Fraud Investigator Salary

Fraud Investigators in the United States take home an average $57K annually. Including potential for bonuses and profit sharing — peaking near $9K and $10K, respectively — total cash payment to Fraud Investigators can bottom out near $34K or peak near $82K depending on individual performance. The most important factor affecting compensation for this group is the specific employer, followed by geography and experience level. Medical benefits are awarded to most, and a strong majority earn dental coverage. Women are just slightly outnumbered, with male Fraud Investigators making up 54 percent of survey respondents. The majority of Fraud Investigators claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
Read More
$38,521 - $82,458
$39K
$57K
$82K
MEDIAN: $57,323
10%
50%
90%

Add this chart to your site: 640px    300px

$14.17 - $27.01
$14
$18
$27
MEDIAN: $18.41
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$28K$56K$84K
Salary
$38,521 - $82,458  
   
Bonus
$1.20 - $8,594  
Profit Sharing
$0.00 - $9,899  
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).
)
$34,318 - $81,556  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 748
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$16$32$48
Hourly Rate
$14.17 - $27.01  
   
Overtime
$19.66 - $45.28  
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$32K$64K$96K
Bonus
$1.20 - $8,594  
   
Profit Sharing
$0.00 - $9,899  
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).
)
$34,318 - $81,556  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 254

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Fraud Investigator

In general, fraud investigators work to determine whether individuals or organizations have attempted deception to realize a financial benefit. Fraud investigation applications are numerous, and so fraud investigators typically specialize in a particular field, such as insurance or accounting. The vast majority of fraud investigator work within the field of insurance, due to the high inherent potential for insurance fraud and the volume of fraud cases that occur annually.

Read More...

Fraud Investigator Tasks

  • Investigate fraud by obtaining statements of fact, depositions or confessions from complainants, employers and witnesses.
  • Oversee the development and implementation of fraud prevention, detection and resolution strategies.
  • Research records and obtain, analyze, and appraise evidentiary data.
  • Perform desk and on-site investigational audits.
  • Develop, perform, and present fraud cases.

Common Career Paths for Fraud Investigator


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


Though some Fraud Investigators move into positions like Fraud Manager (where the average salary is $70K), this progression is not the norm. Becoming a Loss Prevention Investigator or a Security Manager is, however, a more typical career progression for Fraud Investigators.

Fraud Investigator Job Listings

Search for more jobs:

Popular Employer Salaries for Fraud Investigator


J.P. Morgan Chase & Co. (JPMCC), Capital One Financial Corp, Wells Fargo Bank, Geico, and Amazon.com Inc are among the top companies that take on many Fraud Investigators. For Fraud Investigators, comfortable salaries can be found at Humana, Inc.; in fact, median earnings sit around $72K, the highest in the area. Also paying near the top of the field are J.P. Morgan Chase & Co. (JPMCC) at $66K, Geico at $65K, and UnitedHealth Group, where Fraud Investigators annually earn $63K.

Others at the bottom of the scale for this job include Citibank at $40K, and Wells Fargo Bank where $41K is the norm, but it is worth noting that some Fraud Investigators there earn up to $92K.

Popular Skills for Fraud Investigator


Fraud Investigators seem to exploit a large range of skills on the job. Most notably, facility with Insurance, Research Analysis, and Forensic Interviewing are correlated to pay that is significantly above average, leading to increases of 28 percent, 25 percent, and 23 percent, respectively. Those listing Customer Service as a skill should be prepared for drastically lower pay. Investigation and Anti-Money Laundering also typically command lower compensation. For most people, competency in Data Analysis indicates knowledge of Auditing and Medicaid Fraud Investigation.

Pay by Experience Level for Fraud Investigator

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


Fraud Investigators with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Salaries of relatively inexperienced workers fall in the neighborhood of $46K, but folks who have racked up five to 10 years see a notably higher median of $54K. On average, Fraud Investigators make $62K following one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $64K on average.

Pay Difference by Location

National Average: $53,199

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

With a pay rate for Fraud Investigators that is 22 percent greater than the national average, New York offers a comfortable salary for those in this profession. Fraud Investigators can also look forward to large paychecks in cities like Boston (+22 percent), San Francisco (+20 percent), Chicago (+19 percent), and Los Angeles (+17 percent). Location is a huge contributor to overall pay, with Fraud Investigators in Orlando earning a whopping 26 percent below the national average. Two other places where employers offer below-median salaries are Omaha (20 percent less) and Columbus (18 percent less).

Fraud Investigator Reviews

Q: What is it like working as a Fraud Investigator?

Fraud Investigator in Orlando:
"Different everyday."
Pros: I like the variety daily of going somewhere different for a case, it doesn't feel like I'm working and believe I have found my career.
Cons: Mileage rate could see an increase, along with hourly rate of course.

Related Job Salaries

Key Stats for Fraud Investigator

Gender

Female
46 %
Male
54 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 123 votes.
Less than 1 year
5%
1-4 years
35%
5-9 years
23%
10-19 years
24%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Fraud Investigator Salaries

▲20%

▲16%

▲2%

National Average
$53,000

▼14%

Skills That Affect Fraud Investigator Salaries

Insurance
▲28%

Research Analysis
▲25%



▲12%

Medicare
▲8%


Interviewing
▲6%


Regulatory Compliance
▲3%

National Average
$53,000

Fraud Investigation
▼1%

Risk Management / Risk Control
▼15%

Anti-Money Laundering (AML)
▼18%

Investigation
▼23%

Customer Service
▼34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 123 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
5%
1-4 years
35%
5-9 years
23%
10-19 years
24%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 78%
vision benefits
Vision: 71%
dental benefits
None: 12%
ADVERTISEMENT