New Report Finds CFEs Earn Nearly 22% More Than Colleagues
/
GUEST BLOGGER
Leslie Simpson, CFE, ACFE Membership Director
Whether through news articles, e-mails or social media updates, I hear every day about the valuable contributions our members are making to the fight against fraud. Thanks to the newly-published 2010/2011 Compensation Guide for Anti-Fraud Professionals, I can now point to comparative analysis and data to back that up. The research in this newly-published study is based on the survey responses of more than 3,000 ACFE members (both CFEs and non-CFEs) conducted by the independent research firm Industry Insights in May 2010.
What is most encouraging about the data is how consistent the patterns have remained despite the economic downturn of the past two years. The pay advantage for having the CFE credential is still as evident and significant today as it was in our previous study in 2008.
Key findings:
- CFEs earn nearly 22 percent more than their non-certified colleagues in the anti-fraud profession.
- The CFE is especially valuable to forensic accountants, IRS agents, external auditors and management accountants. These were among the top-ranking job functions that showed the highest median salary advantage for having the CFE credential, with CFEs earning 39–45 percent more than non-CFEs.
- In the U.S., respondents in almost every geographic region reported that having the CFE credential increased their compensation.
Read the complete 2010/2011 Compensation Guide for Anti-Fraud Professionals here.