Fraud Investigator Salary

A Fraud Investigator earns an average salary of $57,704 per year. The highest paying skills associated with this job are Insurance, Forensic Interviewing, Auditing, and Medicaid Fraud Investigation. Most people move on to other jobs if they have more than 20 years' experience in this career.
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$38,932 - $83,981
$39K
$58K
$84K
MEDIAN: $58,160
10%
50%
90%

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$14.02 - $27.76
$14
$19
$28
MEDIAN: $18.64
10%
50%
90%

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$0$84K
Salary $38,932 - $83,981
Bonus $196 - $9,060
Profit Sharing $0.79 - $9,839
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).
)
$34,505 - $84,019
  • Country: United States
  • Currency: USD
  • Updated: 17 Feb 2018
  • Individuals Reporting: 1,381
Hourly Data $0$44
Hourly Rate $14.02 - $27.76
Hourly Tips $2.19
Overtime $19.62 - $44.74
Annual Data $0$84K
Bonus $196 - $9,060
Profit Sharing $0.79 - $9,839
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).
)
$34,505 - $84,019
  • Country: United States
  • Currency: USD
  • Updated: 17 Feb 2018
  • Individuals Reporting: 447

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.

Fraud Investigator Pay By Employer

$0$97K

$40,878

$65,585

Geico
14 profiles
$62,308

Humana, Inc.
13 profiles
$69,634

$66,022

$40,553

Paypal, Inc.
8 profiles
$32,662

$40,738

$62,201

$48,399

Common Career Paths for Fraud Investigator


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Fraud Investigator Job Listings

Popular Skills for Fraud Investigator

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

20%

17%

9%

3%

-20%

-22%

-26%

-27%

National Average: $54,162

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

Fraud Investigator Reviews

Q: What is it like working as a Fraud Investigator?

Fraud Investigator in Tucson:
"Catching people that are de frauding the program."
Pros:
Cons: The Pay is terrible and the Department is has been going down hill.

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.

Fraud Investigator in Allentown:
Pros: Good benefits and paid time off. Decent pay, could be better.
Cons: Dealing with fraudsters. Unethical team members competing for stats.

Related Job Salaries

Key Stats for Fraud Investigator

Gender

Female
50 %
Male
50 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 242 votes.
Less than 1 year
5%
1-4 years
34%
5-9 years
23%
10-19 years
24%
20 years or more
14%

Experience Affects Fraud Investigator Salaries

▲20%

▲16%

▲1%

National Average
$54,000

▼16%

Skills That Affect Fraud Investigator Salaries

Insurance
▲26%



▲11%

Research Analysis
▲8%

Medicare
▲6%


Interviewing
▲4%


Regulatory Compliance
▲2%

National Average
$54,000

Fraud Investigation
▼3%

Risk Management / Risk Control
▼16%

Anti-Money Laundering (AML)
▼18%

Investigation
▼29%

Customer Service
▼36%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 242 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
5%
1-4 years
34%
5-9 years
23%
10-19 years
24%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 79%
vision benefits
Vision: 72%
no benefits
None: 11%