Fraud Analysts in the United States can expect to earn an average of $45K annually. Cash earnings for Fraud Analysts — which occasionally include more than $6K from bonuses and more than $10K from profit sharing — stretch from around $29K to approximately $61K. Location is the biggest factor affecting pay for this group, followed by years of experience and the specific company. Medical and dental coverage is claimed by most, and a strong majority earn vision coverage. Women Fraud Analysts who took the survey just slightly outnumber men. Job satisfaction is reported as high by the vast majority of workers. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Read More
$31,523 - $65,845
(Median)
$32K
$45K
$66K
MEDIAN: $45,453
10%
50%
90%

Add this chart to your site: 640px    300px

$12.23 - $23.16
(Median)
$12
$16
$23
MEDIAN: $16.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$22K$44K$66K
Salary
$31,523 - $65,845  
   
Bonus
$0.00 - $6,225  
Profit Sharing
$0.00 - $10,067  
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).
)
$28,985 - $61,154  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 277
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$13$26$39
Hourly Rate
$12.23 - $23.16  
   
Overtime
$15.67 - $36.79  
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$26K$52K$78K
Bonus
$0.00 - $6,225  
   
Profit Sharing
$0.00 - $10,067  
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).
)
$28,985 - $61,154  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 265
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Fraud Analysts often end up in upper-level roles like Fraud Investigator. Fraud Investigators bring home $49K annually on average.

Fraud Analyst Job Listings

Search for more jobs:

Popular Employer Salaries for Fraud Analyst


Bank of America Corp. (BOFA) offers the best pay with a median salary of $37K, though salaries there don't seem that varied, bottoming out near $32K and maxing out at just $52K.

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, Banking, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 29 percent, 17 percent, and 14 percent, respectively. Those listing Microsoft Office as a skill should be prepared for drastically lower pay. Customer Service and Research Analysis also typically command lower compensation. For most people, competency in Customer Service indicates knowledge of SQL.

Pay by Experience Level for Fraud Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Fraud Analysts with a lot of experience tend to enjoy higher earnings. Relatively untried employees who have fewer than five years of experience earn around $39K on average. People who have worked for five to 10 years can expect a higher median salary of $44K. Fraud Analysts who work for 10 to 20 years in their occupation tend to earn about $48K. Survey participants who have worked for more than two decades report bringing in $61K on average.

Pay Difference by Location

National Average: $40,747

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

For Fraud Analysts, San Francisco provides a pay rate that is 47 percent greater than the national average. Fraud Analysts can also look forward to large paychecks in cities like Chicago (+21 percent), Tampa (+15 percent), Los Angeles (+15 percent), and Seattle (+13 percent). One of the biggest compensable factors for Fraud Analysts is geography, with workers in San Antonio earning a whopping 24 percent below the national average. Two other places where employers offer below-median salaries are Newark (21 percent less) and Fort Worth (9 percent less).

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

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Employers: Start Here »

Experience Affects Fraud Analyst Salaries

Late-Career
up arrow 49%



National Average
$41,000


Skills That Affect Fraud Analyst Salaries

Risk Management / Risk Control
up arrow 29%

Banking
up arrow 17%

Financial Analysis
up arrow 14%

SQL
up arrow 9%

Microsoft Excel
up arrow 3%

Data Analysis
0%

National Average
$41,000

Research Analysis
up arrow 7%


Microsoft Office
up arrow 22%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 89 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
8%
1-4 years
52%
5-9 years
22%
10-19 years
15%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 79%
medical benefits
Vision: 74%
dental benefits
None: 14%
ADVERTISEMENT