Fraud Analyst Salary

Fraud Analysts in the United States earn an average of $44K annually; salaries are particularly strong in San Francisco, where workers earn around $56K. Fraud Analysts can also look forward to large paychecks in cities like Seattle (+18 percent), Bellevue (+6 percent), Miami (+4 percent), and San Diego (+2 percent). This overview is based on answers to PayScale's salary questionnaire.
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$30,624 - $68,761
(Median)
$31K
$44K
$69K
MEDIAN: $44,005
10%
50%
90%

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$12.33 - $21.31
(Median)
$12
$16
$21
MEDIAN: $15.00
10%
50%
90%

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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$23K$46K$69K
Salary
$30,624 - $68,761  
   
Bonus
$0.00 - $6,026  
Profit Sharing
$-0.49 - $2,909  
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).
)
$28,014 - $63,640  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 366
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$12$24$36
Hourly Rate
$12.33 - $21.31  
   
Overtime
$17.24 - $34.47  
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$24K$48K$72K
Bonus
$0.00 - $6,026  
   
Profit Sharing
$-0.49 - $2,909  
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).
)
$28,014 - $63,640  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 298
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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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Advancing into a Fraud Investigator role seems to be a popular career move for Fraud Analysts, and folks who currently work in the latter position report a notably larger median income of $48K per year.

Fraud Analyst Job Listings

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Popular Employer Salaries for Fraud Analyst


Although the highest salaries can be found at Bank of America Corp. (BOFA) where median pay is $35K, there is little variation in compensation; paychecks are spread only between $28K and $46K.

Popular Skills for Fraud Analyst


Survey results suggest that Fraud Analysts use a fairly large toolkit of professional skills. Most notably, skills in Risk Management / Risk Control, SQL, Research Analysis, and Data Analysis are correlated to pay that is above average, with boosts between 9 percent and 16 percent. Skills that seem to negatively impact pay 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.


The average beginner in this position makes around $38K, but folks who have been around for five to 10 years see a markedly higher median salary of $44K. Fraud Analysts who work for 10 to 20 years in their occupation tend to earn about $49K. Survey participants with more than twenty years of experience only make around $40K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Pay Difference by Location

National Average: $39,193

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

Fraud Analyst Reviews

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

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Experience Affects Fraud Analyst Salaries



Late-Career
up arrow 3%

National Average
$39,000


Skills That Affect Fraud Analyst Salaries

SQL
up arrow 16%

Risk Management / Risk Control
up arrow 16%

Research Analysis
up arrow 9%

Data Analysis
up arrow 1%

Microsoft Excel
0%

National Average
$39,000

Banking
up arrow 5%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 109 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
9%
1-4 years
55%
5-9 years
22%
10-19 years
13%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
medical benefits
Vision: 72%
dental benefits
None: 10%
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