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

Program Overview

Discover, document, and prevent financial crimes.

An Association of Certified Fraud Examiners (ACFE) report estimates that organizations worldwide lose 5 percent of their revenue to fraud annually, translating to losses of $3.5 trillion.1 You will gain the skills and knowledge you need to counter this wave of financial crime with Utica College's online Bachelor of Science in Fraud and Financial Crime with a concentration in Financial Investigation.

An Association of Certified Fraud Examiners (ACFE) report estimates that organizations worldwide lose 5 percent of their revenue to fraud annually, translating to losses of $3.5 trillion.1 You will gain the skills and knowledge you need to counter this wave of financial crime with Utica College's online Bachelor of Science in Fraud and Financial Crime with a concentration in Financial Investigation.

Investigators Needed

Through this online program, you'll learn that fraud prevention goes beyond accounting knowledge. To be a successful investigator, you also need persistence, concentration, interviewing and interrogation skills, and an understanding of what makes financial patterns suspicious.

Combining these skills with an in-depth comprehension of accounting helps to develop an impactful financial investigator who can get results. With Utica College's 100-percent-online program, you'll learn how to discover, document, and prepare evidence of fraud and other economic crimes and help companies around the world reverse costly wrong-doing.

 
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          Career Outlook

          "Anyone who has compliance and fraud in their resume right now is extremely marketable. Obtaining my undergraduate degree here at Utica College gave me something very unique to put on my resume." – Tracy Webb, graduate

          In the wake of the late 2000s global financial crisis, the U.S. government created the 2009 Fraud Enforcement and Recovery Act (FERA), providing increased funding, new job opportunities, and more stringent legislation to help combat the types of financial crime that caused the crisis.

          Unfortunately, fraud hasn't ceased since FERA's founding. The 2017–2018 Global Fraud & Risk Report from Kroll found 84 percent of surveyed executives reported their company had suffered at least one instance of fraud in the past year, up from 82 percent in 2016.2

          To combat these losses, companies need financial investigators who can analyze records and spot evidence of financial crime. The average salary for this role is $68,400 and can range as high as $157,046,3 depending on your geographic location, years of experience, and more.

          Career Spotlight: Staff Auditor

          $61,706/year

          As a staff auditor,4 you'd ensure quality financial standards are upheld across your company. You'd perform audits across your business and work with a team to administer cost analyses and risk control in every department, including operations, finance, and sales. You would also analyze and interpret financial data and report your findings to senior management.

          Career Spotlight: Fraud Financial Reporting Analyst

          $87,475/year

          As a fraud financial reporting analyst,5 you'd prepare financial reports and statements either monthly or quarterly. You would also review expenses and budgets, ensuring data is correct and without suspicious behavior, and prepare income and balance statements and filings to the Securities and Exchange Commission (SEC), as well as reports to stockholders, partners, and government agencies.

          Other titles you may qualify for:

          • Internal Financial and Operations Auditor
          • BSA / AML Analyst

          JOBS AND INCOME

          Curriculum: Hardcore Accounting Knowledge

          In addition to crucial investigative skills, this concentration offers intensive coursework in accounting, including modern techniques in crime investigation. 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.

          Course Spotlight: ACC 406 Forensic Accounting and Fraud Auditing

          Integrate accounting, auditing, and fraud investigative skills and examine resolutions for accounting "irregularities." You'll explore auditing case studies to analyze documents and internal controls, trace funds, examine business interruption losses and preservation, and prepare evidence.

          EXPLORE COURSES

          Course Spotlight: FIN 333 – Corporate Finance

          Examine the general principles of business finance, including pertinent phases of government regulation and the effects of general business conditions on financial plans and operations. You will gain an understanding of methods for raising fixed capital, various types of securities, administration of income, expansion, and financial difficulties.

          More Options for Your Degree

          Frequently Asked Questions

          Advancing your life and career with an online degree comes with lots of questions, and we want to ensure your search for answers is effortless. If you have a question we haven't covered, call (866) 295-3106 to speak with a program manager.

          The program is designed to take 6 credits per semester, meaning you can complete the degree in about three years.

          You have the ability to take more classes per semester with approval from the program director, then work with your success coach to see what is best with your work and life schedule.

          This means that you enter Utica College as a transfer student with either an associate's degree from a regionally accredited institution, or with a minimum of 57 credits from a four-year college or university. You will need to complete the remaining course credits to achieve the minimum 120 total credits in order to earn your degree.

          Utica College's B.S. in Fraud and Financial Crime Investigation is one of very few in the country to offer a curriculum tailored to help you combat economic crime.

          Become familiar with the laws and regulations related to fraud while you learn to apply the accounting and investigative methods used to bring those responsible to justice.

          Select either the Financial Investigation or the Fraud Prevention and Detection concentration and become a specialist in the path of your choice.

          With data breaches at an all-time high and internal fraud an all-too-common occurrence in every sector from banking to healthcare, you'll graduate with many options.

          The Bureau of Labor Statistics reports that opportunities for the general category of financial examiners will grow by 10% between 2016 and 2026, and shows a current median income of $81,690, with the top 10 percent earning more than $153,850.

          See our B.S. in Fraud and Financial Crime Investigation Career Outlook page for detailed information about the career paths, jobs, and salaries that may be available to you after graduation

          No. As a Bachelor-completer program, our B.S. in Fraud and Financial Crime Investigation requires only an associate's degree from a regionally accredited institution, or a minimum of 57 credits from a four-year college or university in any field of study.

          See our full list of admissions requirements for the B.S. in Fraud and Financial Crime Investigation program.

          The Bachelor of Science in Fraud and Financial Crime Investigation program is a 60- to 63-credit-hour program depending on the path you take. At a cost of $450 per credit hour, the total estimated tuition cost for the program is between $27,000 and $28,350.

          For a detailed list of all related expenses and fees, see the B.S. in Fraud and Financial Crime Investigation Tuitions and Fees page.

          SOURCES:

          1Association of Certified Fraud Examiners. (2018). ACFE Report Estimates Organizations Worldwide Lose 5 Percent of Revenues to Fraud [Press release]. Retrieved November 29, 2018, from https://www.acfe.com/press-release.aspx?id=4294973129
          2Kroll Global Fraud & Risk Report – Forging New Paths in Times of Uncertainty (10th Annual ed., pp. 4-20, Rep.). (2017/2018). New York City, NY: Kroll. PDF downloaded from https://www.kroll.com/en-us/global-fraud-and-risk-report-2018
          3Average Financial Investigator Salary. (2018). Retrieved November 29, 2018, from https://www.payscale.com/research/US/Job=Financial_Investigator/Salary
          4Average Staff Auditor Salary. (2018). Retrieved November 29, 2018, from https://www.payscale.com/research/US/Job=Staff_Auditor/Salary
          5Average Financial Reporting Analyst Salary. (2018). Retrieved November 29, 2018, from https://www.payscale.com/research/US/Job=Financial_Reporting_Analyst/Salary