Certified Fraud Examiners (CFEs) earn 17% more than their non-certified counterparts, and 62% report being happy on the job. These are just a few of the insights from the Association of Certified Fraud Examiner’s (ACFE) 2022 Compensation Guide for Anti-Fraud Professionals, which also revealed a slow trend toward gender diversity in the anti-fraud profession and changing workplace habits since the COVID-19 pandemic.
“The CFE credential can help distinguish anti-fraud professionals from their colleagues and represents a 17% premium, when withholding for key factors like geography, professional role and experience,” says ACFE Vice President of Membership Ross Pry, CFE.
The guide, using data from 5,040 fraud examiners from across the globe, shows that CFEs make more than their non-certified peers no matter where they are. CFEs in Latin America and the Caribbean outearn non-certified counterparts by 34%, while CFEs in the Middle East and North Africa are paid 21% more than non-CFEs in those countries. North American CFEs earn 12% more, and European and Sub-Sahara African CFEs earn 8% and 9% more, respectively. CFEs in Asia earn 1% more than non-CFEs.
North American fraud examiners have the highest median salary at $106,000, followed by European fraud examiners at $91,991. Middle Eastern and North African examiners’ median salary is $65,036, and in Latin America and the Caribbean the median is $62,413. Asian and Sub-Saharan African fraud examiners round out the list at $51,346 and $34,356, respectively.
ACFE members can delve deeper into the data and create their own compensation reports with the ACFE Salary Calculator at ACFE.com/CompGuide, using categories such as job function, education, industry, years of experience, and age and gender.
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