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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 (+13 percent), and Miami (+7 percent). This report is based on answers to PayScale's salary questionnaire.
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$30,340 - $70,282
(Median)
$30K
$43K
$70K
MEDIAN: $43,295
10%
50%
90%

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$12.26 - $20.97
(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
$30,340 - $70,282  
   
Bonus
$0.00 - $5,852  
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).
)
$27,429 - $64,657  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 314
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
$12.26 - $20.97  
   
Overtime
$17.14 - $30.81  
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 - $2,483  
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).
)
$27,429 - $64,657  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 237
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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.

Fraud Analyst Job Listings

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Popular Employer Salaries for Fraud Analyst


Popular Skills for Fraud Analyst


Survey results suggest that Fraud Analysts put a wide range of professional skills to use. Most notably, skills in Microsoft Excel, Research Analysis, SQL, and Risk Management / Risk Control are correlated to pay that is above average, with boosts between 16 percent and 18 percent. Skills that seem to negatively impact pay include Customer Service. Most people 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.


Survey participants with less than five years' experience pocket $38K on average, but those with five to 10 years of experience enjoy a much bigger median of $44K. For Fraud Analysts, 10 to 20 years of experience on the job amounts to an average salary of $50K. For some reason, Fraud Analysts with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $39K.

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



National Average
$39,000

Late-Career
up arrow 1%


Skills That Affect Fraud Analyst Salaries

Microsoft Excel
up arrow 18%

Research Analysis
up arrow 18%

SQL
up arrow 16%

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 100 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
9%
1-4 years
52%
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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