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Fraud Investigator Salary

Fraud Investigators in the United States pull down an average of $55K annually. Cash earnings for Fraud Investigators — which occasionally include more than $8K from bonuses and more than $10K from profit sharing — stretch from around $33K to approximately $82K. Geographic location is the main element affecting pay for this group — the specific employer and years of experience are driving factors as well. Medical benefits are awarded to most, and a strong majority earn dental coverage. Men make up a slight majority of Fraud Investigators (55 percent) who responded to the survey. For the most part, Fraud Investigators enjoy their work and report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$36,251 - $80,948
(Median)
$36K
$55K
$81K
MEDIAN: $54,523
10%
50%
90%

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$13.14 - $27.97
(Median)
$13
$18
$28
MEDIAN: $17.00
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
$36,251 - $80,948  
   
Bonus
$0.00 - $8,175  
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).
)
$33,201 - $82,226  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 882
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
$13.14 - $27.97  
   
Overtime
$19.12 - $44.20  
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 - $8,175  
   
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).
)
$33,201 - $82,226  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 223
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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 Investigators may experience a considerable drop in salary when they transition into an upper level Loss Prevention Investigator position, where pay tends to be around $32K.

Fraud Investigator Job Listings

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Popular Employer Salaries for Fraud Investigator


Fraud Investigators flock to Capital One Financial Corp, Wells Fargo Bank, Humana, Inc., Amazon.com Inc, and Geico, highly regarded companies that employ a generous number of people in this profession. Fraud Investigators seeking a sizable paycheck can earn the most at UnitedHealth Group, where the average salary comes to $62K.

Popular Skills for Fraud Investigator


Fraud Investigators seem to require a number of specific skills. Most notably, facility with Forensic Interviewing, Fraud Investigation, and Auditing are correlated to pay that is significantly above average, leading to increases of 35 percent, 17 percent, and 16 percent, respectively. At the other end of the pay range are skills like Research Analysis and Risk Management / Risk Control. The majority of those who know 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.


For many Fraud Investigators, extensive experience does not lead to significantly more money. Respondents with less than five years' experience take home $45K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $54K. Fraud Investigators bring in $59K after working for 10 to 20 years. In the end, more experience does seem to mean larger paychecks; seasoned Fraud Investigators with more than 20 years of experience earn a predictably higher median salary of $68K.

Pay Difference by Location


Washington offers some of the highest pay in the country for Fraud Investigators, 40 percent above the national average. Fraud Investigators can also look forward to large paychecks in cities like Miami (+29 percent), Los Angeles (+20 percent), Chicago (+19 percent), and New York (+16 percent). Phoenix is home to the smallest salaries in the field, lagging the national average by 13 percent. Employers pay around 7 percent less in Austin and 6 percent less in Atlanta, below-median salaries for those in this field.

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%

Fraud Investigation
up arrow 17%

up arrow 16%


Medicare
up arrow 10%


Data Analysis
up arrow 1%

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 161 votes.

Gender

Female
45 %
Male
55 %

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: 85% dental benefits Dental: 78%
vision benefits Vision: 69% employee benefits None: 12%
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