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Fraud Investigator Salary

The average Fraud Investigator in the United States earns approximately $55K annually. In the world of Fraud Investigators, total cash compensation can vary between $33K and $83K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $8K and $10K, respectively. This group's pay is mainly influenced by residence, followed by experience level and the individual firm. Job satisfaction is high and work is enjoyable for most Fraud Investigators. Male Fraud Investigators are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 55 percent of the field. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Participants in PayScale's salary questionnaire provided the particulars of this report.
$36,033 - $81,053
(Median)
36K
44K
55K
67K
81K
MEDIAN: $54,517
10%
25%
50%
75%
90%

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$12.88 - $28.72
(Median)
13
18
22
29
MEDIAN: $17.00
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
$36,033 - $81,053  
   
Bonus
$0.00 - $7,776  
Profit Sharing
$200.00 - $10,084  
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).
)
$32,914 - $82,914  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 844
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$14$28$42
Hourly Rate
$12.88 - $28.72  
   
Overtime
$18.44 - $41.54  
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$28K$56K$84K
Bonus
$0.00 - $7,776  
   
Profit Sharing
$200.00 - $10,084  
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).
)
$32,914 - $82,914  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 197
United States (change)

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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Fraud Investigators who take a Loss Prevention Investigator role, an upper-level role, may see a decrease in pay. Pay for Loss Prevention Investigators is usually $32K.

Fraud Investigator Job Listings

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Popular Employer Salaries for Fraud Investigator


Amazon.com Inc attracts talent by shelling out the biggest paychecks in the area — the median in that office is $50K.

Popular Skills for Fraud Investigator


Fraud Investigators seem to require a number of specific skills. Most notably, facility with Fraud Investigation, Forensic Interviewing, and Auditing are correlated to pay that is significantly above average, leading to increases of 46 percent, 34 percent, and 16 percent, respectively. Skills that seem to negatively impact pay include Research Analysis and Risk Management / Risk Control. It is often found that people who know Auditing are 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.


Fraud Investigators who reported more years of relevant experience also reported higher earnings. Salaries for the relatively untried average out to around $45K, but survey participants with five to 10 years of experience earn a significantly higher median of $54K. After working for 10 to 20 years, Fraud Investigators make a median salary of $59K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $69K.

Pay Difference by Location


For those looking to make money, Fraud Investigators in Washington enjoy an exceptional pay rate, 40 percent above the national average. Fraud Investigators can also look forward to large paychecks in cities like Miami (+26 percent), Los Angeles (+21 percent), Chicago (+18 percent), and Houston (+17 percent). Austin is home to the smallest salaries in the field, lagging the national average by 9 percent. Employers pay around 9 percent less in Phoenix and 8 percent less in Columbus, below-median salaries for those in this field.

Related Job Salaries

Experience Affects Fraud Investigator Salaries




National Average
$52,000


Skills That Affect Fraud Investigator Salaries

Fraud Investigation
up arrow 46%

Forensic Interviewing
up arrow 34%

up arrow 16%

Medicare
up arrow 12%



Data Analysis
up arrow 2%

National Average
$52,000

Risk Management / Risk Control
up arrow 13%

Research Analysis
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 180 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
4%
1-4 years
30%
5-9 years
25%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 67% employee benefits None: 12%