Average Internal Bank Auditor Salary in Macedonia for 2024

In this article, we will look at the average Internal Bank Auditor salary for 2024 in Macedonia 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 denar. To keep things simple, we are using the MKD currency code instead of the currency symbol den.

How Much Does an Internal Bank Auditor Make in Macedonia?

An Internal Bank Auditor working in Macedonia will typically earn around 575,100 MKD per year, and this can range from the lowest average salary of about 297,000 MKD to the highest average salary of 878,900 MKD.

Average Annual Salary
575,100 MKD
Average Monthly Salary
47,925 MKD

Lowest Annual Salary
297,000 MKD
Lowest Monthly Salary
24,750 MKD

Highest Annual Salary
878,900 MKD
Highest Monthly Salary
73,241 MKD

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

Internal Bank 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 Bank Auditor Salaries in Macedonia

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

Salary ranges

We already know that an Internal Bank Auditor can earn between 297,000 MKD and 878,900 MKD on average in Macedonia. 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 Bank Auditor in Macedonia is 551,200 MKD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 551,200 MKD, and 50% of the population earn more than 551,200 MKD.

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 Bank Auditor salary in Macedonia, 25% of the population are earning less than 384,200 MKD while 75% of the population earn more than 384,200 MKD.

75% of the population earn less than 687,100 MKD, and 25% of the population earn more than 687,100 MKD.

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 Bank Auditor Salary by Experience Level in Macedonia

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 bank 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 Bank Auditor in Macedonia that has less than two years of experience can expect to earn somewhere in the region of 340,400 MKD.
  • 2 - 5 Years Experience. With two to five years of experience the average Internal Bank Auditor salary would increase to 455,400 MKD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Internal Bank Auditor, the average salary would be 592,600 MKD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 718,000 MKD.
  • 15 - 20 Years Experience. An Internal Bank Auditor with 15 to 20 years of experience can earn an average of 782,500 MKD.
  • 20+ Years Experience. For an Internal Bank Auditor with more than 20 years, the expected average salary increases to 821,500 MKD.

Average Salary by Experience Chart

0-2 Years
340,400 MKD
2-5 Years +34%
455,400 MKD
5-10 Years +30%
592,600 MKD
10-15 Years +21%
718,000 MKD
15-20 Years +9%
782,500 MKD
20+ Years +5%
821,500 MKD

Internal Bank Auditor Salary by Education Level in Macedonia

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 Bank Auditor in Macedonia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Internal Bank Auditor in Macedonia with a bachelor's degree education can earn an average salary of 478,000 MKD.

  • Master's Degree. An Internal Bank Auditor in Macedonia with a master's degree education can earn an average salary of 663,100 MKD.

Average Salary by Education Chart

Bachelor's Degree
478,000 MKD
Master's Degree +39%
663,100 MKD

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 Macedonia is around 230,000 to 689,000 MKD 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 Bank 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 Macedonia, a male internal bank auditor will earn an average of 592,600 MKD, while a female internal bank auditor will earn around 558,300 MKD.

This means that a male internal bank auditor earns approximately 6% more than a female internal bank auditor for performing the same job.

Average Salary by Gender Chart in Macedonia

Male
592,600 MKD
Female -6%
558,300 MKD

Internal Bank Auditor Average Pay Raise in Macedonia

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 Bank Auditor in Macedonia is around 8% every 28 months.

The national average pay raise across all professions and industries in Macedonia 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 = ( 8 ÷ 28 ) × 12  = 3%

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

Annual Pay Raise by Industry in Macedonia for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Internal Bank Auditor Bonus and Incentive Rates in Macedonia

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 Bank Auditor is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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 6% to 8%.

Received Bonus
60%
No Bonus
40%

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 Macedonia earn approximately 10% more than private sector employees in the same role.

