Fraud Investigator Salary (United States)

Fraud Investigators in the United States can typically expect wages of $51,407 per year. Compensation starts at $32,332 and can reach $81,701 per year. While the particular city and the particular employer impact pay for this group, career duration is the most influential factor. The greater part report receiving medical coverage from their employers and most collect dental insurance. Men just barely outnumber women in the field at 56 percent. The majority of workers are highly satisfied with their job. This report is based on responses to the PayScale salary survey.
Fraud Investigator Salary (?
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.
)
$35,515 - $79,810
(Median)
36K
42K
54K
67K
80K
MEDIAN: $53,511
10%
25%
50%
75%
90%
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Fraud Investigator Salary (?
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.
)
$12.78 - $28.60
(Median)
13
17
22
29
MEDIAN: $16.00
10%
50%
75%
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$28K$56K$84K
Salary
$35,515 - $79,810  
   
Bonus
$0.00 - $7,830  
Profit Sharing
$251.68 - $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).
)
$32,332 - $81,701  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 798
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$15$30$45
Hourly Rate
$12.78 - $28.60  
   
Overtime
$18.63 - $44.27  
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$30K$60K$90K
Bonus
$0.00 - $7,830  
   
Profit Sharing
$251.68 - $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).
)
$32,332 - $81,701  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 189
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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.
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Fraud Investigator Tasks
  • Perform desk and on-site investigational audits.
  • Develop, perform, and present fraud cases.
  • Research records and obtain, analyze, and appraise evidentiary data.
  • 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.

Common Career Paths for Fraud Investigator

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For Fraud Investigators, career progression may result in largely decreased compensation. More often than not, a Loss Prevention Investigator, an upper-level role, earns much less than those further down the career ladder.

Fraud Investigator Job Listings

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Popular Employer Salaries for Fraud Investigator

Though heading up the field in terms of compensation—Capital One Financial Corp offers the highest median salary at $41,212—pay within the company still varies considerably, starting at $33K and reaching $88K. Wells Fargo Bank offers the lowest pay in the field, with a median salary of just $38,338.

Popular Skills for Fraud Investigator

Fraud Investigators report using a diverse set of skills on the job. Most notably, facility with Forensic Interviewing, Auditing, and Medicare are correlated to pay that is significantly above average, leading to increases of 37 percent, 19 percent, and 14 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Research Analysis. Those proficient in Auditing are, more often than not, also skilled in Financial Analysis and Medicaid Fraud Investigation.

Pay by Experience Level for Fraud Investigator

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay for Fraud Investigators increases steadily with experience. Those in the early stages of their career can expect to make around $44K; however, pay rises to approximately $53K after five to 10 years. After 10 to 20 years, salary hovers around $58K. After spending 20 years in the field, salary continues to increase for Fraud Investigators and pay is expected at $68K. Experienced employees who have 10-20 years of experience make up 26 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining 14 percent. More than half of respondents report one to nine years of experience.

Pay Difference By Location

Los Angeles
up arrow 27%
Miami
up arrow 27%
Houston
up arrow 17%
Minneapolis
up arrow 17%
up arrow 15%
Philadelphia
up arrow 14%
Dallas
up arrow 12%
Chicago
up arrow 5%
Denver
up arrow 2%
Tampa
0%
Seattle
0%
National Average
$51,000
Atlanta
up arrow 3%
Columbus
up arrow 7%
Phoenix
up arrow 12%
Austin
up arrow 13%
Larger circles over a city indicate a job is popular in that location.
For those looking to make money, Fraud Investigators in Los Angeles enjoy an exceptional pay rate, 27 percent above the national average. Also paying near the top of the field are Miami, Houston, Minneapolis, and New York, where Fraud Investigators annually earn 27 percent, 17 percent, 17 percent, and 15 percent more than the national average. In Austin, salaries are 13 percent below the national average and represent the lowest-paying market. Employers in Phoenix and Columbus also lean toward paying below-median salaries (-12 percent and -7 percent, respectively).

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Experience Affects Fraud Investigator Salaries

National Average
$51,000

Skills That Affect Fraud Investigator Salaries

Forensic Interviewing
up arrow 37%
up arrow 19%
Medicare
up arrow 14%
Data Analysis
up arrow 3%
National Average
$51,000
Research Analysis
up arrow 13%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 197 votes.

Gender

Female
44%
female alumni
 
Male
56%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
30%
5-9 years
26%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 77%
vision benefits Vision: 66% employee benefits None: 11%