What are the career & job prospects in India and abroad for CIA?

Certified Internal auditor is an internationally recognized professional course. The certificate holder could escalate the value of the organization. The scope for internal audit in India is vast, with over 75,000 vacancies globally. In India, ever since the New Companies Act came into force in 2013, the industry expects a quantum jump in the requirement for professionals in the field of compliance and internal audit. There is a huge demand for Certified Internal Auditors (CIA), both, in large consulting firms as well as in corporates across India, which have their own internal audit departments. An individual is more likely to have higher salary being a specialized professional in the field of auditing. The focus throughout the journey is on managing the internal audit project and concluding the concepts related to internal risk, control, governance, and technology. Salary as a certified internal auditor will depend on your level of experience. Typically, there is a wide range of salaries between junior auditors, senior auditors and audit managers. The average salary for a CIA is approximately $64,000.

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The Certified internal auditor is a course which is offered by Institute of Internal Auditors (USA based). This is a highly recognized course for internal audit and the basic object of this course is to teach different areas on how to manage internal control of a company. After completing this course, candidates can get a job in either MNCs or big IT companies in India or abroad. But, after having a look at the present situation, it is advised to pursue CA/CWA/CS along with CIA certification to have a better career. Early in your career, it is important to have the basic skills to review an organizations processes, operations and goals, and offer clear summary reports of your findings. Most positions are tailored toward fresh college graduates, who rather (but not always required to) hold a Bachelors degree in accounting, finance, business administration or computer information systems. Salary Potential: $31,000 to $66,000 Lead Internal Auditors With roughly five years of Internal Audit involvement under the belt, the candidates are expected to demonstrate an understanding of the company as well as industry best practices. Salary Potential: $64,000 to $81,000 Internal Audit Supervisors With more experience often with eight years least in the industry comes more oversight and administration of the auditors on staff. The candidates are expected to assist in the planning, testing and executing of internal audit activities, and examine and monitor the firm's system of internal controls. Salary Potential: $81,000 to $110,000 Internal Audit Executives At this point in your career, after more than a decade experience, the candidate may be overseeing the internal audit department as well as participating in management and execution of audit plans, and lead and direct the audit team. Salary Potential: $76,000 to $130,000

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