the other half are earning more than 29,800 ZAR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of auditors (s) are earning less than 20,700 ZAR while 75% of them are earning more than 20,700 ZAR. Also from the diagram, 75% of auditors (s) are earning less than 37,100 ZAR while 25% are earning more than 37,100 ZAR.
Auditor Salary Comparison by Years of Experience
How do experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down External Auditor salaries by experience level and this is what we found.
An External Auditor with less than two years of experience makes approximately 18,300 ZAR per month.
While someone with an experience level of between two and five years is expected to earn 24,600 ZAR per month, 34% more than someone with less than two years of experience.
Moving forward, an experience level between five and ten years lands a salary of 32,000 ZAR per month, 30% more than someone with two to five years of experience.
Additionally, External Auditor(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 38,700 ZAR per month, 21% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 42,300 ZAR per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 44,500 ZAR per month, 5% more than people with fifteen to twenty years of experience.
Auditors’ average salary changes by experience in South Africa
|0 – 2 Years||18,300 ZAR|
|2 – 5 Years||+34%||24,600 ZAR|
|5 – 10 Years||+30%||32,000 ZAR|
|10 – 15 Years||+21%||38,700 ZAR|
|15 – 20 Years||+9%||42,300 ZAR|
|20+ Years||+5%||44,500 ZAR|
Auditor Salary Comparison By Education
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down External Auditor salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of an External Auditor is 21,800 ZAR per month.
While someone with a Bachelor’s Degree gets a salary of 33,100 ZAR per month, 52% more than someone having a Certificate or Diploma degree.
A Master’s Degree gets its holder an average salary of 46,900 ZAR per month, 42% more than someone with a Bachelor’s Degree.
Auditors’ average salary difference by education level in South Africa
|Certificate or Diploma||21,800 ZAR|
|Bachelor’s Degree||+52%||33,100 ZAR|
|Master’s Degree||+42%||46,900 ZAR|
Auditor Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Auditor employees in South Africa earn 8% more than their female counterparts on average.
Auditor Average Annual Salary Increment Percentage in South Africa
How much are annual salary increments in South Africa for External Auditor(s)?
How often do employees get salary raises?
External auditors (s) in South Africa are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is