Fraud Examiners: Know It All In 1 Minute
In this career summary, you will find out what the job of A Fraud Examiner is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
Fraud Examiners, Investigators and Analysts obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
- Document all investigative activities.
- Prepare written reports of investigation findings.
- Prepare evidence for presentation in court.
- Testify in court regarding investigation findings.
$72480 per year
$34.85 an hour
Fraud Examiners with little to no experience tend to make between $37360 and $49590 while the more experienced ones make over $88590 per year.
|Top 5 paying states||Hourly||Annual|
1 of the easiest ways to increase your salary as A Fraud Examiner is to move to a higher paying state like DC. Right now, the highest paying states for Fraud Examiners are DC, NY, VA, MA and PA.
However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as A Fraud Examiner is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
Recommended degree level
We asked other Fraud Examiners what degree they had when they got the job and most of them said they had a Bachelors degree followed by Post-bachelor certificate.
Other than that we also asked them what did they major in and here are the most popular majors that came up.
Another popular question from our readers is what makes A Fraud Examiner successful or would they be good in this career.
Well, we found that most successful Fraud Examiners have these 5 skillsets.
In addition to that, 1 common characteristic among successful Fraud Examiners is they are good at Integrity. Here are the top 5 common characteristics.
|Attention to Detail|
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Fraud Examiner as your career.
|Suitable for people who likes to start and carry out projects|
|Suitable for people who wants independence and likes to work on their own and make decisions|
|This career is perfect for people who love to work indoors.|
|Very good salary|
|Not suitable for people who likes to work with designs|
|It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.|
|Long working hours (More than 40 hours per week)|
There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.
A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.
What is the job like
Is this job meaningful
More than 40 hours per week
Regular (Set schedule and routine)
On a normal working week Fraud Examiners, Investigators and Analysts work More than 40 hours per week.
70% of Fraud Examiners said they were satisfied with their job and 47% said they feel like their job is making other people’s lives better.
Is this right for me
Best personality for this career
The Persuaders and The Thinkers
You can read more about these career personality types here.
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
They also like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally.
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They conduct organizational studies and evaluations, design systems and procedures, conduct work simplification and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants.
They perform activities in the human resource area. Includes employment specialists who screen, recruit, interview, and place workers.
They analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
They examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
They purchase machinery, equipment, tools, parts, supplies, or services necessary for the operation of an establishment. Purchase raw or semi-finished materials for manufacturing.
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