Forensic Accounting Master's Degrees
With the escalating threat of cybercrime, employers need diligent forensic accountants to implement anti-fraud technologies. Forensic accountants conduct money-laundering investigations and serve as experts during litigation.
Those holding a master's degree in forensic accounting online make a median annual salary of $70,500, according to the Bureau of Labor Statistics (BLS). Many professionals earn a CPA credential to further increase their take-home pay. Per BLS, employment in accounting and auditing should increase 6% between 2018 and 2028. A master's degree in forensic accounting greatly increases job prospects and earning potential.
What Can I Learn in an Online Master's in Forensic Accounting Program?
Online curricula in forensic accounting master's programs typically have little to no differentiation from their on-campus counterparts. Both give students a broad foundation in accounting ethics, law, tax policy, fraud examination, and financial theory. Classes cover contemporary issues in accounting through case studies. Students also study information technology through practical activities, interactive experiences, and mock trials.
By program's end, students know how to evaluate evidence, conduct investigations with computers, and serve as experts providing testimony in court. With specializations in digital forensics and elective classes in cybercrime and data mining, students can take classes that appeal to their career interests. Some master's in forensic accounting programs fulfill CPA exam requirements or offer certification in subjects like investigating or responding to cybercrime.
What Courses Are Offered in a Master's in Forensic Accounting Program?
The courses students take during a master's in forensic accounting online degree depend on the school, program, and instructor. Classes differ within programs, but many overlap across schools. Keep reading for an idea of what to expect.
Auditing Theory
Auditing theory covers all aspects of the auditing process, using case studies and computer software to give students practical experience. Students learn how to conduct an audit by planning and implementing procedures and analyzing findings.Accounting Ethics
By the end of an accounting ethics course, students understand the AICPA Code of Professional Conduct, which covers the industry principles and rules that guide accountants. Students analyze case studies related to moral and ethical violations, and also study the social and economic implications of ethical violations in accounting.Digital Forensics
Students enrolled in a digital forensics class learn digital forensic techniques to detect computer crimes. Through simulated investigations, students learn data mining processes, including how to handle evidence and testify in court as an expert.Fraud Examination
This class gives students an overview of the principles and practices of fraud examination. Classwork covers the functions of internal controls that prevent fraud in businesses. Students gain a broad knowledge in fraud prevention, psychology, criminology, court proceedings, and legislative oversight.Information Technology and Fraud
The curriculum in information technology and fraud courses teaches students to find financial inconsistencies using database and spreadsheet programs. Students learn to detect fraudulent financial reports by looking at historical cases in which businesses used information technology to commit crimes.
What Exams or Projects Should I Expect?
Toward the end of a master's in forensic accounting program, students should expect to complete a capstone project in a subject of their choice. Not every program requires a final project, and specific requirements for final projects differ depending on the school.
Generally, students must integrate everything they learned during the program for a final project, though they may have the option of completing an internship instead of a research project. While forensic accounting master's programs typically do not require an exam, they usually prepare students to take the CPA exam after graduation.
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How Much Can I Make With a Career in Forensic Accounting?
The pay for professionals in accounting differs based on specialized training, experience, credentials, and location. To get an idea of your salary potential after earning a master's in forensic accounting online, take a look at the chart below with careers and job outlook data.
Salary and Job Growth
| Career |
Median Annual Salary |
Job Growth 2018-2028 |
Description |
| Fraud Examiners, Investigators, and Analysts |
$70,280 |
4%-6% |
Fraud examiners and investigators interview witnesses, write reports, and collect evidence. Their work requires excellent communication and analytical skills. Fraud examiners also use critical thinking and sound judgment to evaluate possible cases of fraud. |
| Auditors |
$70,500 |
4%-6% |
Auditors work for private accounting firms, finance companies, and the government to prepare reports. They analyze financial records to ensure that companies adhere to the law. Based on their findings, they recommend financial changes to the board. Employers require a minimum of an accounting degree, and some prefer candidates with a master's degree. |
| Financial Examiners |
$80,180 |
7%-10% |
Financial examiners conduct investigations to verify that financial institutions comply with laws and regulations. Their duties include investigating financial records and compiling operational reports. They also investigate real estate deals to ensure compliance with the law. A regular day may include meeting with bank directors and independent accountants to provide consultation and help companies implement financial decisions. |
Online Master's in Forensic Accounting Program Accreditation
Forensic accounting master's programs are accredited much like colleges and universities. Accreditation by an independent body ensures that student outcomes and teaching meet regulatory standards. This protects a student's investment and ensures that they receive a quality education.
Students often earn a master's in forensic accounting online degree through business schools, which are commonly accredited by the Association to Advance Collegiate Schools of Business or the Accreditation Council for Business Schools and Programs.