Public Sector
573,500 MKD
Private Sector -10%
519,300 MKD

Salaries for Jobs Similar to an Internal Bank Auditor

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

Job Title Category Salary
AML Analyst Banking 870,700 MKD
Assistant Bank Branch Manager Banking 735,200 MKD
Assistant Bank Manager Banking 1,006,300 MKD
ATM Manager Banking 791,200 MKD
ATM Service Technician Banking 225,700 MKD
Bank Accounts Analyst Banking 330,700 MKD
Bank Accounts Collector Banking 207,800 MKD
Bank Accounts Controller Banking 399,900 MKD
Bank Accounts Executive Banking 612,500 MKD
Bank Accounts Manager Banking 725,700 MKD
Bank Auditing Manager Banking 743,300 MKD
Bank Branch Manager Banking 976,300 MKD
Bank Branch Operations Coordinator Banking 437,300 MKD
Bank Clerk Banking 185,100 MKD
Bank Client Service Associate Banking 268,900 MKD
Bank Collector Banking 191,600 MKD
Bank Compliance Specialist Banking 522,700 MKD
Bank Manager Banking 1,192,400 MKD
Bank Operational Risk Manager Banking 1,162,300 MKD
Bank Operations Head Banking 1,152,700 MKD
Bank Operations Officer Banking 451,000 MKD
Bank Operations Specialist Banking 765,100 MKD
Bank Process Manager Banking 687,100 MKD
Bank Product Manager Banking 752,600 MKD
Bank Programme Manager Banking 802,400 MKD
Bank Project Manager Banking 974,600 MKD
Bank Propositions Manager Banking 828,400 MKD
Bank Quantitative Analyst Banking 583,000 MKD
Bank Regional Manager Banking 1,224,800 MKD
Bank Regional Risk Officer Banking 627,900 MKD
Bank Relationship Manager Banking 922,900 MKD
Bank Relationship Officer Banking 407,100 MKD
Bank Teller Banking 209,500 MKD
Banker Banking 420,800 MKD
Banking Business Analyst Banking 625,000 MKD
Banking Business Development Officer Banking 378,300 MKD
Banking Business Planning Executive Banking 899,900 MKD
Banking Product Manager Banking 761,400 MKD
Banking Reference Data Manager Banking 645,800 MKD
Banking Risk Analyst Banking 602,700 MKD
Banking Technical Analyst Banking 322,600 MKD
Bankruptcy Coordinator Banking 420,800 MKD
Bill and Account Collector Banking 209,700 MKD
Budget Analyst Banking 623,200 MKD
Capital Risk Manager Banking 1,196,900 MKD
Cards Marketing Manager Banking 778,500 MKD
Cash Management Manager Banking 1,084,200 MKD
Check Processing Manager Banking 821,500 MKD
Commercial Vault Associate Banking 610,100 MKD
Corporate Banker Banking 447,300 MKD
Corporate Dealer Banking 639,900 MKD
Credit Analyst Banking 485,300 MKD
Credit and Collections Manager Banking 862,400 MKD
Credit Card Fraud Investigator Banking 615,700 MKD
Credit Portfolio Manager Banking 1,125,500 MKD
Credit Risk Analyst Banking 721,600 MKD
Credit Risk Associate Banking 631,200 MKD
Direct Bank Sales Representative Banking 431,300 MKD
Exchange Control Consultant Banking 680,100 MKD
Executive Account Analyst Banking 629,800 MKD
Financial Bank Planning Consultant Banking 800,500 MKD
Financial Banking Analysis Manager Banking 949,600 MKD
Financial Banking Assistant Banking 288,100 MKD
Financial Banking Systems Manager Banking 840,100 MKD
Foreign Exchange Manager Banking 923,000 MKD
Fraud Analyst Banking 658,300 MKD
Fraud Detection Associate Banking 424,900 MKD
Fraud Detection Manager Banking 953,300 MKD
Fraud Detection Supervisor Banking 528,500 MKD
Internal Bank Audit Manager Banking 1,162,900 MKD
Internal Private Banker Banking 466,900 MKD
International Banking Manager Banking 1,249,900 MKD
Investment Banking Analyst Banking 884,700 MKD
Loan Analyst Banking 619,000 MKD
Loan Area Manager Banking 739,500 MKD
Loan Audit Team Leader Banking 693,100 MKD
Loan Branch Manager Banking 705,500 MKD
Loan Business Development Officer Banking 388,100 MKD
Loan Clerk Banking 210,500 MKD
Loan Collection and Recovery Manager Banking 757,600 MKD
Loan Collection Manager Banking 735,200 MKD
Loan Collector Banking 192,600 MKD
Loan Examiner Banking 263,100 MKD
Loan Officer Banking 246,200 MKD
Loan Processing Manager Banking 665,300 MKD
Loan Processor Banking 283,700 MKD
Loan Quality Assurance Auditor Banking 596,800 MKD
Loan Quality Assurance Manager Banking 683,400 MKD
Loan Quality Assurance Representative Banking 467,100 MKD
Loan Review Manager Banking 724,000 MKD
Loan Team Leader Banking 602,700 MKD
Loans Manager Banking 828,400 MKD
Mortgage Advisor Banking 425,100 MKD
Mortgage Collection Manager Banking 737,000 MKD
Mortgage Collector Banking 209,500 MKD
Mortgage Credit Analyst Banking 317,700 MKD
Mortgage Credit Manager Banking 691,200 MKD
Mortgage Development Manager Banking 814,100 MKD
Mortgage Document Reviewer Banking 258,400 MKD
Mortgage Funding Manager Banking 783,800 MKD
Mortgage Operations Manager Banking 1,087,500 MKD
Mortgage Payment Processing Clerk Banking 246,200 MKD
Mortgage Processing Manager Banking 714,600 MKD
Mortgage Processor Banking 286,400 MKD
Mortgage Quality Assurance Auditor Banking 592,600 MKD
Mortgage Quality Assurance Manager Banking 694,700 MKD
Mortgage Servicing Clerk Banking 207,800 MKD
Mortgage Servicing Manager Banking 675,100 MKD
Mortgage Underwriter Banking 267,100 MKD
Online Banking Manager Banking 1,088,600 MKD
Payment Processing Clerk Banking 227,600 MKD
Personal Banker Banking 450,300 MKD
Personal Banking Advisor Banking 451,000 MKD
Phone Banker Banking 307,400 MKD
Private Banker Banking 430,500 MKD
Reconciliation and Investigation Specialist Banking 518,300 MKD
Tax Officer Banking 371,100 MKD
Teller Banking 200,000 MKD
Trade Officer Banking 263,100 MKD
Trade Product Manager Banking 702,800 MKD
Trader Banking 301,600 MKD
Treasury Operations Officer Banking 533,000 MKD

Salary Comparison by City

If you want to compare salaries with different cities in Macedonia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Skopje 660,500 MKD

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