Fraud Investigator Salary

Average Fraud Investigators in the United States make around $55K annually. Overall cash earnings for Fraud Investigators stretch from $33K on the lower end to $82K near the top, and the heftiest packages can encompass around $8K from bonuses and $10K from profit sharing. Compensation for this group is mainly affected by the company, but geography and years of experience are influential factors as well. Most Fraud Investigators like their work and job satisfaction is high. 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. This snapshot results from replies to PayScale's salary survey.
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$36,554 - $81,157
(Median)
$37K
$55K
$81K
MEDIAN: $54,611
10%
50%
90%

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$13.13 - $27.48
(Median)
$13
$18
$27
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
$36,554 - $81,157  
   
Bonus
$0.00 - $8,231  
Profit Sharing
$0.70 - $9,983  
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).
)
$33,388 - $82,255  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 909
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
$13.13 - $27.48  
   
Overtime
$19.12 - $43.30  
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 - $8,231  
   
Profit Sharing
$0.70 - $9,983  
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).
)
$33,388 - $82,255  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 229
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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


Capital One Financial Corp, J.P. Morgan Chase & Co. (JPMCC), Wells Fargo Bank, Geico, and Amazon.com Inc are some prominent firms with considerable interest in employing a large team of Fraud Investigators. J.P. Morgan Chase & Co. (JPMCC) offers the largest salaries in town ($71K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $34K to $105K. Fraud Investigators can also look forward to large paychecks at UnitedHealth Group ($62K), Geico ($60K), and Amazon.com Inc ($54K).

Wells Fargo Bank employees cannot expect much in terms of compensation — the median salary amounts to only $40K, 78 percent less than the top paying company. Workers also receive paychecks lighter than average at Capital One Financial Corp ($46K), Humana, Inc. ($49K), and Amazon.com Inc ($54K).

Popular Skills for Fraud Investigator


Fraud Investigators report using a diverse set of skills on the job. Most notably, facility with Forensic Interviewing, Regulatory Compliance, and Fraud Investigation are correlated to pay that is significantly above average, leading to increases of 35 percent, 20 percent, and 17 percent, respectively. Skills that seem to negatively impact pay include Research Analysis and Risk Management / Risk Control. Most people skilled in Data Analysis are similarly competent in 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 a lot of experience tend to enjoy higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $45K, but folks who have racked up five to 10 years see a notably higher median of $54K. Fraud Investigators see a median salary of $58K after reaching one to two decades on the job. Survey participants who have worked for more than two decades report bringing in $69K on average.

Pay Difference by Location


For those looking to make money, Fraud Investigators in Washington enjoy an exceptional pay rate, 41 percent above the national average. Fraud Investigators can also look forward to large paychecks in cities like Miami (+30 percent), Chicago (+19 percent), Los Angeles (+19 percent), and New York (+16 percent). Columbus is home to the smallest salaries in the field, lagging the national average by 12 percent. Workers in Phoenix and Austin earn salaries that trail the national average for those in this profession (12 percent less and 7 percent less, respectively).

Related Job Salaries

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Experience Affects Fraud Investigator Salaries




National Average
$52,000


Skills That Affect Fraud Investigator Salaries

Forensic Interviewing
up arrow 35%

Regulatory Compliance
up arrow 20%

Fraud Investigation
up arrow 17%

up arrow 15%


Medicare
up arrow 10%


Data Analysis
0%

National Average
$52,000

Risk Management / Risk Control
up arrow 13%

Research Analysis
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 162 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 79%
vision benefits Vision: 69% employee benefits None: 12%
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