Salary of a CFE
1. Average Base Salary: According to Payscale, the average base salary for CFEs in the United States stands at $93,000 per year. However, this figure varies depending on factors, specifically job title, experience, and geographical location. For example, a CFE-certified fraud investigator can earn between $52,000 and $118,000 annually, with an average salary of $74,507.
2. CFE Certification Impact on Earnings: The 2020 Compensation Guide for Anti-Fraud Professionals by the Association of Certified Fraud Examiners reveals that individuals holding the CFE credential earn 32% more than their non-certified counterparts. Obtaining the CFE certification early in one’s career can significantly boost total career earnings, potentially amounting to an additional $647,828 for individuals employed continuously from age 25 to 65.
3. Factors Influencing Salary: The salary of CFEs is influenced by distinct factors, including level of education and professional responsibility. In the ACFE Compensation Guide, a survey shows that CFEs earn 34% more than non-CFEs. Moreover, findings from the ACFE compensation guide indicate that over 60% of survey respondents hold managerial or higher-level positions, with CFEs more likely to occupy senior roles compared to non-CFEs.
4. Future Career Opportunities: The global recognition of the CFE certification enhances professionals’ marketability, with nearly 90% of Fortune 500 companies employing at least one CFE. Beyond increasing earning potential, the certification also opens up a plethora of career opportunities for certified individuals.