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Fraud Analyst Salary

Fraud Analysts in the United States may have to scrimp and save; the median compensation is $43K annually. Cash earnings for Fraud Analysts — including $6K in bonuses and $2K in profit sharing proceeds near the top of the pay scale — generally stretch from $27K to $65K depending on individual performance. This group's pay is mainly influenced by residence, followed by tenure and the particular employer. Most report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. Women make up a slight majority of Fraud Analysts (55 percent) survey respondents. The data in this summary comes from the PayScale salary survey.
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$30,372 - $70,655
(Median)
$30K
$43K
$71K
MEDIAN: $43,341
10%
50%
90%

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$12.24 - $20.81
(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
$30,372 - $70,655  
   
Bonus
$0.00 - $5,852  
Profit Sharing
$-0.50 - $2,466  
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).
)
$27,469 - $64,691  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 307
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
$12.24 - $20.81  
   
Overtime
$17.64 - $30.59  
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 - $5,852  
   
Profit Sharing
$-0.50 - $2,466  
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).
)
$27,469 - $64,691  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 235

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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

  • 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 $47K per year.

Fraud Analyst Job Listings

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Popular Employer Salaries for Fraud Analyst


J.P. Morgan Chase & Co. (JPMCC) offers the lowest pay in the field with a median salary of just $34K, but on the other end, some employees may earn up to $57K.

Popular Skills for Fraud Analyst


Survey results suggest that Fraud Analysts use a fairly large toolkit of professional skills. Most notably, skills in Microsoft Excel, SQL, Risk Management / Risk Control, and Data Analysis are correlated to pay that is above average, with boosts between 16 percent and 19 percent. Skills that are correlated to lower pay, on the other hand, include Customer Service. Those educated in Customer Service tend to be well versed in SQL.

Pay by Experience Level for Fraud Analyst

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


Although individuals who have less than five years' experience earn $37K on average, people with five to 10 years benefit from a notably larger average of $44K. On average, Fraud Analysts make $49K following one to two decades on the job. Survey participants with more than twenty years of experience only make around $39K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

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

United States (change)

Experience Affects Fraud Analyst Salaries



National Average
$39,000

Late-Career
up arrow 1%


Skills That Affect Fraud Analyst Salaries

Microsoft Excel
up arrow 19%

SQL
up arrow 17%

Risk Management / Risk Control
up arrow 16%

Data Analysis
up arrow 2%

National Average
$39,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 101 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
9%
1-4 years
53%
5-9 years
23%
10-19 years
13%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 80%
vision benefits Vision: 71% employee benefits None: 9%
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