Saturday, February 22, 2014

Forensic Accounting Salary (According to the BLS)


Forensic Accounting Salary (According to the BLS)


According to the U.S. Bureau of Labor Statistics, the average salary for all accountants and auditors is $61,690 per year, or $29.66 per hour. However, because forensic accounting is a more specialized field of accounting, you can expect forensic accounting salaries to be higher than average.

In fact, the average forensic accounting salary is closer to $73,000 as of 2012, though individual salaries range from about $45,000 to over $115,000 depending on your employer, location, industry, experience and education. Forensic accountants who have earned a masters degree will generally receive a higher salary, and your forensic accounting salary is expected to increase as you gain experience.

In general, if you work for a larger company or financial institution, your forensic accounting pay will be higher than that of a forensic accountant working for the government, a police department or a nonprofit organization. However, some of the highest salaries are earned by forensic accountants who start their own consultancies. This is because self-employed consultants or small private consultancy firms have much less overhead than larger companies. Thus, more of the earnings can go toward your pay than into the business itself.


Title Post: Forensic Accounting Salary (According to the BLS)
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