IT Audit Manager Jobs: Salary and Career Facts

Explore the career requirements for IT audit managers. Get the facts about job duties, education requirements, certification and salary to determine if this is the right career for you. Schools offering Business Systems Analysis degrees can also be found in these popular choices.

What Does an IT Audit Manager Do?

IT (Information technology) audit managers are senior professionals who handle the financial aspects of IT departments. They are directly responsible for proper documentation of financials in an IT department and, if needed, might consult with other departments about how to address any errors that appear in financial reports. Audit managers come from different backgrounds and may hold master's degrees in business administration or be Certified Public Accountants.

The table below outlines the general requirements for a career as an IT audit manager.

Degree Required Bachelor's degree, master's degree to improve job prospects
Education Field of Study Accounting, computer information systems or management information systems (bachelor's degree), business (master's degree)
Key Responsibilities Ensure all IT financial documents are correct, track project budgets, monitor financial activity reports, review expense reports
Certification Certification may be required by some employers
Job Growth (2014-2024) 11% (for all accountants and auditors)*
Median Salary (2017) $119,555**

Source: *U.S. Bureau of Labor Statistics, **Salary.com

What Is the Job Description of an IT Audit Manager?

As an IT audit manager, you may work for a company that provides audits for clients, or you may handle the audits of your company's IT department. It'd be your job to make sure all financial documents are correct, all the figures add up and there is nothing questionable about the information contained within the documents you are reviewing.

Tasks you may handle include reviewing expense reports, tracking the budget of an IT project, monitoring financial activity reports and running a final check on important documents, such as tax forms. If there are errors or issues with any of the documents you review, you may work with other managers to develop solutions or research ways of solving the problem.

What Requirements Must I Meet?

According to job ads from Monster.com, employers usually require a bachelor's degrees in accounting, computer information systems or management information systems. Having a Master of Business Administration (MBA) or being a Certified Public Accountant (CPA) may give you better opportunities over the competition.

Some employers may require or give preference if you have experience with a large accounting agency or a top consulting firms. Employers typically require experience in IT accounting or project management. Employers may also require familiarity and experience with some of the following applications and procedures:

  • UNIX
  • Novell Netware
  • Windows Active Directory
  • FISMA compliance initiatives
  • Oracle

Certification

Employers may also look for or require certifications recognized in the industry. These certifications may include the Project Management Professional (PMP) offered through Project Management Institute (PMI), the Certified Information Systems Auditor (CISA) and Certified Information Security Manager (CISM) offered through the Information Systems Audit and Control Association (ISACA) and the Certified Information Systems Security Professional (CISSP) offered through the International Information Systems Security Certification Consortium, Inc. (ISC).

The PMP certification from PMI validates your experience and knowledge in project management (www.pmi.org). To take the PMP certification test, you need to either have a bachelor's degree and three years' experience in project management or a high school diploma and five years experience.

The CISSP certification from ISC offers proof of your experience and knowledge of information security systems (www.isc2.org). To qualify for this certification, you must have at least five years' experience in information security, four years' experience and a college degree, or an advanced degree in information security.

To earn the CISA certification from ISACA, you must meet requirements for experience in auditing or information systems, have the proper training and an approved degree (www.isaca.org). To earn ISACA's CISM certification, you must have verifiable work experience in information security or other acceptable experience or education.

How Much Can I Earn?

According to Salary.com, wages reported for most IT audit managers, as of January 2017, ranged from $96,218-$150,532. These wages were for the 10th percentile to the 90th percentile range.

What Are Some Related Alternative Careers?

In the accounting field, a multitude of options exist for those interested in management. Financial managers are the directors of investment activities and strategy development for their companies. There are also upper-level executives, who are responsible for implementing strategies to improve the day-to-day operations of a company or organization. Personal financial advisors give one-on-one guidance to clients regarding their financial holdings, helping them to make investments for the future. You could pursue these careers with a bachelor's degree in a relevant field, such as business or finance.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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