Forensic Accounting Salary
Maybe you have already heard about forensic accounting and is asking questions more about it, its scope, its basic tasks, and how it does differ from the rest of the career. Forensic accounting can be a very good profession. This is to the fact that there are now a lot of agencies and companies who seek for forensic accountants and does offer them for a very high payment. It is also considered as one of the top 20 job markets in the years to come.
Location and forensic accountant salary
A forensic accounting career is one of the careers where the amount of your payment depends greatly on the location of your practice. However, location is just one of the things used to measure a forensic accountant salary, but it really played a significant role. Other factors also includes tenure of experience, level of your certification, forensic accounting specialization, and of course your employer.
The forensic accounting salary is mainly classified into three types. First is the typical accounting salary for an accountant which is about $49,000, typical accountant salary in an insurance industry which is about $61,000, and $150,000 as a potential salary for experienced accountant.
Typically, urban areas tend to be a better location for a forensic accountant. This is due to the nature of the work where it focuses on investigating financial fraud and any other related works. It is also very evident that most of the company’s are located in urban areas. It is in the urban areas where large size companies can be found and they are also likely to be the one who will offer a higher forensic accounting salary. Being employed in a large company is also an indication that you will be receiving a higher forensic accounting salary.
Aside from working in private firms and institutions, you also have a chance to work on government agencies. However, you cannot expect that you will be receiving the same forensic accounting salary compared to being employed in private firms or as a freelancer.
Comprehensive health, medical and life insurance, and having a paid leave are just few of the benefits that a forensic accountant will receive while being employed.