Fraud Investigator Salary

Average Fraud Investigators in the United States make around $58K annually. Final cash compensation to Fraud Investigators varies from around $34K to approximately $82K; choice pay grades include potential for bonuses and profit sharing as high as $8K and $9K, respectively. The company is the biggest factor affecting pay for this group, followed by geography and years of experience. Job satisfaction is high and work is enjoyable for most Fraud Investigators. Men working as Fraud Investigators who took the survey just slightly outnumber women at 53 percent. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a fair number. This report is based on responses to the PayScale salary survey.
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$38,795 - $82,804
$39K
$58K
$83K
MEDIAN: $57,704
10%
50%
90%

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$14.22 - $27.12
$14
$18
$27
MEDIAN: $18.40
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
$38,795 - $82,804  
   
Bonus
$0.00 - $8,261  
Profit Sharing
$0.00 - $9,000  
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).
)
$34,396 - $81,719  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 717
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$16$32$48
Hourly Rate
$14.22 - $27.12  
   
Overtime
$19.70 - $45.17  
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$32K$64K$96K
Bonus
$0.00 - $8,261  
   
Profit Sharing
$0.00 - $9,000  
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).
)
$34,396 - $81,719  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 252

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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Though not the most common occurrence, Fraud Investigators sometimes become Fraud Managers, where the average income is $70K per year. It is more probable, however, that Fraud Investigators become Loss Prevention Investigators or Security Managers.

Fraud Investigator Job Listings

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Popular Employer Salaries for Fraud Investigator


Known for taking on a considerable number of Fraud Investigators, J.P. Morgan Chase & Co. (JPMCC), Wells Fargo Bank, Capital One Financial Corp, Geico, and Amazon.com Inc are leading firms in the industry. Heading up the field in terms of compensation, Humana, Inc. offers the most; Fraud Investigators earn $72K on average there. Geico, J.P. Morgan Chase & Co. (JPMCC), and UnitedHealth Group also offer top salaries for Fraud Investigators. Workers at these firms can expect to earn about $69K, $65K, and $63K, respectively.

Workers also receive paychecks lighter than average at Paypal, Inc. ($39K), Capital One Financial Corp ($40K), and Citibank ($40K).

Popular Skills for Fraud Investigator


Survey respondents exploit a significant toolbox of skills in their work. Most notably, facility with Insurance, Forensic Interviewing, and Auditing are correlated to pay that is significantly above average, leading to increases of 28 percent, 22 percent, and 13 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: $53,381

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

Boston offers some of the highest pay in the country for Fraud Investigators, 27 percent above the national average. Fraud Investigators can also look forward to large paychecks in cities like New York (+22 percent), San Francisco (+21 percent), Chicago (+18 percent), and Los Angeles (+15 percent). The lowest-paying market is Orlando, which sits 26 percent below the national average, proving that location is a significant contributor to overall pay. A couple other locations with smaller-than-average paychecks include Austin (25 percent lower) and Columbus (20 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 127 votes.
Less than 1 year
5%
1-4 years
36%
5-9 years
22%
10-19 years
24%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Fraud Investigator Salaries

▲22%

▲18%

▲2%

National Average
$53,000

▼14%

Skills That Affect Fraud Investigator Salaries

Insurance
▲28%



▲13%

Research Analysis
▲10%

Medicare
▲7%


Interviewing
▲6%


Regulatory Compliance
▲3%

National Average
$53,000

Fraud Investigation
▼1%

Risk Management / Risk Control
▼15%

Anti-Money Laundering (AML)
▼17%

Investigation
▼28%

Customer Service
▼35%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 127 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
5%
1-4 years
36%
5-9 years
22%
10-19 years
24%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 79%
vision benefits
Vision: 71%
no benefits
None: 11%