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What is the typical starting salary for forensic accounting?

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Quick Answer

The average starting salary for a forensic accountant is $60,000 per year, as of 2015, according to payscale.com. The majority of these positions come with medical benefits, and most entrants to this career field claim a high level of job satisfaction.

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Full Answer

A bachelor?s or master?s degree in accounting, finance or a related field is required for forensic accountants with the opportunity to add professional certifications. Salaries vary greatly as an individual progresses down this career path. On average, forensic accountants can expect to make 22 percent more mid-career, 54 percent after 10 years on the job and 81 percent more later in their career (20 years and higher). This puts the high-end salary at around $111,000 plus bonuses and profit sharing, which are common among more experienced accountants.

Forensic accountants combine knowledge of accounting and financial analysis with investigative skills, according to the Association of Certified Fraud Examiners. They are employed in a number of different environments ranging from the forensic accounting divisions of public accounting firms and consulting firms to law offices, insurance companies, law enforcement agencies, government organizations and financial institutions. Job responsibilities include research and analysis of financial ledgers and transaction histories, identification of assets for recovery, report preparation and support for litigation and legal proceedings.

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