The average salary for a Forensic Accountant with Forensic Accounting skills is $72,130.
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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.
Popular Employer Salaries for Forensic Accountant
The top respondents for the job title Forensic Accountant are from the companies Federal Bureau of Investigation (FBI), KPMG, LLP and EY (Ernst & Young). Reported salaries are highest at Federal Bureau of Investigation (FBI) where the average pay is $74,000. EY (Ernst & Young) pays the lowest at around $67,868.
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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 Fraud Investigation and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Auditing, Data Analysis and Microsoft Excel.
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 $60,155 based on 11 salaries. An early career Forensic Accountant with 1-4 years of experience earns an average total compensation of $66,201 based on 98 salaries. A mid-career Forensic Accountant with 5-9 years of experience earns an average total compensation of $80,969 based on 52 salaries. An experienced Forensic Accountant with 10-19 years of experience earns an average total compensation of $98,244 based on 35 salaries. In their late career (20 years and higher), employees earn an average total compensation of $95,890.
Pay Difference by Location
Employees with Forensic Accountant in their job title in Washington, District of Columbia earn an average of 17.8% more than the national average. These job titles also find higher than average salaries in New York, New York (12.2% more) and Chicago, Illinois (8.1% more). The lowest salaries can be found in Tampa, Florida (36.1% less), Miami, Florida (4.0% less) and Los Angeles, California (3.0% less).
Years of Experience
This data is based on 209 survey responses.