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What does an Audit Manager earn?
An Audit Manager typically earns around £38,700 per year in the UK. Their role involves overseeing the financial reporting process to ensure accuracy and compliance with relevant laws and regulations. They work closely with clients to ensure that their financial records are accurate and up to date, as well as identifying any potential fraud or discrepancies. An Audit Manager can choose to specialise in certain fields such as IT audit, financial audit, or risk management audit.
How to earn more as an Audit Manager
"If you want to become an Audit Manager, you'll need to gain experience in a related field such as accountancy, finance or business management. You can get this experience either through a degree apprenticeship program or by gaining extra qualifications such as a professional audit qualification. As a senior Audit Manager, you can expect to earn up to £57,500 a year. It's also possible to become self-employed or set up your own auditing firm, allowing you to potentially have even more earnings potential.
Min: £20,500.00 Max: £57,500.00
Average Audit Manager Salary in UK : £38,667.66
Read about Audit Manager salaries, related jobs and salary information across the UK
Audit Manager Salary data from the ONS
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Recommended Audit Manager Jobs in UK
Average Salary for Audit Manager compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Auditing Clerk Salary in UK | £28,245.26 |
| Auditor Salary in UK | £30,103.27 |
| External Auditor Salary in UK | £44,634.60 |
| Business Auditor Salary in UK | £45,870.67 |
| Internal Auditor Salary in UK | £48,859.03 |
| Audit Financial Manager Salary in UK | £61,111.61 |
Salary by Region
Compare Audit Manager salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £40,248.83 |
| Eastern | £46,352.43 |
| London | £56,805.55 |
| South East | £27,911.97 |
| South West | £38,271.31 |
| West Midlands | £38,003.13 |
Annual Job Ads by Region
Understanding the Average Audit Manager Salary in the UK
As an Audit Manager in the UK, it's important to have a clear understanding of the average salary in this field. According to average Accounting salaries, the average salary for an Audit Manager in the UK is £38,700 per year. This figure can vary depending on factors such as location, experience, and the size of the company you work for.
Salary Expectations for Newly Qualified Audit Manager
If you're a newly qualified Audit Manager, you may be wondering what salary you can expect. To get an idea of the current market rates, it's recommended to explore the latest job listings on job search websites. These platforms often provide salary ranges for different levels of experience, allowing you to gauge your earning potential as a newly qualified Audit Manager.
Salaries for Experienced Audit Manager
As you gain more experience as an Audit Manager, your salary is likely to increase. Experienced Audit Managers in the UK can earn anywhere between £20,500 and £57,500 per year. This higher salary range reflects the expertise and leadership skills that come with years of experience in the field.
Creating an Audit Manager CV
When applying for Audit Manager positions, having a well-crafted CV is essential. To ensure your CV stands out from the competition, you can use a professional CV template specifically designed for Audit Managers. This template will help you highlight your relevant skills, qualifications, and experience, increasing your chances of landing your desired job.
Career Development Opportunities for Audit Manager
As an Audit Manager, there are various career development opportunities available to you. Whether you want to specialize in a specific industry or move up the corporate ladder, seeking career advice can provide valuable insights and guidance. By continuously improving your skills and knowledge, you can enhance your earning potential and open doors to new and exciting opportunities.
Comprehensive Compensation for Audit Manager
Aside from the base salary, Audit Managers in the UK may also receive additional compensation in the form of bonuses, profit-sharing, or benefits packages. These comprehensive compensation packages can significantly contribute to your overall earnings and job satisfaction. It's important to consider these factors when evaluating your total compensation as an Audit Manager.
Strategies for Increasing Your Salary as an Audit Manager
If you're looking to increase your salary as an Audit Manager, there are several strategies you can employ. These include continuously updating your skills and certifications, taking on additional responsibilities, and seeking promotions within your organization. By demonstrating your value and expertise, you can negotiate for higher salaries and better compensation packages.
Professional Development and Earnings
Investing in your professional development can have a direct impact on your earnings as an Audit Manager. By attending industry conferences, pursuing advanced certifications, and staying up-to-date with the latest trends and regulations, you can position yourself as a highly skilled and sought-after professional. This can lead to higher salaries, better job opportunities, and increased earning potential in the long run.
Capitalizing on Extra Hours and Duties
As an Audit Manager, you may occasionally be required to work extra hours or take on additional duties. While this may seem demanding, it can also present opportunities for increased earnings. Some companies offer overtime pay or bonuses for working beyond regular hours. Additionally, taking on extra responsibilities can showcase your dedication and competence, making you a strong candidate for promotions and salary advancements.
