Average Internal Auditor Salary in Cape Verde for 2024

In this article, we will look at the average Internal Auditor salary for 2024 in Cape Verde and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Cape Verdean escudo. To keep things simple, we are using the CVE currency code instead of the currency symbol Esc.

How Much Does an Internal Auditor Make in Cape Verde?

An Internal Auditor working in Cape Verde will typically earn around 2,266,400 CVE per year, and this can range from the lowest average salary of about 1,109,600 CVE to the highest average salary of 3,529,600 CVE.

Average Annual Salary
2,266,400 CVE
Average Monthly Salary
188,866 CVE

Lowest Annual Salary
1,109,600 CVE
Lowest Monthly Salary
92,466 CVE

Highest Annual Salary
3,529,600 CVE
Highest Monthly Salary
294,133 CVE

These are average salaries for an Internal Auditor in Cape Verde and include benefits such as housing and transport. It's also possible for an Internal Auditor to earn more or less than the average salaries shown above.

Internal Auditor salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Internal Auditor Salaries in Cape Verde

So we've looked at the average salaries an Internal Auditor will earn in Cape Verde. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Internal Auditor can earn between 1,109,600 CVE and 3,529,600 CVE on average in Cape Verde. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Internal Auditor in Cape Verde is 2,304,300 CVE. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,304,300 CVE, and 50% of the population earn more than 2,304,300 CVE.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Internal Auditor salary in Cape Verde, 25% of the population are earning less than 1,537,500 CVE while 75% of the population earn more than 1,537,500 CVE.

75% of the population earn less than 2,976,900 CVE, and 25% of the population earn more than 2,976,900 CVE.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Internal Auditor Salary by Experience Level in Cape Verde

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average internal auditor salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Internal Auditor in Cape Verde that has less than two years of experience can expect to earn somewhere in the region of 1,320,500 CVE.
  • 2 - 5 Years Experience. With two to five years of experience the average Internal Auditor salary would increase to 1,693,600 CVE.
  • 5 - 10 Years Experience. From five to ten years of experience as an Internal Auditor, the average salary would be 2,327,100 CVE.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,893,600 CVE.
  • 15 - 20 Years Experience. An Internal Auditor with 15 to 20 years of experience can earn an average of 3,094,100 CVE.
  • 20+ Years Experience. For an Internal Auditor with more than 20 years, the expected average salary increases to 3,299,800 CVE.

Average Salary by Experience Chart

0-2 Years
1,320,500 CVE
2-5 Years +29%
1,693,600 CVE
5-10 Years +38%
2,327,100 CVE
10-15 Years +24%
2,893,600 CVE
15-20 Years +7%
3,094,100 CVE
20+ Years +7%
3,299,800 CVE

Internal Auditor Salary by Education Level in Cape Verde

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Internal Auditor in Cape Verde based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Internal Auditor in Cape Verde with a certificate or diploma education can earn an average salary of 1,693,600 CVE.

  • Bachelor's Degree. An Internal Auditor in Cape Verde with a bachelor's degree education can earn an average salary of 2,266,400 CVE.

  • Master's Degree. An Internal Auditor in Cape Verde with a master's degree education can earn an average salary of 3,481,100 CVE.

Average Salary by Education Chart

Certificate or Diploma
1,693,600 CVE
Bachelor's Degree +34%
2,266,400 CVE
Master's Degree +53%
3,481,100 CVE

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Cape Verde is around 1,020,000 to 3,060,000 CVE and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Internal Auditor Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Cape Verde, a male internal auditor will earn an average of 2,352,500 CVE, while a female internal auditor will earn around 2,136,200 CVE.

This means that a male internal auditor earns approximately 10% more than a female internal auditor for performing the same job.

Average Salary by Gender Chart in Cape Verde

Male
2,352,500 CVE
Female -10%
2,136,200 CVE

Internal Auditor Average Pay Raise in Cape Verde

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Internal Auditor in Cape Verde is around 7% every 29 months.

The national average pay raise across all professions and industries in Cape Verde is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 29 ) × 12  = 3%

What this means is that an Internal Auditor in Cape Verde can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Cape Verde for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Cape Verde.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Internal Auditor Bonus and Incentive Rates in Cape Verde

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Internal Auditor is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
38%
No Bonus
62%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Cape Verde earn approximately 14% more than private sector employees in the same role.

