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What makes more money IT Audit or IT GRC?
Hello - hope everyone is having a great weekend. I'm looking into risk assurance opportunities at Meta, especially Application Manager, Controls (min 5 YOE) and Manager, Compliance (min 12 YOE). I am a Senior Manager with 9 years of IT risks assurance experience. Does anyone have any thought on which position I should apply? If anyone currently at Meta could share your experience, that would also help. If anyone is open to providing referrals, I could provide my background. Facebook (Meta)
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I agree that the work is repetitive, but I would rather have this job than work somewhere else and have a pay cut. That would not cut it for me.
Money is great the higher you go. Close to $200K with only a Bachelors beats many other fields
Yup, making 200k with relatively stable hours and manageable workload. Good perks, ok exit ops etc.
If you can get a handle on the meetings, tracking, staffing and perfecting the repetition, better yet, build your team up to do it well and run autonomously with less of your time, then life is great! Pay is high, benefits are great,and you have job security. Not to mention with the cyclical nature of audits, you have time early in the year to take 3/4 weeks off at time to vacation/travel. What more could you ask for? Most people fail to see that this is a fantastic long term fulfilling profession if you set it up right.
OP if you are having trouble sleeping due to the stress of IT Audit then you are in the wrong profession, and maybe industry as a whole. Professional service jobs are typically client serving, meaning you have to account for the clients timeliness and deadlines. You would have this same problem switching to another service line in professional services, and potentially if you were to switch to a more tech role in industry.
What you have to understand about public accounting is that there is ALWAYS more work to do, so you have to set a schedule that works for you as well as your team. Good work always gets rewarded with more good work, and it's ok to push back at times if you are feeling overwhelmed that's why it's a team profession. My advice would be to set your schedule every week to ensure you are meeting chargeability requirements (40, 45, 50 hours depending on time of year), be as efficient as you can during those hours, and then tuning everything else out after you hit your hours for the day and week. You shouldn't be losing sleep because one of your clients provisioned a new user without approval lol. There is always opportunity in this profession to go above and beyond by working nights and weekends and that could fast track you to promotion, but if you work your 8-10 hours each day efficiently and produce quality work then no one should be complaining about your performance. Work/life balance is on your firm culture but ultimately up to you as a professional.
I fell into here in the middle of the COVID chaos and job security in IT Audit is about as good as it gets. Also, I make 120k and I have 3 years of experience. I need someone to match that 👀
Coach
I came from industry, don't compare yourself to me. I was making 110k before I even took this job. I pushed them up, they wanted to give me 115k
I like taking screenshots
210TC with 5 years experience, great wlb, low stress, more project management based the higher you get, IT operational audits, I love my job! It’s the perfect job to allow you to live your life outside of work.
Yeah seriously, teach us your ways lol. I'm working towards that TC but still not close. I do find the role interesting overall though, and not sure what else I'd do so better to stay put
I think you nailed it lol
With the pay cut?
1) money (I made 125k TC this year w/4 yoe)
2) lifestyle (good wlb - i am in industry)
3) doing standard industry accounting seems way worse
4) I don't know what else I could easily pivot to
Can confirm standard industry accounting is worse
What do you want to do besides IT audit?
SA2 - you need to pivot to a role that will teach you those
EY 1 - I am looking to switch jobs to a technical implementation role and then switch from that to something like those roles.
The money gets pretty damn good the higher you go.
All the other stuff you said is true though so have to figure out what works for you
Well first, it pays my bills. And second, it is not the right time to make a transition because of the economy's current situation dealing with inflation. It is not just worth the risk at the moment.
Pretty easy job to do Hungover. Also as you get more Senior can delegate, coach, review. Rinse and repeat.
Given how stressful life has become - I rather prepare tracking things and doing mundane repetitive work
You are talking about big4 - industry it audit is pretty chill
Really? Well, I think it also depends on your team/department. Right?
I was absolutely sickened of it until I started getting more challenging work - now I'm quite enjoying it. That might not be the case for you but it is for me. Only 3 YOE and essentially only doing reviews and completing the more challenging work. Makes the job so much better than endlessly doing basic GITCs
As someone who was in core audit doing a rotation in it audit now, wondering if I should stick with it full time
Well, the money for one. You can get more the higher you go. I see that as my end goal. Get to the top!
I love understanding the technology architecture of many companies, having different engagements, coaching, and being innovative. Sometimes it’s hard to do the work and my least favorite is workpaper review, but it gets easier as you aren’t as in the weeds the higher up you go, and you are always being challenged
Hi! In Big 4, yes. But I don't think it's the same in other firms or industries.