A Career in Fraud Management
Those seeking a degree in fraud management are generally interested in taking a more investigatory bent in their career. Jobs in this field are typically senior positions in management or executive level. Some might build on a criminal justice degree with an MBA in Fraud Management in order to advance their career. The job requires tremendous analytical and problem-solving skills, as well as excellent communication and interpersonal skills.
Legislation Fuels Demand
Training in fraud management will take both a law enforcement and business approach to the problem of both detecting and preventing fraud. The Sarbanes-Oxley act signed into law in 2002 has fueled demand for those in business and finance with a degree or training in fraud management. This act tightened legislation and scrutiny of corporate financial practices. Following high-level national corporate scandals and the adoption of Sarbanes-Oxley act, more companies are interested in having specialized positions focusing on fraud management. A degree program in fraud management prepares students for the specialized focus the job requires.
Top-Level Earnings
Earnings for those in financial management can be high. As a result competition for top jobs can be quite stiff. Frequently employers are more interested in applicants with experience in fraud management in addition to a degree or related training. Salaries for upper-level jobs in finance can range anywhere from $59,490 to $112,320, according to the U.S. Department of Labor. Larger corporations will typically pay more than smaller companies. Compensation packages can also include stock options and bonuses.
