Average Salary for Forensic Accounting Jobs

Want to become a forensic accountant? Learn the average salary for forensic accounting jobs, the education needed & how to get a 6 figure accounting job.

Forensic accountants make a decent salary.

One that you can raise your family on and one that's certainly worth the time and money spent getting your degrees, certificates, and official training for the position.

But like every other job in the world, how much you make per year will ultimately depend on hard you are willing to work.

If you put in the extra time and effort, it's possible to see the number on your paycheck rise.

You will never become rich working as a forensic accountant--unless you're a dynamite investor--but you can certainly make a healthy living.

Many criminal justice careers have pay scales that span an enormous range. This is because there are a variety of positions within many careers that have differing responsibilities, qualifications, and regional employment.

Working as a crime scene investigator, for example, you can make anywhere from a couple thousand a month to well over $100,000 per year, because you can be a technician, analyst, investigator, supervisor, or any number of other specialties.

This isn't necessarily the case with the forensic accountant. There aren't too many different specialties within this profession, which makes giving you an average salary a much easier job than if we were talking about something like a crime scene investigator.

Salary for Forensic Accounting: The Data

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Depending on how much experience you have, where you work, and what kind of credentials you have as a forensic accountant, you can make anywhere from $35,000 to $110,000 a year.

Here are some of the data's specifics:

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  • Forensic accountants with up to one year of experience earn an average of $35,000 to $50,000 annually.

  • Those with between one and three years of experience typically make $40,000 to $70,000 a year.

  • In management or supervisory positions, forensic accountants can expect to make between $55,000 and $110,000 per year.

In addition to these healthy incomes, people working as forensic accountants can expect a number of decent benefits and perks every day, month, or year, including:

  • 401(K) retirement plans
  • Life insurance
  • Medical insurance
  • Paid vacations
  • Possible expense accounts
  • Perhaps even a company car

The number on the paycheck and the quality of benefits that you can receive as a forensic accountant varies from region to region, as well, based on the cost of living and the number of forensic accountants working in the locality.

Salary for Forensic Accounting: How to Earn More

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The numbers you read above are just average--those are pay check amounts that you could earn while working in the middle of the pack.

But there are ways in which you can make even more money.

This requires you to work hard to move away from the middle of the pack and head towards the front.

One of the ways to make a bigger paycheck is to get some more education under your belt. With better credentials, you may be able to pick and choose who you work for--and where--if you get enough employers looking for you.

Don't be content with just a bachelor's degree in accounting.

Taking the time to earn a master's degree will help you get more recognition in the job market and earn you a better salary.

Also think about working in a management position. If you train to become a supervisor, you can expect to earn a lot more money per year than if you were just another accountant in the office.

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