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The differences between forensic accountants and forensic investigators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a forensic accountant and a forensic investigator. Additionally, a forensic accountant has an average salary of $66,833, which is higher than the $52,267 average annual salary of a forensic investigator.
The top three skills for a forensic accountant include CPA, litigation and forensic accounting. The most important skills for a forensic investigator are incident response, windows, and FTK.
| Forensic Accountant | Forensic Investigator | |
| Yearly salary | $66,833 | $52,267 |
| Hourly rate | $32.13 | $25.13 |
| Growth rate | 6% | 11% |
| Number of jobs | 39,176 | 5,032 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 55% |
| Average age | 44 | 38 |
| Years of experience | 4 | 4 |
Working close together with law enforcement agencies, a forensic accountant specializes in investigating potential fraud and financial crimes. Their responsibilities typically include performing extensive research and analysis, gathering and analyzing various forms of financial data and storage, reviewing and validating documents, verifying information, and conducting internal and external financial audits. Most of the time, a forensic accountant presents research findings to lawyers and judges as evidence, which will require them to participate and testify in court proceedings.
A forensic investigator is responsible for collecting evidence and pieces of a clue to solve a complicated incident. A forensic investigator must have strong critical-thinking and problem-solving skills to handle various cases that would require intensive research and scientific principles application. Forensic investigators usually work closely with law enforcement personnel to identify all possible sources and secure evidence for further examination. They also study the scene where the incident happened, document observations, creating investigation reports, and communicating with several witnesses that would support possible claims.
Forensic accountants and forensic investigators have different pay scales, as shown below.
| Forensic Accountant | Forensic Investigator | |
| Average salary | $66,833 | $52,267 |
| Salary range | Between $44,000 And $100,000 | Between $27,000 And $98,000 |
| Highest paying City | Washington, DC | - |
| Highest paying state | Rhode Island | - |
| Best paying company | Berkeley Research Group | - |
| Best paying industry | Finance | - |
There are a few differences between a forensic accountant and a forensic investigator in terms of educational background:
| Forensic Accountant | Forensic Investigator | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 55% |
| Most common major | Accounting | Criminal Justice |
| Most common college | University of Pennsylvania | University of North Carolina at Chapel Hill |
Here are the differences between forensic accountants' and forensic investigators' demographics:
| Forensic Accountant | Forensic Investigator | |
| Average age | 44 | 38 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 65.1% Female, 34.9% |
| Race ratio | Black or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.1% White, 63.6% American Indian and Alaska Native, 0.5% | Black or African American, 9.7% Unknown, 5.7% Hispanic or Latino, 17.1% Asian, 10.4% White, 56.1% American Indian and Alaska Native, 1.0% |
| LGBT Percentage | 7% | 8% |