The average salary for a Forensic Accountant is $67,450.
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What Do Forensic Accountants Do?
Generally, forensic accountants work for insurance companies, banks, government agencies, and police forces to detect fraudulent activities, and some run their own independent practices. Their work focuses heavily on investigating and analyzing financial evidence, and some may also assist in legal proceedings. They also serve as expert witnesses in courtroom settings and prepare visual aids as needed.
Most employers require a bachelor’s or master’s degree in forensic accounting, general account…Read more
Forensic Accountant Tasks
- Ensure compliance with state and federal regulations.
- Prepare reports and summary of findings.
- Research, analyze and compile account histories, financial documents and transactions.
- Utilize accounting principles, financial analysis and auditing knowledge to prepare for legal disputes or litigation.
Job Satisfaction for Forensic Accountant
Popular Employer Salaries for Forensic Accountant
The top respondents for the job title Forensic Accountant are from the companies Federal Bureau of Investigation (FBI), EY (Ernst & Young) and KPMG, LLP. Reported salaries are highest at KPMG, LLP where the average pay is $113,000. Other companies that offer high salaries for this role include EY (Ernst & Young) and RGL Forensics, earning around $67,868 and $67,500, respectively. Federal Bureau of Investigation (FBI) pays the lowest at around $62,400. FTI Consulting, Inc. and Grant Thornton Llp also pay on the lower end of the scale, paying $63,000 and $67,167, respectively.
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Senior Professional Service Consultant
Somewhat common (8 - 20%)
Forensic Accountant Job Listings
What Are Popular Skills for Forensic Accountants?
Skills in Forensic Accounting, Microsoft Excel, Fraud Investigation, Financial Analysis and Data Analysis are correlated to pay that is above average.
What is the Pay by Experience Level for Forensic Accountants?
An entry-level Forensic Accountant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $59,224 based on 38 salaries. An early career Forensic Accountant with 1-4 years of experience earns an average total compensation of $63,096 based on 156 salaries. A mid-career Forensic Accountant with 5-9 years of experience earns an average total compensation of $81,678 based on 70 salaries. An experienced Forensic Accountant with 10-19 years of experience earns an average total compensation of $93,545 based on 49 salaries. In their late career (20 years and higher), employees earn an average total compensation of $95,798.
Pay Difference by Location
Employees with Forensic Accountant in their job title in New York, New York earn an average of 21.3% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (16.9% more) and Chicago, Illinois (14.5% more). The lowest salaries can be found in Dallas, Texas (11.9% less).
Years of Experience
This data is based on 338 survey responses.