Fraud Analyst Salary

The average salary for Fraud Analysts in the United States is $43K annually, and pay runs especially high in San Francisco, where the average is $55K. Fraud Analysts can also look forward to large paychecks in cities like Columbus (+23 percent), Tampa (+20 percent), Seattle (+14 percent), and Bellevue (+6 percent). The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$30,289 - $69,575

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$12.41 - $21.12

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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$24K$48K$72K
Salary
$30,289 - $69,575  
   
Bonus
$0.00 - $5,824  
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).
)
$27,554 - $64,060  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 321
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$11$22$33
Hourly Rate
$12.41 - $21.12  
   
Overtime
$17.72 - $31.60  
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$22K$44K$66K
Bonus
$0.00 - $5,824  
   
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).
)
$27,554 - $64,060  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 245
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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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Many Fraud Analysts move into a Fraud Investigator role, and folks who currently hold that position report a much higher median income of $48K per year.

Fraud Analyst Job Listings

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Popular Employer Salaries for Fraud Analyst


Popular Skills for Fraud Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Research Analysis, Microsoft Excel, SQL, and Risk Management / Risk Control are correlated to pay that is above average, with boosts between 16 percent and 18 percent. Skills that are correlated to lower pay, on the other hand, include Customer Service and Banking. Those familiar with Customer Service also tend to know 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 see a median salary of $49K after reaching one to two decades on the job. 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.

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%

Microsoft Excel
up arrow 17%

SQL
up arrow 16%

Risk Management / Risk Control
up arrow 16%

Data Analysis
up arrow 1%

National Average
$39,000

Banking
up arrow 5%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 96 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
9%
1-4 years
54%
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: 71% employee benefits None: 9%
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