How to Pay for a Master's in Forensic Accounting Degree
A small percentage of students enter college with the financial means to pay for their education. The rest must explore alternate avenues to pay for their degrees. Below, you can explore some of the options to pay for your tuition and other college expenses:
Employer Assistance
Companies often offer financial reimbursement for employees seeking advanced education. For example, the human resources department might offer tuition assistance programs that cover all or some of an employee's tuition.Federal Loans
After applying for the FAFSA, students can receive low-interest federal loans. Graduate students can apply for unsubsidized Stafford loans or Direct PLUS loans, which accrue interest after the disbursement date. Parents of students can also apply for Direct PLUS loans on behalf of their children.Grants
Students do not need to repay grant money, making them a valuable source of funding. Federal grant programs offer need-based funding for graduate students. Students can also find grants through nonprofits, colleges, and the state. Check with your financial aid office for more information.
Scholarships for Master's in Forensic Accounting Students
| Scholarship |
Amount |
Who Can Apply |
AICPA John L. Carey Scholarship |
$5,000 |
Graduate students attending an accounting program accredited by the American Institute of Certified Public Accountants (AICPA) may apply. Applicants must also plan to apply for CPA licensure. There are five winners every year. |
AICPA Scholarship For Minority Accounting Students |
$3,000-$5,000 |
This scholarship awards education funding to minority students studying accounting, and has been doing so for more than 40 years. The award goes to undergraduate and graduate students studying accounting. Candidates must hold a 3.0 minimum GPA and be U.S. citizens. |
Ritchie-Jennings Memorial Scholarship Program |
$1,000-$10,000 |
The Association of Certified Fraud Examiners offers this scholarship to students pursuing careers as certified fraud examiners. Graduate students must be enrolled in an accredited college and taking at least six credits. |
Herman J. Neal Scholarship |
$4,000 |
African-American graduate students pursuing a degree in accounting and CPA credential can apply for this scholarship. To apply, students need a minimum GPA and must sit for the Illinois CPA exam within three years of application. |
Association of Latino Professionals For America Scholarship Program |
$2,500-$10,000 |
Established in 1972, ALPFA offers scholarships for its student members who are studying accounting. Students receive their awards at the national convention scholarship luncheon. Eligible applicants need a 3.0 minimum GPA. |
Professional Organizations and Resources
Entering the workforce after college can overwhelm even the most prepared graduates. Professional accounting organizations help graduates and current students find a community of fellow forensic accountants to help them access job opportunities, obtain credentials, and find scholarships. Below, you can explore several professional accounting organizations.
AFWA began in 1938 with the goal of providing women with more opportunities in the field. Members get discounts to the national conference and access to scholarships, job boards, and a community of women in accounting.
Established in 1887, AICPA represents more than 429,000 members and sets the standards for audits. Accountants can earn numerous credentials through AICPA, including the CPA license.
AAA fosters a community where accountants can share research and collaborate. Members get access to AAA publications through the digital library and can post their resumes for free in the career center.
With more than 85,000 members, ACFE works to eliminate fraud across the world. Becoming a member gives fraud examiners access to professional development opportunities, career services, and networking events.
Established in 1945, the National Society of Accountants provides support for tax and accounting professionals. Professionals can earn certification in the field, including the accredited business advisor/accountant credential. Members also get accounting service discounts.
Online Master's in Forensic Accounting
#1 Online Master’s Programs In Forensic Accounting
University of North Carolina at Pembroke
- Pembroke, NC
- 4 years
- Online + Campus
Distance learners can enroll in the University of North Carolina at Pembroke's high-quality, accessible graduate programs. In addition to on-campus options, students at the public institution can pursue 10 programs in an online format. At the school, graduate degree-seekers can enroll in the MBA in forensic accounting program. The online program's scheduling flexibility is ideal for students balancing academics with personal and professional obligations.
The graduate-level curriculum comprises core coursework and advanced forensic accounting classes. Students who plan to pursue specialized careers can complete practical learning experiences aligning with their professional goals. Master's degree-seekers pursuing their degree full time typically graduate in 1-2 years. For specific application details, including requirements and deadlines, prospective learners can review information on the institution's website.
Affordable tuition rates and institutional funding make pursuing graduate studies easier for many learners. In-state graduate students at the institution pay an average tuition rate of $4,280, and out-of-state graduate students pay an average of $16,344. Many enrollees use financial aid to pay for their master's degree. To fund their education, 90% of the school's students receive financial aid.
Percent Online Enrollment
60%
Percentage of all students who are enrolled online.
