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Fraud Analyst Salary

Those pursuing careers as Fraud Analysts in the United States may have to make do with less; average incomes for people in this area hover around only $43K annually. Total cash earnings of Fraud Analysts range from $27K on the low end to $64K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $6K and $2K, respectively. Location is the main element affecting pay for this group — career duration and the individual firm are driving factors as well. Most Fraud Analysts report high levels of job satisfaction. Women make up a slight majority of Fraud Analysts (56 percent) survey respondents. Most report receiving medical coverage from their employers and a large number collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$30,414 - $69,749
(Median)
$30K
$43K
$70K
MEDIAN: $42,502
10%
50%
90%

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$12.11 - $20.79
(Median)
$12
$15
$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
$30,414 - $69,749  
   
Bonus
$0.00 - $5,831  
Profit Sharing
$-0.50 - $1,521  
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).
)
$27,266 - $64,269  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 267
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
$12.11 - $20.79  
   
Overtime
$17.18 - $30.46  
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 - $5,831  
   
Profit Sharing
$-0.50 - $1,521  
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).
)
$27,266 - $64,269  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 201
United States (change)

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.

Fraud Analyst Job Listings

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Popular Employer Salaries for Fraud Analyst


Popular Skills for Fraud Analyst


Survey results imply that Fraud Analysts put a diverse skill set to use. Most notably, facility with Microsoft Excel, SQL, and Risk Management / Risk Control are correlated to pay that is significantly above average, leading to increases of 23 percent, 22 percent, and 18 percent, respectively. Skills that seem to negatively impact pay include Customer Service. The majority of those who know 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.


Those in the early stages of their career can expect to make around $37K; however, individuals with five to 10 years of experience bring in $44K on average — a distinctly larger sum. After working for 10 to 20 years, Fraud Analysts make a median salary of $49K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $39K.

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

Experience Affects Fraud Analyst Salaries

Experienced
up arrow 26%


Late-Career
up arrow 2%

National Average
$39,000


Skills That Affect Fraud Analyst Salaries

Microsoft Excel
up arrow 23%

SQL
up arrow 22%

Risk Management / Risk Control
up arrow 18%

Data Analysis
up arrow 4%

National Average
$39,000

Customer Service
up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 91 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
9%
1-4 years
52%
5-9 years
23%
10-19 years
13%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 81%
vision benefits Vision: 69% employee benefits None: 8%