Compliance Audit Director Salary in Illinois
Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
Annual and Hourly Compliance Audit Director undefined, Illinois Salary Table:
Percentile | Annual Salary | Hourly Wage |
---|---|---|
10th | $75,480 | $36.29 |
25th | $99,160 | $47.68 |
Median | $132,070 | $63.5 |
75th | $171,190 | $82.3 |
90th | $219,810 | $105.68 |
Best Schools to become a Compliance Audit Director in Illinois 2024
DeVry University-Illinois
University of Illinois Chicago
Illinois State University
University of Illinois Urbana-Champaign
DePaul University
Southern Illinois University-Edwardsville
Browse Compliance Audit Director Salaries by the Top Cities in Illinois
Compliance Audit Director Salary in Illinois FAQs
What qualifications are typically required for a Compliance Audit Director in Illinois?
Generally, a Compliance Audit Director is expected to hold an advanced degree in fields such as finance, business administration, or law. Additionally, relevant certifications like Certified Internal Auditor (CIA) or Certified Compliance and Ethics Professional (CCEP) are often preferred. Significant experience in compliance roles, coupled with supervisory or managerial experience, is also vital.How does the experience level affect salary prospects for a Compliance Audit Director?
Experience plays an essential role in salary determination. As you gain more years in the field, particularly in leadership roles or specialized compliance segments, your earning potential increases significantly. Employers often value extensive experience with industry regulations, risk management, and previous success in audit projects.What industries typically employ Compliance Audit Directors in Illinois?
Compliance Audit Directors can find opportunities across various sectors, including finance, healthcare, technology, and manufacturing. Each sector has its unique regulatory challenges, and organizations in these industries seek directors who can adeptly manage compliance risks.Are there specific certifications that may enhance my salary as a Compliance Audit Director?
Yes, obtaining certifications like Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or Certified Compliance and Ethics Professional (CCEP) can enhance your marketability and potential salary. These credentials demonstrate your commitment to the profession and your expertise in compliance practices.What soft skills are important for a Compliance Audit Director?
Key soft skills include strong analytical abilities, effective communication, leadership, and problem-solving skills. Being able to clearly convey compliance requirements and audit findings to diverse stakeholders is essential. Additionally, strong negotiation and interpersonal skills are vital for collaborating with various departments.How does the size of a company impact the salary of a Compliance Audit Director?
The size of a company can significantly impact compensation. Larger organizations tend to offer higher salaries and more comprehensive benefits packages due to the complexity of their operations and compliance requirements. Conversely, smaller companies may provide lower salaries but may offer broader roles with more varied responsibilities.What is the typical career progression for a Compliance Audit Director?
A Common career path typically starts with entry-level roles in compliance or auditing, advancing to positions like Compliance Manager, Senior Compliance Analyst, or Audit Manager. With experience and demonstrated leadership capabilities, you can move into a Director role and may eventually progress to Chief Compliance Officer or similar executive positions depending on organizational structure.How do economic conditions influence the salary of Compliance Audit Directors in Illinois?
Economic conditions can have a direct effect on salary levels. In a strong economy, companies may offer competitive salaries to attract top talent. In contrast, during economic downturns, salary growth may stagnate, and some organizations may implement hiring freezes or cost-cutting measures affecting budget availability for salaries.What role does geographic location within Illinois play in salary determination?
Geographic location can have a significant impact on salary. Urban areas like Chicago generally offer higher salaries due to the cost of living and competition for talent. Conversely, more rural areas may have lower salary levels, but may also present different opportunities for career advancement.Is there a difference in salaries between public and private sector Compliance Audit Directors?
Yes, salaries can vary between the public and private sectors. Generally, private sector positions may offer higher compensation, particularly in industries such as finance and healthcare. However, public sector roles often provide more job stability and benefits, which can be appealing despite potentially lower salary levels.