Job Profiles with Average Salary for CFEs
S.No.
Job Profile
Description
Average Salary (p.a.)
1.
Corporate Fraud Investigators
Many large corporations employ CFEs to investigate allegations of fraud within their organizations. Corporate fraud investigators may work in internal audit departments, compliance teams, or dedicated fraud investigation units.
$50,000 to $100,000
2.
Government Agencies
CFEs are employed by government agencies at the local, state, and federal levels to investigate fraud, waste, and abuse of public funds. They may work for agencies such as the Internal Revenue Service (IRS), Federal Bureau of Investigation (FBI), Securities and Exchange Commission (SEC), or various state and local law enforcement agencies.
$60,000 to $120,000
3.
Financial Institutions
Banks, credit unions, and other financial institutions hire CFEs to detect and prevent financial crimes such as embezzlement, money laundering, and identity theft. CFEs may work in compliance departments, anti-money laundering (AML) units, or fraud detection teams.
$60,000 to $130,000
4.
Consulting Firms
Consulting firms often employ CFEs to provide fraud prevention, detection, and investigation services to clients across various industries. CFEs working in consulting firms may assist with fraud risk assessments, internal control evaluations, and litigation support services.
$70,000 to $100,000
5.
Insurance Companies
Insurance companies hire CFEs to investigate insurance fraud, including fraudulent claims and staged accidents. CFEs may work as claims investigators, fraud analysts, or special investigators within insurance companies.
$50,000 to $100,000
6.
Law Firms
Law firms may employ CFEs as forensic consultants or expert witnesses in cases involving fraud, financial disputes, or white-collar crime. CFEs with expertise in fraud investigation and forensic accounting can provide valuable support to attorneys and their clients.
$100 to $500 (Hourly)
7.
Internal Audit Departments
CFEs often work in internal audit departments to assess the effectiveness of internal controls and identify areas of fraud risk within organizations. They may conduct fraud audits, internal investigations, and compliance reviews to help ensure compliance with laws, regulations, and company policies.
$60,000 to $120,000
8.
Nonprofit Organizations
Nonprofit organizations may hire CFEs to help prevent and detect fraud, particularly in areas such as fundraising, grants management, and financial reporting. CFEs can assist nonprofits in strengthening their internal controls and governance structures to mitigate fraud risks.
$50,000 to $90,000
9.
Risk Management and Compliance
CFEs may work in risk management and compliance roles within organizations to develop and implement fraud prevention programs, conduct fraud risk assessments, and ensure adherence to regulatory requirements.
$60,000 to $130,000
10.
Academic and Training Institutions
Some CFEs pursue careers in academia or training, where they teach courses on fraud examination, forensic accounting, and white-collar crime. They may also develop educational materials and training programs for aspiring fraud examiners and professionals seeking continuing education.
$50,000 to $150,000...