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Financial Investigation Concentration

Examining records for evidence of financial fraud takes more than just knowledge of accounting to prevent economic crime. Successful investigators also have persistence, concentration, in-depth knowledge of accounting, interview and interrogation skills, and an understanding of suspicious financial patterns. As a financial investigator, you will need to blend a variety of skills to discover, comprehend, document, and prepare evidence of fraud and other economic crimes.

The Financial Investigation concentration of Utica's online Bachelor of Science in Fraud and Financial Crime Investigation program offers intensive coursework in accounting, including forensic accounting and auditing for fraud. You will learn to analyze data, trace illicit funds, conduct due diligence, and evaluate the extent of damage to an organization as a result of financial fraud. Additionally, coursework in corporate finance provides an overview of typical financial operations to train you to spot and flag suspicious activity that can lead to economic crimes.

Financial Investigation Concentration Curriculum

Take courses in:

  • ::  Accounting
    • »  Financial, Managerial, Intermediate, Forensic and Corporate Accounting
    • »  Auditing or Cost Management
  • ::  Statistics
  • ::  Criminology
    • »  Theories, Law and Research Methods
  • ::  Electives
    • »  Related to Criminal Justice, Organized Crime, Banking or Ethics

View the full online BS in Fraud and Financial Crime Investigation: Financial Investigation curriculum.

Compare Concentrations: Financial Investigation vs. Fraud Prevention and Detection

Some fraud and financial crime investigation majors may be wondering "Which concentration should I pursue, financial investigation or fraud prevention and detection? What is the difference? Are the learning and skill outcomes the same? What kind of jobs can I get with each?" While these two concentrations each focus on the investigation and prevention of economic crimes, the differences are clear when you view the two programs side-by-side:

Financial Investigation

Fraud Prevention and Detection

Requirements to Begin

Associate's degree or equivalent

Associate's degree or equivalent

Requirements to Complete

126 Credit Hours, including 60 liberal arts and all ECI major related and concentration requirements

126 Credit Hours, including 60 liberal arts and all ECI major related and concentration requirements

Internship or Special Project Required?

Yes

Yes

Time to Complete

Approx. 3 years, 4 months

Approx. 3 years, 4 months

Learning Outcomes

Quantitative, analytical, statistical in nature, accounting principles as they relate to financial crime investigations

Qualitative, technological, and methodical in nature, criminology law and regulation, ethics.

Career Path

Entry-to-Mid Level jobs

Forensic Accountant, Tax Crime Investigator, Bank Examiner. Asset Forfeiture

Entry-to-Mid Level jobs

Fraud prevention/ Risk / Compliance Analyst, Anti-money laundering Investigator

Graduate Degree or Credential Path

MBA in Economic Crime and Fraud Management; MS in Financial Crime and Compliance Management; Graduate Certificate in Financial Crime & Compliance Operations; Certified Public Accountant; Certified Fraud Examiner

MBA in Economic Crime and Fraud Management; MS in Financial Crime and Compliance Management; Graduate Certificate in Financial Crime & Compliance Operations; Certified Fraud Examiner, Certified Anti-Money Laundering Specialist

In a report based on a survey conducted by the Association of Certified Fraud Examiners (ACFE), it was estimated that organizations around the world lose about 5 percent of revenues to fraud every year, translating to a total cost of $2.9 trillion1. At all times, but especially during the recent economic crisis, businesses want to reduce that amount as much as they can, leading to a demand for financial investigators who can analyze records to spot potential evidence of economic crime.

Sample Job Titles:

  • ::  Internal Financial and Operations Auditor
  • ::  Staff Auditor
  • ::  Accountant-Auditor I or II
  • ::  Fraud Financial Reporting Analyst
  • ::  Credit/Risk Analyst
  • ::  BSA / AML Analyst

For job titles like these, the average annual salary can range from $60,000 to $80,000, depending on your geographic location, job role and other relevant work experience. With deep-knowledge and skills that the Financial Investigation concentration offers, graduates that can help enterprises reverse the trends that cost them trillions of dollars per year are valuable assets and are compensated accordingly.

Learn more about how you can meet the need for individuals trained in forensic accounting by choosing the Financial Investigation concentration of Utica's online BS in Fraud and Financial Crime Investigation. Call us at 315.732.2640 or toll-free 866.295.3106 to speak with a Program Manager or request more information.

1 "ACFE Report Estimates Organizations Worldwide Lose 5 Percent of Revenues to Fraud," June 2, 2010.