Public Sector
2,653,700 CVE
Private Sector -14%
2,327,100 CVE

Salaries for Jobs Similar to an Internal Auditor

In the table below, we have salary information for jobs that are similar to an Internal Auditor in Cape Verde.

Job Title Category Salary
Account Examiner Accounting and Finance 1,283,600 CVE
Account Executive Accounting and Finance 2,136,200 CVE
Accountant Accounting and Finance 1,645,600 CVE
Accounting Analyst Accounting and Finance 2,184,900 CVE
Accounting Assistant Accounting and Finance 1,345,400 CVE
Accounting Associate Accounting and Finance 1,212,800 CVE
Accounting Clerk Accounting and Finance 1,050,100 CVE
Accounting Coordinator Accounting and Finance 1,547,500 CVE
Accounting Head Accounting and Finance 3,373,200 CVE
Accounting Manager Accounting and Finance 3,648,200 CVE
Accounting Officer Accounting and Finance 1,235,600 CVE
Accounting Specialist Accounting and Finance 2,362,300 CVE
Accounting Supervisor Accounting and Finance 2,495,600 CVE
Accounting Technician Accounting and Finance 1,273,300 CVE
Accounting Unit Controller Accounting and Finance 2,807,200 CVE
Accounts Executive Accounting and Finance 2,124,400 CVE
Accounts Officer Accounting and Finance 1,417,600 CVE
Accounts Payable and Receivable Specialist Accounting and Finance 1,741,800 CVE
Accounts Payable Assistant Accounting and Finance 1,345,400 CVE
Accounts Payable Associate Accounting and Finance 1,594,500 CVE
Accounts Payable Clerk Accounting and Finance 1,333,900 CVE
Accounts Payable Manager Accounting and Finance 3,312,100 CVE
Accounts Receivable Administrator Accounting and Finance 2,629,100 CVE
Accounts Receivable Clerk Accounting and Finance 1,296,900 CVE
Accounts Receivable Financial Analyst Accounting and Finance 2,352,500 CVE
Accounts Receivable Manager Accounting and Finance 3,529,600 CVE
Accounts Receivable Team Leader Accounting and Finance 2,435,600 CVE
Assistant Accountant Accounting and Finance 1,345,400 CVE
Assistant Accounting Manager Accounting and Finance 3,205,100 CVE
Assistant Auditor Accounting and Finance 1,751,700 CVE
Assistant Corporate Controller Accounting and Finance 2,339,200 CVE
Assistant Finance Manager Accounting and Finance 3,781,400 CVE
Assistant Financial Controller Accounting and Finance 2,242,500 CVE
Audit Director Accounting and Finance 3,792,300 CVE
Audit Supervisor Accounting and Finance 3,299,800 CVE
Auditing Clerk Accounting and Finance 1,417,600 CVE
Auditing Manager Accounting and Finance 3,601,500 CVE
Billing Clerk Accounting and Finance 1,369,700 CVE
Billing Coordinator Accounting and Finance 1,537,500 CVE
Billing Specialist Accounting and Finance 1,835,700 CVE
Billing Supervisor Accounting and Finance 2,688,800 CVE
Bookkeeper Accounting and Finance 1,088,800 CVE
Bookkeeping Specialist Accounting and Finance 1,728,900 CVE
Budget Analyst Accounting and Finance 2,964,800 CVE
Budget Manager Accounting and Finance 3,685,200 CVE
Business Support Analyst Accounting and Finance 1,980,600 CVE
Capital Markets Associate Accounting and Finance 2,533,800 CVE
Cash Flow Analyst Accounting and Finance 2,533,800 CVE
Cash Management Manager Accounting and Finance 3,455,900 CVE
Cash Management Officer Accounting and Finance 2,086,500 CVE
Cashbook Clerk Accounting and Finance 1,125,500 CVE
Chartered Accountant Accounting and Finance 2,184,900 CVE
Chief Accountant Accounting and Finance 2,566,100 CVE
Collections Clerk Accounting and Finance 1,109,200 CVE
Collections Representative Accounting and Finance 1,537,500 CVE
Collections Specialist Accounting and Finance 1,741,800 CVE
Corporate Controller Accounting and Finance 2,807,200 CVE
Corporate Treasurer Accounting and Finance 3,253,900 CVE
Cost Accountant Accounting and Finance 1,765,300 CVE
Cost Accounting Manager Accounting and Finance 3,514,400 CVE
Cost Accounting Supervisor Accounting and Finance 2,782,600 CVE
