Fraud Analyst Salary (United States)

A relatively unseasoned group of workers, slightly less than two-thirds of Fraud Analysts report fewer than five years on the job; the group as a whole earns roughly $38,625 per year on average. Compensation starts at $26,883 and can reach $63,190 per year. Earnings for this group are mostly affected by location, followed by career duration and the specific company. Almost all workers enjoy medical while a solid majority get dental coverage in this occupation. Vision coverage is also available to most. Women make up a slight majority of Fraud Analysts (56 percent). Job satisfaction for Fraud Analysts is high. This outline is derived from replies to PayScale's salary survey.
Fraud Analyst Salary (?
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.
)
$30,206 - $67,314
(Median)
30K
42K
52K
67K
MEDIAN: $42,482
10%
50%
75%
90%
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Fraud Analyst Salary (?
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.
)
$11.97 - $20.82
(Median)
12
17
21
MEDIAN: $15.00
10%
75%
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$23K$46K$69K
Salary
$30,206 - $67,314  
   
Bonus
$0.00 - $5,776  
Profit Sharing
$97.87 - $1,546  
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).
)
$26,883 - $63,190  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 244
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
$11.97 - $20.82  
   
Overtime
$16.98 - $30.64  
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 - $5,776  
   
Profit Sharing
$97.87 - $1,546  
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).
)
$26,883 - $63,190  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 178
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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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More often than not, Fraud Analysts can expect a sizeable increase in earnings as they climb the career ladder. For example, top-notch roles like Fraud Investigator can offer an extra $8,089 annually than lower-level jobs in the same field.

Fraud Analyst Job Listings

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Popular Employer Salaries for Fraud Analyst

Bank of America Corp. (BOFA) offers the largest salaries in town—$35,045 on average—but the considerable range in workers' salaries (stretching from $27K to $47K) creates a rather varied pay scale. J.P. Morgan Chase & Co. (JPMCC) offers the lowest pay in the field, with a median salary of just $33,238.

Popular Skills for Fraud Analyst

Survey results suggest that Fraud Analysts put a wide range of professional skills to use. Most notably, facility with Risk Management / Risk Control, Microsoft Excel, and SQL are correlated to pay that is significantly above average, leading to increases of 26 percent, 24 percent, and 23 percent, respectively. Skills that seem to negatively impact pay include Customer Service. Most people experienced in Customer Service also know SQL.

Pay Difference By Location

San Francisco
up arrow 37%
Columbus
up arrow 26%
Tampa
up arrow 22%
San Diego
up arrow 4%
Los Angeles
up arrow 2%
National Average
$39,000
Atlanta
up arrow 3%
Chicago
up arrow 7%
Phoenix
up arrow 13%
Newark
up arrow 16%
San Antonio
up arrow 22%
Larger circles over a city indicate a job is popular in that location.
Fraud Analysts will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 37 percent. Also paying near the top of the field are Columbus, Tampa, San Diego, and Los Angeles, where Fraud Analysts annually earn 26 percent, 22 percent, 4 percent, and 2 percent more than the national average. One of the biggest compensable factors for Fraud Analysts is geography, with workers in San Antonio earning a whopping 22 percent below the national average. Employers in Newark and Phoenix also lean toward paying below-median salaries (-16 percent and -13 percent, respectively).

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.

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Experience Affects Fraud Analyst Salaries

Experienced
up arrow 28%
Mid-Career
up arrow 12%
National Average
$39,000

Skills That Affect Fraud Analyst Salaries

Risk Management / Risk Control
up arrow 26%
Microsoft Excel
up arrow 24%
SQL
up arrow 23%
Data Analysis
up arrow 4%
National Average
$39,000
Customer Service
up arrow 14%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 84 votes.

Gender

Female
56%
female alumni
 
Male
44%
male alumni

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: 91% dental benefits Dental: 81%
vision benefits Vision: 70% employee benefits None: 8%