Fraud Examiners, Investigators and Analysts: Salary, Job Description, How To Be One and More

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Fraud Examiners, Investigators and Analysts jobs information
pros and cons of being a Fraud Examiner, Investigator and Analyst

Fraud Examiners, Investigators and Analysts

Other names for this job might include Audit Manager, Certified Fraud Examiner, Forensic Accountant, Fraud Analyst, Fraud Examiner, Fraud Investigator, Inspector General, Internal Audit Manager, Investigator, Special Agent


  • $72480
    Salary
  • 70%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank

B



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.



Job description

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.

Read more about what does A Fraud Examiner really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$72480 per year

Hourly wage
$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 statesHourlyAnnual
DC$46.7$97130
NY$43.12$89690
VA$40.9$85070
MA$39.9$83000
PA$38.75$80600

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).

Find out how much do successful Fraud Examiners make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

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.

Financial Mathematics
Finance, General

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.

Writing
Reading Comprehension
Active Listening
Speaking
Critical Thinking

In addition to that, 1 common characteristic among successful Fraud Examiners is they are good at Integrity. Here are the top 5 common characteristics.

Integrity
Attention to Detail
Analytical Thinking
Persistence
Dependability
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Fraud Examiner and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Fraud Examiner as your career.

PROS
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
CONS
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

Job satisfaction
70%

Is this job meaningful
47%


Working hours
More than 40 hours per week

Working schedule
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.



How we can help

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Related to Fraud Examiners, Investigators and Analysts Career Information

Fraud Examiners, Investigators and Analysts job description, Fraud Examiners, Investigators and Analysts salary, Fraud Examiners, Investigators and Analysts information, what is the job of a Fraud Examiner, Investigator and Analyst like, pros and cons about Fraud Examiners, Investigators and Analysts, colleges and universities for Fraud Examiners, Investigators and Analysts, is Fraud Examiners, Investigators and Analysts the right career for me, Quite Hard careers to get into, careers in Business and Finance

Additional resources

http://www.bls.gov/ooh/business-and-financial/claims-adjusters-appraisers-examiners-and-investigators.htm
http://www.claim.org/index.cfm
http://www.napia.com/
http://www.theinstitutes.org/

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Fraud Examiners, Investigators and Analysts
Written by: Stanley Tan
Fraud Examiners obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
4 / 5 stars

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