Cost Analyst Accounting and Finance 2,653,700 CVE
Credit and Collection Manager Accounting and Finance 3,564,300 CVE
Credit and Collection Staff Accounting and Finance 1,333,900 CVE
Credit and Loans Officer Accounting and Finance 1,249,900 CVE
Credit Controller Accounting and Finance 2,411,500 CVE
Credit Manager Accounting and Finance 3,745,100 CVE
Debt Adviser Accounting and Finance 2,831,100 CVE
Debt Collector Accounting and Finance 1,428,800 CVE
Debtors Clerk Accounting and Finance 1,138,300 CVE
Debtors Controller Accounting and Finance 1,235,600 CVE
Deputy CFO Accounting and Finance 4,799,700 CVE
Deputy Head of Finance Accounting and Finance 4,690,500 CVE
Derivative Trader Accounting and Finance 3,108,200 CVE
Director of Finance Accounting and Finance 5,209,200 CVE
Economist Accounting and Finance 3,970,700 CVE
Equity Analyst Accounting and Finance 2,998,500 CVE
Escrow Assistant Accounting and Finance 1,510,400 CVE
Executive Accountant Accounting and Finance 1,908,800 CVE
External Auditor Accounting and Finance 2,519,500 CVE
Finance Administrator Accounting and Finance 2,100,900 CVE
Finance Analyst Accounting and Finance 3,085,500 CVE
Finance Associate Accounting and Finance 1,476,700 CVE
Finance Director Accounting and Finance 5,183,700 CVE
Finance Executive Accounting and Finance 3,817,500 CVE
Finance Licensing Clerk Accounting and Finance 1,235,600 CVE
Finance Licensing Manager Accounting and Finance 3,406,900 CVE
Finance Licensing Specialist Accounting and Finance 1,811,000 CVE
Finance Manager Accounting and Finance 4,633,100 CVE
Finance Officer Accounting and Finance 1,703,200 CVE
Finance President Accounting and Finance 5,111,100 CVE
Finance Relationship Manager Accounting and Finance 4,056,200 CVE
Finance Release Analyst Accounting and Finance 1,896,700 CVE
Finance Specialist Accounting and Finance 2,844,200 CVE
Finance Team Leader Accounting and Finance 3,863,700 CVE
Financial Accountant Accounting and Finance 1,668,900 CVE
Financial Actuary Accounting and Finance 2,773,700 CVE
Financial Administrator Accounting and Finance 2,928,100 CVE
Financial Advisor Accounting and Finance 3,239,400 CVE
Financial Analyst Accounting and Finance 2,998,500 CVE
Financial Applications Specialist Accounting and Finance 2,173,000 CVE
Financial Assistant Accounting and Finance 1,450,700 CVE
Financial Associate Accounting and Finance 1,380,400 CVE
Financial Associate Accounting and Finance 1,606,100 CVE
Financial Claims Analyst Accounting and Finance 2,401,300 CVE
Financial Claims Manager Accounting and Finance 2,987,000 CVE
Financial Claims Supervisor Accounting and Finance 2,878,300 CVE
Financial Clerk Accounting and Finance 1,306,100 CVE
Financial Commercial Analyst Accounting and Finance 2,435,600 CVE
Financial Compliance Analyst Accounting and Finance 2,914,600 CVE
Financial Consultant Accounting and Finance 2,290,300 CVE
Financial Controller Accounting and Finance 2,711,900 CVE
Financial Controller Accounting and Finance 2,794,600 CVE
Financial Coordinator Accounting and Finance 1,655,500 CVE
Financial Customer Service Manager Accounting and Finance 3,094,100 CVE
Financial Dealer and Broker Accounting and Finance 1,921,500 CVE
Financial Director Accounting and Finance 5,029,900 CVE
Financial Encoder Accounting and Finance 1,417,600 CVE
Financial Manager Accounting and Finance 4,618,200 CVE
Financial Manager Accounting and Finance 4,981,700 CVE
Financial Operations Manager Accounting and Finance 4,429,300 CVE
Financial Policy Analyst Accounting and Finance 2,593,900 CVE
Financial Project Manager Accounting and Finance 3,648,200 CVE
Financial Quantitative Analyst Accounting and Finance 3,047,800 CVE
Financial Reporting Consultant Accounting and Finance 2,485,800 CVE
Financial Reporting Manager Accounting and Finance 3,192,300 CVE
