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Hi, I recently got offer for retail banking IA function in JP morgan. This is my first move from public accounting and was wondering if IA is the way to go. Anyone working in similar role how are you finding it? What sort of career opportunity can IA offer?

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I much prefer IA to PA. I have much more autonomy, work wayyyy less hours, more interesting/varied work and I feel like what I do has some chance of actually mattering or causing positive change. At a bank that size you should have numerous (possibly dozens) of audit teams you can change to if you get bored in Retail audit.

As far as careers you can stay in IA and work up to a Director, an Assistant General Auditor, or at the top General Auditor (Chief Audit Executive). And if you get to the level of CAE you’re definitely making well into the 6 figures and getting stock related bonus that can amount to literal millions. Otherwise I see people transition into risk related functions usually in the 2nd line, but sometimes 1st line. You’re probably not gonna transition from audit to some super “cool” investments or sales role (if that’s even something you want), but you can definitely earn a good salary.

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Yeah I always read those same bad remarks but that hasn’t been my experience at all. I think those remarks are what people think about folks working at small internal audit shops at like a manufacturing company. Those IA jobs probably suck and are mostly checking the box I’d imagine. But IA for a highly regulated industry like banking is not like that at all. There are a lot of smart and motivated people from various backgrounds in IA from what I’ve seen which makes it more interesting.

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