Fraud Analyst Salary

Fraud Analysts in the United States can expect to earn an average of $16.45 per hour. Cash earnings for Fraud Analysts — including $7K in bonuses and $10K in profit sharing proceeds near the top of the pay scale — generally stretch from $29K to $60K depending on individual performance. The most important factor affecting compensation for this group is residence, followed by career length and the particular employer. Most claim medical and dental insurance and a strong majority get vision coverage. The majority of workers are highly satisfied with their job. Women make up a slight majority of Fraud Analysts (59 percent) survey respondents. The numbers in this rundown were provided by PayScale's salary survey participants.
Read More
$32,606 - $64,894
$33K
$46K
$65K
MEDIAN: $46,118
10%
50%
90%

Add this chart to your site: 640px    300px

$12.35 - $23.36
$12
$16
$23
MEDIAN: $16.45
10%
50%
90%

Add this chart to your site: 640px    300px

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
$32,606 - $64,894  
   
Bonus
$0.00 - $6,795  
Profit Sharing
$-0.49 - $9,696  
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).
)
$29,390 - $60,123  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 267
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
$12.35 - $23.36  
   
Overtime
$15.52 - $36.25  
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 - $6,795  
   
Commission
$3,000  
Profit Sharing
$-0.49 - $9,696  
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).
)
$29,390 - $60,123  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 274

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Moving into a Fraud Investigator position seems to be a popular career progression. Median pay for this job is $49K annually.

Fraud Analyst Job Listings

Search for more jobs:

Popular Employer Salaries for Fraud Analyst


Bank of America Corp. (BOFA), J.P. Morgan Chase & Co. (JPMCC), Chase Bank, Regions Bank, and American Express Co. (AMEX) are leaders in the field that employ a large number of Fraud Analysts. Regions Bank offers the best pay with a median salary of $45K, though salaries there don't seem that varied, bottoming out near $33K and maxing out at just $47K.

Popular Skills for Fraud Analyst


Survey results show that Fraud Analysts use a fair number of skills. Most notably, facility with Bank Security Act Compliance, Banking, and Risk Management / Risk Control are correlated to pay that is significantly above average, leading to increases of 28 percent, 16 percent, and 15 percent, respectively. Those listing Microsoft Office as a skill should be prepared for drastically lower pay. Research Analysis and Customer Service also typically command lower compensation. Those familiar with Customer Service also tend to know SQL.

Pay by Experience Level for Fraud Analyst

Pay by Experience for a Fraud Analyst has a positive trend. An entry-level Fraud Analyst with less than 5 years of experience can expect to earn an average total compensation of $39,000 based on 375 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Fraud Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $45,000 based on 158 salaries. An experienced Fraud Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $47,000 based on 85 salaries. A Fraud Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $60,000 based on 14 salaries.

Pay Difference by Location

National Average: $41,039

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

San Francisco is home to an above-average pay rate for Fraud Analysts, 48 percent higher than the national average. Fraud Analysts can also look forward to large paychecks in cities like Pasadena (+19 percent), Tampa (+15 percent), Seattle (+14 percent), and Los Angeles (+13 percent). Compared to the national average, San Antonio Fraud Analysts have considerably lower salaries, 25 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Newark and Dallas are a couple other places where companies are known to pay below the median — salaries are 18 percent lower and 3 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
59 %
Male
41 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 104 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
▲46%

▲15%

▲9%

National Average
$41,000

▼6%

Skills That Affect Fraud Analyst Salaries

Bank Security Act Compliance
▲28%

Banking
▲16%


SQL
▲10%

Financial Analysis
▲10%


National Average
$41,000



Research Analysis
▼16%

Microsoft Office
▼23%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 104 votes.

Gender

Female
59 %
Male
41 %

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: 84%
dental benefits
Dental: 80%
vision benefits
Vision: 74%
no benefits
None: 14%