Is there much upward mobility in internal audit in industry? I always see so many Senior roles posted, but significantly few Manager/Director level roles (much less so than accounting roles). Was curious everyone’s experience. Thank you!

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There is a ton of upward mobility, and not many people to do it. People struggle to make the transition from public accounting audit which is a compliance effort that companies are required to have to Internal Audit. To be highly successful in Internal Audit you need to add value to management advising on all aspects if risk (strategic, operational) and not just financial reporting (compliance). That involves Enterprise Risk Management, Operational Audit, and other value add activities. That must be done in addition to financial report risk (usually in the form of SOX compliance).

Go post the same question in the Audit bowl and see the hate you will get about IA roles. Meanwhile those of us that figure it out make an incredible amount of money and enjoy great WLB.

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Yes! I sometimes feel like either I’m crazy or found the golden ticket. I’ve worked in public accounting and gave industry accounting a shot. Grew tired of public accounting and decided to move into internal audit and can’t believe what I found- exposure to very senior level folks across the company, the ability to actually learn how the business works instead of just financial statements, cross-departmental access, consistent hours with good work life balance, some travel, no busy seasons, and good pay. People that trash IA act like accounting or FP&A are somehow exhilarating jobs. I’d love to hear more about your career trajectory and how you ended up in your current role!

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Additionally you can move to a different quality partner (QA, QC) or into the business so there’s upward in internal audit and laterally outward.

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In my experience, it's easier to get promoted in IA when working for a large corporation or institution.

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