Fraud Analyst Salary

Earnings for Fraud Analysts in the United States come in at around $16.44 per hour on average. Final cash compensation to Fraud Analysts varies from around $29K to approximately $60K; choice pay grades include potential for bonuses and profit sharing as high as $6K and $10K, respectively. Geography is the main element affecting pay for this group — years of experience and the individual firm are driving factors as well. Most receive medical and dental insurance and a strong majority get vision plans. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Job satisfaction is high and work is enjoyable for most Fraud Analysts. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$31,937 - $65,801
$32K
$46K
$66K
MEDIAN: $45,758
10%
50%
90%

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$12.25 - $23.07
$12
$16
$23
MEDIAN: $16.44
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Salary
$31,937 - $65,801  
   
Bonus
$0.00 - $6,268  
Profit Sharing
$-0.49 - $9,787  
Commission
$3,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,050 - $60,388  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 281
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$12.25 - $23.07  
   
Overtime
$15.50 - $36.30  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$0.00 - $6,268  
   
Commission
$3,000  
Profit Sharing
$-0.49 - $9,787  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,050 - $60,388  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 285

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Fraud Analyst

A fraud analyst specializes in investigating suspicious activities that could potentially include fraud. Fraud analysts often work with law enforcement officers, and they have an expansive knowledge of finance and relevant computer programs to perform their job. The job responsibilities of a fraud analyst include researching criminal fraud methods and tools, tracking financial data, creating reports, identifying and investigating possible fraudulent activities, and developing techniques and tools useful in the prevention of fraud. Fraud analysts are responsible for tracking criminal fraud, which may involve monitoring financial transactions and analyzing the data retrieved for irregular patterns. Fraud analyst work in a variety of industries, but they usually work in a private institution such as a bank.

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Fraud Analyst Tasks

  • Analyze data from multiple sources to identify discrepancies, spot fraud, and eliminate suspicion.
  • Educate staff and contractors on fraud and associated behaviors.
  • Write reports, and document evidence, findings, and recommendations.
  • Interview and elicit information from staff and contractors to resolve questions.

Common Career Paths for Fraud Analyst


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Many Fraud Analysts move into Fraud Investigator roles, in which average pay is a slightly higher $49K per year.

Fraud Analyst Job Listings

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Popular Employer Salaries for Fraud Analyst


Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Chase Bank, American Express Co. (AMEX), and The PNC Financial Services Group, Inc. are leaders in the field that employ a large number of Fraud Analysts. American Express Co. (AMEX) attracts talent by shelling out the biggest paychecks in the area — the median in that office is $41K.

Popular Skills for Fraud Analyst


Fraud Analysts report using a pretty varied skill set on the job. Most notably, facility with Bank Security Act Compliance, Risk Management / Risk Control, and Banking are correlated to pay that is significantly above average, leading to increases of 29 percent, 17 percent, and 16 percent, respectively. Those listing Microsoft Office as a skill should be prepared for drastically lower pay. Customer Service and Research Analysis also typically command lower compensation. Most people familiar with Customer Service also know SQL.

Pay by Experience Level for Fraud Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience is an important factor influencing the compensation of Fraud Analysts. People who have worked for fewer than five years bring home $39K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $45K. Fraud Analysts claiming one to two decades of experience make an estimated median of $47K. Survey participants who have worked for more than two decades report bringing in $59K on average.

Pay Difference by Location

National Average: $40,923

Larger city markers indicate a job is popular in that location.

Fraud Analysts will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 47 percent. Fraud Analysts can also look forward to large paychecks in cities like Pasadena (+19 percent), Tampa (+15 percent), Seattle (+13 percent), and Los Angeles (+13 percent). One of the biggest compensable factors for Fraud Analysts is geography, with workers in San Antonio earning a whopping 24 percent below the national average. Not at the bottom but still paying below the median are employers in Newark and San Diego (18 percent lower and 2 percent lower, respectively).

Fraud Analyst Reviews

Q: What is it like working as a Fraud Analyst?

Fraud Analyst in West Jordan:
"Interesting fun job."
Pros: I like the people I work with. I like the various projects and fraud patterns I investigate, it's interesting to learn more about how people steal money and commit ID theft on this world with so much data.
Cons: Tracking everything I do.

Fraud Analyst in Harrisburg:
"Very Interesting Thus Far."
Pros: The people I work with are great.
Cons: The pay and the hours.

Related Job Salaries

Key Stats for Fraud Analyst

Gender

Female
56 %
Male
44 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 108 votes.
Less than 1 year
8%
1-4 years
53%
5-9 years
22%
10-19 years
15%
20 years or more
3%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Fraud Analyst Salaries

Late-Career
▲44%

▲16%

▲9%

National Average
$41,000

▼6%

Skills That Affect Fraud Analyst Salaries

Bank Security Act Compliance
▲29%


Banking
▲16%

Financial Analysis
▲10%

SQL
▲7%


Data Analysis
▼0%

National Average
$41,000

Research Analysis
▼5%


Microsoft Office
▼23%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 108 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
8%
1-4 years
53%
5-9 years
22%
10-19 years
15%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 79%
vision benefits
Vision: 74%
dental benefits
None: 14%
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