| View Related Salaries: |
What does an External Auditor earn?
External Auditors are responsible for reviewing the financial records of companies to ensure accuracy, reliability, and compliance with internal control procedures. On average, they can expect to earn around £45,600 per year in the UK. Externals Auditors often work with a wide range of clients, from sole traders to large corporations, to provide comprehensive audit services that help detect and prevent fraud and mismanagement of funds. They may specialise in a particular sector such as public sector, insurance, banking, or healthcare.
How to earn more as an External Auditor
To become an external auditor, you will need to gain a degree in accounting, business management, or finance. Alternatively, you may be able to take an apprenticeship to become a qualified auditor. To increase your earning potential, you could specialise in particular areas, such as financial auditing, or become a manager in a finance business. You could also become self-employed and set up your own auditing firm. Highly experienced and qualified external auditors can make over £70,000 a year.
Min: £23,732.00 Max: £70,000.00
Average External Auditor Salary in UK : £45,634.37
Read about External Auditor salaries, related jobs and salary information across the UK
External Auditor Salary data from the ONS
Minimum
Median
Maximum
Age Group
Recommended External Auditor Jobs in UK
Average Salary for External Auditor compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Auditing Clerk Salary in UK | £28,230.29 |
| Auditor Salary in UK | £29,748.84 |
| Audit Manager Salary in UK | £38,667.66 |
| Business Auditor Salary in UK | £46,870.74 |
| Internal Auditor Salary in UK | £48,859.03 |
| Audit Financial Manager Salary in UK | £61,128.37 |
Salary by Region
Compare External Auditor salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £46,294.00 |
| East Midlands | £34,681.82 |
| Eastern | £33,650.00 |
| London | £58,429.71 |
| North West | £38,277.10 |
| South East | £33,028.77 |
| South West | £33,950.00 |
| West Midlands | £34,954.55 |
| Yorkshire and the Humber | £34,033.50 |
Annual Job Ads by Region
Understanding the Average External Auditor Salary in the UK
As an external auditor in the UK, it is important to have a clear understanding of the average salary in this field. According to average Accounting salaries, the average salary for an external auditor in the UK is £45,600 per year. This figure can vary depending on factors such as experience, qualifications, and the size of the company you work for.
Salary Expectations for Newly Qualified External Auditor
If you are a newly qualified external auditor, you can expect a competitive salary that reflects your skills and qualifications. To find the latest job opportunities and salary expectations for this role, you can visit the job search section.
Salaries for Experienced External Auditor
Experienced external auditors in the UK can earn higher salaries due to their expertise and track record. The salary range for experienced professionals in this field is typically between £23,700 and £70,000 per year. This range can vary depending on factors such as the industry you work in and the size of the company.
Creating an External Auditor CV
When applying for external auditor positions, it is crucial to have a well-crafted CV that highlights your skills and experience. To help you create an impressive CV, you can use the CV template specifically designed for external auditors. This template will guide you in showcasing your qualifications and achievements in a professional manner.
Career Development Opportunities for External Auditor
As an external auditor, there are various career development opportunities available to help you progress in your profession. To explore these opportunities and gain valuable insights, you can refer to the career advice section. This resource provides guidance on how to enhance your skills, expand your knowledge, and advance your career as an external auditor.
Comprehensive Compensation for External Auditor
Being an external auditor comes with comprehensive compensation packages that go beyond just the basic salary. These packages may include benefits such as health insurance, retirement plans, and performance bonuses. The specific details of the compensation package can vary depending on the company you work for and your level of experience.
Strategies for Increasing Your Salary as an External Auditor
If you are looking to increase your salary as an external auditor, there are several strategies you can employ. These include gaining additional qualifications, taking on more responsibilities, and seeking opportunities for professional development. By continuously improving your skills and demonstrating your value to employers, you can negotiate for higher salaries and better compensation packages.
Professional Development and Earnings
Investing in your professional development as an external auditor can have a direct impact on your earnings. By staying updated with the latest industry trends, regulations, and technologies, you can enhance your expertise and become a more valuable asset to employers. This can lead to promotions, salary increases, and better career prospects in the long run.
Capitalising on Extra Hours and Duties
As an external auditor, there may be opportunities to earn additional income by taking on extra hours or duties. Some companies offer overtime pay or bonuses for working beyond regular office hours or taking on additional responsibilities. By capitalising on these opportunities, you can further boost your earnings as an external auditor.
