Fraud Examiners, Investigators and Analysts: Career Overview
Obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
Featured schools near , edit
What Tasks Do Fraud Examiners, Investigators and Analysts Take On?
Typical responsibilities of fraud examiners, investigators and analysts include:
- Gather financial documents related to investigations.
- Interview witnesses or suspects and take statements.
- Prepare written reports of investigation findings.
- Document all investigative activities.
- Create and maintain logs, records, or databases of information about fraudulent activity.
- Coordinate investigative efforts with law enforcement officers and attorneys.
- Lead, or participate in, fraud investigation teams.
- Testify in court regarding investigation findings.
What Fraud Examiners, Investigators and Analysts Need to Know
Successful fraud examiners, investigators and analysts rely on a mix of skills and domain knowledge.
Key Skills
The competencies most central to this role, rated on an importance scale of 0 to 5:
Core Knowledge
Related Job Titles
People in this occupation may also be known by titles such as:
- AML Analyst (Anti-Money Laundering Analyst)
- AML Consultant (Anti-Money Laundering Consultant)
- AML Investigator (Anti-Money Laundering Investigator)
- AML Operations Analyst (Anti-Money Laundering Operations Analyst)
- AML Specialist (Anti-Money Laundering Specialist)
- Anti-Fraud Operations Analyst
- BSA Analyst (Bank Secrecy Act Analyst)
- BSA Consultant (Bank Secrecy Act Consultant)
Employment and Demand
There are roughly 476,833 fraud examiners, investigators and analysts working in the United States today. Demand is forecast to decline by -1.2% over the projection horizon.
Fraud Examiners, Investigators and Analysts Pay
| Statistic | Value |
|---|---|
| Annual median | $92,240 |
| Hourly median | $44.35 |
| 10th percentile | $55,407 |
| 25th percentile | $73,823 |
| 75th percentile | $110,656 |
| 90th percentile | $129,073 |
Wages vary widely based on experience, location, and industry.
How Much Do Fraud Examiners, Investigators and Analysts Make in Different U.S. States?
| State | Annual median salary |
|---|---|
| District of Columbia | $123,450 |
| New York | $122,510 |
| Maryland | $102,500 |
| New Jersey | $92,820 |
| Ohio | $90,170 |
| Rhode Island | $88,500 |
| Indiana | $87,760 |
| Colorado | $87,270 |
| West Virginia | $86,940 |
| Massachusetts | $85,950 |
| California | $85,850 |
| Virginia | $85,670 |
| Pennsylvania | $84,700 |
| Maine | $83,780 |
| Minnesota | $82,260 |
| North Carolina | $82,240 |
| Michigan | $81,470 |
| Illinois | $81,190 |
| Delaware | $79,590 |
| Oregon | $79,570 |
| Arizona | $78,910 |
| New Hampshire | $78,650 |
| Alabama | $78,370 |
| Connecticut | $78,000 |
| Utah | $77,940 |
| North Dakota | $77,380 |
| Hawaii | $76,740 |
| Iowa | $75,770 |
| Georgia | $75,760 |
| Missouri | $75,690 |
| Wyoming | $75,580 |
| Washington | $75,560 |
| New Mexico | $75,550 |
| South Carolina | $75,380 |
| Mississippi | $74,960 |
| Alaska | $74,510 |
| Oklahoma | $72,920 |
| Montana | $72,600 |
| Texas | $72,400 |
| Nevada | $71,480 |
| Vermont | $70,460 |
| Idaho | $68,920 |
| Nebraska | $66,580 |
| Tennessee | $65,960 |
| Wisconsin | $63,700 |
| Florida | $63,060 |
| Kentucky | $62,500 |
| Louisiana | $53,360 |
| Kansas | $50,660 |
| Arkansas | $46,380 |
| Puerto Rico | $38,480 |
Top-Paying U.S. Regions
Earnings for fraud examiners, investigators and analysts shift depending on where you work. These regions lead on median pay:
| Region | Median annual wage | Share of U.S. jobs | Location quotient |
|---|---|---|---|
| Middle Atlantic | $103,528 | 19.1% | 1.87 |
| Rocky Mountains | $83,365 | 4.9% | 1.50 |
| New England | $83,287 | 4.5% | 0.98 |
| Far Western US | $83,064 | 16.5% | 1.02 |
| Great Lakes | $82,490 | 13.2% | 1.06 |
| Southwest | $73,062 | 11.6% | 0.99 |
| Plains States | $71,702 | 5.4% | 0.97 |
| Southeast | $71,533 | 24.1% | 1.18 |
Where the Jobs Cluster
| Metro area | State | Median annual wage | Employment |
|---|---|---|---|
| Lexington Park, MD | MD | $129,650 | 730 |
| San Jose-Sunnyvale-Santa Clara, CA | CA | $119,060 | 1,250 |
| St. George, UT | UT | $118,950 | 30 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | DC | $112,420 | 6,540 |