Accreditation
Yes
Southern Association of Colleges and Schools Commission on Colleges
#2 Online Master’s Programs In Forensic Accounting
West Virginia University
- Morgantown, WV
- 4 years
- Online + Campus
Learners at West Virginia University can enroll in a variety of top-ranked academic programs, including an online forensic accounting master's program. In addition to on-campus students, 9,196 students enroll in the public institution's online programs. Many online programs feature flexible scheduling options that benefit working professionals.
The master's in forensic and fraud examination's rigorous curriculum helps degree-seekers develop transferable career skills while gaining advanced knowledge in forensic accounting. Graduate students consult with faculty mentors to select courses based on their professional goals. While pursuing the master's degree, online learners develop industry-specific knowledge and complete flexible coursework. After earning the forensic accounting degree, graduates often land competitive roles in their field. Master's students can use the institution's career services to plan their professional futures.
Graduate-level learners can access support services including career advising, online tutoring, and financial aid counseling. The school's affordable tuition rates make graduate studies more accessible. Learners pursuing a master's degree can research additional financial aid options, including private scholarships and fellowships.
Percent Online Enrollment
34%
Percentage of all students who are enrolled online.
Accreditation
Yes
Higher Learning Commission
#3 Online Master’s Programs In Forensic Accounting
Liberty University
- Lynchburg, VA
- 4 years
- Online + Campus
A great option for distance learners, Liberty University offers an e-learning master's program. The school, located in Virginia, reports that 8,082 students take online classes. Graduate students can earn their online master's in forensic accounting at the college. The accredited curriculum blends theoretical and practical knowledge. The program's advanced training prepares graduates for forensic accounting careers. The school offers a student-to-faculty ratio of 17-to-1, giving students one-on-one attention from faculty.
Prospective students can learn more about online support services at the school's website. The online forensic accounting program charges affordable tuition rates and offers financial aid. This makes the program an affordable option for graduate students on a budget. The school has a graduation rate of 47% for its programs.
Liberty University at a Glance:
Total Online Enrollment: 78,511
Number of Online Master’s Programs: 67
Average Cost Per Credit: $750
Graduate Tuition: $7,980/year in-state and out-of-state
The school has received accreditation from the Southern Association of Colleges and Schools Commission on Colleges.
Percent Online Enrollment
92%
Percentage of all students who are enrolled online.
Accreditation
Yes
Southern Association of Colleges and Schools Commission on Colleges
#4 Online Master’s Programs In Forensic Accounting
Utica College
- Utica, NY
- 4 years
- Online + Campus
Utica College stands out among schools offering online forensic accounting programs. The institution delivers 22 online programs, including seven online master's programs. Graduate degree-seekers can enroll in the master's in financial crime and compliance management program. Students can pursue the online forensic accounting program to access flexible enrollment options that make earning a degree easier.
Learners gain foundational knowledge during core classes and complete advanced forensic accounting coursework to develop specialized skills. Students can select field-specific electives and complete practical learning experiences to prepare for industry roles. Full-time master's degree-seekers typically require 1-2 years to complete the program. Admissions advisors provide prospective applicants with details about application deadlines and requirements.
Online learners at the school pay affordable tuition rates. Residents of New York and other states pay an average graduate tuition rate of $21,480 at the institution. Degree-seekers at the school pay a per-credit tuition rate averaging $658. Enrollees with financial need can fund their education through federal grants and loans. According to the school, 98% of the student body receives financial aid to fund their education.
Percent Online Enrollment
61%
Percentage of all students who are enrolled online.
Accreditation
Yes
Middle States Commission on Higher Education
#5 Online Master’s Programs In Forensic Accounting
Southern New Hampshire University
- Manchester, NH
- 4 years
- Online + Campus
Southern New Hampshire University delivers a respected online master's program in forensic accounting. With 106,762 distance students, the private institution also offers programs on campus in Manchester. The online programs' flexible scheduling options can make it easier for busy learners to complete degree requirements.
The MS in accounting program features a rigorous curriculum and meets high academic standards. Students can customize the program through experiential learning opportunities and electives. The online forensic accounting program prioritizes flexible scheduling and specialized industry skills development. After earning the master's degree, graduates often secure advanced forensic accounting roles. The institution's career services and alumni network can help master's students locate and secure professional opportunities.
The school delivers career advising and financial aid counseling to help graduate learners plan their academic and professional futures. Affordable tuition rates and institutional funding make pursuing graduate studies easier for many learners. Learners earning a master's degree can research additional financial aid options, including private scholarships and fellowships. Graduate degree-seekers in the school's online programs pay an average per-credit tuition rate of $465.
Students Enrolled
113,514
Percent Online Enrollment
94%
Percentage of all students who are enrolled online.
Accreditation
Yes
New England Commission on Higher Education
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