Fraud Investigator Salary

The average Fraud Investigator in the United States can expect to rake in roughly $58K per year. Total incomes of Fraud Investigators incorporate potential for, in a few cases, more than $8K from bonuses and close to $10K from profit sharing; these performance components cause packages to range between $35K and $82K. The company is the main element affecting pay for this group — the particular city and years of experience are driving factors as well. Job satisfaction for Fraud Investigators is high. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Women are just slightly outnumbered, with male Fraud Investigators making up 53 percent of survey respondents. The information for this snapshot was generated by responses to the PayScale salary survey.
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$38,692 - $82,977
$39K
$58K
$83K
MEDIAN: $58,229
10%
50%
90%

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$14.12 - $27.12
$14
$18
$27
MEDIAN: $18.43
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
$38,692 - $82,977  
   
Bonus
$0.00 - $8,189  
Profit Sharing
$0.00 - $9,967  
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).
)
$34,547 - $81,981  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 770
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
$14.12 - $27.12  
   
Hourly Tips
$2.19  
Overtime
$18.53 - $44.56  
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 - $8,189  
   
Profit Sharing
$0.00 - $9,967  
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).
)
$34,547 - $81,981  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 267

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • 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.
  • Research records and obtain, analyze, and appraise evidentiary data.
  • Perform desk and on-site investigational audits.
  • Develop, perform, and present fraud cases.

Common Career Paths for Fraud Investigator


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It's not very common for Fraud Investigators to move on to become Fraud Managers. Average pay for a Fraud Manager is $70K annually. More commonly, Fraud Investigators become Loss Prevention Investigators or Security Managers.

Fraud Investigator Job Listings

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Popular Employer Salaries for Fraud Investigator


Many Fraud Investigators can be found at J.P. Morgan Chase & Co. (JPMCC), Wells Fargo Bank, Capital One Financial Corp, Geico, and Amazon.com Inc, firms that are at the top of the field. Those at Humana, Inc. can expect to make the most, with the company offering a median salary of $72K. Also paying near the top of the field are Geico at $69K, J.P. Morgan Chase & Co. (JPMCC) at $65K, and UnitedHealth Group, where Fraud Investigators annually earn $63K.

Paypal, Inc., Capital One Financial Corp, and Citibank also rank near the bottom for pay, handing out $39K, $40K, and $40K-paychecks on average.

Popular Skills for Fraud Investigator


Survey takers working as Fraud Investigators report using a large range of professional skills. Most notably, facility with Insurance, Forensic Interviewing, and Auditing are correlated to pay that is significantly above average, leading to increases of 27 percent, 21 percent, and 12 percent, respectively. Those listing Customer Service as a skill should be prepared for drastically lower pay. Investigation and Anti-Money Laundering also typically command lower compensation. Most people familiar with Data Analysis also know Auditing and Medicaid Fraud Investigation.

Pay by Experience Level for Fraud Investigator

Pay by Experience for a Fraud Investigator has a positive trend. An entry-level Fraud Investigator with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 495 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Fraud Investigator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $55,000 based on 295 salaries. An experienced Fraud Investigator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $63,000 based on 274 salaries. A Fraud Investigator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $65,000 based on 117 salaries.

Pay Difference by Location

National Average: $53,738

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

For those looking to make money, Fraud Investigators in Boston enjoy an exceptional pay rate, 26 percent above the national average. Fraud Investigators will also find cushy salaries in New York (+21 percent), San Francisco (+20 percent), Chicago (+18 percent), and Los Angeles (+14 percent). Fraud Investigators in Orlando earn salaries far below the national average by 26 percent, proving that geography overwhelmingly affects the pay scale for those in this field. A couple other locations with smaller-than-average paychecks include Austin (25 percent lower) and Columbus (21 percent lower).

Fraud Investigator Reviews

Q: 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.

Related Job Salaries

Key Stats for Fraud Investigator

Gender

Female
47 %
Male
53 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 144 votes.
Less than 1 year
5%
1-4 years
37%
5-9 years
22%
10-19 years
24%
20 years or more
12%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Fraud Investigator Salaries

▲21%

▲17%

▲2%

National Average
$54,000

▼15%

Skills That Affect Fraud Investigator Salaries

Insurance
▲27%



▲12%

Research Analysis
▲9%

Medicare
▲7%


Interviewing
▲5%


Regulatory Compliance
▲2%

National Average
$54,000

Fraud Investigation
▼2%

Risk Management / Risk Control
▼16%

Anti-Money Laundering (AML)
▼18%

Investigation
▼28%

Customer Service
▼35%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 144 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
5%
1-4 years
37%
5-9 years
22%
10-19 years
24%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 79%
vision benefits
Vision: 72%
no benefits
None: 11%
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