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B.S. in Fraud and Financial Crime Investigation: Career Outlook

Protect critical assets and become essential anywhere.

Whether the attack comes from outside hackers or employees within, no sector is safe from fraud. Banks, governmental institutions, educational systems, healthcare organizations, and retailers are all facing the same reality: Preventing exploitation by hiring a professional examiner or investigator is much more cost-effective than becoming its latest victim.

With your Bachelor of Science in Fraud and Financial Crime Investigation from Utica College, you’ll be ready to fight against fraud and enter a rewarding and profitable career. The Bureau of Labor Statistics reports opportunities for financial examiners will grow by 10 percent between 2016 and 2026 and shows a current median income of $81,690, with the top 10 percent earning more than $153,850.4

FINANCIAL EXAMINER

$81,690/year

As a financial examiner, you would monitor the activities and systems of financial institutions, evaluate processes and practices for vulnerabilities and risk, and make recommendations to improve financial stability.4

FRAUD INVESTIGATOR

$64,690/year

As a fraud investigator, you would gather and analyze evidence, conduct interviews and interrogations, and build a case to identify and bring responsible parties to justice.5,6

FORENSIC ACCOUNTANT

$65,607/year

By carefully analyzing financial data, forensic accountants are able to trace the path of funds through accounting systems and processes to identify where fraud has occurred and identify those responsible.7,8

Additional roles for fraud and financial crime experts:

  • Fraud Detection Analyst ($54,296/year)9
  • Insurance Claims Investigator ($52,559/year)10
  • Fraud Prevention Analyst ($49,297/year)11
  • Internal Auditor ($56,282/year)12

Certification: Lead Investigations in Cryptocurrency Fraud and Theft

Through a unique partnership with CipherTrace — a leading cryptocurrency intelligence company — you can become a CipherTrace Certified Examiner (CTCE) and learn how to analyze and trace funds lost in cryptocurrency fraud and theft. You’ll use the same tools and get the same CTCE training as regulators and law enforcement members around the world do in becoming expert cryptocurrency financial investigators.

Once certified, you’ll be able to complete an active investigation at CipherTrace and write the case report, giving you direct, hands-on experience and demonstrating an incredibly valuable skill set to employers.

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Choose Between Two Economic Crime Concentrations

Utica College’s B.S. in Fraud and Financial Crime Investigation offers concentrations in two unique areas of economic crime investigation, offering you different outcomes and career and credential paths.

These concentrations were developed in coordination with Utica’s Economic Crime and Cybersecurity Institute, a leader in studying economic crime for more than 20 years.

B.S. in Fraud and Financial Crime Investigation: Financial Investigation

Learn accounting skills to pinpoint and document potential financial misdeeds with coursework that emphasizes accounting concepts and procedures, data analysis, methods of detecting fraud and damage assessment.

B.S. in Fraud and Financial Crime Investigation: Fraud Prevention and Detection

Learn to identify potential deception and other forms of economic crimes as well as areas of potential vulnerability to fraud and economic crime.

Key Skills Employers Need

Beyond the Degree

We have the tools to help you make your next career move:

One-on-One Mentors

Work with your program director and professors for professional mentorship and support.

Job Search Assistance

Build your résumé, do mock interviews, and find new opportunities in your area.

Career Counseling

Have our experts review your résumé and LinkedIn and learn to stand out from the crowd.

Handshake

Register for events, create a visual profile for employers, and apply for jobs and internships through our online portal.

Sources

  1. ITRC Identity Theft Resource Center (2018). 2017 Annual Data Breach Year-End Review. Retrieved on December 3, 2018, from https://notified.idtheftcenter.org/s/
  2. LexisNexis Risk Solutions (2018, March 1). “U.S. Financial Service Companies Spend $2.67 for Every Dollar of Fraud, LexisNexis Risk Solutions Survey Finds.” Retrieved on December 3, 2018, from http://solutions.lexisnexis.com/fraud.tcof.lp-65303.t-92611
  3. Association of Certified Fraud Examiners (2018). “2018 Report to the Nations.” Retrieved December 3, 2018, from https://s3-us-west-2.amazonaws.com/acfepublic/2018-report-to-the-nations.pdf
  4. Financial Examiners. (2018, April 13). Retrieved December 2, 2018, from https://www.bls.gov/ooh/business-and-financial/financial-examiners.htm
  5. Claims Adjusters, Appraisers, Examiners, and Investigators. (2018, April 13). Retrieved December 3, 2018, from https://www.bls.gov/ooh/business-and-financial/claims-adjusters-appraisers-examiners-and-investigators.htm
  6. PayScale (2018). “Fraud Investigator: Salary.” Retrieved December 3, 2018, from https://www.payscale.com/research/US/Job=Fraud_Investigator/Salary
  7. PayScale (2018). “Forensic Accountant: Salary.” Retrieved December 3, 2018, from https://www.payscale.com/research/US/Job=Forensic_Accountant/Salary
  8. ACFE Association of Certified Fraud Examiners (2018). “Career Path/Accounting/Forensic Accountant.” Retrieved December 3, 2018, from https://www.acfe.com/career-path-forensic-accountant.aspx
  9. PayScale (2018). “Fraud Detection Analyst: Salary.” Retrieved December 3, 2018, from https://www.payscale.com/research/US/Job=Fraud_Detection_Analyst/Salary
  10. PayScale (2018). “Claims Adjuster/Examiner/Investigator: Salary.” Retrieved December 3, 2018, from https://www.payscale.com/research/US/Job=Claims_Adjuster_%2F_Examiner_%2F_Investigator/Salary
  11. PayScale (2018). “Fraud Prevention Analyst: Salary.” Retrieved December 3, 2018, from https://www.payscale.com/research/US/Job=Fraud_Prevention_Analyst/Salary
  12. PayScale (2018). “Internal Auditor: Salary.” Retrieved December 3, 2018, from https://www.payscale.com/research/US/Job=Internal_Auditor/Salary