2024 Compensation Guide for Anti-Fraud Professionals: Key Insights and Trends

The ACFE's Compensation Guide has long been a critical resource for fraud examiners, providing valuable insights and trends into salaries, benefits and professional growth opportunities in the anti-fraud industry. The 2024 Compensation Guide for Anti-Fraud Professionals comes with several new findings and analysis, reflecting the evolving landscape of the anti-fraud profession. 

What’s New This Year 

• Updated Salary Ranges: The 2024 Compensation Guide includes updated salary ranges for fraud examiners across different regions, job roles and experience levels. 
• Expanded Industry Breakdown: This edition provides a granular breakdown of compensation by industry, allowing fraud examiners to benchmark their salaries more accurately against peers in similar sectors, such as health care, finance, government and energy. 
• Emerging Job Roles and Specializations: As fraud schemes become more complex, the demand for specialized roles such as data analytics, cyberfraud prevention and forensic accounting has grown. The guide highlights these emerging roles and their corresponding compensation trends. 

Analyzing Trends and What They Mean for You 

Understanding the trends and data presented in the 2024 Compensation Guide can help fraud examiners make informed career decisions. Some key trends include: 

• Certification and Education Premiums: Holding certifications such as the Certified Fraud Examiner (CFE) credential continues to provide a competitive edge in compensation. The guide indicates that CFEs earn, on average, 32% more than their non-certified counterparts. Additionally, advanced degrees and continuous education can further enhance earning potential. 
• Impact of Experience: As expected, experience plays a substantial role in compensation. The 2024 guide provides detailed insights into how salaries increase with years of experience.  
• Gender Pay Gap: This year’s guide shows the median compensation for female anti-fraud professionals surveyed was $102,000, compared to $108,000 for males with women making up 41.6% of survey responses.  

Navigating Your Career Path 

The 2024 Compensation Guide is not just a tool for understanding salary trends; it is also a resource for career planning. Here are a few ways to leverage the guide: 

• Benchmark Your Salary: Use the guide to compare your current salary against industry standards. This can be valuable when negotiating raises or considering a job change. 
• Identify Growth Opportunities: Look at emerging roles and in-demand skills that can help you stay competitive in the anti-fraud industry. Consider obtaining additional certifications or specializing in areas like data analytics or cyberfraud. 
• Understand the Value of Your Credentials: If you are already certified or have advanced education, the guide can help you understand the financial benefits of these credentials and strategize how to leverage them for further career advancement. 
• Calculate Total Compensation: The Salary Calculator tool was developed to help you predict total compensation and total compensation ranges for anti-fraud professionals. Use various factors such as job function, industry and level of responsibility to create your tailored report. 

Download the 2024 Compensation Guide for Anti-Fraud Professionals today to gain a deeper understanding of salary trends, industry benchmarks and career opportunities in fraud examination. Equip yourself with the knowledge you need to take your career to the next level.