| New York-Newark-Jersey City, NY-NJ | NY | $108,970 | 8,690 |
| Dayton-Kettering-Beavercreek, OH | OH | $108,200 | 990 |
| San Francisco-Oakland-Fremont, CA | CA | $108,010 | 2,720 |
| Chambersburg, PA | PA | $105,810 | 40 |
Which Industries Hire Fraud Examiners, Investigators and Analysts
The bulk of fraud examiners, investigators and analysts work in these industries:
| Industry | Employment | Median annual wage |
|---|---|---|
| Finance and Insurance | 40,340 | $78,030 |
| Management of Companies and Enterprises | 10,290 | $81,030 |
| Educational Services | 7,640 | $63,750 |
| Professional, Scientific, and Technical Services | 7,510 | $93,690 |
| Health Care and Social Assistance | 7,030 | $64,930 |
| Other Services (except Public Administration) | 5,080 | $52,770 |
| Administrative and Support and Waste Management and Remediation Services | 4,220 | $64,070 |
| Information | 2,700 | $82,900 |
The table below shows some of the most common industries where those employed in this career field work.
Tools and Technology
- Data base user interface and query software: Microsoft Access (hot technology)
- Spreadsheet software: Microsoft Excel (hot technology)
- Office suite software: Microsoft Office software (hot technology)
- Electronic mail software: Microsoft Outlook (hot technology)
- Presentation software: Microsoft PowerPoint (hot technology)
- Document management software: Microsoft SharePoint (hot technology)
- Data base user interface and query software: Microsoft SQL Server (hot technology)
- Process mapping and design software: Microsoft Visio (hot technology)
- Word processing software: Microsoft Word (hot technology)
- Object or component oriented development software: Python (hot technology)
- Object or component oriented development software: R (hot technology)
- Analytical or scientific software: SAS (hot technology)
Work Environment
The on-the-job environment of fraud examiners, investigators and analysts reflects the following characteristics:
- Telephone Conversations
- Importance of Being Exact or Accurate
- Spend Time Sitting
- Work With or Contribute to a Work Group or Team
Education and Training
Typical fraud examiners, investigators and analysts positions require a bachelor’s degree as the typical entry-level education. This career aligns with Considerable Preparation Needed (Job Zone 4), indicating the level of preparation typically expected.
Similar Occupations
Similar Occupations
- Security Managers (Supplemental)
- Compliance Managers (Primary-Short)
- Loss Prevention Managers (Supplemental)
- Claims Adjusters, Examiners, and Investigators (Primary-Long)
- Management Analysts (Supplemental)
- Security Management Specialists (Supplemental)
- Accountants and Auditors (Primary-Long)
- Financial Risk Specialists (Supplemental)
Degree Programs
Aspiring fraud examiners, investigators and analysts typically earn programs in:
Business, Management, Marketing, and Related Support Services
2 programs across 2 majors
Mathematics and Statistics
1 programs across 1 majors
Theology and Religious Vocations
1 programs across 1 majors
Sources
Statistics shown above are sourced from the following authoritative sources:
- U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) for employment and wage data by state and industry.
- BLS Employment Projections for total employment and growth forecasts.
- O*NET (Occupational Information Network) for skills, knowledge, tasks, work activities, work context, technology, and education-zone data.
SOC code: 13-2099.04 (Financial Specialists, All Other).
GradDegree.com provides higher-education, college and university, degree, program, career, salary, and other helpful information to students, faculty, institutions, and other internet audiences. Presented information and data are subject to change. Inclusion on this website does not imply or represent a direct relationship with the company, school, or brand. Information, though believed correct at time of publication, may not be correct, and no warranty is provided. Contact the schools to verify any information before relying on it. Financial aid may be available for those who qualify. The displayed options may include sponsored or recommended results, not necessarily based on your preferences.
© GradDegree.com – All Rights Reserved.