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Fraud Investigator Salary

Median pay for Fraud Investigators in the United States lies in the neighborhood of $55K annually. Final cash compensation to Fraud Investigators varies from around $34K to approximately $83K; choice pay grades include potential for bonuses and profit sharing as high as $9K and $10K, respectively. Geographic location is the main element affecting pay for this group — experience level and the specific company are driving factors as well. The majority of workers are highly satisfied with their job. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. 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. This report is based on answers to PayScale's salary questionnaire.
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$36,406 - $81,183
(Median)
$36K
$55K
$81K
MEDIAN: $54,692
10%
50%
90%

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$13.07 - $29.01
(Median)
$13
$18
$29
MEDIAN: $18.00
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$28K$56K$84K
Salary
$36,406 - $81,183  
   
Bonus
$0.00 - $8,557  
Profit Sharing
$1.14 - $10,050  
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).
)
$33,501 - $82,987  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 874
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
$13.07 - $29.01  
   
Overtime
$18.69 - $44.38  
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 - $8,557  
   
Profit Sharing
$1.14 - $10,050  
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).
)
$33,501 - $82,987  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 213

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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.

Fraud Investigator Job Listings

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Popular Employer Salaries for Fraud Investigator


Dominating the field, Capital One Financial Corp, Wells Fargo Bank, Amazon.com Inc, Humana, Inc., and Geico are top firms with a reputation for hiring a great number of Fraud Investigators. UnitedHealth Group leads the field in terms of pay, with a median salary of $60K.

Popular Skills for Fraud Investigator


Fraud Investigators report using a diverse set of skills on the job. Most notably, facility with Forensic Interviewing, Fraud Investigation, and Auditing are correlated to pay that is significantly above average, leading to increases of 34 percent, 16 percent, and 14 percent, respectively. Skills that seem to negatively impact pay include Research Analysis and Risk Management / Risk Control. Most people experienced in Data Analysis also know 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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Workers in their first five years can expect to earn $46K, but people who have been around for five to 10 years earn a noticeably bigger sum of $54K. For Fraud Investigators, 10 to 20 years of experience on the job amounts to an average salary of $59K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $68K.

Pay Difference by Location


Home to some of the best pay for Fraud Investigators, Washington offers exceptional salaries, 39 percent above the national average. Fraud Investigators can also look forward to large paychecks in cities like Houston (+21 percent), Chicago (+20 percent), Los Angeles (+20 percent), and New York (+17 percent). Phoenix is home to the smallest salaries in the field, lagging the national average by 14 percent. Not at the bottom but still paying below the median are employers in Austin and Atlanta (9 percent lower and 5 percent lower, respectively).

Related Job Salaries

United States (change)

Experience Affects Fraud Investigator Salaries




National Average
$52,000


Skills That Affect Fraud Investigator Salaries

Forensic Interviewing
up arrow 34%

Fraud Investigation
up arrow 16%

up arrow 14%


Medicare
up arrow 9%


Data Analysis
up arrow 2%

National Average
$52,000

Risk Management / Risk Control
up arrow 14%

Research Analysis
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 175 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
4%
1-4 years
29%
5-9 years
26%
10-19 years
26%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 78%
vision benefits Vision: 68% employee benefits None: 12%