Fraud Investigator Salary (United States)

Fraud Investigators in the United States typically take home $51,407 annually. Pay starts at $32,332 and can approach $81,701 per year on the higher side. Cash earnings—which sometimes include up to $7,830 from bonuses and more than $10,067 from profit sharing—stretch from around $35,515 to approximately $79,810. While geography and the individual firm impact pay for this group, experience level is the most influential factor. Generous benefits are a perk in this profession; most claim both medical and dental insurance and a majority get vision coverage. Men just barely outnumber women in the field at 56 percent. For the most part, Fraud Investigators enjoy their work and report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
Fraud Investigator Salary (?
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.
)
$35,515 - $79,810
(Median)
36K
42K
54K
67K
80K
MEDIAN: $53,511
10%
25%
50%
75%
90%
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Fraud Investigator Salary (?
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.
)
$12.78 - $28.60
(Median)
13
17
22
29
MEDIAN: $16.00
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
$35,515 - $79,810  
   
Bonus
$0.00 - $7,830  
Profit Sharing
$251.68 - $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).
)
$32,332 - $81,701  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 798
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
$12.78 - $28.60  
   
Overtime
$18.63 - $44.27  
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 - $7,830  
   
Profit Sharing
$251.68 - $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).
)
$32,332 - $81,701  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 189
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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.
Read More...
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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For Fraud Investigators, career advancements often correlate with a sharp decline in salary. Lower-level Fraud Investigators typically earn much more than those in higher-end positions like Loss Prevention Investigator.

Fraud Investigator Job Listings

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Popular Employer Salaries for Fraud Investigator

The biggest paychecks can be found at Capital One Financial Corp—the median salary there is $41,212; however, employees are subject to a wide range in pay, with salaries starting at only $33K and climbing to $88K. Bringing up the rear, Wells Fargo Bank's median pay of $38,338 is the lowest in town; however, employee salaries widely range, with some making up to $91,728.

Popular Skills for Fraud Investigator

Survey results suggest that Fraud Investigators put a wide range of professional skills to use. Most notably, facility with Forensic Interviewing, Auditing, and Medicare are correlated to pay that is significantly above average, leading to increases of 37 percent, 19 percent, and 14 percent, respectively. Skills that seem to negatively impact pay include Research Analysis. Those educated in Auditing tend to be well-versed 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.
For Fraud Investigators, experience in the field tends to play a major role in salary negotiations; pay increases with more experience. Salaries start at $44K, which grows to $53K after five to 10 years. Those who spend a decent amount of time in this profession—one to two decades—usually make about $58K. Fraud Investigators experience solid salary growth after working for two decades, bringing in around $68K. Experienced employees who have 10-20 years of experience make up 26 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 14 percent. Between one and nine years of experience is the norm for people in this field—more than half of those surveyed fit this bill.

Pay Difference By Location

Los Angeles
up arrow 27%
Miami
up arrow 27%
Houston
up arrow 17%
Minneapolis
up arrow 17%
up arrow 15%
Philadelphia
up arrow 14%
Dallas
up arrow 12%
Chicago
up arrow 5%
Denver
up arrow 2%
Tampa
0%
Seattle
0%
National Average
$51,000
Atlanta
up arrow 3%
Columbus
up arrow 7%
Phoenix
up arrow 12%
Austin
up arrow 13%
Larger circles over a city indicate a job is popular in that location.
Fraud Investigators will find that Los Angeles offers an impressive pay rate, one which exceeds the national average by 27 percent. Other big spenders include Miami, Houston, Minneapolis, and New York, top-paying cities where Fraud Investigators see paychecks higher than average (+27 percent, +17 percent, +17 percent, and +15 percent). With compensation 13 percent below the national average, Austin is not known for hefty paychecks and actually represents the lowest-paying market. Not at the bottom but still paying below the median are employers in Phoenix and Columbus (-12 percent and -7 percent, respectively).

Related Job Salaries

Experience Affects Fraud Investigator Salaries

National Average
$51,000

Skills That Affect Fraud Investigator Salaries

Forensic Interviewing
up arrow 37%
up arrow 19%
Medicare
up arrow 14%
Data Analysis
up arrow 3%
National Average
$51,000
Research Analysis
up arrow 13%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 197 votes.

Gender

Female
44%
female alumni
 
Male
56%
male alumni

Years of Experience

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

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 77%
vision benefits Vision: 66% employee benefits None: 11%
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