Fraud Analyst Salary

The median salary for Fraud Analysts in the United States is $44K annually, and compared to other cities, San Francisco offers the biggest paychecks at around $55K on average. Fraud Analysts can also look forward to large paychecks in cities like Columbus (+24 percent), Tampa (+21 percent), Seattle (+14 percent), and Bellevue (+6 percent). The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$30,361 - $70,299
(Median)
$30K
$44K
$70K
MEDIAN: $43,509
10%
50%
90%

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$12.35 - $20.88
(Median)
$12
$16
$21
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Salary
$30,361 - $70,299  
   
Bonus
$0.00 - $5,867  
Profit Sharing
$-0.50 - $2,483  
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).
)
$27,497 - $64,750  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 316
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$12.35 - $20.88  
   
Overtime
$17.43 - $31.65  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $5,867  
   
Profit Sharing
$-0.50 - $2,483  
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).
)
$27,497 - $64,750  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 245
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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

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

Common Career Paths for Fraud Analyst


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Fraud Analysts might see a strong upturn in salary after transitioning into upper-level roles such as Fraud Investigator, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $48K per year.

Fraud Analyst Job Listings

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Popular Employer Salaries for Fraud Analyst


Popular Skills for Fraud Analyst


Fraud Analysts report using a pretty varied skill set on the job. Most notably, skills in Research Analysis, Microsoft Excel, SQL, and Risk Management / Risk Control are correlated to pay that is above average, with boosts in pay of 18 percent. Skills that are correlated to lower pay, on the other hand, include Customer Service and Banking. For most people, competency in Customer Service indicates knowledge of SQL.

Pay by Experience Level for Fraud Analyst

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


Salaries of relatively inexperienced workers fall in the neighborhood of $38K, but folks who have racked up five to 10 years see a notably higher median of $44K. Fraud Analysts claiming one to two decades of experience make an estimated median of $49K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $39K on average.

Fraud Analyst Reviews

What is it like working as a Fraud Analyst?

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

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Experience Affects Fraud Analyst Salaries



National Average
$39,000

Late-Career
up arrow 1%


Skills That Affect Fraud Analyst Salaries

Research Analysis
up arrow 18%

SQL
up arrow 17%

Microsoft Excel
up arrow 17%

Risk Management / Risk Control
up arrow 16%

Data Analysis
up arrow 2%

National Average
$39,000

Banking
up arrow 5%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 99 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
9%
1-4 years
53%
5-9 years
22%
10-19 years
14%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 80%
vision benefits Vision: 70% employee benefits None: 9%
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