Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Salary Information for Forensic Accountants

Career News November 15, 2013

Forensic accountants are the investigative wing of accountancy. They often take on the most difficult cases, which likely involve some aspect of fraud, or at least unwitting but catastrophic error. This is a career choice that requires accounting skills, auditing ability, as well as investigating instincts. The job involves analyzing and interpreting data, considering evidence just as a criminal investigator would. This job qualifies workers for a hefty salary.

The Average Salary for Americans

The average accounting salary is $74,000 per year in a big city, though forensic accountants report anywhere from $30,000 to $60,000. The actual number depends on the location of the job, as well as the level of expertise you bring to the company. Some workers can easily make $150,000 per year.

An aspect that can help is seeking certification, namely as a Certified Public Accountant (CPA). This means taking and passing the certification exam and meeting all levels of work experience. There may also be further schooling involved, and certification from a union, such as the American College of Forensic Examiners, can go a long way in boosting your salary.

According to the U.S. Bureau of Labor Statistics, this career is rising and will do so for another three years. When recession strikes, fraud cases increase. The worse it gets, the more companies focus their efforts on preventing shortcuts and improprieties.

More Ideas on How to Increase Your Pay

While certification is always a safe bet, accumulating more experience is a wise move. Consultants get paid the highest because they branch out and offer specialty services. Seeking post-college education and work experience can also qualify you for greater responsibility and salary. To some extent, your city, industry specialty and experience affects your earning potential. Big cities usually pay more.

Specializing in a business sub-field can wield higher salaries. Individuals who seek out experiences and educational backgrounds in bankruptcy analysis can earn up to $72,000. Auditors and litigation support workers can earn between $50,000 to $60,000, and internal audit managers can earn up to $80,000. A desirable skill set includes leadership ability, experience in management, and strong social skills, since you will be conversing with management, as well as all levels of employees, or outside clients.

A College Education Starts You on the Right Track

Starting your career with a college degree is the best way to exceed expectations and be taken seriously as a qualified candidate. The best subject is accounting, above all related subjects. An MBA shows initiative and gives you the leadership abilities you need, as well as the critical analysis skills that companies depend on. Work experience also commands a higher salary, so aim to find work during college, perhaps as an accountant.

In this modern age, forensic accountants are helping companies earn more money by minimizing the chance for error and fraud, essentially playing a significant part in managing profitability. You can excel in this career profession by going back to school at UMCP, UCLA, University of Michigan, Drexel University, or another college of your choosing.

Showing schools in your area

Matching School Ads
3 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Our online program blends modern business theory with real-world applications
  • SACS accredited with associate's, baccalaureate, & master's degrees & diplomas
  • US News & World Report ranks Online Bachelor’s Programs among top 10%
  • Ranked one of the best for vets business schools by Military Times
  • Qualifying students can take faith in EPCI’s unwavering Fixed Tuition Pledge
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • View Associates, Bachelors or Graduate Degree Programs in Business Near YOU!
  • Enter YOUR Needs and Requirements. Get Matched to the Perfect Campus or Online Degree Programs for You.
  • Free information for Business Administration and Management, Accounting, Marketing and Advertising, Business Information Systems Degree Programs and MORE.
  • Accredited, Flexible Business Administration and Management Degree Programs to Fit Your Time and Budget. Use our Matching Service - It's Easy and FREE!
  • Online Courses
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Showing schools in your area

Matching School Ads
3 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Our online program blends modern business theory with real-world applications
  • SACS accredited with associate's, baccalaureate, & master's degrees & diplomas
  • US News & World Report ranks Online Bachelor’s Programs among top 10%
  • Ranked one of the best for vets business schools by Military Times
  • Qualifying students can take faith in EPCI’s unwavering Fixed Tuition Pledge
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Looking for an Online Business Degree Program That May Improve Your Career Options?
  • EarnMyDegree.com Can Help You Match Your Educational Goals With Your Desired Career.
  • Whether You Are Looking to Earn a Degree Online, or Study at a Nearby Campus, This Is The Place to Connect With a College That May Be Ideal for You.
  • Browse Through Our List Of Online Colleges and Traditional Schools to Determine Potential Places to Earn a Degree NOW!
  • Online Courses
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!