Fraud Analyst Salary

The average salary for Fraud Analysts in the United States is $44K per year, and pay runs especially high in San Francisco, where the average is $56K. Fraud Analysts will also find cushy salaries in Seattle (+18 percent), Bellevue (+6 percent), Miami (+4 percent), and San Diego (+2 percent). The information for this rundown comes from respondents who completed 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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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


Although Bank of America Corp. (BOFA) offers the highest salaries (median pay is $35K), survey participants reported a rather limited pay range of $28K to $46K.

Popular Skills for Fraud Analyst


Fraud Analysts report using a wide range 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. The majority of those who know Customer Service also know 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 $38K 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. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Fraud Analysts report making only $40K on average.

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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