Fraud Examiners, Investigators and Analysts: Salary, Job Description, How To Become One, and Quiz

Stan T.Career, OverviewLeave a Comment

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.
  • 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.
Read more about what does a Fraud Examiner, Investigator and Analyst really do at work and what is it like being and working as one.



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Salary

Average salary
$77580 per year

Average hourly wage
$37 per hour


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 statesHourlyAnnual
DC$52$107,760
NY$46$96,480
IL$45$93,200
MA$42$88,370
VA$42$87,810

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.


Requirements

Recommended degree level
Bachelor’s Degree

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.

Financial Mathematics
Finance, General
Read more about how to become a Fraud Examiner, Investigator and Analyst and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being a Fraud Examiner, Investigator and Analyst.

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 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

Job satisfaction
70%

Is this job meaningful
47%


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

Best personality for this career
The Entrepreneurs 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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Related career information

Fraud Examiners and Investigators job description, Fraud Examiners and Investigators salary, Fraud Examiners and Investigators 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, careers in Business and Finance

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