Financial Section Head Accounting and Finance 3,469,900 CVE
Financial Services Manager Accounting and Finance 4,260,400 CVE
Financial Services Sales Agent Accounting and Finance 1,921,500 CVE
Fixed Assets Administrator Accounting and Finance 1,811,000 CVE
Forensic Accountant Accounting and Finance 2,052,200 CVE
Fraud Detection Supervisor Accounting and Finance 2,173,000 CVE
Fraud Prevention Manager Accounting and Finance 3,373,200 CVE
Fund Accountant Accounting and Finance 1,645,600 CVE
Grants Coordinator Accounting and Finance 1,249,900 CVE
Group Financial Manager Accounting and Finance 5,161,100 CVE
Internal Control Adviser Accounting and Finance 2,773,700 CVE
Internal Control Officer Accounting and Finance 1,440,700 CVE
International Tax Director Accounting and Finance 4,249,700 CVE
Inventory Accountant Accounting and Finance 1,858,200 CVE
Investment Advisor Accounting and Finance 4,799,700 CVE
Investment Analyst Accounting and Finance 3,323,300 CVE
Investment Associate Accounting and Finance 3,047,800 CVE
Investment Broker Accounting and Finance 2,941,000 CVE
Investment Fund Manager Accounting and Finance 3,817,500 CVE
Investment Operations Manager Accounting and Finance 4,056,200 CVE
Investment Underwriter Accounting and Finance 1,510,400 CVE
Investor Accounting and Finance 2,161,200 CVE
Investor Relations Manager Accounting and Finance 3,503,800 CVE
KYC Team Leader Accounting and Finance 3,395,900 CVE
Loan Processor Accounting and Finance 1,391,600 CVE
Management Accountant Accounting and Finance 1,980,600 CVE
Management Economist Accounting and Finance 4,056,200 CVE
Paymaster Accounting and Finance 1,357,900 CVE
Payroll Administrator Accounting and Finance 2,290,300 CVE
Payroll Benefits Coordinator Accounting and Finance 1,896,700 CVE
Payroll Billing Manager Accounting and Finance 3,263,500 CVE
Payroll Clerk Accounting and Finance 1,583,700 CVE
Payroll Manager Accounting and Finance 3,118,900 CVE
Payroll Officer Accounting and Finance 1,464,200 CVE
Payroll Specialist Accounting and Finance 1,811,000 CVE
Payroll Supervisor Accounting and Finance 2,254,400 CVE
Pensions Administrator Accounting and Finance 1,846,200 CVE
Personal Financial Advisor Accounting and Finance 2,698,900 CVE
Pricing Analyst Accounting and Finance 2,831,100 CVE
Private Equity Analyst Accounting and Finance 3,013,500 CVE
Project Accountant Accounting and Finance 1,858,200 CVE
Proposal Development Coordinator Accounting and Finance 1,547,500 CVE
Receivables Accountant Accounting and Finance 1,583,700 CVE
Regulatory Accountant Accounting and Finance 1,811,000 CVE
Retirement Plan Analyst Accounting and Finance 2,807,200 CVE
Revenue Management Specialist Accounting and Finance 2,748,900 CVE
Revenue Recognition Analyst Accounting and Finance 3,168,300 CVE
Risk Management Director Accounting and Finance 4,079,300 CVE
Risk Management Supervisor Accounting and Finance 3,490,200 CVE
Staff Accountant Accounting and Finance 1,741,800 CVE
Tax Accountant Accounting and Finance 1,668,900 CVE
Tax Administrator Accounting and Finance 1,967,000 CVE
Tax Advisor Accounting and Finance 2,617,900 CVE
Tax Analyst Accounting and Finance 2,724,700 CVE
Tax Associate Accounting and Finance 1,405,700 CVE
Tax Consultant Accounting and Finance 2,662,900 CVE
Tax Director Accounting and Finance 4,032,100 CVE
Tax Examiner Accounting and Finance 1,835,700 CVE
Tax Manager Accounting and Finance 3,385,800 CVE
Tax Research Manager Accounting and Finance 3,514,400 CVE
Teller Accounting and Finance 1,069,900 CVE
Treasury Accountant Accounting and Finance 1,811,000 CVE
Treasury Analyst Accounting and Finance 2,998,500 CVE
Underwriter Accounting and Finance 1,235,600 CVE
Underwriting Assistant Accounting and Finance 1,097,500 CVE
Vice President of Finance Accounting and Finance 4,822,700 CVE

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