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.
- Arrest individuals to be charged with fraud.
- Prepare written reports of investigation findings.
- Analyze financial data to detect irregularities in areas such as billing trends, financial relationships, and regulatory compliance procedures.
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Fraud Examiners and Investigators with little to no experience tend to make between $38030 and $51100 while the more experienced ones can earn over $94580 per year.
|Top 5 paying states||Hourly||Annual|
One of the easiest ways to increase your salary as a Fraud Examiner, Investigator and Analyst is to move to a higher paying state like DC. Right now, the highest paying states for Fraud Examiners and Investigators are DC, NY, IL, MA and VA.
However, a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.
Three other factors that can increase your salary as a Fraud Examiner, Investigator and Analyst is the degree you hold, the industry you work in, and lastly the company you work for.
We asked other Fraud Examiners and Investigators what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a Master’s Degree.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
Pros and Cons
Here are some of the pros and cons of being a Fraud Examiner, Investigator and Analyst.
|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 work-related skill, knowledge, or experience is required for this career.|
|Long working hours (More than 40 hours per week)|
What is the job like
70% of Fraud Examiners and Investigators 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
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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examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
analyze product delivery or supply chain processes to identify or recommend changes. May manage route activity including invoicing, electronic bills, and shipment tracing.
appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.
Related career information
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