Fraud Analyst Salary

Salaries for Fraud Analysts in the United States average out at around $43K per year, but San Francisco employers pay the most, offering approximately $55K on average. Fraud Analysts will also find cushy salaries in Columbus (+23 percent), Tampa (+20 percent), Seattle (+14 percent), and Bellevue (+6 percent). This snapshot results from replies to PayScale's salary survey.
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$30,276 - $70,202
(Median)
$30K
$43K
$70K
MEDIAN: $43,399
10%
50%
90%

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$12.37 - $21.01
(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
$30,276 - $70,202  
   
Bonus
$0.00 - $5,817  
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).
)
$27,503 - $64,452  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 318
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
$12.37 - $21.01  
   
Overtime
$17.46 - $31.60  
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 - $5,817  
   
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).
)
$27,503 - $64,452  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 244
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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 often transition into Fraud Investigator positions, for which compensation tends to be much higher. On average, Fraud Investigators earn $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 diverse set of skills 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 pay less than market rate include Customer Service and Banking. Those proficient in Customer Service are, more often than not, also skilled in SQL.

Pay by Experience Level for Fraud Analyst

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


Respondents with less than five years' experience take home $38K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $44K. For Fraud Analysts, 10 to 20 years of experience on the job amounts to an average salary of $49K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $40K by contrast.

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



Late-Career
up arrow 1%

National Average
$39,000


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
54 %
Male
46 %

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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