Master of Science in Financial Crime and Compliance Management: Career Outlook

Combating economic threats and adhering to regulatory requirements.

In the wake of major economic scandals like Enron, Bernie Madoff, and the subprime mortgage implosion, the public demanded stronger business and financial oversight. To meet the demand, jobs in this developing field now require people who are up-to-date in cyberterrorism prevention to identify theft avoidance and conduct tax crime and credit card investigations. You'll complete this program with the skills you need to manage corporate and advanced technological resources and combat financial crime.

  • 10% growth for financial examiner job opportunities projected from 2016 to 2026, due to increasing demand for federal regulatory compliance amongst financial institutions1
  • 19% growth projected for financial managers with risk management skills from 2016 to 2026, a growth rate that far exceeds the average2
  • Top 10% of financial examiners earn more than $153,8503

Job growth is either steady or increasing, with Recruiter.com reporting that "vacancies for this career have increased by 29.04 percent nationwide (since 2004)" and "demand for Risk Management Specialists is expected to go up, with an expected 11,760 new jobs filled by 2018."4 Our Master of Science in Financial Crime and Compliance Management prepares you to tap into these opportunities and advance your career.

Graduate qualified for leadership positions in fraud analysis, fraud investigation, fraud examination, and compliance in many industries and law enforcement organizations.

Director, Enterprise Risk Management

$132,063/year

Enterprise risk managers work with companies to assess and identify the potential risks that may hinder the reputation, safety, security, and financial prosperity of their organization.5,6,7

Fraud Investigator

$64,690/year

Gather and analyze evidence, conduct interviews and interrogations, and build a case to identify and bring responsible parties to justice.7,8

Manager, Risk & Compliance

$90,000/year

The role of a compliance officer, sometimes called a compliance manager, is to make sure that a company is conducting its business in full compliance with all national and international laws and regulations that pertain to its particular industry, as well as professional standards, accepted business practices, and internal standards.9,10

Additional roles for financial crime experts:

  • Lawyer ($119,250/year)11
  • Officer with Anti-Money Laundering ($67,599/year)12
  • Senior Fraud Analyst ($52,752/year)13

 
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          Key Skills Employers Need

          • Apply organizational design and enterprise risk management skills to fraud and compliance issues in a national and global environment

          • Conduct advanced investigation and analysis, utilizing multiple data sources to prevent, detect, and mitigate fraud

          • Provide leadership to manage the use of analytical skills, investigation, and detection methods in economic crime management including auditing, data, mining, and modeling

          • Integrate theory and practice, reflecting current knowledge, high ethical standards, and professional responsibility

          • Recognize the increasing role of operational and compliance risk as it relates to information and communication technology

          • Manage the expanding role in loss mitigation and business continuity to protect the organization

          • Navigate the complex legal and compliance regulations impacting public and private sector organization

          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:

          1Bureau of Labor Statistics. (2018, April 13). Financial Examiners. Retrieved on December 29, 2018, from https://www.bls.gov/ooh/business-and-financial/financial-examiners.htm#tab-1
          2Bureau of Labor Statistics. (2018, April 13). Financial Managers. Retrieved on December 23, 2018, from https://www.bls.gov/ooh/management/financial-managers.htm
          3Bureau of Labor Statistics. (2018, April 13). Financial Examiners. Retrieved on December 29, 2018, from https://www.bls.gov/ooh/business-and-financial/financial-examiners.htm#tab-5
          4Recruiter. (n.d.). Career Outlook and Job Vacancies for Risk Management Specialists. Retrieved January 2, 2019, from https://www.recruiter.com/careers/risk-management-specialists/outlook/
          5Salary.com. (n.d.) Salary for Risk Management Director. Retrieved on November 1, 2018, from, https://www1.salary.com/Risk-Management-Director-salary.html
          6All About Careers. (n.d.). Risk Manager. Retrieved January 2, 2019, from https://www.allaboutcareers.com/careers/job-profile/risk-manager
          7Bureau of Labor Statistics. (2018, April 13). Claims Adjusters, Appraisers, Examiners, and Investigators. Retrieved January 2, 2019, from https://www.bls.gov/ooh/business-and-financial/claims-adjusters-appraisers-examiners-and-investigators.htm
          8PayScale. (n.d.). Average Fraud Investigator Salary. Retrieved January 2, 2019, from https://www.payscale.com/research/US/Job=Fraud_Investigator/Salary
          9PayScale. (n.d.). Average Compliance Risk Manager Salary. Retrieved January 2, 2019, from https://www.payscale.com/research/US/Job=Compliance_Risk_Manager/Salary
          10Robert Walters USA. (n.d.). The role of a compliance officer. Retrieved January 2, 2019, from https://www.robertwalters-usa.com/career-advice/the-role-of-a-compliance-officer.html
          11Bureau of Labor Statistics. (2018, April 13). Lawyers. Retrieved January 2, 2019, from https://www.bls.gov/ooh/legal/lawyers.htm
          12PayScale. (n.d.). Compliance Officer with Anti-Money Laundering (AML) Skills Salary. Retrieved January 2, 2019, from https://www.payscale.com/research/US/Job=Compliance_Officer/Salary/86503f63/Anti-Money-Laundering-AML
          13Glassdoor. (n.d.). Salary: Senior Fraud Analyst. Retrieved January 2, 2019, from https://www.glassdoor.com/Salaries/senior-fraud-analyst-salary-SRCH_KO0,20.htm