Fraud Investigator Salary

A Fraud Investigator earns an average salary of $55,057 per year. The highest paying skills associated with this job are Insurance, Forensic Interviewing, Interviewing, Regulatory Compliance, and Auditing.
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$37,322 - $82,444
(Median)
$37K
$55K
$82K
MEDIAN: $55,057
10%
50%
90%

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$13.32 - $27.33
(Median)
$13
$18
$27
MEDIAN: $18.00
10%
50%
90%

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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
$37,322 - $82,444  
   
Bonus
$0.00 - $8,202  
Profit Sharing
$0.30 - $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).
)
$33,653 - $82,716  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,018
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$15$30$45
Hourly Rate
$13.32 - $27.33  
   
Overtime
$19.44 - $43.67  
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$30K$60K$90K
Bonus
$0.00 - $8,202  
   
Profit Sharing
$0.30 - $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).
)
$33,653 - $82,716  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 272
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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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Fraud Investigator Job Listings

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Popular Employer Salaries for Fraud Investigator

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Pay by Experience Level for Fraud Investigator

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

Pay Difference by Location

National Average: $52,497

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

Fraud Investigator Reviews

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.

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Experience Affects Fraud Investigator Salaries




National Average
$52,000


Skills That Affect Fraud Investigator Salaries

Insurance
up arrow 30%

Forensic Interviewing
up arrow 28%

Interviewing
up arrow 23%

Regulatory Compliance
up arrow 16%

up arrow 14%


Medicare
up arrow 9%

Fraud Investigation
up arrow 7%

Financial Analysis
up arrow 4%

Anti-Money Laundering (AML)
up arrow 3%

Data Analysis
up arrow 1%

National Average
$52,000

Banking
up arrow 6%

Investigation
up arrow 13%

Risk Management / Risk Control
up arrow 14%

Research Analysis
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 165 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
5%
1-4 years
31%
5-9 years
24%
10-19 years
25%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 78%
medical benefits
Vision: 69%
dental benefits
None: 13%
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